Michael Cohn

Businesses are likely to see more sales tax audits in 2024 as a result of changes happening across the states, according to a new report.

The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.

Global fee income for accounting and audit services increased 15% to $3.6 billion, while RSM's tax revenues jumped 17% to $2.6 billion.

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

The Internal Revenue Service unveiled a Simple Notice initiative Tuesday to review, redesign and deploy hundreds of its notices, starting with the most common ones.

MahoneySabol merged in Giamalis; and Wagner, Duys & Wood combined with Kaplan Company to form Wagner, Kaplan, Duys & Wood, LLP.

The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations.

The Institute of Management Accountants is aiming to help businesses find more accounting talent in 2024, as demand for young people to succeed retiring accountants continues to grow, and organizations look for ways to incorporate artificial intelligence and sustainability into their operations.

The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.

The American Institute of CPAs is asking to modify the guidance on catch-up contributions in the wake of the SECURE 2.0 Act of 2022.

Companies and state tax authorities are embroiled in court cases that could have a major impact on how states handle taxes on digital advertising, online sales and transfer pricing.

A limited number of tax-exempt organizations won't be able to electronically file their income tax returns until the middle of March due to technology upgrades.

The fast-growing international network formed by former partners from Arthur Andersen has expanded to San Diego.

Economic confidence among accountants in North America rebounded dramatically in the fourth quarter of 2023, but that didn't happen in most other parts of the world.

Proponents of affordable housing are hearted by provisions related to the Low-Income Housing Tax Credit, saying they could result in financing over 20,000 homes.

Citrin Cooperman, a Top 25 Firm in New York, has acquired Mibar, a business software consulting firm also located in New York.

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs.

The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.

The Connecticut-based financial advisory firm has added a CPA firm, as well as a registered investment advisory firm.