Let’s talk about the so-called “Self Employment Tax Credit.” According to IRS officials, this is a complete fabrication. There is no such credit in the ...

The chance of being audited is relatively small for employees who haven’t bought or sold property or claimed capital losses ...

A reliance on nonautomated and paper-intensive document submission processes at the Guam Customs and Quarantine Agency kept ...

Philippine businesses are also bracing for other issues, like the increasing audit efforts of the Bureau of Customs. In 2024, the BoC’s Post Clearance Audit Group (PCAG) generated P2.710 billion ...

IndusInd Bank has appointed EY to conduct a forensic audit into a ₹600 crore discrepancy related to interest income in its ...

A frequent misconception among business owners is that taxes are a once-a-year obligation. In reality, tax planning requires ...

Agentic AI is transforming accounting by automating complex tasks and decision-making. How will this change the profession?

The IRS has identified certain audit triggers, particularly concerning ... Failure to do so can result in adjustments to the tax return, penalties, or more severe consequences.

Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, has released its sixth ...

Increasing tariffs and global trade uncertainty may have significant financial reporting effects for entities. There are ...

With the help of generous corporate tax breaks, the state of Virginia has built up a data center industry that’s the envy of ...