Tax bill drops FIFO rule that could raise taxes on stock sales
Investors have dodged a rule change that could have raised their tax bills when they sell stock.
Half of Americans think they’ll pay more under GOP tax plan
Half the public thinks they’ll pay higher taxes under the Republican overhaul making its way through Congress in a new Monmouth University poll, underscoring the difficulty the party faces in selling what would be President Donald Trump’s biggest legislative victory to date.
5 year-end tax tips to share with small business owners
The last few weeks of the year can be a stressful time both personally and professionally for everyone, including small business owners preparing for both the New Year and the tax year. This is especially so in a year when there is so much lingering uncertainty around federal regulations and the tax code.
Art of Accounting: Increasing fees for next year
“Tis the season for fee increases” is a song I hum every year in late December. This has always been a good time for me to review the year and fee structure with clients.
It took five decades to build Steinhoff. It cratered in two days from accounting scandal
It looked like Steinhoff International Holdings NV had reached escape velocity from South Africa’s deepening economic gloom: A furniture retailer emulating Ikea’s model and global ambitions, built by men with their own compelling rags-to-riches stories.
Solar, wind face stealth tax problems from Republican compromise
A deal meant to preserve a key source of financing for wind and solar developers in the Republican tax bill contains some hidden pitfalls that could undercut its benefit.
Tax bill adds $448B to deficit, right-leaning group says
The final Republican tax bill set for a House vote Tuesday would add $448 billion to federal deficits over 10 years with economic growth factored in, the right-of-center Tax Foundation said Monday.
Trump says U.S. economy to ‘rock’ as GOP races to tax-cut finish
President Donald Trump predicted the U.S. economy is “going to start to rock” when the Republican rewrite of the U.S. tax code is complete after a six-week sprint.
House and Senate poised to approve final tax bill by Wednesday
This week marks the last leg of Republicans’ push to revamp the U.S. tax code, with both the House and Senate planning to vote by Wednesday on final legislation before sending it to President Donald Trump.
GOP tax plan’s uneven benefits miss the mark on Trump’s promises
The Republican tax bill that’s on the brink of passage would vault America’s corporate tax rate into a much more competitive position globally and deliver temporary tax cuts to a broad range of people.