Economy

A Senate hearing Tuesday indicated the politics of the tax overhaul haven’t changed since it passed in December, with Republicans singing its praises as an economist booster and Democrats torching it as a broken promise that mostly benefits the wealthiest.

New reports indicate the effects of the Tax Cuts and Jobs Act on the self-employed are still unclear to many of them.

The software helps taxpayers determine the new Section 199A tax break on qualified business income of partnerships and S corporations under the new tax law.

Organizations whose applications for tax-exempt status were delayed by the IRS could be getting $3.5 million.

Optimism among accountants has reached its peak after tax reform.

Is it time to make the switch after the new tax law?

The Tax Cuts and Jobs Act is forcing companies to reconsider where they are hiring and assigning workers.

As the country moves toward full employment, employers face the challenge of differentiating their business and job opportunities.

The product is designed to automate the tracking and management of industry-wide best practice metrics, and provide benchmark information on financial health, sustainability and mission impact.

KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.

All staff will face background checks every two years to try improve the firm's reputation.

CEOs and CFOs are feeling more upbeat about the prospects for economic growth, according to a survey released by PwC.

It’s been more than a year since Congress created the Qualified Small Employer Health Reimbursement Arrangement, a new health benefits option available to businesses with fewer than 50 employees.

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

As recently as 2010, the Internal Revenue Service used to audit nearly all 'corporate giants.'

The American Institute of CPAs is asking the Internal Revenue Service to provide additional details on how it will be treating foreign corporate income under the new tax law.

Private sector employers added 241,000 jobs in March, according to payroll giant ADP, as the new tax law and the strong economy helped boost hiring.

Job growth at small businesses dipped slightly last month, according to payroll giant Paychex, although the pace of wage growth saw some gains.

Andersen Tax has been spreading its network of tax and legal services firms across the world after settling a legal dispute last year with a French firm that had laid claim to the Arthur Andersen name.