Economy

The tax incentive that took effect on Jan. 1 is part of President Joe Biden's signature climate law, the Inflation Reduction Act.

Vince McMahon is alleged to have hidden hush-money settlements to a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021.

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

Job growth and hourly earnings growth moderated in the latter part of 2024, according to the payroll processor Paychex.

Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.

EV sales grew 12% in the fourth quarter of 2024, pushing the full-year total to a record 1.3 million.

It's been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion.

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

Crypto's future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.

GRI appoints new CEO; Tennessee Society of CPAs celebrates Accounting Opportunities Month; and more from across the profession.

Republicans represent congressional districts with 19 of 25 major automaker battery and EV assembly plants in operation or under construction.

The AICPA chief suggests that small practices would be better positioned for the future if they concentrated on developing a specialization in a niche.

KPMG International forecasts slight growth in global GDP in 2025, then dampening in 2026 due to post-election policies in the U.S.

It's in your best interest to help your clients receive their payments faster and reevaluate spending.

Small-business jobs growth remained steady in November, while workers' wages grew only slightly, payroll provider Paychex reported.

Small firms can't drop billions on custom AI systems, but there are still ways to leverage the tech without breaking the bank.

Many private equity-backed firms at Accounting Today's PE Summit think that it absolutely can, along with much more.

INCPAS announces awards finalists; ConvergenceCoaching graduates Transformational Leadership Program fall class; and more news from across the profession.

A boutique accounting firm specializing in the restaurant industry has joined the Platform Business Advisors team.