The rules for claiming net operating losses to offset income tax liabilities can vary from state to state and are proving to be a big challenge for many companies, especially as both the economy and corporate profitability improve.
A total of 37 states provide full exemptions from sales and use taxes on manufacturing equipment and machinery, but for the rest of the states, the rules can be different.
Companies that botch the accounting for transactions between different legal entities within their organizations can make their financial reporting slipshod.
Donald Trump’s revamped tax plan stands in stark contrast to his rival Hillary Clinton’s plan, although many of the differences go back to the traditional split between the Republican and Democratic approaches to tax reform.
The American Accounting Association’s Auditing Section has introduced a database summarizing research papers on auditing that were published in seven academic journals.
Internal audit departments are making greater use of innovative technologies such as data visualization, according to a new report.
Privately held companies are scaling back their hiring plans, according to a survey from PricewaterhouseCoopers, partly due to fretfulness over the presidential election.
The Sustainability Accounting Standards Board is seeing more desire from investors for improved sustainability reporting, as evidenced by a wave of comment letters to the Securities and Exchange Commission.
It's not exactly as addictive as the first season of NPR's "Serial," but that's OK. Sageworks has premiered a three-part podcast series on how to grow an accounting firm.
The mobile game Pokémon Go has been grabbing the attention of young people ever since it was introduced last month, bringing together gamers in search of Pokémon characters, but could it also entice young employees and clients to the accounting firms that desperately need them?