Michael Cohn

GILTI and FDII may be encouraging companies to invest more abroad, rather than repatriating their income.

The Internal Revenue Service issued a ruling allowing a taxpayer to use a tax-advantaged flexible spending account to pay for the medical portion of an ancestry test.

Carr, Riggs & Ingram has increased its presence in Mississippi with its latest M&A deal.

Wages grew at an average rate of 4.0 percent over the past year, increasing the average wage level by $1.09 to $28.54 an hour in the second quarter of the year.

Plan ahead with these risk management tips to manage your firm's liability.

LinkedIn added a new feature Tuesday for freelancers and small businesses to market services such as accounting and tax preparation.

With the stock market at record highs, more companies are considering going public, but they need to make sure their accounting is in order before they file.

The Internal Revenue Service posted three revenue procedures Monday of special interest to the insurance industry.

The Global Reporting Initiative has started looking at how the UN's Sustainable Development Goals can influence business reporting and the adoption of new business models.

The Internal Revenue Service issued some clarifications on an agreement with the French government not to challenge foreign tax credits for certain kinds of tax payments in France.

The legislation would gradually raise the minimum wage by 2025 from its current level of $7.25 but is unlikely to advance in the Senate.

The level of confidence in global economic conditions dropped in the second quarter, especially in the U.S., according to a new survey by the ACCA and IMA.

Lawmakers overcame objections from Sen. Rand Paul who had held up the treaties over fears that they could jeopardize U.S. taxpayers’ privacy.

The Financial Accounting Standards Board voted Wednesday to propose to delay some of its major accounting standards — including credit losses, leases, hedging and long-duration insurance contracts — for private companies, nonprofits and small reporting companies.

The Internal Revenue Service offered additional information for multinational companies repatriating their foreign profits under the Tax Cuts and Jobs Act.

The Securities and Exchange Commission teamed up with the North American Securities Administrators Association to explain the application of federal and state securities laws to opportunity zone investments.

The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service about accounting methods for small-business taxpayers and how to determine whether a taxpayer qualifies as a small business.

The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filing next year.

Melanson Heath merges in Seelye & Schulz; Somerset CPAs adds Peters Browning; Rodefer Moss combines with Fortner Smalley and Thrower, Blanton & Associates; Austin Associates acquires Button’s Tax Services.

The Institute of Internal Auditors has installed a new global board of directors with veteran internal auditor J. Michael Joyce as the new global chairman.