Employees cannot deduct most business-related expenses because they are miscellaneous itemized deductions subject to the 2%-of-adjusted gross income (AGI) floor and this write off has been suspended through 2025. But some business expenses of employees remain deductible. Keep these in mind. 1. IRAs You need earned income—from a job or self-employment—to make contributions to an IRA. [...]

The Trump administration is mulling the possibility of temporarily cutting Social Security and Medicare taxes as a way to spur the economy.

The guidance helps with determining the fair market value of companies in an investment portfolios.

Many firms that have active mentoring programs do not provide the appropriate mentors.

Liability insurance experts Deb Rood and Stan Sterna share major emerging malpractice and liability concerns for accountants.

An American Institute of CPAs survey also found that a majority of young job seekers value autonomy over job security.

The deal expands the firm's footprint in New York City.

These tips can help keep a CPA firm merger alive.

Outdated processes are leading to too much error in company financial data. The accounting profession is positioned to fix this.

You may be thinking of buying or leasing a new vehicle for 2019. Or you may drive your new or existing car or truck for business or other purposes. Here are 5 things to know about the tax rules that affect these actions. 1. Business driving may or may not be deductible It depends on whether [...]

The American Institute of CPAs’ Financial Reporting Executive Committee is offering some advice on issues related to the new credit losses standard.

The Top 100 Firm based in San Francisco has expanded in the Seattle area by adding a firm based in Bellevue, Washington.

A deadline is looming to maximize the stepped-up basis afforded to realized capital gains invested in qualified opportunity zone properties and businesses.

The AICPA's “2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits" breaks down the profession as it enters a new decade.

The solution is part of the firm's 'Tax in 2020' strategy to transform tax digitally for it global clients.

IRS selects income tax and accounting chief counsel; Boyer & Ritter elects pair of principal-owners; and more personnel news.

AICPA recognizes professors, students with industry awards; Rehmann relocates to downtown Detroit; and more CPA news.

Everyone struggles with data, Airbnb for business travelers, and eight other technology developments from the past month.

The prevalence of fraud in modern corporations is astounding when one considers the architecture that is in place to eliminate it.

The federal government is collecting billions of dollars less than it could because of resource shortages at the tax agency, according to a new study.