Michael Cohn

The economy showed signs of a boost despite increasing worries over the Delta variant of COVID-19, according to ADP.

Grassi acquired S&Z Fund Services; Yount, Hyde and Barbour merged in Rowles & Co.; Alexander Thompson Arnold acquired Teasler CPA; and DJH Mitten Clarke added Lloyd Piggott.

Job growth at small businesses spiked in July across various industries and parts of the country, according to payroll giant Paychex, with hourly earnings also improving.

The Top 20 Firm received an investment from TowerBrook Capital Partners and is separating the non-attest side into an entity called Eisner Advisory Group LLC.

Most states have managed to get through the COVID-19 pandemic without increasing taxes, despite predictions last year, according to a new report.

The Securities and Exchange Commission charged Ernst & Young, one of its current partners, and two of the firm’s former partners Monday with violating auditor independence rules and improper professional conduct.

A warning from the commission has prompted hundreds of special purpose acquisition companies to issue financial restatements.

The Federal Accounting Standards Advisory Board released a standard for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic.

Employers can claim tax credits equivalent to the wages paid for providing paid time-off to employees to take a family or household member or certain other individuals to get vaccinated for COVID-19.

The Biden administration and G-20 leaders are agreeing on the need for more revenue.

The U.S. Small Business Administration will be unveiling an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their bank.

Two lawmakers in the House reintroduced bipartisan legislation Wednesday to change a provision in the Tax Cuts and Jobs Act that makes it difficult for performers to deduct business expenses.

The Committee of Sponsoring Organizations of the Treadway Commission issued guidance Wednesday on enterprise risk management for cloud computing to help organizations using COSO’s ERM framework improve their cloud governance.

New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more.

Despite strong efforts by the service, the pandemic claimed dozens of its employee, according to a TIGTA report.

CPA firms are becoming increasingly concerned about clients who have lax cybersecurity in place.

A federal judge in San Francisco ruled in favor of PricewaterhouseCoopers in a case involving a former employee who sued PwC for firing him after he complained about conflicts of interest among audit clients.

Small business owners have been coping with unpaid invoices and inadequate accounting during the pandemic and needed to cover expenses by selling family heirlooms and other valuables.

The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs.

The service is beefing up the security requirements for tax pros using its system for electronically filing information returns.