The Federal Accounting Standards Advisory Board has issued an interpretation of some recent standards involving cost provisions among multiple entities who are liable for cleanup costs.

The White House has been considering a move that would largely benefit the wealthy.

As President Trump’s advisers cast about for ways to juice the economy, temporarily trimming payroll taxes has fallen out of favor, and with good reason: Voters might not even notice it.

Economic indicators increasingly point to a potential downturn.

The Trump administration is mulling the possibility of temporarily cutting Social Security and Medicare taxes as a way to spur the economy.

The American Institute of CPAs’ Financial Reporting Executive Committee is offering some advice on issues related to the new credit losses standard.

A deadline is looming to maximize the stepped-up basis afforded to realized capital gains invested in qualified opportunity zone properties and businesses.

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments.

The board wants to give private companies, nonprofits, and certain small public companies extra time to implement new standards on CECL, leases and hedging.

General Electric shares plunged after a prominent whistle-blower working with a short-seller accused the company of masking financial problems.

The leaders of the Senate Finance Committee issued three summary reports from their internal task forces examining what to do about the perennial problem of temporary tax breaks that need to be extended every few years.

Auditing firms that tend to find material weaknesses in companies’ internal controls are seen as less attractive in the audit market, according to a new study.

Both public and private companies are underestimating the challenges of transitioning to the new lease accounting standard, according to a new survey.

The Trump administration’s tax cuts have had little direct impact on business investment decisions, according to an analysis by the International Monetary Fund.

Accountants may see some of their business clients getting caught up this summer in IRS activities to enforce the Affordable Care Act.

French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16.

There are some powerful ways to help your clients defer gains and help communities.

Private companies, nonprofits and some smaller public companies will get some extra time to get ready for major accounting standards, under a recent proposal.

Taxpayers can make a late election, or revoke an earlier election, for the tax break for property they have acquired for a business.