Economy

American Accounting Association inducts Hall of Famers; Armanino launches professional services group; and more news from across the profession.

Trump's Small Business Administration told probationary staff members it had mistakenly sent them termination notices, then informed some of them the next day they were fired after all.

Automakers are lobbying against lawmakers immediately ending popular electric-vehicle tax credits that President Trump has railed against.

Tariffs' effects; the right CMS; new blog on the block; and other highlights from our favorite tax bloggers.

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

Job growth also slowed at small businesses in January, according to payroll company Paychex.

RSM International announced its 2024 financial results, reporting 15% growth in global fee income and 11% growth in tax revenues.

The Top 50 Firm has created an international network of independent firms that it's calling BPM Global Ltd., beginning with Enspira Financial in Australia.

The Top 10 Firm based in Chicago plans to acquire a Regional Leader based in Savannah, Georgia, expanding its presence in Georgia and Florida.

The mandate to pause all federal loans and grants has reverberated across the country, from tiny nonprofits to sprawling health agencies.

A $400 billion green bank for clean energy projects and a consumer tax credit for electric vehicles are being reviewed under a government-wide spending freeze.

For accountants with clients with multiple entities, one of the biggest bottlenecks is in multi-entity consolidation, especially family offices. How can you, as their trusted advisor, help combat the issue?

The Public Company Accounting Oversight Board launched an online resource page with content tailored for smaller firms.

KPMG appoints new global head of audit; Weaver launches health care advisory practice; and more news from across the profession.

Carr, Riggs & Ingram, a Top 25 Firm based in Enterprise, Alabama, has added CapinCrouse, a Regional Leader based in Indianapolis, effective Jan. 17, 2025.

Natasha Kosnac, chief audit officer of Unite Here, recently succeeded Peter Frank as president of the Accountants Club of America and she has plans for expanding the longtime club.

The IRS has updated and added new guidance for claiming the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit.

Two leaders exit SEC; Illinois CPA Society welcomes largest class of Mary T. Washington Wylie Internship Preparation Program scholars; and more news from across the profession.

The companies charged significantly more than the national average for dozens of specialty drugs, the Federal Trade Commission said in a report.

Flat tax; doubts about 'automatic' IRS calculations; when to shred; and other highlights from our favorite tax bloggers.