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Private universities with at least 500 students that have endowments of $2 million per pupil or more would pay an excise tax of 8% under the new bill.

The prospect of prolonged talks with holdouts threatens Senate Majority Leader John Thune's goal of passing President Trump's tax-cut legislation by July 4.

Senate Republicans propose to cut trillions of dollars in taxes for households and businesses in their version of President Trump's signature economic package.

The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.

The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.

While the advantages to the parents often receive the most attention, a summer job could pay literal dividends to the children, experts say.

How do accounting firms pivot toward stability and year-round growth? It starts with three key elements.

RSM announced the launch of myRSM Tax, a suite of proprietary platforms that work together using AI to reduce manual processes, accelerate insight generation and ensure transparency.

Document security in accounting encompasses protocols for safeguarding records against unauthorized access, data breaches and loss.

President Donald Trump and his allies are pursuing an alternative strategy to defend against mounting court orders blocking his policies: Raise the financial stakes for those suing the administration.