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Republican Senator Dave McCormick predicted a higher tax rate on millionaires won’t fly with the GOP-controlled Congress, throwing cold water on a proposal gaining support in...
U.S. homeowners saw their property taxes rise more slowly last year compared with 2023, while the number of counties where the average bill tops $10,000 continued...
Harvard University pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would...
The Trump administration is reportedly making plans to shut down the Internal Revenue Service’s Direct File free tax prep system next year. The Associated Press reported...
Electing to establish an S corporation could unlock the tax benefits enjoyed by millions of small business owners — as long as financial advisors and clients...
The Financial Accounting Foundation released its annual report Wednesday, offering an overview of its activities in 2024, especially at the two standard-setters it oversees, the Financial...
The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report. The report, released Wednesday...
The accounting profession, like many others, is experiencing a demographic shift. Millennials and Gen Z are increasingly populating the workplace, bringing different expectations, work styles and...
Gary Shapley, a former special agent in the Internal Revenue Service’s Criminal Investigation division who investigated Hunter Biden’s taxes and testified before Congress about interference, will...
One of the attractive features of doing business through a limited liability company is the protection it gives from personal liability — but that is not...
