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 International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.
July 26 -
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.
July 26 -
FASB's proposed update could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit.
July 23 -
Having accountants involved seems to lower costs and result in fewer restatements.
July 23 -
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.
July 22 -
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.
July 22 -
A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties.
July 22 -
As businesses downsize office space and renegotiate leases, they need to look at how they’re accounting for the leases under the new rules.
July 21 -
The service didn’t flag hundreds of millions of dollars of unsupported deductions.
July 21 -
The developer of accounting workflow automation software raised its valuation to $1.2 billion.
July 21 -
A federal jury convicted a former Internal Revenue Service IT specialist on fraud charges for stealing a victim’s identity and using it to buy $58,000 worth of plane tickets, hotel rooms and home-remodeling materials.
July 20 -
The Governmental Accounting Standards Board released a proposed concepts statement to guide GASB when establishing note disclosure requirements for state and local governments.
July 20 -
The Senate Finance Committee chairman's legislation would streamline the 199A deduction for qualified business income, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000.
July 20 -
Over half of public companies have overhauled their financial processes in the past year, according to a Deloitte survey.
July 20 -
The exposure draft covers various accounting and financial reporting issues that were identified during implementation, application, and due process on GASB standards.
July 19 -
Withum merges in OUM; and Whitley Penn plans to add Werlein & Harris.
July 19 -
The Financial Accounting Standards Board released an accounting standards update Monday to help lessors account for leases with variable lease payments.
July 19 -
Intuit has decided to leave the Free File Alliance after coming under criticism for making it difficult to access a truly free version of TurboTax.
July 19 -
The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS.
July 19 -
Proper, a San Francisco-based provider of automated accounting and bookkeeping services for real estate property managers, has scored $9 million in Series A funding from investors.
July 16
