More than two thirds of consumers participating in a survey by the National Retail Federation and CNN/Money expect to receive a tax refund this year -- and are ready to spend it. The NRF found that just one out seven respondents plans to wait until April to file this year, in anticipation of their refunds. The Internal Revenue Service reports that the average tax refund this year will be $2,259. Half of those expecting IRS largesse will use the refund to pay down debt, while others indicated that they plan to use part of their monies for such things as vacations or major purchases. In a gender breakdown, the NRF said that women were almost twice as likely as men to use portions of their refund for a major purchase.
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Upon the historic deal's closing, Grant Thornton is expected to beome the fifth-largest firm with more than $5 billion in domestic revenue and $7.5 billion globally.
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The sprawling bipartisan bill would add new requirements for the IRS as well as tax preparers, including continuing education for unlicensed preparers.
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Corporate sustainability reports are including less specific quantitative information and disclosures and leaning more toward puffery.
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How firms are working to solve the latest iteration of the pipeline problem
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Parents of 51.7 million children now qualify for the new Education Freedom Tax Credit for scholarships, according to a new estimate released by its proponents.
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There's little consistency in how businesses across different countries can deduct their capital investments as depreciation, according to a new study.
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