Economy

Setting up your firm to focus on serving the accounting needs of a specific industry, or special service, is a powerful way to set your accounting practice apart from the rest.

Four days before the filing deadline, the IRS quietly added 21 questions to its website page of frequently asked questions about issues related to Section 199A, the new 20 percent deduction for pass-through businesses.

As the U.S. retirement savings crisis continues to grow, legislators are taking steps to ensure all employees have access to formal retirement savings programs.

The proposed regs were a long time in coming, but generally taxpayer friendly. Here are seven key updates.

Small businesses across America are asking the same question: Am I operating in the correct entity to maximize tax savings?

One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated.

If you have wealthy clients who need these kinds of services, it can be a gold mine for CPAs, according to John Napolitano.

The clarification might lead to problems for some museums.

PKF O’Connor Davies appoints leader to cannabis industry practice; MSCPA takes CEO Action for Diversity & Inclusion Pledge; and more CPA news.

As trusted advisors, we spend so much of our day thinking about how we’re going to deliver answers. Instead, we should be spending a lot more time asking intelligent questions.

Extension a tax incentive for electric vehicle purchases could cost up to $15.7 billion, according to an analysis prepared by opponents.

Tax credits worth billions of dollars for the wind and solar industries are set to expire or begin phasing out next year — part of a 2015 deal Democrats struck that ended a 40-year-old ban on the export of crude oil.

The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.

Production management will now be available in Sage 100cloud, the company's web-based enterprise management solution for small to medium sized businesses.

Planning for the deduction can yield significant tax savings.

The SEC proposed to free small companies from a Sarbanes-Oxley Act requirement that an auditor sign-off on their internal controls over financial reporting.

Certain tax-exempt organizations must file 990-series returns by Wednesday, May 15, the deadline for organizations operating on a calendar year.

The Tax Cuts and Jobs Act creates the opportunity for big tax savings from restructuring a company's status.

There’s a strategy that’s been useful to help many clients achieve their financial objectives, while providing the tangible security required by the lender.

New York and New Jersey have sued to find out why President Donald Trump’s administration scrapped an Internal Revenue Service rule requiring some tax-exempt organizations to disclose their donors.