Economy

Leaders of the Securities and Exchange Commission and the Public Company Accounting Oversight Board issued a joint statement Wednesday about the impact of the coronavirus on audit firms trying to operate in China.

The Internal Revenue Service provided guidance and a safe harbor Wednesday for businesses that claim carbon capture credits in an effort to reduce emissions of carbon dioxide.

The exit of David Knoch is the latest change at the growing and rapidly pivoting tax-focused IBD formerly known as HD Vest.

The university is dealing with a new levy on college endowments included in the 2017 tax overhaul, the first time private colleges will pay such a fee.

A group of 27 Democratic senators is calling for action in the Senate Finance Committee on extending energy-related tax credits and examining new tax proposals, especially those that incentivize renewable energy projects.

The Massachusetts-based firm will bring accounting and finance services to the office supply company’s small-business customers.

The Financial Accounting Standards Board proposed an accounting standards update Monday to enhance the transparency of how not-for-profit organizations present and disclose contributed non-financial assets.

Grant Thornton’s National Tax Office picks the top issues of 2019 and 2020.

Private sector employers added 291,000 jobs in January, according to payroll giant ADP, in a strong showing for the economy, despite fears of the coronavirus.

Organizations need to get serious about following government rules from the very beginning.

Weekly earnings at small businesses continued to increase in January, while job growth went up only slightly.

Michael Bloomberg said Saturday he would raise taxes on the wealthy, increase the corporate tax rate, and curb tax-free inheritances of large estates, elements of a tax plan that he says would raise $5 trillion over a decade.

The Internal Revenue Service announced that it is going to let charities and nonprofits electronically apply for tax-exempt status with a newly revised Form 1023, starting later this month.

The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.

Crowe Global, the eighth largest network of audit, tax and advisory firms, reported global revenues of $4.4 billion in 2019, an increase of 3.5 percent (not counting the impact of foreign currency exchange), the network’s eighth year of consecutive growth.

The international accounting firm network reported revenues of $1.98 billion in its 2018-2019 fiscal year.

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.

Built Technologies, a provider of construction finance software, has acquired lienwaivers.io, a developer of lien waiver management and payment technology for commercial and residential construction.

With a little bit of data analysis, accountants can help small businesses develop more profitable approaches.