Explore

Trendline Trendline
Jones Day Expands Tax Practice with Former IRS Senior Counsel Laurie Humphreys

Jones Day Expands Tax Practice with Former IRS Senior Counsel Laurie Humphreys

Jones Day Expands Tax Practice with Former IRS Senior Counsel Laurie Humphreys
Rapid Read Rapid Read
IRS Targets Fiscal Sponsors, Threatening Nonprofit Infrastructure

IRS Targets Fiscal Sponsors, Threatening Nonprofit Infrastructure

The IRS has announced plans to redesign Form 990, which could impose stricter oversight on fiscal sponsors—organizations that provide financial and administrative support to fledgling nonprofits. This move is part of a broader federal strategy that critics argue is aimed at undermining progressive movements and nonprofits that challenge the current administration's policies. Fiscal sponsors play a crucial role in enabling grassroots organizations to operate by handling compliance and financial management. The proposed changes could lead to increased auditing and administrative burdens, potentially stifling the growth and impact of small nonprofits.
Rapid Read Rapid Read
Trump Administration's $1.8 Billion Fund for Wrongly Prosecuted Individuals Sparks Controversy

Trump Administration's $1.8 Billion Fund for Wrongly Prosecuted Individuals Sparks Controversy

The Trump administration has announced a plan to establish a $1.8 billion fund aimed at compensating individuals who claim they were wrongly investigated or prosecuted. This initiative, known as the 'Anti-Weaponization Fund,' is unprecedented in its use of public funds and has sparked bipartisan criticism in Congress. The fund's creation follows President Trump's decision to drop a $10 billion lawsuit against the IRS over leaked tax records, in exchange for setting up this compensation mechanism. A five-member commission, appointed by acting Attorney General Todd Blanche, will oversee the distribution of funds, with the power to authorize payments to eligible applicants. The fund is set to expire in December 2028, with any remaining money redirected to a federal agency of Trump's choosing.
Rapid Read Rapid Read
China Enforces New Rules Against Foreign Jurisdiction, Targets EU Probe

China Enforces New Rules Against Foreign Jurisdiction, Targets EU Probe

China has implemented new regulations to counter what it perceives as improper foreign jurisdiction over its companies, marking the first use of these rules in response to an EU investigation into Nuctech, a Chinese security equipment firm. The EU's probe, under its Foreign Subsidies Regulation, is scrutinizing Nuctech for alleged unfair advantages due to Chinese government subsidies. In response, China has barred cooperation with the EU's investigation, citing overreach and unnecessary demands for information. This move is part of China's broader strategy to protect its firms from foreign economic pressures and assert its legal framework against perceived extraterritorial jurisdiction.
Trendline Trendline
DuPont's Stock Performance Tied to Oil Price Fluctuations

DuPont's Stock Performance Tied to Oil Price Fluctuations

DuPont's Stock Performance Tied to Oil Price Fluctuations
TheStreet TheStreet
Fidelity, AARP sound the alarm on a serious 401(k) problem

Fidelity, AARP sound the alarm on a serious 401(k) problem

More Americans are reaching into their retirement accounts before they should. The reasons are understandable. The consequences are not always visible until it is too late. Two of the most influential names in retirement planning are now making sure workers understand exactly what that decision ...
Rapid Read Rapid Read
Lagos Achieves Record Revenue Growth with N2.6 Trillion in 2025

Lagos Achieves Record Revenue Growth with N2.6 Trillion in 2025

Lagos, the largest city in West Africa, has reported a significant increase in its revenue for the fiscal year 2025, reaching N2.6 trillion ($1.9 billion). According to Finance Commissioner Abayomi Oluyomi, this marks an 18.5% rise in internally generated revenue from the previous year. The increase is attributed to comprehensive reforms in tax administration and the expansion of digital payment infrastructure, which have streamlined revenue collection processes. Tax revenue alone saw a 38% increase, reaching N1.44 trillion in 2025. These efforts are part of a broader strategy to support the state's urban and infrastructure development needs.
TheStreet TheStreet
Fidelity puts a number on the real cost of working for yourself

Fidelity puts a number on the real cost of working for yourself

Leaving a salaried position for the independence of self-employment comes with a financial trade-off that most people discover only after filing their taxes. The paycheck looks bigger without an employer withholding taxes from every pay period, and the daily flexibility feels genuinely liberating ...
Trendline Trendline
Supreme Court Ruling Prompts Launch of Tariff Refund Portal for U.S. Importers

Supreme Court Ruling Prompts Launch of Tariff Refund Portal for U.S. Importers

Supreme Court Ruling Prompts Launch of Tariff Refund Portal for U.S. Importers
Trendline Trendline
Labour Maintains £2 Billion Packaging Levy Amid Inflation Concerns

Labour Maintains £2 Billion Packaging Levy Amid Inflation Concerns

Labour Maintains £2 Billion Packaging Levy Amid Inflation Concerns
TheStreet TheStreet
Dave Ramsey, Charles Schwab raise red flag on IRAs, Roth IRAs

Dave Ramsey, Charles Schwab raise red flag on IRAs, Roth IRAs

Americans saving for retirement remain focused on maximizing the money they will have available once they stop working, and Individual Retirement Accounts (IRAs) play a central role in that planning. As households evaluate tax treatment, contribution strategies, and long‑term investment choices, ...
Trendline Trendline
Retired Port of Aberdeen CFO Jon Oakey Honored with Finance Lifetime Achievement Award

Retired Port of Aberdeen CFO Jon Oakey Honored with Finance Lifetime Achievement Award

Retired Port of Aberdeen CFO Jon Oakey Honored with Finance Lifetime Achievement Award