Small business

The Internal Revenue Service needs to do more to prevent inactive Employer Identification Numbers from being used to commit business identity theft and tax fraud, according to a new government report.

Many smaller firms can’t capitalize on the opportunities that may be in front of them because their leadership and corporate governance aren’t properly aligned.

With the passage of the sweeping tax overhaul, small businesses and entrepreneurs are scrambling to understand how the changes will affect them.

If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance.

Every company seeks effective ways to reduce their overall tax liabilities.

The private sector added a robust 234,000 jobs in January as wages increased, according to payroll giant ADP, on the heels of the passage of the Tax Cuts and Jobs Act and minimum wage hikes in some states and cities.

Employment and wage growth at small businesses grew this month, according to payroll giant Paychex.

The first few months of 2018 are a critical time for tax, legal and accounting advisors to speak with business clients regarding how the new tax law will affect their cash flow.