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 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 -
The board asked for input on a proposal for a sustainability reporting framework, echoing recent moves in the private sector.
May 12 -
Two North Carolina firms are combining, effective June 1.
May 12 -
CEOs who prefer risky sports hobbies are more likely to take a risky approach to their company’s tax planning, according to a new study published by the American Accounting Association.
May 11 -
Deloitte has created a DEI Institute, an initiative aimed at advancing diversity, equity and inclusion through research, collaboration and events focusing on emerging DEI trends and issues.
May 11 -
A group of tax enforcement leaders from five countries are collaborating on ways to investigate the use of nonfungible tokens and decentralized finance exchanges by tax criminals.
May 10 -
The board named the members the Investor Advisory Group and the Standards and Emerging Issues Advisory Group, and scheduled their initial meeting dates.
May 9 -
The Federal Accounting Standards Advisory Board is looking for feedback on an exposure draft of a proposed set of technical clarifications and amendments on lease accounting for the federal government.
May 9 -
The Securities and Exchange Commission extended the comment period Monday for approximately a month on its proposed rules for climate-related disclosures, giving commenters until June 17, 2022 to send in their feedback.
May 9 -
The board issued guidance Monday to address different accounting and financial reporting issues it identified.
May 9 -
The service decided to destroy the documents in March 2021 because of its inability to process its backlog of paper tax returns, according to a new report.
May 9 -
The accounting profession is undergoing a reexamination of its efforts to address the lack of diversity, not only in the U.S. but in other parts of the world.
May 6 -
Over 30,000 extra taxpayers may now qualify because of a provision of the American Rescue Plan Act that expanded eligibility.
May 6 -
The service faces challenges that are holding back efforts to process both last year’s and this year’s tax returns, according to a new report.
May 5 -
A great many organizations that received stimulus funding during the pandemic are now finding themselves facing unexpected audit requirements.
May 5 -
The Top 5 Firm is acquiring a Harrisburg, Pennsylvania-based marketing firm.
May 5
