Michael Cohn

Sens. Ben Cardin, a Democrat, and Tim Scott, a Republican, introduced bipartisan legislation to offer tax credits for tips to beauty services providers.

Accountants are gaining a bit more confidence in the global economy, especially in North America and Western Europe, but uncertainties linger.

The service unveiled a long-awaited online portal where businesses will be able to file their 1099 information returns for free.

PKF O'Connor Davies merged in Archambault & Associates; and Hood & Strong added Cohen Anderson CPAs.

The International Auditing and Assurance Standards Board is asking for feedback on a new section of a proposed auditing standard that would cover group audits of less complex entities.

The bill would provide tax relief to businesses that applied for the SBA's Restaurant Revitalization Fund, but didn't receive a grant because the program ran out of money.

Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.

The firm's worldwide revenues in 2022 reached $8.132 billion, increasing 15% this past year and 41.7% over the last three years.

The Big Four firm is partnering with the University of Northern Iowa to support a new hybrid learning program.

A chief counsel memo says taxpayers who want to claim tax deductions for donating cryptocurrency need to first receive a "qualified appraisal" if the amount exceeds $5,000.

The Internal Revenue Service pledged to improve taxpayer service this year.

A civil liberties group is taking the board to court for penalizing an unidentified auditor.

The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.

A recent report from the IMA looked at the finance function's readiness to meet accelerating demands from the SEC and elsewhere for climate risk information.

The service is increasingly relying on information provided by financial institutions to uncover tax-related crimes such as money laundering and drug trafficking.

The Internal Revenue Service could be doing more to detect and deter promoters of abusive tax schemes, according to a new report.

The Internal Revenue Service is in the process of revising dozens of tax forms and developing tax regulations to implement the Inflation Reduction Act, according to a new report.

Private companies in the U.S. are still adjusting to the standard that took effect last year, as international standard-setters are proposing new rules for the public sector.

The deal will combine tax and accounting software aimed at tracking cryptocurrency and other digital assets.

The average effective tax rate of profitable large corporations fell from 16% in 2014 to 9% in 2018 after passage of the Tax Cuts and Jobs Act of 2017.