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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Finance ministers and central bank governors are asking the new board to go beyond climate change disclosures to set standards in other areas related to nature and social issues.
May 20 -
Corporate tax rates in major economies around the world have fallen to an average of just 25.1% this year, according to a study from UHY.
May 20 -
As inflation and interest rates spiral upward, the service is increasing its interest rates for the third quarter of the year.
May 20 -
Over one-fourth of the nearly 1,700 cases were violations that usually led to employees being suspended, fired or resigning.
May 19 -
A pair of congressional Democrats want to see a rule finalized that would open up greater access for families to claim premium tax credits for health insurance.
May 19 -
CFOs will increasingly turn to cost reductions, not just price increases, if above-average inflation continues, according to a Gartner survey.
May 19 -
The board described some broad steps Wednesday to achieve the baseline by the end of the year.
May 18 -
The committee is looking for a new chairperson as its current chair, Paul Sobel, plans to depart at the end of the year.
May 18 -
The service is being asked to provide more information about the race, ethnicity and sex of taxpayers but is facing legal restrictions, according to a new report.
May 18 -
Congress gave billions of dollars in tax credits to employers, but now the IRS needs to step up its compliance efforts, according to a GAO report.
May 17 -
The Top 10 Firm is taking steps to improve its audits, including hiring a former official from the PCAOB and creating an Audit Quality Advisory Council.
May 17 -
The Internal Revenue Service has been auditing fewer taxpayers since 2010, according to a new report, but audit rates have been plunging the most for higher-income taxpayers.
May 17 -
Baker Tilly acquires Bader Martin; Aprio merges in RINA Accountants & Advisors; and Postlethwaite & Netterville adds RBM.
May 17 -
The International Public Sector Accounting Standards Board issued a consultation paper on natural resources on Monday to consider various issues relating to recognition, measurement and presentation of natural resources by public sector entities.
May 16 -
Student athletes who are now allowed to score lucrative endorsement deals for their name, image and likeness may well encounter surprise tax bills.
May 16 -
The service is coming under criticism for destroying an estimated 30 million paper-filed information returns, with one lawmaker even calling for the IRS commissioner to be replaced immediately.
May 13 -
The board voted to add a project to improve the accounting for and disclosure of certain digital assets, such as cryptocurrency.
May 13 -
Employees at accounting firms and other types of businesses are continuing to work remotely, or coming into the office less, as the COVID-19 pandemic continues with the emergence of new and more transmissible Omicron subvariants.
May 13 -
Sens. Ron Wyden and Rob Portman proposed bipartisan legislation to disallow foreign tax credits and other tax benefits for companies that pay taxes to Russia or Belarus.
May 12 -
Educators aren’t fully meeting the needs of students or employers when it comes to teaching accountants and finance professionals, according to a new international analysis from the Association of Chartered Certified Accountants.
May 12
