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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With inflation still running high, companies are looking for advice from the accountants about how to cope with rising costs.
October 14 -
The Internal Revenue Service is sending out letters this week to more than 9 million potentially eligible families who didn't previously claim economic impact payments or tax credits.
October 13 -
Benefits will be going up the most in 40 years as part of the annual cost of living adjustment in response to inflation.
October 13 -
The board has decided to require companies to measure cryptocurrency assets at fair value.
October 13 -
More companies are disclosing financial information related to climate change this year, but the disclosures are falling short of recommendations from regulators.
October 13 -
The Treasury Department and the Internal Revenue Service issued final regulations to eliminate a so-called "family glitch" in qualifying for premium tax credits.
October 12 -
The service posted drafts of the upcoming Schedule UTP form and instructions in an effort to improve the forms' usefulness.
October 12 -
The Organization for Economic Cooperation and Development introduced a framework this week for the automatic exchange of information between countries on crypto-assets, in response to a request from the G20 financial leaders.
October 12 -
The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects.
October 12 -
Thomas has been leading the state society since 1999.
October 12 -
The Internal Revenue Service's streamlined application process for tax-exempt status could be allowing corrupt charities to claim exemptions before the IRS has enough information.
October 6 -
The Criminal Investigation unit in Mexico City helped locate 79 criminals in Mexico, Belize, El Salvador, Guatemala and Honduras in the past fiscal year.
October 6 -
The board is proposing to require companies to disclose more detailed information about the different segments of their business.
October 6 -
The 15% minimum tax in the legislation passed by Congress shouldn't be confused with the one that the Treasury has been encouraging countries to approve.
October 4 -
The board released an alert from its staff on ethics and independence considerations for accountants during the current conflict between Russia and Ukraine.
October 4 -
Hourly earnings growth at small businesses declined to its lowest level since over a year ago, while hiring also slowed, according to a report from Paychex.
October 4 -
The Internal Revenue Service is updating its login procedures for several of its online applications to improve their security.
October 3 -
Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.
October 3 -
The Institute of Management Accountants introduced two new education programs for sustainable business practices and diversity, equity and inclusion.
October 3 -
The Internal Revenue Service issued its annual notice providing rates for taxpayers to use in substantiating the amount of ordinary and necessary expenses they've incurred while away from home.
September 30
