Economy

The Senate's recent passage of legislation exempting smaller financial institutions from some requirements could help clients.

The omnibus appropriations bill that lawmakers are expected to approve ahead of a Friday deadline to avoid a government shutdown includes extra money for the Internal Revenue Service to implement the Tax Cuts and Jobs Act, while changing a provision in the TCJA that advantaged farm cooperatives over other types of grain companies.

The Association of Chartered Certified Accountants is partnering with an association of independent accounting firms to strengthen the global talent pool.

The biggest-ever payouts went to tipsters who provided information that helped the agency bring a 2016 case against Bank of America.

The Internal Revenue Service said Friday it’s ready to process tax year 2017 returns claiming four additional tax benefits recently renewed retroactively into law, including tax breaks related to energy conservation and production.

A new report from Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, discusses how small businesses will face more uncertainty and complexity from the Republican tax law and will ultimately need help from their accountants to figure out the pass-through deduction.

With less than a year before the rev rec changes become permanent, businesses should take immediate action, if they haven’t done so by now.

I hear the comment all the time, “If I do cost segregation, I’ll just give it all back in recapture when I sell.” Allow me to debunk that myth and more.

Two trade groups representing farmer cooperatives and feed producers have reached an agreement to resolve a technical problem in the Tax Cuts and Jobs Act, with the support of Republican leaders in Congress who hope to include the provision within a larger appropriations bill.

The blockchain gang; buying vs. leasing biz cars; real estate defined for Sec. 199A; and other highlights from our favorite tax bloggers.

Foreign affiliates of KPMG, Deloitte & Touche and BDO have agreed to settle charges with the Securities and Exchange Commission for getting involved in audit work that circumvented the Public Company Accounting Oversight Board’s full oversight.

An unprecedented, industrywide survey of sexual harassment in the professional workplace reveals industries with the highest prevalence of unwanted sexual behavior, the differences between large and small companies, and blind spots that may be preventing corrections. Fortunately, the data also lights a path forward.

From inappropriate touching to belittling comments, women advisors confront workplace environments that are far from welcoming.

The International Forum of Independent Audit Regulators reported on issues with how firms are scrutinizing accounting estimates, testing internal controls, checking revenue recognition and more.

Congressional Republicans created a juicy new break for business owners when they rewrote the U.S. tax code late last year. Three months later, hundreds of thousands of U.S. employers still don’t know if they can claim it.

The electric-car maker's corporate controller has left, the latest in a string of management exits.

Deloitte, PwC and EY all caved. Under pressure over how they compiled their gender pay gaps in the U.K., the three companies agreed to revise their figures to include high-earning partners.

Accountants may face their own Section 199A issues

The impact of the Tax Cuts and Jobs Act is beginning to be felt on hiring.