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 Internal Revenue Service issued guidance on how taxpayers should report the special tax payments, refunds and rebates they received from states in recent years as a form of relief during the pandemic.
August 30 -
The Internal Revenue Service is telling companies they will need to start electronically filing their forms reporting cash payments over $10,000, starting Jan. 1, 2024.
August 30 -
The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.
August 30 -
Whitman Transition Advisors made a strategic investment of an undisclosed amount in Tax Titans, a veteran-owned company that operates an online marketplace connecting small businesses and qualified tax professionals.
August 30 -
Annual pay climbed 5.9%, payroll processor ADP reported.
August 30 -
Nearly 500 service employees worked at large firms or big companies either before, during or after they worked at the IRS, according to a new report.
August 29 -
These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.
August 29 -
Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.
August 29 -
The rate of growth for hiring and hourly earnings stabilized this month, according to Paychex.
August 29 -
The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.
August 29 -
The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.
August 28 -
Accounting firms have been facing problems in filling their open positions as the number of new accountants declines, and one solution may involve rehiring past employees.
August 28 -
Dozens of firms have signed onto an initiative to stop underselling the worth of accountants and collect payments on time from clients.
August 28 -
The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.
August 25 -
Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.
August 25 -
Employees weren't always following the rules when it came to talking to taxpayers instead of representatives like accountants and attorneys.
August 24 -
At the Illinois CPA Society's annual summit, a deep dive into how the profession needs to revamp and revitalize its appeal to potential accountants.
August 24 -
The institute sent comment letters requesting changes in two forms used to report on foreign trusts, and guidance on energy credits and advanced manufacturing investment credits.
August 24 -
The Securities and Exchange Commission adopted new rules and amendments aimed at tightening the regulation of private fund advisors.
August 23 -
The board finalized a new standard aimed at providing more useful information on a venture's financial statements and curbing differences in reporting practice.
August 23
