Michael Cohn

Accounting and bookkeeping shed over 67,000 jobs in the month of April, according to the Bureau of Labor Statistics.

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

The guidance says some deductions of estates and non-grantor trusts are not considered to be miscellaneous itemized deductions.

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.

Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey.

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.

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.

COVID-19 wiped out most of the jobs gained since the 2008-09 recession despite extensive tax cuts and stimulus payments from the IRS.

EisnerAmper has merged in consulting firm Compensation Resources Inc., and BKD has acquired part of Grant Thornton’s municipal government auditing practice.

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.

The pandemic is 'turning up the volume' on security risks, according to security experts.

The international group has published a roadmap that focuses on four main areas of change.

Hotel and airline cancellation charges are giving way to more requests for work-from-home items.

The auditing profession is responding to the novel coronavirus pandemic by adjusting how it conducts audits, and that’s evident in the Center for Audit Quality, whose CEO, Julie Bell Lindsay, took over the leadership job when the priorities for the profession and the CAQ looked far different.

The Internal Revenue Service announced that it is delaying its Special Enrollment Examination tests for Enrolled Agents due to the ongoing novel coronavirus pandemic shutting down its testing centers.

The American Institute of CPAs offered suggestions on how the federal government’s Paycheck Protection Program should deal with forgiving loans.

The International Auditing and Assurance Standards Board has released an exposure draft of a standard for improving the quality of audits of group financial statements.

PricewaterhouseCoopers has developed a contact-tracing app as the Big Four firm looks forward to reopening its offices during the coronavirus pandemic and tries to help its clients safely open theirs as more states announce plans to gradually lift their stay-at-home orders.

Public companies are dealing with a variety of financial reporting difficulties in the face of the unpredictable COVID-19 pandemic and the impact it’s having on businesses of all sizes.

The Internal Revenue Service is urging some benefits recipients to register their children and other dependents for the extra $500 per child stimulus payments by May 5 if they haven’t already filed a tax return for 2018 or 2019.