Author: Editor

NASA administrator Sean Duffy visits the Neil A. Armstrong Operations and Control Building at the Kennedy Space Center for Space Launch Complex 39A before the NASA and SpaceX Launch Crew-11 mission to the International Space Station on July 31, 2025 in Cape Canaveral, Florida. Miguel J. Rodriguez Carrillo | Getty ImagesTransportation Secretary Sean Duffy pulled $175 million from California’s high-speed rail project on Tuesday, just a month after canceling $4 billion in federal grants.Duffy cited four projects related to the broader California high-speed rail initiative that would lose funding, including track extensions, grade separations, design work and the construction of…

The Internal Revenue Service has released a draft version of the 2026 Form W-2, Wage and Tax Statement, with new fields added to prepare the way for the tax exemptions on tips and overtime income under the One Big Beautiful Bill Act.The draft form breaks up Box 14 into two separate boxes, 14a and 14b. Box 14a, like the 2025 form, is labeled Other, but 14b is labeled “Treasury tipped occupation code.” The Treasury Department is expected to announce a list of qualifying occupations that are eligible to claim the “no tax on tips” deduction by Oct. 2. The deduction…

CFOs and corporate controllers aren’t as concerned about accountant shortages and are dialing back their hiring plans, according to a new survey.The survey, released this month by the Controllers Council, polled over 300 controllers, CFOs and related executives from May through July, and found that despite all the hype about accountant shortages, 53% had no shortages, 33% had minor shortages, and only 10% had significant shortages of finance and accounting talent. Controllers and assistant controllers continue to be cited as the most challenging roles to recruit, by 34% of survey respondents. Bookkeeper/financial reporting ranked as the second most challenging role…

When Indian Prime Minister Narendra Modi stood on the ramparts of the 17th century Red Fort in New Delhi and announced a cut to consumption taxes, he took many of his own officials by surprise.For the past year, bureaucrats had made steady progress in talks to overhaul the country’s complex goods and services tax, but they were still several months away from making an announcement, an official in New Delhi involved in the discussions said. State finance ministers, who will need to manage the bulk of the revenue losses from the tax cuts, say they weren’t consulted beforehand. The officials…