Economy

The tax prep giant's financial technology innovation arm is adding new accounts receivable features to its bookkeeping software.

U.S. oil and gas companies, along with their investors, may not be doing enough to reflect the impacts of the climate crisis in their financial reports.

KPMG U.K. Ltd. faces a 15 million pound ($21 million) fine after it committed “gross misconduct” over a conflict of interest when it advised bed manufacturer Silentnight and the private equity firm that bought it in 2011.

A 25% tax credit is the latest carrot being proposed on Capitol Hill to encourage semiconductor companies to bolster U.S. production.

The Big Four firm is investing in an overhaul targeting better audits, digitization of services and greener operations.

PricewaterhouseCoopers is restructuring its U.S. firm into two business segments, and redefining its global strategy around the concept of trust.

The pandemic has been going on so long that it can be hard to imagine what things will look like afterward -- but businesses need to start preparing now for their eventual emergence, according to Cynthia Romano and Kevin Clancy of CohnReznick.

As more Americans cut the cord on traditional landline phones, a government program that subsidizes internet service to poor communities is in danger of collapsing because it relies on taxes from dwindling long-distance calling fees.

The topic of Employer Identification Numbers is sure to arise as accountants help clients get all of their tax to-dos in order.

Some in Washington have slammed states for what they consider kicking their own residents while they’re down — against the intent of Congress.

Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.

Sen. Ron Wyden has questions about why the company consistently loses money in the U.S. and doesn’t pay more in taxes.

Employment in the private sector increased by 978,000 jobs last month, payroll giant ADP reported, as the economy slowly continues to recover from the COVID-19 pandemic.

While the rate of job growth in the leisure and hospitality sector increased last month, it slowed in the construction industry, according to Paychex.

The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers.

Fifty years of preparing taxes; golden days for whistleblowers; confusion in Colorado; and other highlights from our favorite tax bloggers.

During the pandemic, small-business owners have been relying on their accountants for more than just bookkeeping.

The legislation would overhaul the current menu of energy tax breaks, consolidating credits for renewable energy sources and offering incentives to any energy source that has no carbon emissions.

Three of the biggest obstacles businesses face are financial instability, bringing employees back to the office, and developing a COVID-19 vaccine policy. Accountants can help clients through each of these areas.

The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday.