Economy

PricewaterhouseCoopers is restructuring its U.S. firm into two business segments, and redefining its global strategy around the concept of trust.

The pandemic has been going on so long that it can be hard to imagine what things will look like afterward -- but businesses need to start preparing now for their eventual emergence, according to Cynthia Romano and Kevin Clancy of CohnReznick.

As more Americans cut the cord on traditional landline phones, a government program that subsidizes internet service to poor communities is in danger of collapsing because it relies on taxes from dwindling long-distance calling fees.

The topic of Employer Identification Numbers is sure to arise as accountants help clients get all of their tax to-dos in order.

Some in Washington have slammed states for what they consider kicking their own residents while they’re down — against the intent of Congress.

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.

Sen. Ron Wyden has questions about why the company consistently loses money in the U.S. and doesn’t pay more in taxes.

Employment in the private sector increased by 978,000 jobs last month, payroll giant ADP reported, as the economy slowly continues to recover from the COVID-19 pandemic.

While the rate of job growth in the leisure and hospitality sector increased last month, it slowed in the construction industry, according to Paychex.

The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers.