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 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.
January 24 -
Tax pros who have begun working on their clients' returns are encountering a slight change in wording at the top of Form 1040.
January 24 -
The firm's worldwide revenues in 2022 reached $8.132 billion, increasing 15% this past year and 41.7% over the last three years.
January 24 -
The Big Four firm is partnering with the University of Northern Iowa to support a new hybrid learning program.
January 23 -
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.
January 23 -
The Internal Revenue Service pledged to improve taxpayer service this year.
January 23 -
A civil liberties group is taking the board to court for penalizing an unidentified auditor.
January 20 -
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.
January 19 -
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.
January 19 -
The service is increasingly relying on information provided by financial institutions to uncover tax-related crimes such as money laundering and drug trafficking.
January 18 -
The Internal Revenue Service could be doing more to detect and deter promoters of abusive tax schemes, according to a new report.
January 17 -
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.
January 17 -
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.
January 17 -
The deal will combine tax and accounting software aimed at tracking cryptocurrency and other digital assets.
January 17 -
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.
January 13 -
BPM LLP merges in O&S CPAs and Business Advisors; and JLK Rosenberger adds Mark F. Wille's CPA practice.
January 12 -
The Internal Revenue Service has scheduled the official date for the opening of filing season.
January 12 -
House Speaker Kevin McCarthy agreed as part of a deal with the Freedom Caucus to allow a vote on a bill levying a "Fair Tax."
January 12 -
The AICPA president and CEO also touched on the evolving CPA licensing model and recruiting difficulties in a wide-ranging speech.
January 11 -
Erin Collins released her annual report to Congress, acknowledging the "misery" endured by taxpayers and tax professionals last year.
January 11
