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 COVID-19 pandemic could give remote employees around-the-clock access to company funds with little supervision and lead to embezzlement.
March 19 -
Fewer than two out of every 100 taxpayers reporting over $1 million in income were audited by the Internal Revenue Service in fiscal year 2020, according to a new report.
March 19 -
Richard Chambers has released a book on disruption as a new IIA report examines how the internal audit profession is coping with COVID-19.
March 18 -
Senate Democrats are sponsoring legislation to safeguard stimulus payments from debt collectors, while Republicans want states to be able to use funds from the new relief package for tax cuts.
March 18 -
The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply for forgivable loans during the pandemic.
March 17 -
The Internal Revenue Service has decided to use its discretion to avoid reducing the size of Economic Impact Payments with tax debts owed to the federal government.
March 17 -
The Internal Revenue Service is pushing back the tax-filing deadline until May 17 after heavy pressure from Congress and tax and accounting groups.
March 17 -
The Internal Revenue Service posted a Spanish version of its Form 1040 and instructions Tuesday and made available publications and online information in other languages.
March 16 -
The institute named Gwen van Berne as its sixth female chair-elect and the first to reside abroad.
March 16 -
The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until next year.
March 15 -
The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief.
March 15 -
The Internal Revenue Service said Friday that the third round of Economic Impact Payments will begin hitting taxpayers’ bank accounts as early as this weekend.
March 12 -
The International Federation of Accountants convened a meeting of leaders of accounting organizations to advance sustainability reporting as momentum builds worldwide for consistent environmental, social and governance reporting.
March 12 -
Members of Congress are proposing bipartisan legislation to extend the deadline for Paycheck Protection Program loans another two months as accountants press for more time on the expiring program.
March 12 -
President Biden signed the American Rescue Plan Act into law Thursday, triggering the release of $1,400 Economic Impact Payments along with tax breaks for stimulating the economy.
March 11 -
An American Institute of CPAs official told lawmakers Wednesday why the application timeline for the Paycheck Protection Program should be extended as small businesses continue to face obstacles getting loans.
March 10 -
Zeni, a bookkeeping and accounting finance startup that leverages artificial intelligence, officially debuted Tuesday.
March 9 -
Bookgel, a cloud-based value-pricing app for accountants, has begun beta testing and hopes to raise money for development costs by starting a crowdfunding campaign.
March 9 -
The Top 100 Firm has acquired an Indianapolis-based consulting firm that offers restructuring and business advisory services, effective March 1.
March 9 -
Leaders of the House Ways and Means Committee and accounting groups are calling for extending the tax deadline to give the IRS, taxpayers and tax professionals an extra three months.
March 8
