Accounting & Tax

In his Tax Tips column, Sidney Kess takes a comprehensive look at the Inflation Reduction Act of 2022—a "massive measure" intended to reduce inflation and lower the deficit.

How to account for right-sizing a corporate real estate portfolio in today's changing business environment.

In the Senate, two Democrats remain holdouts, and businesses have not signed on to the idea as Treasury expected them to.

In offering certain perks or covering expenses, employers must follow new tax regulations that finance leaders may not know about.

New IMF estimate suggests the proposed 15% minimum tax would result in governments worldwide collecting a total of about 5.7% more from corporates—or roughly $150 billion.

While Treasury Secretary Yellen expects businesses to back the push for a global minimum tax, the U.S. Chamber of Commerce worries some still-ambiguous elements may disadvantage U.S. businesses.

The 15% corporate minimum tax proposed by Janet Yellen is unlikely to pass in the U.S. if it doesn't become law before this November's midterm elections.

The company can't offer investors an alternative, non-GAAP accounting that removes bitcoin volatility from its income statement.