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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KPMG’s U.S. and Canadian firms debuted a hub where employees, clients and communities will be able connect during virtual meetings.
June 22 -
NTA Erin Collins expressed concern Wednesday about continuing delays by the service in processing tax returns filed on paper last year.
June 22 -
The board adopted a set of amendments to strengthen the rules that apply to audits involving multiple audit firms.
June 21 -
The service said that as of June 10, it had processed more than 4.5 million of the more than 4.7 million individual paper returns received in 2021.
June 21 -
CliftonLarsonAllen, a Top 10 Firm, has expanded in Nashville by adding Price CPAs.
June 21 -
The Kentucky firm is expanding its presence in Indiana.
June 20 -
The Internal Revenue Service, facing criticism over long hold times and disconnects when taxpayers try to reach its offices, is adding more options for callers to reach automated voice bots that can respond to their requests sooner.
June 17 -
EisnerAmper, a Top 20 Firm based in New York, is adding Raich Ende Malter & Co. a Top 80 Firm, also based in the city, with the deal expected to close this summer.
June 17 -
The Sustainability Accounting Standards Board held its final public meeting Wednesday ahead of the consolidation of its parent organization, the Value Reporting Foundation, into the International Sustainability Standards Board by the end of June.
June 16 -
The board has decided to set aside a long-running project that would have required companies to amortize goodwill on a straight-line basis over 10 to 25 years.
June 16 -
A congressional appropriations committee wants to give the Internal Revenue Service $1 billion more in funding to improve taxpayer service and technology and make the overall tax system fairer.
June 16 -
The Governmental Accounting Standards Board released new guidance to provide a unified accounting treatment for compensated absences of state and local government employees and simplify the disclosure work.
June 16 -
Ernst & Young plans to invest $1 billion in next-generation assurance technology for its audit teams around the world to leverage as part of an overall $2.5 billion four-year commitment.
June 16 -
Rep. Don Beyer, D-Virginia, introduced a bill to impose a 1,000% excise tax on manufacturers, importers or producers of assault weapons and high-capacity magazines in the wake of a string of mass shootings across the country.
June 15 -
Business executives who assume their companies are highly trusted by consumers are overestimating their level of trust, according to a new PwC survey.
June 15 -
The 2018 case prompted many states to begin requiring remote sellers to collect sales taxes, but with inflation at a 40-year high, some are offering sales tax holidays and other relief.
June 14 -
At its annual conference this week, the IMA put a spotlight on how accountants are dealing with challenges like inflation and supply chain shortages.
June 14 -
The Financial Accounting Standards Board is asking its stakeholders to provide feedback on whether it should work on a new standard to account for government grants while building on an existing international standard.
June 13 -
The two Top 50 Firms are joining together in a mega-merger to form Elliott Penn LLP, accounting for approximately $400 million in revenue when the transaction closes Nov. 1.
June 13 -
The board released guidance Monday to improve the accounting and financial reporting requirements for state and local governments.
June 13
