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Clients need to officially open for business before deducting any expenses as start-up costs, the Tax Court ruled in a recent case.

The IRS has expanded the transition period from 30 to 45 days to provide evidence to back up tax refund claims involving the research and experimentation credit.

The IRS will host a virtual roundtable on Jan. 26 to discuss the lifecycle of an earned income tax credit (EITC) claim.

The Office of Management and Budget has provided more clarity to practitioners who perform single audits related to two key federal pandemic relief programs.

The IRS has revised Form 1024, used by most types of organizations to apply for exempt status, to allow electronic filing.

With widespread resignations in nearly every industry, it is more important than ever for leaders to actively listen to their employees.

Keep clients informed of tax deadlines that apply to them so they are not surprised by IRS penalties or tax break opportunities.

The IRS is reminding employers and self-employed individuals who chose to defer paying their 2020 Social Security tax obligation that a payment is due on Jan. 3, 2022.

New concept statements from FASB address two important areas of financial reporting: financial statement elements and presentation.

By offering online content that is reliable, helpful and timely, accounting firms can attract potential clients who may need financial help down the line.