Michael Cohn

The amount of civil tax lawsuits filed by the Internal Revenue Service in federal court this year is only half the number of a decade ago, but has held steady since last year.

Small businesses continued to increase hiring and hourly pay in August, payroll giant Paychex reported, as the economic recovery continued despite the spread of the Delta variant.

States seek to recoup costs borne due to the COVID-19 pandemic see taxing out-of-state workers as painless.

The institute is asking Congress to expand the deduction to include accounting firms and other businesses excluded under the Tax Cuts and Jobs Act.

The Internal Revenue Service has stepped up efforts to collect employment taxes from S corporation officers, but business owners are still getting away with avoiding billions of dollars in taxes.

Accounting firms are running into difficulties filling the pipeline with new accountants as they find themselves struggling to recruit talent.

Climate change is prompting more accountants to get involved in environmental, social and governance services.

Practice management software provider Canopy has integrated with Intuit’s QuickBooks Online, allowing accountants to sync their contacts, service items and invoices, and process payments and deposits between the two systems.

BDO USA LLP reported revenue of $2,000,300,000 for the fiscal year ending April 30, 2021, a year-over-year increase of 10.9%.

The Big Four firm issued its 2021 audit quality report Monday, pointing to progress on auditor independence, along with issues such as diversity and inclusion.

Two members of the Public Company Accounting Oversight Board, Rebekah Goshorn Jurata and Megan Zietsman, jointly announced Monday they plan to resign by Oct. 1, or earlier if new board members are named.

The Internal Revenue Service added a new feature Friday to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments.

A new report raises questions about how much money is being shuttled between DAFs, rather than distributed to charity.

The board reported a decline in the number of firms that had deficiencies last year but the rate is still comparatively high.

The Big Four firm is postponing the return of U.S. employees to its offices until November as the highly transmissible variant of COVID-19 continues to proliferate.

Private companies are facing a deadline on implementing the new standard, but recent updates could make an impact.

The Senate Finance Committee chair introduced legislation with tax credits aimed at ending homelessness and providing affordable housing.

The American Institute of CPAs has written a letter to the Internal Revenue Service requesting more flexibility for businesses that needed to get rid of extra inventory during the COVID-19 pandemic.

The service is alerting practitioners about some of the warning signals of taxpayer identity theft.