President Joe Biden’s quest to enact his $4 trillion economic agenda enters a turbulent new phase Monday as the U.S. House comes back into session and Democratic representatives ramp up pressure on the Senate to produce a bipartisan compromise or stop prolonging the effort.

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.

Congress introduced bipartisan legislation to recognize accounting as part of the science, technology, engineering and mathematics curricula.

The debate over how to pay for the nation’s roads, bridges and transit systems is leading some normally anti-tax Republicans to embrace higher levies on motorists.

The proposal calls for $579 billion in net new spending beyond outlays that Congress was already expected to enact.

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

Mitt Romney is helping lead lawmakers in creating a new proposal to present to the Biden administration.

Commissioner Rettig told the Senate Finance Committee that the value of the cryptocurrency market now tops $2 trillion.

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

Barry Melancon of the AICPA and Erik Asgeirsson of CPA.com review the successes of the Paycheck Protection Program, and how accountants should be thinking about the future to guide their clients out of the pandemic.

By creating a more efficient and strategic finance team and improving their access to data, AI helps them gain the ability to more closely manage and control money.

A GAO report finds that the regulations were burdensome for multinational companies, even though they saved through lower tax rates.

The Governmental Accounting Standards Board issued a proposal to improve the accounting and financial reporting requirements for state and local governments.

Better, more timely guidance from the IRS would do more to drive compliance, writes Alexis Leondis.

Uncertainty around coming tax changes and the coronavirus pandemic are making it harder for tax pros to plan.

Kruze Consulting does an after-action analysis of the results of its clients’ PPP decisions.

Revenues weren’t hit as hard as many expected, but the changes to the landscape of tax are still enormous, according to experts at Avalara’s Crush event.

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.

New legislation would equalize the tax breaks for different types of recreational vehicles, including travel trailers and campers.

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.