Two senior Democratic senators proposed the tax in an effort to boost investment and reduce what they termed 'tax avoidance.'

The Ways and Means Committee voted to approve 12 weeks of paid family leave and a mandate to enroll employees in retirement accounts.

The stumbling block is scrapping the deduction limit without losing progressives wary of a tax cut that would overwhelmingly benefit the wealthy.

Nonetheless, the party's congressional leaders are determined to forge ahead with the tax and spending plan.

A recent statement on corporate reporting says the global profession needs to start with the 2021 reporting cycle.

Guidance in Notice 2021-53 from the IRS will help employers with the ‘Instructions for Employee’ and other statements.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

U.S. regulators have long said they’re dubious about the green and socially conscious labels that Wall Street applies to $35 trillion in so-called sustainable assets. Now, the watchdogs are hunting for proof that they’re right.

The company settled claims that it engaged in an expense-management scheme that resulted in inflated earnings.

The portal offer a streamlined way to seek loan forgiveness, but accountants are watching for the revenue reduction scores the SBA is using to make determinations.

Fraud or improper payments accounted for more than $90 billion of the government’s emergency aid for the unemployed and small businesses.

Justice made a startling claim in a legal filing that cryptocurrencies are not in all instances property for U.S. tax purposes.

Key legislators are at odds over how high to increase levies on investment gains.

Government budgets are prepared with “wild, wild west” accounting rules.

The fitness company warned that a price cut would hurt its bottom line, and that it found a problem with the way it accounts for inventory.

The institute is asking Congress to expand the deduction to include accounting firms and other businesses excluded under the Tax Cuts and Jobs Act.

Financial analysis, reporting and controls help lay the foundation for business success.

The lack of tax information from major platforms isn’t a technological limitation. It’s a design decision.

The resolution came after a White House pressure campaign and assurances from Speaker Pelosi helped unite fractious Democrats.