Small business

The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.

With a little bit of data analysis, accountants can help small businesses develop more profitable approaches.

For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.

The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations.

The job numbers were boosted by employment in professional and business services.

The tight labor market prompted wage increases to accelerate at the end of the year.

The Internal Revenue Service issued final regulations last week on opportunity zone funds, but while they answer some of the questions, many other issues remain that are likely to prompt questions from tax clients.

The middle market pursues growth through technology, better banking for small businesses, and seven other things that happened this past month.