Economy

The tax-filing season for individuals just opened recently, but businesses already got a head start on various tax incentives in the One Big Beautiful Bill Act.

The Public Company Accounting Oversight Board posted a staff report on testing transactions between broker-dealers and related parties.

Small business job growth and wage growth last month largely followed the same pattern as late last year, payroll company Paychex reported.

The Internal Revenue Service and the Treasury released proposed regulations on the clean fuel production credit under the One Big Beautiful Bill Act.

A complicated kind of debt deal is ­electrifying the muni market these days: prepaid energy bonds.

Thomas Unsworth, a CPA from East Naples, Florida, pleaded guilty in a federal fraud probe of Oakes Farms Food & Distribution Services. 

Knowing exactly who you serve — and why — is becoming one of the most powerful competitive advantages a small firm can develop.

Jennifer Wilson of ConvergenceCoaching cross-examines the potential impact of private equity on accounting firms, and on the profession as a whole.

The OBBBA reshaped several baseline assumptions for 2026 planning around state and local tax, above-the-line deductions and updated inflation adjustments.

Pumping up energy credits; rental prop problems; the OBBBA and financial aid; and other highlights from our favorite tax bloggers.

Lucas Horsfall integrated Gettleson, Witzer & O'Connor of Encino, California. Wilson Lewis merged in Alexander, Almand & Bangs of Gainesville, Georgia.

Rev. Proc. 2026-08 updates procedures for exemption from income tax on a group basis for 501(c) organizations that are under the control of a central organization.

Accountants' confidence in the global economy remains weak entering 2026, citing economic pressures, cyber threats, and geopolitical and regulatory instability.

The Top 25 Firm made an investment in Crowe Advisory Services India, a member of its global network.

Baker Tilly International saw its global network of accounting firms score a record amount of total revenue for the fiscal year ending Dec. 31, 2025.

Right now, cannabis businesses operating legally under state law still can't deduct basic costs like rent, salaries or marketing.

Hourly earnings growth at small businesses continued to decelerate in December, reflecting a pattern for much of the year, Paychex reported.

Going from a financial professional working for someone else to a business owner running your own firm requires shifting your way of thinking.

The tax deduction applies to new cars assembled in the U.S. purchased from 2025 through the end of 2028.

The updated framework under the OBBBA has created new opportunities for the sports and entertainment industries in rural areas and low-income urban areas.