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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Slowly but surely, more private businesses are adopting the new standard as they face demands to put their operating leases on their balance sheets.
March 23 -
The service's Criminal Investigation unit investigated 975 tax and money laundering cases related to COVID-19 with fraud totaling $3.2 billion.
March 23 -
The Internal Revenue Service updated its frequently asked questions about the information return for reporting transactions involving payment cards and third-party networks.
March 22 -
The Top 25 Firm is expanding its entertainment management practice by adding Royalty Compliance Organization in St. Louis and Blue Sky Group in Nashville.
March 22 -
The board proposes modifying IFRS 9 to deal with assets with environmental, social and governance features, as well as electronic payment systems.
March 21 -
The proposed regs cover the advanced manufacturing credit in the CHIPS Act of 2022 to spur development of the U.S. semiconductor industry.
March 21 -
The service issued preliminary guidance and intends to issue more detailed guidance soon on the tax treatment of nonfungible tokens.
March 21 -
The organization is making plans for easing multinational companies and government tax authorities into its Pillar Two requirements.
March 20 -
The IRS did not meet a requirement under the Taxpayer First Act to create an online system for processing business transcript requests by January 2023, according to a new report.
March 15 -
The Big Four firm gave a clean audit opinion to Silicon Valley Bank's parent company and Signature Bank only weeks before they failed.
March 15 -
Investors and analysts had complained that the existing disclosures don't offer enough information.
March 15 -
The service provided some leeway on foreign income reporting requirements to people who needed to flee Ukraine, China, Belarus, Iraq, Ethiopia and Mali.
March 14 -
Chairman and CEO Alan Whitman stepped down abruptly from leading the Chicago-based firm after working there and a predecessor firm for 20 years and nearly seven years as CEO.
March 14 -
Businesses are using environmental credits, allowances and offsets to help meet greenhouse gas reduction targets, but the accounting rules around them are murky at best.
March 13 -
The new Internal Revenue Service commissioner, Danny Werfel, got right to work Monday only days after being confirmed by the Senate.
March 13 -
The board is marking a half century of service and received a special proclamation from the mayor of Norwalk, Connecticut, where it is based.
March 13 -
Internal audit leaders cited technology as the main driver of risk to their organizations, especially when it comes to cybersecurity, according to a new survey by the Institute of Internal Auditors.
March 13 -
The Big Four firm is pausing its plans to spin off its consulting side as a separate public company as it works to appease warring partner factions.
March 10 -
The jobs numbers beat analyst expectations, but the unemployment rate rose two-tenths of a point to 3.6%.
March 10 -
The department detailed the tax provisions in the Biden administration's newly released budget plans for fiscal year 2024 on Thursday.
March 9
