Inflation

The former Treasury secretary said that any tax hikes shouldn’t go toward funding fresh outlays.

Economic confidence among accountants and finance professionals in North America has declined to levels seen during the height of the COVID-19 pandemic in 2020.

Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers.

Audit partners in the U.S. see the top economic risks to businesses as inflation, labor shortages, and supply shortages and supply chain disruptions, according to a new survey by the CAQ.

Suspending the federal gasoline tax may sound like welcome relief, but experts warn it could bring mixed results — or even higher gas prices in the end.

Suspending the federal gasoline tax would be a largely symbolic move by an embattled president running out of options to ease pump prices weighing on Democrats’ political prospects.

The president said he’s aiming to decide this week whether to move to suspend the federal gasoline tax.

Business executives who assume their companies are highly trusted by consumers are overestimating their level of trust, according to a new PwC survey.

Oil companies that record a profit margin better than 10% would face a proposed new federal surtax, as Democrats struggle to curb U.S. energy costs and broader inflation.

A group of finance leaders are coping with a steady stream of economic disruptions this year and they’re planning ahead for tax hikes and more.

As inflation and interest rates spiral upward, the service is increasing its interest rates for the third quarter of the year.

Businesses may be struggling to maintain their ever-increasing operational costs and maximize profits.

CFOs will increasingly turn to cost reductions, not just price increases, if above-average inflation continues, according to a Gartner survey.

They are pushing to help truckers, Uber and Lyft drivers, and other transportation businesses as they struggle with soaring gas prices.

The Internal Revenue Service issued its annual inflation-adjusted amounts for health savings accounts next year as the inflation rate surged to the highest level in decades.

U.S. consumer prices rose in March by the most since late 1981, reinforcing pressure on the Fed to raise interest rates even more aggressively.

It is more important than ever for accounting and financial service firms to be visible where prospects are looking for insight and help.

Policy makers voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holding borrowing costs near zero.

Several states have taken steps to temporarily roll back their gasoline taxes, a move the Biden administration is considering backing on the federal level.

Companies are undoubtedly raising prices. The question is whether they are exploiting a surge in consumer demand or merely passing on their own higher costs.