Economy

Crude oil volatility, gas tax holidays, and a handful of states that tie their tax rate to inflation can shift a client's monthly liability by six figures.

The suing homeowners said the city caused "mass confusion" with its identification of thousands of properties potentially subject to the tax on second homes.

New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.

The levy targets single-family homes worth $5 million or more and apartments worth $1 million or more.

Sales are continuing to improve at small businesses, but cash flow remains under pressure, according to a new report from Xero.

Client expectations are evolving, and the firms that succeed will be those that adapt accordingly.

Mayor Zohran Mamdani defended the rollout of a new tax on highly valued second homes in New York City, saying only property owners who receive a letter from city officials will be impacted by the levy.

Pitching an institutional investor on a single private equity deal rather than a diversified fund was long deemed the sign of a buyout newcomer or a struggling rainmaker.

Tax professionals can help companies with wind and solar projects after a recent court decision, as well as energy-efficient commercial building improvements.

The House Ways and Means Committee held a hearing to advance legislation requiring disclosures of foreign sources of funding for tax-exempt groups and recipients.

The International Auditing and Assurance Standards Board proposed a set of revisions to the International Standard on Auditing.

A dispute the singer sought to turn into a public indictment of inspectors' practices is set to be thrust back into the limelight.

The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.

Central organizations at nonprofits with local affiliates are now required to file a new form with the IRS to maintain their tax-exempt status.

The National Taxpayers Union Foundation's Taxpayer Defense Center filed a lawsuit seeking to end the collection of donor information from nonprofits.

A California business tax credit cap threatens to drive away film and television production, according to lawmakers who demanded a fix from Governor Gavin Newsom.

Energy isn't simply a bill to be paid. It's a category that needs to be managed with the same discipline as any other major financial exposure.

Judgment about property improvements used to be defined by personal biases and loose, anecdotal evidence. Financial tracking is changing that.

Jordan's Revenge; generative AI; faulty assumptions; and other highlights from our favorite tax bloggers.

This year's top resellers in the accounting space say they're facing greater expectations on a number of fronts.