President Trump and GOP House Speaker Paul D. Ryan (Wis.) won a major victory as the House passed the tax bill Thursday, the central piece of the Republican plan to boost the U.S. economy. No Democrats voted for the bill. Ryan could lose 22 GOP votes, but in the end, he only lost 13.

A DEMONSTRATION FROM MANAGERIAL FINANCE Example Co. is privately held and has financing from a bank loan. As a condition of the loan, the lender requires that Example Co. maintain an interest coverage ratio, defined as earnings before interest and taxes (EBIT) divided by interest expense, of 1.5. While Example Co. is financially sound and expects to be profitable, its profits face two major sources of uncertainty. First, revenues fluctuate due to variations in product mix and sales volume.

How to look, where to look and what to look for after working with one. or some taxpayers, it's a familiar tale. Somewhere during those first four months of every year, you do your taxes in a haphazard fashion, or you look for someone to prepare your taxes, and because you've waited until the last minute, you find someone in a hurry to do them. Every April, as you pay your preparer and Uncle Sam, you vow: Next year, I'm finding a good tax accountant.

The recent string of devastating hurricanes and wildfires in the U.S. and its territories has prompted questions about financial reporting by companies striving to recover from natural disasters while wrestling with their insurance companies over damage claims.

President Donald Trump said Tuesday congressional Republicans would take another shot at repealing and replacing the nation's health care law after they passed tax cuts, presumably extending the Obamacare debate into 2018.

WASHINGTON — The International Monetary Fund delivered a blunt warning to international policy makers ahead of the fund’s annual meeting this week: Governments risk undermining global economic growth by cutting taxes on the wealthy.

Democrats on Wednesday slammed President Donald Trump's tax reform plan, calling it "morally repugnant," suggesting there would be little to no cross aisle support for the initial outline of the plan. President Donald Trump's plan would reduce the number of personal income tax brackets and overhaul business taxes, lower the corporate tax rate from 35% to 20%, reduce the pass-through tax rate from almost 40% to 25%, and "streamline" business tax breaks.

There's understandable caution about the prospects of successful tax legislation after Republican lawmakers failed to repeal the Affordable Care Act. 

The sweeping tax rewrite unveiled by President Trump and Republican lawmakers this past week leaves many of the details to Congress, but two sentences in the nine-page framework have Washington lobbyists salivating over a payday that some industry experts predict could top $1 billion.

WASHINGTON — The Senate Budget Committee unveiled a 2018 budget blueprint on Friday that would open the door for a $1.5 trillion tax cut, even as an independent analysis concluded that the plan as offered would far exceed that price tag and overwhelmingly benefit corporations and the rich. The budget resolution could also pave the way to opening the Arctic National Wildlife Refuge in Alaska to oil drilling, a hot-button Republican proposal that has languished for decades.