Economy

A bipartisan group of four U.S. senators wants the IRS and Treasury Department to investigate whether nonprofit hospitals are abusing their tax-exempt status.

The Internal Revenue Service is cracking down on the use of employee stock ownership plans as a way to avoid taxes.

Jackpot tax bite; still a hard world; it's your time; and other highlights from our favorite tax bloggers.

Consider the pros and cons of starting your own firm instead of buying one.

Vaibhav Taneja, already has a hefty gig serving as the company's chief accounting officer.

Acquaintances who want quick, off-the-cuff advice from an accountant about important financial decisions are doing themselves a disservice.

The administration could phase in some requirements in a bid to nurture a nascent industry critical to decarbonizing industrial operations.

If you have clients with businesses in multiple states, product or service sales in different states, or employees in other states, they need to know a thing or two about nexus.

Annual pay grew 6.2% year over year, according to payroll processor ADP, which separately added generative AI features to its software.

Earnings growth for small business employees fell below 4% for the first time in more than two years, according to Paychex.

CLA acquires Frost; UHY combines with Bigelow; Withum adds TMDG and PBMares practices; RKL eSolutions buys CPA Technology; and Anglin Reichmann Armstrong merges in Adamson.

The Top 100 affiliate is merging with North Carolina's Relevant CRM.

Get involved in your clients' industries, professional societies and charitable organizations, and write and make presentations to become recognized as a mover, doer and expert.

With residency, luxe living and low taxes mere table-stakes, the availability of trained staff to help the ultra-rich run their lives and their money has become a key battleground.

Legislation to extend the 20% deduction for pass-through businesses beyond its expiration date in 2025 is attracting bipartisan support in the House and Senate.

AI and the IRS; the 1099-DA; your best banking products; and other highlights from our favorite tax bloggers.

Forvis added Thales Consulting; and RSM South Africa merged in Ngubane Johannesburg.

Recently appointed the president of the Information Technology Alliance, Geni Whitehouse wants to be a bridge between small and middle-market businesses.

CEO Francesca Lagerberg has been overseeing growth at a time when some of its Big Four rivals are retrenching on their staff numbers.

The Treasury released partial guidance on supply-chain requirements that lets some vehicles qualify — but it hasn't yet clarified how to classify so-called foreign entities of concern.