Michael Cohn

After coming under pressure from an array of tax and accounting professional associations and hundreds of members of Congress, the Internal Revenue Service said Thursday it would suspend issuance of some of its automated penalty notices to taxpayers, but tax and accounting groups say the agency isn’t providing enough relief.

The American Institute of CPAs has updated its practice aid for accounting and auditing of digital assets, with added material on cryptocurrency.

CEOs are turning their attention away from the pandemic to fighting inflation, according to a survey by PwC.

IASB vice-chair Sue Lloyd will become vice-chair of the new board, while Value Reporting Foundation CEO Janine Guillot will be special advisor to the ISSB's chair.

Eelco van der Enden is planning to work with the nascent board, while maintaining GRI’s independence.

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information.

The to-do list for corporate audit committees keeps expanding, with members taking on new responsibilities in overseeing cybersecurity, ethics and risk management, according to a new poll.

Schellman & Co., a Top 100 Firm based in Tampa, Florida, is expanding its cryptocurrency audit services by acquiring the firm of Scott S. Perry, CPA PLLC, based in Bellevue, Washington.

A revamped version of the ChildTaxCredit.gov site adds new features to help with filing taxes and accessing the full amount of unpaid credits.

The service faces a backlog of millions of unprocessed tax returns, and warned taxpayers and preparers to be patient.

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early.

Bill.com CEO René Lacerte has been growing his company with recent acquisitions that have been adding spend management and accounts receivable capabilities, with more deals perhaps on the way.

The Internal Revenue Service has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to a third-party service, ID.me.

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges.

The Top 100 Firm is expanding to the western part of its home state.

An activist group is urging international audit institutions to end all their engagement with the government’s auditor general.

North American accountants, however, felt more upbeat than most.

Carr, Riggs & Ingram acquired Travani & Richter; and Citrin Cooperman added Massarsky Consulting.

Accountants are seeking out more satisfying places to work where they can realize their career goals or just be able to balance their work and personal lives better.

Performers from shows like “The Sopranos” and “The West Wing” were hired by software company DataRails to narrate examples of real-life problems with financial planning and analysis.