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 professional and business services sector lost 5,000 jobs, including 1,400 in accounting, tax preparation, bookkeeping and payroll services.
March 6 -
Business executives who are also CPAs are feeling more upbeat about the overall U.S. economy this year and their own companies, according to an AICPA survey.
March 5 -
Proposed regulations aim to making it simpler for digital asset and crypto brokers to provide the Form 1099-A electronically, instead of sending paper copies.
March 5 -
Investors place strong trust in public company audits as a check on the financial statements issued by companies, but auditor independence remains a focus.
March 4 -
The professional and business services sector, which includes accounting and tax preparation along with other services, lost 30,000 jobs, ADP reported.
March 4 -
Enforcement activity against accounting and auditing firms declined sharply last year under the second Trump administration, according to two new reports.
March 3 -
The American Institute of CPAs' Auditing Standards Board posted a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030.
March 3 -
Minimum wage increases in some states and localities helped boost payrolls a small amount in February at small businesses, according to Paychex.
March 3 -
Senate and House Democrats introduced legislation to bring back the Direct File free tax preparation program that was ended by the Trump administration.
March 2 -
The IRS terminated its collective bargaining agreement with the National Treasury Employees Union, which represents most IRS and Treasury Department employees.
March 2 -
The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and senior citizens for tax year 2025.
March 2 -
The Institute submitted a letter in response to the Department of Education's plan to exclude accounting from its definition of "professional degree" programs.
February 27 -
Senate Finance Committee leaders introduced bipartisan legislation with changes to IRS procedures and administration, and standards for tax preparers.
February 27 -
The Public Company Accounting Oversight Board and the Securities and Exchange Commission curtailed enforcement actions against auditors significantly in 2025.
February 27 -
The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.
February 26 -
The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.
February 26 -
Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November midterm election is bound to affect any possibility of the bills advancing.
February 26 -
The IRS introduced a new web page where taxpayers can confidentially report suspected tax fraud schemes, scams, evasion or other tax-related illegal activities.
February 26 -
The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the requirements related to subsidies.
February 25 -
Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.
February 25
