Michael Cohn

The updated early draft versions will be used by pass-through businesses to report foreign tax information.

President Biden’s American Families Plan would provide tax credits for families and low-income workers, but eliminate a popular tax break for inheritances and raise taxes on capital gains.

The International Ethics Standards Board for Accountants has revised its ethics standards to safeguard auditor independence for non-assurance services and associated fees.

CBIZ is expanding to the Pacific Northwest, with its subsidiary CBIZ Accounting, Tax & Advisory of Washington buying the non-attest assets of Berntson Porter & Co., a firm in Bellevue, Washington.

Small businesses are gaining more revenue this year despite the lingering challenges from COVID-19 and reversing last year’s losses, according to a report from Intuit’s QuickBooks unit.

Grassi, a Top 100 Firm based in New York, has expanded its footprint in New Jersey by acquiring Gramkow, Carnevale, Seifert & Co., effective March 29.

The Top 20 Firm is adding Strategic Sourcing Results, a consulting firm based in Chicago.

Democrats introduced a bill Tuesday to provide tax credits for child care, along with universal paid family and medical leave and permanent extensions of child and family tax credits.

The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.

While activity at both regulators declined early in the COVID-19 pandemic, it only recovered at the commission.

Two members of the Senate Finance Committee released a discussion draft of a bipartisan energy tax credit bill Monday that could represent a path forward for Republicans and Democrats.

The Internal Revenue Service could be doing more to track unreported income flowing through popular peer-to-peer apps like Venmo and Zelle.

The Small Business Administration is also going to retry a launch of its Shuttered Venue Operators Grant program.

The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15.

The international board released four proposals for improving various aspects of government accounting.

On Earth Day, many family-run businesses are ahead of corporate America when it comes to environmental, social and governance practices, according to a new survey by PricewaterhouseCoopers.

The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year.

COVID-19 has been forcing accounting and finance teams to work remotely since last year, prompting reconsideration of how to do financial reporting in the future.

The legislation aims to reduce inequality by giving more entrepreneurs access to capital through tax incentives.

The pacts expand the audit firm inspector's reach across Europe.