Not only does the cost of demolition increase the value of the land, but also the remaining basis of the building must be added to the land value at the time of demolition.

Businesses are tweaking their cash flow and accruals to lower their interest rates on borrowing.

The deferral may not be available to executives, highly compensated officers and those owning 1 percent or more of a corporation’s stock.

There has been a lot of confusion about which businesses will qualify for the pass-through deduction and other tax breaks.

Companies are expanding their budgets to accommodate the new leasing standard, according to a new survey by Ernst & Young.

The new accounting standard will have a varying impact on financial institutions.

Practitioners share why communication is critical amid the uncertainty of the TCJA.

The American Institute of CPAs’ Auditing Standards Board voted to issue a long-awaited standard on audits of financial statements of employee benefit plans, although it is still awaiting some details before the standard takes effect.

Here are some of the most important 2018 year-end tax-planning considerations for individual clients from Grant Thornton.

Their verdict: This creation of the Tax Cuts and Jobs Act offers significant benefits to investors.

The Securities and Exchange Commission has been taking a close look at how Amazon.com has been adhering to the new revenue recognition standard, particularly with regard to its Amazon Prime revenue, and Amazon has been pushing back in response to the SEC’s comment letters.

As tax pros look more and more at the details of Qualified Opportunity Zones, they're getting more and more interested.

Parsing the rules arond depreciation law can be confusing and tricky.

Tax preparers are bracing for a once-in-a-generation filing season.

U.S. companies won some concessions from the Internal Revenue Service following proposed regulations that would soften the blow of a new foreign tax — but the rules didn’t go as far as the business community had hoped.

Major changes in last year’s tax overhaul include the so-called GILTI provisions, and the IRS has issued proposed regulations for them.

The Tax Cuts and Jobs Act that Congress passed last December produced some winners and some losers among different categories of taxpayers.

House Ways and Means Committee Chairman Kevin Brady has given up on an additional round of tax cuts. Now, the only tax item he might be able to get passed this year is something he hates: the annual renewal of prized industry tax breaks.

A legislative repeal of the credit could actually end up giving GM a better competitive position.

The Governmental Accounting Standards Board proposed implementation guidance Tuesday to help explain some of its pronouncements.