Economy

Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.

President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.

Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.

Lawmakers have separately discussed eliminating a tax deduction for pharmaceutical advertising.

The plan mandates the sale of dozens of parcels totaling more than 11,000 acres (4,450 hectares) of federal land in Utah and Nevada.

Tax Court judges; like-kind slip-ups; estate planning and digital assets; and other highlights from our favorite tax bloggers.

House Republicans plan to raise more than $15 billion in revenue through lease sales, as well as other measures, to help pay for the massive tax cut package.

The Big Four Firm committed to 800,000 square feet of the 1.1 million-square-foot tower known as 70 Hudson Yards, per the Wall Street Journal.

Mapping the talent hunt; what taxpayers don't know; new blog on the block; and other highlights from our favorite tax bloggers.

Financial planners who take their customers through a difficult calculation can add a lot of value that may sometimes get overlooked in the profession, one expert said.

Hourly earnings growth for employees at small businesses slowed this month to its lowest level since May 2021, according to Paychex.

The Top 25 Firm is expanding in Ohio by adding a firm that specializes in serving McDonald's franchises.

Accountants can transform renewable energy incentives from the Inflation Reduction Act into a strategic financial opportunity for their clients.

Grant Thornton Advisors is merging together more international firms in its network, adding firms in the United Arab Emirates, Luxembourg and the Cayman Islands.

The average U.S. homeowner paid $4,172 in property taxes last year, according to a report by real estate data firm ATTOM.

Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.

Business clients have additional tasks to tackle when branching out across the country.

Plus, Solver releases xFP&A Nonprofit Industry Solution Models; CPAClub launches "Club 22" professional network; and other accounting tech news.

Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.