Inflation

The consumer price index was up 7.7% from a year earlier, the smallest annual advance since the start of the year and down from 8.2% in September.

Four out of five executives believe there will be a recession in the next six months, according to a survey from PwC.

Fears about inflation and a slump in business are dampening the economic confidence of accountants in the U.S. and other parts of the world, according to a new survey.

The Internal Revenue Service has raised tax brackets and the standard deduction by about 7% for 2023 as the soaring cost of food, energy and housing continues to batter Americans.

Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.

More than 60 tax provisions are going up, according to Rev. Proc. 2022-38.

With inflation still running high, companies are looking for advice from the accountants about how to cope with rising costs.

Chicago-based Top 10 firm Grant Thornton found that finance leaders, who were already concerned about inflation, grew even more pessimistic about the road ahead. 

Half of U.S. states saw year-over-year drops in June, suggesting state revenues may continue to drop.

The worry has been getting worse for five consecutive quarters, according to MetLife/U.S. Chamber of Commerce Small Business Index.