May 16, 2026 | Chicago CPA
My last column was a Call to Arms. I wrote about increasing wholesale and retail inflation, AI creating layoffs, and the continuing devaluation of the dollar. But there’s good news to share as well. The overall economics of the One Big Beautiful Bill Act (OBBBA)...
May 13, 2026 | Chicago CPA
The Labor Department reported Wednesday that its producer price index, which tracks inflation before it hits consumers, increased 1.4% in April. This was its largest monthly gain since March 2022. This means that producer prices rose nearly 6% from a year earlier....
May 11, 2026 | Chicago accounting firm
Tens of millions of Americans might be eligible to claim refunds from the Internal Revenue Service because of a federal-court decision. In Kwong v. United States, the court found that many pandemic-era tax deadlines didn’t actually apply. The ruling determined that...
May 10, 2026 | Chicago accounting firm
A hidden force is quietly pushing up costs for everything from summer vacations to weekly grocery bills: a weaker U.S. dollar. The dollar has fallen about 10% against other major currencies since the New Administration returned to the White House. The Wall Street...
May 10, 2026 | Chicago CPA
A federal trade court declared the New Administration’s 10% global tariffs unlawful, delivering a fresh blow to the administration’s economic agenda. This is just months after the U.S. Supreme Court vacated earlier levies. A divided three-judge panel at...
