Michael Cohn

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.

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper.

FASB's proposed update could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit.

Having accountants involved seems to lower costs and result in fewer restatements.

The Institute of Internal Auditors unveiled an IT General Controls Certificate Program on Thursday to train auditors on how to weigh technology risks, controls, programs, compliance, and policies.

The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related to the expanded Child Tax Credit in which fraudsters are trying to steal money and personal information.

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties.

As businesses downsize office space and renegotiate leases, they need to look at how they’re accounting for the leases under the new rules.

The service didn’t flag hundreds of millions of dollars of unsupported deductions.

The developer of accounting workflow automation software raised its valuation to $1.2 billion.