Economy

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network's Global Tax Group.

The deal, expected to close later this year, will expand Grant Thornton's presence in the Asia Pacific region.

The mayor is delaying the city's $127 billion budget as he pressures the state to limit a pass-through entity tax credit used by financial businesses.

CFO Selections, a fractional CFO firm, received a minority investment from family office Laird Norton Company.

The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

The House Financial Services Committee voted to advance legislation that would effectively repeal the Corporate Transparency Act and its beneficial ownership information reporting requirements.

U.S. states are moving to establish a pipeline of large-scale renewable energy projects that can qualify for billions of dollars in expiring federal tax credits.

Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax to agree on. Getting everyone else on board stands to be more complicated.

When business clients no longer need employer tax accounts, they need to close those accounts properly so they are no longer responsible for them.

The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

The International Forum of Independent Audit Regulators released a report summarizing its annual survey of inspection findings from audit regulators around the world.

The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.

It's never too early to make the move and help them reclaim hours of valuable time.

The advisory gap isn't about services. It's about understanding how business owners actually think.

Sweeping review; year-end procedures; close the book; and other highlights from our favorite tax bloggers.

The Top 100 Firm acquired New Jersey-based Cg Advisory, expanding its platform's presence in the Northeast.

A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report information about nonfinanced transfers.

PricewaterhouseCoopers network affiliates in Mauritius, Kenya and Rwanda can't provide professional services for projects financed by the institution for 21 months.