Economy

The service scrambled to provide guidance and forms for taxpayers on the new 20% tax break for qualified business income in time for tax season.

Globalization presents both tremendous opportunities for business, but also significant challenges.

The deduction has been a valuable tax planning tool for architects, engineers and building owners, but it never spurred energy efficient design.

The accounting firm association has appointed a longtime ACCA executive director as its new chief, effective June 1, 2019.

PKF International has appointed James Hickey as the new CEO of the global network of independent accounting firms, effective March 19.

When businesses fail to file on time, they can get hit with fines or other penalties.

There has been no shortage of confusion as American taxpayers have started filing their returns for the first time under the 2017 tax overhaul.

Reps. Terri Sewell, D-Ala., and Tom Reed, R-N.Y., and Senators Ben Cardin, D-Md., and Roy Blunt, R-Mo., have introduced bipartisan legislation to make the New Markets Tax Credit permanent, in an effort to encourage private investment in low-income rural communities and urban neighborhoods.

The U.K. is in turmoil as the government loses the first of three votes this week to decide future trade status.

New York Assembly Speaker Carl Heastie added momentum to the idea of taxing non-resident owners of multi-million dollar apartments as a way to help pay for billions of dollars of regional transit improvements.

Accounting firm RoseRyan has created a consultancy called Kukuza Associates to focus on servicing businesses in the growing cannabis market.

The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.

The red-hot economy shows some possible signs of cooling, particularly among small companies.

Small-business job growth remained consistent in February with the previous month, but hourly earnings growth increased slightly over January, according to a new report from payroll giant Paychex.

Execs in a new BDO survey don’t see the economy staying strong beyond two years.

IRS guidance for on deductions for passthrough entities answers many questions — but raises still others

On the whole, the final regs follow earlier proposals, with some changes to address taxpayer concerns.

Deloitte Touche Tohmatsu Limited has designated Sharon Thorne to be the next chair of the firm’s global board of directors, starting in June. She will be the first woman to chair Deloitte’s global board.