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'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 -
The Internal Revenue Service added new information to its FAQ page on the tax rules surrounding the use of coronavirus funds for mortgage insurance and home purchases.
September 30 -
The service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit.
September 30 -
The Top 10 Firm was penalized for improper professional conduct for failing to properly audit a client.
September 30 -
The Top 10 Firm reported Thursday that its U.S. revenue for the fiscal year ending July 31, 2022, rose nearly 17% to reach a record of $2.3 billion.
September 29 -
The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.
September 29 -
Deloitte's member firm in China agreed to pay a $20 million penalty to settle charges with the Securities and Exchange Commission that the firm asked its audit clients to do their own auditing work.
September 29 -
The Top 10 Firm is expanding its corporate tax practice.
September 29 -
The Top 40 Firm is continuing to expand its footprint in Florida by adding an Orlando location.
September 29 -
The vast majority of advance payments of the CTC went to eligible families, but millions of taxpayers who should have received the money did not, while millions of others who didn't qualify got them.
September 28 -
A group of Republicans on Congress' main tax committees sent a letter to the Internal Revenue Service and the Treasury, backing a request from the AICPA.
September 28
