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CPAs are seeing more need for financial planning for clients with the passage of the Tax Cuts and Jobs Act.
March 2
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The U.S. Department of Treasury and the Internal Revenue Service issued guidance seeking to close a loophole that hedge-fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits.
March 1
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A private equity firm has acquired the family-owned Petz Enterprises' professional tax software business.
February 28
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Major corporations have authorized $200 billion in stock purchases in the two months since the passage of the new tax law while more than 55,000 American workers have been laid off, according to Senate Democrats.
February 28
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One of Noble Group Ltd.’s largest shareholders has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on investors to agree to a controversial debt-for-equity rescue plan that it opposes.
February 27
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New Jersey took the first step toward allowing residents with the nation’s highest property taxes to circumvent a new federal limit on state and local tax deductions.
February 27
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The North Carolina firm saw staff members take a 'polar plunge' as part of a $45K fundraising event.
February 26
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U.S. companies including FedEx Corp. and Motorola Solutions Inc. are seizing an opportunity to borrow money and top up their pensions, before a tax benefit shrinks.
February 26 -
What does it take to get into the 1 percent? The price of admission is an adjusted gross income—basically, what you make before deductions—of $480,930.
February 22
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Changes to the tax code may restrict growth in philanthropy to U.S. higher education to less than 6 percent this year, according to a report this week from Moody’s Investors Service.
February 22
