Economy

The Biden administration has discussed granting automakers a temporary reprieve from new rules poised to limit a consumer tax credit, a Michigan senator said Tuesday.

The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.

Nepsis, a Minneapolis-based financial advisory and investment management firm, has acquired Sevenich, Butler, Gerlach, & Brazil, a tax, accounting and consulting firm in Saint Paul, Minnesota.

Janet Truncale most recently was the regional MP for EY's financial services organization in the Americas.

The two-member combination will be called Forvis Mazars when it's finalized next June.

The Top 100 Firm received a strategic growth investment from Pamlico Capital.

Central to the case are the statements of financial condition Trump had his accountants at Mazars USA LLP send to lenders detailing his assets and their values.

Kit Dickinson of ADP shares the latest issues in the construction industry, and what they need from their CPAs.

CohnReznick names chief people officer; Moss Adams adds to forest products practice; and more news from across the profession.

Not-for-profit organizations are putting more emphasis on cutting costs as they face the prospect of donors giving them less, according to a new survey.

Trump acknowledged he had a hand in preparing the financial statements that valued his properties.

NASBA CEO and RSM International CEO both announce plans to step down; Citrin Cooperman relocates New York City office; and more news from across the profession.

Attorney General Letitia James says Uber from 2014 to 2017 improperly deducted sales tax and other fees from driver paychecks that should have been paid by passengers.

Jean Stephens, who has led the group for 17 years, plans to step down in May 2024 and become a senior advisor to the network.

Letitia James alleges all three Trump children were central figures in a scheme to inflate the former president's assets by as much as $3.6 billion a year to get better terms on loans and insurance policies.

The classification of marijuana as a Schedule I controlled substance has put cannabis businesses in a bind as far as federal taxes go, even as more states move to legalize the plant.

Organizations are preparing themselves to comply with the SEC's climate-related disclosure rule, according to a new survey.

Growth in hourly and weekly pay at small businesses decelerated in October as job growth moderated, payroll provider Paychex reported.

The Top 10 Firm has been building its international network since last year, with further expansion plans as it begins to roll out AI technology.