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.

President Joe Biden ignored worse-than-expected U.S. inflation data that roiled markets during a planned celebration for his signature climate-and-tax law.

The highest inflation rate in decades is likely to produce major increases on some tax items, according to predictions from Bloomberg Tax.

The Top 20 Firm has been hearing concerns from clients asking how they can reduce costs without laying off desperately needed employees.

AICPA and CIMA found that U.S. executives were more pessimistic than ever when it comes to business growth, hiring and the impact of inflation.

Nearly half of CFOs anticipate a recession by next year, but they're more concerned about inflation than a recession, according to a new survey by Deloitte.

What sets the attractive firm apart from the pack is being entrepreneurial and able to bolster profits for the acquirer.

Declining GDP, inflation surges and labor shortages and supply chain disruptions had deepened economic worries.

The Inflation Reduction Act; latest scams; accountant icons; and other highlights from our favorite tax bloggers.

Despite surging inflation levels and the ongoing labor shortage, less than one-third of top executives plan to offer salary increases to all employees.

GDP declines have firms counseling their clients on how to cope with a worrisome economy.