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 proposed update aims to improve the accounting and disclosures for investments in tax credit structures.
August 22 -
The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.
August 19 -
There were signs of improvement in terms of audit engagements and quality control systems.
August 19 -
The research and development tax credit for startup businesses is going from $250,000 to $500,000 per year.
August 18 -
A majority stake in the wealth management unit of the accounting firm is being bought by a registered investment advisory firm.
August 18 -
Commissioner Rettig is promising not to use the nearly $80 billion his agency will be receiving to increase audits of small businesses or taxpayers who earn less than $400,000.
August 17 -
The board sanctioned the Big Four firm's member firm in South Korea and two of its former auditors for violating quality standards.
August 17 -
The Alexandria, Virginia-based firm is expanding in Richmond with the deal.
August 16 -
The effective date of final regulations on foreign currency used by multinational companies' qualified business units is being postponed for another year.
August 16 -
The International Federation of Accountants unveiled a web page that presents reports, documents, case studies and other materials.
August 16 -
The board aims to modernize standards, enhance inspections, strengthen enforcement and improve organizational effectiveness.
August 16 -
Gary Gensler has been encouraging the PCAOB to update more of the standards to take into account the way firms are working today.
August 15 -
The provisions are likely to change the tax planning used by the largest companies and their accounting firms.
August 15 -
Republicans and Democrats have been sparring over whether the extra funding will be used to audit low-income and middle-class taxpayers.
August 12 -
Lesser known provisions may lead to a kind of tax on carbon dioxide and methane emissions for the first time in the U.S.
August 11 -
Accountants have been helping their clients deal with the tax and financial implications of marijuana and CBD businesses.
August 11 -
The institute wants the Internal Revenue Service to address 'plummeting' service levels on its so-called Practitioner Priority Service and make fixes.
August 10 -
The Internal Revenue Service is searching for a new deputy chief of its Independent Office of Appeals to help manage and develop the office.
August 10 -
Companies can get a "reasonable" level of assurance on their internal controls.
August 10 -
The wording has changed from "virtual currencies" to "digital assets" in general, and there are other changes too.
August 9
