The Bank of England may increase interest rates this year due to rising energy prices linked to the conflict in the Middle East. Analysts warn that disruptions in oil and gas supply could lead to higher inflation, complicating the Bank’s plans to lower borrowing costs. The National Institute for Economic and Social Research predicts that…

Tax refunds have increased by over 10% in 2026, with the average refund amounting to $3,804, which is $351 more than last year, according to the Internal Revenue Service (IRS) report released on February 27th. Despite a 1.9% decline in the number of returns processed, the IRS has issued 28.7m refunds this year, totaling $109bn….

Lombard Odier has alerted the Government to the adverse effects of high taxes and regulations on investment in the UK. The bank’s UK chief executive, Mark Goddard, stated that many entrepreneurs are leaving for tax havens due to the Chancellor’s tax policies. Lombard Odier’s letter to Rachel Reeves highlighted a negative investment culture and the…

Google has disrupted the operations of a Chinese-linked hacking group known as UNC2814 which had breached at least 53 organizations across 42 countries. The group used Google Sheets to execute their surveillance and data theft, successfully blending their activities into normal network traffic, according to Google Threat Intelligence analysts. John Hultquist from Google’s team said:…

Deloitte has appointed longtime Congressional advisor Mark Roman as deputy managing principal of the tax policy group within its Washington national tax practice. Roman joins the firm after two decades in the U.S. House of Representatives, most recently serving as staff director of the House Committee on Ways and Means during the 118th and 119th…

AICPA is urging the Treasury Department and the IRS to provide guidance on the capitalization and amortization of domestic research and experimentation (R&E) under IRC Section 174A(c). In a letter dated February 19th, Cheri Freeh, chair of the AICPA Tax Executive Committee, highlighted conflicting language in Revenue Procedure 2025-28, which has led to varying interpretations…