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 U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.
May 18 -
The Top 20 Firm is adding a Dallas-based consulting firm that focuses on the health care industry.
May 15 -
The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.
May 14 -
The Financial Accounting Foundation’s board of trustees is changing the process for assessing the effectiveness of standards.
May 14 -
The international tax provisions of the Tax Cuts and Jobs Act will likely have less impact on the willingness of multinational companies to shift their income abroad than the money they can save by using foreign employees to do research and development.
May 13 -
The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.
May 12 -
Employees are worried about whether they can return to work safely.
May 11 -
Nations around the world face unexpected expenses and revenue shortfalls arising from the COVID-19 pandemic.
May 11 -
The Internal Revenue Service is giving taxpayers who want to receive their economic impact payments by direct deposit a tight deadline.
May 8 -
The Governmental Accounting Standards Board is postponing the effective dates of many of its pronouncements and implementation guides for 12 to 18 months to provide some breathing room for accountants.
May 8 -
Accounting and bookkeeping shed over 67,000 jobs in the month of April, according to the Bureau of Labor Statistics.
May 8 -
The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.
May 7 -
The guidance says some deductions of estates and non-grantor trusts are not considered to be miscellaneous itemized deductions.
May 7 -
The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.
May 7 -
Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey.
May 7 -
The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.
May 6 -
A bipartisan group of lawmakers introduced legislation Wednesday to enable small businesses to deduct their expenses even if they have received a loan from the federal government’s Paycheck Protection Protection Program that was later forgiven.
May 6 -
COVID-19 wiped out most of the jobs gained since the 2008-09 recession despite extensive tax cuts and stimulus payments from the IRS.
May 6 -
EisnerAmper has merged in consulting firm Compensation Resources Inc., and BKD has acquired part of Grant Thornton’s municipal government auditing practice.
May 5 -
Leaders of Congress’s tax-writing committees want employers to be able to continue providing health insurance to their furloughed employees and still qualify for tax credits.
May 5
