Effective tax accounting is a complex and high-stakes function. The accuracy of tax provisions is critical to financial reporting, yet vulnerabilities exist due to the reliance on spreadsheets and the ...

The qualified business income deduction, also known as QBI, is one of the most powerful deductions still on the books for ...

Experts warn startups that weak accounting and tax planning can hurt growth. CPAs say understanding cash flow, entity choice and new tax rules is essential.

In Rev. Proc. 2024-23, the IRS on Tuesday provided a comprehensive, updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently ...