Finance

Millennials still believe the future is bright. According to a survey of 2,000 people conducted by Pepsi as part of the company's Optimism Project, 94 percent of Gen Yers feel optimistic about the future.

Securities and Exchange Commission Chairman Mary Schapiro announced plans to make it easier for SEC staff to bring enforcement actions and indicated that the Financial Accounting Standards Board would further modify fair value accounting standards.

Peoples Income Tax, a local tax prep chain in Virginia, plans to give a break to recently laid-off workers.

Corporate tax executives cited management of the effective tax rate and taxation of international operations as their top two business tax concerns in 2009, according to a new survey.

Clients are coming to their CPAs with concerns about their shrinking retirement savings as the recession deepens.

In the latest sign of tax trouble in the Obama cabinet, Labor Secretary-designate Hilda Solis’ husband had tax liens filed against him.

The Senate has unanimously approved a $15,000 tax credit for individuals who purchase a home in the next year.

It’s no surprise the TARP has turned out to be such a murky endeavor, since even the name of the controversial bailout program has been in doubt from the beginning.

Private sector employers slashed 522,000 jobs last month, according to the latest report by payroll giant ADP.

Accounting firm Barfield Murphy Shank & Smith has formed a group to help restructure struggling small companies.

A survey of small business owners showed signs that some are less worried about the economy than they were three months ago.

The majority of U.S. companies are making multiple adjustments in their pay and hiring programs for both executives and employees in response to the financial crisis, according to a new survey.

Tom Daschle, President Obama’s pick to lead the Department of Health of Human Services, has withdrawn his nomination amid revelations that he recently owed more than $140,000 in taxes and interest.

Two senators want to stop multinational companies from lobbying to include a tax break for offshore earnings in the economic stimulus package.

There has been talk, and some hope, that the current financial crisis might be the perfect storm for tax reform, allowing the Obama administration to push through significant policy changes.

President Obama’s pick to lead the Department of Health and Human Services, former Senate Majority Leader Tom Daschle, apologized for owing $140,000 in back taxes and interest.

Accounting firm Wiss & Co. has created an economic advisory group to help business owners and executives deal with the recession.

The Financial Accounting Standards Board wants to bring more clarity to some of the complex credit derivatives that contributed to the financial crisis.

The American Institute of CPAs has opened an online Economic Crisis Resource Center with information to help accountants advise their clients, employers, family members and friends on how to cope with the recession.

The House included a taxpayer accountability amendment in the economic stimulus bill that provides protections to federal workers who expose waste, fraud and abuse, drawing praise from whistleblower advocacy groups.