Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.

President Trump and his Republican allies in Congress aim to extend the expiring provisions of the Tax Cuts and Jobs Act. But they'll need to fill in a lot of details first.

The Institute is urging the Treasury to suspend and remove final regulations labeling some partnership related-party transactions as "transactions of interest."

The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.

President Trump's proposals to expand breaks to end taxes on tips, overtime and Social Security, once considered wishful thinking, are gaining momentum despite the costs.

The usual March 1 deadline for farmers and fishers has been pushed to March 3, or further, for those impacted by natural disasters.

The update aims to balance the needs of users of small and midsized entities' financial statements with resources available to SMEs. 

Helping business owners understand the flood of accounting and financial data they face is a major opportunity for accountants.

The Public Company Accounting Oversight Board sanctioned Natalie Murphy, a former partner at Heaton & Company, for violating rules and standards.

A diverse range of financial investments and assets adds another layer of complexity for accountants working with family offices.

House Speaker Mike Johnson, aided by a flurry of last-minute phone calls Trump had with wavering Republicans, overcame resistance from fiscal conservatives.

One of the biggest issuers in the municipal-bond market warns it may need to scale back its borrowing plans if federal lawmakers eliminate the tax-exemption.

Treasury Secretary Scott Bessent and congressional leaders will begin meeting weekly as Republicans look to shape a tax cut package with a year-end deadline.

President Donald Trump expressed optimism about negotiations in Congress to push forward his agenda on taxes and immigration.

Cruise operators may yet avoid paying more corporate taxes despite threats from the U.S. Commerce Secretary to close favorable loopholes.

Trump signed an executive order undertaking a massive regulatory review to fulfill his campaign pledge of eliminating rules stifling businesses and innovation.

President Trump intervened in the ongoing budget conflict between House and Senate Republicans just before a key congressional vote.

The pace of natural disasters seems to be accelerating, prompting taxpayers and preparers to search for ways to deduct catastrophic losses.

The order called for agencies including the SEC and the FTC to submit draft regulations for White House review before publication.

The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the Internal Revenue Service.