Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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The Senate Finance Committee held a hearing to discuss the Biden administration's recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.
March 21 -
Businesses will get help determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.
March 21 -
The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did.
March 21 -
The Public Company Accounting Oversight Board imposed a total of $150,000 in fines against three partners at KPMG's firm in mainland China for violating PCAOB standards and imposed sanctions on them.
March 20 -
A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes.
March 20 -
Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.
March 20 -
The Public Company Accounting Oversight Board sanctioned an Israeli auditor and her firm for violating the PCAOB's rules in several audits, imposing a $200,000 penalty.
March 19 -
The Internal Revenue Service hasn't fully updated its plans to use the tens of billions of dollars in additional funds provided by the Inflation Reduction Act, according to a new report.
March 19 -
A federal court has temporarily halted the Securities and Exchange Commission's climate-related disclosure rule in response to a lawsuit from a pair of fracking companies.
March 18 -
A growing number of CEOs have been attaining the CFO job, with a record number of them reaching the top rung at the biggest companies last year.
March 15 -
Private equity firm New Mountain Capital is taking a majority stake in Grant Thornton in the biggest deal to come along in PE firms' involvement in the accounting field.
March 15 -
The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.
March 14 -
Zach Donah, the new CEO of the Massachusetts Society of CPAs, has big plans for the organization.
March 14 -
A majority of audit committee members are eyeing cybersecurity as a top priority in the next 12 months, followed by enterprise risk management and talent.
March 14 -
The Praxity Alliance of independent accounting firms reported revenue of $9.7 billion in 2023, an 11% increase over 2022 at constant exchange rates.
March 13 -
Guy Ficco, the current deputy chief of IRS CI, will be the new chief, succeeding Jim Lee.
March 13 -
Criminals are exploiting networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement.
March 12 -
Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.
March 12 -
The pilot program is expanding in the 12 states where it's available.
March 12 -
The Creating Hospitality Economic Enhancement for Restaurants and Servers would provide a tax deduction for bars, restaurants and entertainment venues with draft beer systems.
March 11
