Economy

U.S. Treasury Department rules outlining which businesses structured as S corporations, partnerships and limited liability companies can claim a 20 percent tax deduction are likely to be delayed until the end of July, according to a senior administration official.

U.K. grocer J Sainsbury Plc named Martin Scicluna as its chairman, tapping a former senior executive at accounting firm Deloitte as it prepares to add Walmart Inc.’s Asda unit in a 7.3 billion-pound ($9.7 billion) deal.

Despite the uptick in interest rates, an improved economy may lead to a resurgence of interest in vacation or second homes.

Overall, the majority of business owners feel positively about the state of business as a whole.

Tax cuts and the booming economy continued to bolster payrolls despite the threat of a looming trade war.

The new tax law didn't do much to boost employment and pay last month.

Poor record-keeping meant the owner couldn’t document sales of non-marijuana merchandise.

Thomson Reuters Checkpoint Catalyst has published an analysis of the new Section 199A qualified business income deduction for pass-through entities ushered in by the Tax Cuts and Jobs Act.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

President Donald Trump appeared to turn on an iconic American company he once embraced, accusing Harley-Davidson Inc. of using new tariffs on trade as cover to shift some production abroad as he threatened the motorcycle manufacturer with a “big tax” on bikes imported to the U.S.

The Tax Cuts and Jobs Act may have lots of good news for taxpayers, but it also requires answers to a number of questions.

The American Institute of CPAs is teaming up with the U.S. Small Business Administration to help CPAs and their small business clients get relief from regulatory burdens.

The Internal Revenue Service is extending incentives for solar power and other clean energy sources by as long as four years.

The Governmental Accounting Standards Board has issued guidance outlining the accounting requirements for interest costs incurred before the end of a construction period.

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

Here are the major considerations to keep in mind when developing future strategies that are affected by the tax code's new provisions.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.