Small business

Private sector employers added 291,000 jobs in January, according to payroll giant ADP, in a strong showing for the economy, despite fears of the coronavirus.

Weekly earnings at small businesses continued to increase in January, while job growth went up only slightly.

The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.

With a little bit of data analysis, accountants can help small businesses develop more profitable approaches.

For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.

The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations.

The job numbers were boosted by employment in professional and business services.

The tight labor market prompted wage increases to accelerate at the end of the year.