Economy

The Internal Revenue Service has been doing a better job of processing and reviewing claims for Small Business Health Care Tax Credits, according to a new report, though the number of small businesses claiming the Obamacare credit has declined precipitously.

Business confidence in the U.S. declined in the second quarter and is now at its lowest level since the fourth quarter of 2016, according to a new report from the Association of Chartered Certified Accountants and the Institute of Management Accountants based on a survey of accountants.

The sharing economy might have to start paying more taxes to the IRS.

Business clients are likely to require accounting services that are all or mostly digital.

A properly designed and implemented construction tax planning analysis will proactively identify tax savings related to new and planned construction projects.

Ernst & Young said Thursday that Headwaters SC, LP and its Family Enterprise Business Services practice are joining EY.

The House Ways and Means Tax Policy Subcommittee held a hearing Thursday to discuss how tax reform will affect small businesses, while a Senate Democrat introduced legislation to give new tax breaks to small businesses.

The unemployment rate inched up one-tenth of a point to 4.4 percent, as employers added 222,000 jobs in June, the U.S. Bureau of Labor Statistics reported Friday, although accounting and bookkeeping services lost 300 jobs on a seasonally adjusted basis.

Private sector employment increased by 158,000 last month, according to payroll giant ADP, in another sign of the job market moving toward what economists consider “full employment.”

Employment growth at small businesses declined for the fourth month in a row in June, according to payroll giant Paychex, but wages continued to rise.

Moses Kgosana, who was due to take the role of Alexander Forbes Group Holdings Ltd. chairman at the end of August, withdrew from the position after allegations emerged related to his tenure as chief executive officer and senior partner at KPMG South Africa.

A surprise ruling in an ERISA case reverses earlier courts.

The United States has the smallest “shadow economy” of underground trade in goods and services, compared to 28 other countries, according to a new report from the Association of Chartered Certified Accountants.

International organizations are the ERP platform provider's fastest growing customer base.

The Public Company Accounting Oversight Board is continuing to uncover problems with auditor independence during recent inspections of auditors of brokers and dealers.

Nonprofits are confronting a host of challenges, including the threat of spending cuts from the federal government that could severely tighten their budgets and ability to serve their communities.

Now is the time to review systems and processes to prevent future trouble.

The French company that claims to hold the trademarks of the former Big Five accounting firm Arthur Andersen & Co. sent Accounting Today a copy Friday of the lawsuit it filed against Andersen Tax over the rights to the Andersen brand, alleging the use of forged documents and an attempt to obtain court rulings using forgeries.