Michael Cohn

The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator.

The new hedge accounting standard is encouraging more companies to re-evaluate their risk management, according to a new report from Deloitte.

A group of 27 Democratic senators is calling for action in the Senate Finance Committee on extending energy-related tax credits and examining new tax proposals, especially those that incentivize renewable energy projects.

The Accounting and Review Services Committee has issued a new standard as part of an effort to align its standards with both international standards and generally accepted auditing standards.

The Cost Accounting Standards Board, a group set up by Congress in 1970 to make sure federal contractors charge their costs appropriately, is finally making some progress in aligning its 19 cost accounting standards with U.S. GAAP after Congress mandated in 2017 that it do so where practicable.

The Financial Accounting Standards Board proposed an accounting standards update Monday to enhance the transparency of how not-for-profit organizations present and disclose contributed non-financial assets.

Rea & Associates merges in WJ Ubbing and Associates; Frank Hirth transitions its U.S. practice to Raich Ende Malter; and REDW adds Human Resources Experience.

The Governmental Accounting Standards Board released guidance on leases, pension plans and a wide range of other accounting and financial reporting issues that were identified during the implementation and application of some of its earlier pronouncements.

The American Institute of CPAs and the National Association of State Boards of Accountancy have inked a mutual recognition agreement with the South African Institute of Chartered Accountants.

The complexity and insufficient oversight of the IRS’s Free File program, which is supposed to provide free tax software to most taxpayers, results in low taxpayer participation in the program, according to a new government report.

Members of the Georgia Society of CPAs gathered at the state capitol in Atlanta last week to lobby lawmakers on behalf of the accounting profession.

The Committee of Sponsoring Organizations of the Treadway Commission is releasing new guidance on its widely used ERM Framework.

KPMG LLP has bought a minority interest in LumaTax, a San Diego-based sales and use tax technology provider.

President Trump referred to the impact of the Tax Cuts and Jobs Act on job creation during his State of the Union address on Tuesday night.

Private sector employers added 291,000 jobs in January, according to payroll giant ADP, in a strong showing for the economy, despite fears of the coronavirus.

CliftonLarsonAllen added Weil & Company, and Cherry Bekaert LLP expanded its digital advisory capabilities by buying Icimo LLC.

Weekly earnings at small businesses continued to increase in January, while job growth went up only slightly.

American Institute of CPAs president and CEO Barry Melancon talked about the need for CPAs to learn new skills as hiring of accounting graduates has slowed and the CPA licensing model has come under threat in some states.

The Securities and Exchange Commission voted to propose amendments to the financial disclosure requirements in Regulation S-K and streamline the Management's Discussion and Analysis disclosures.

Eide Bailly, a Top 25 Firm based in Fargo, North Dakota, has added Platinum Consulting Group, a government and nonprofit consulting firm based in Fullerton, California, effective Feb. 3.