Michael Cohn

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.

The Public Company Accounting Oversight Board released two new documents and a video to provide more information to investors and audit committees about the CAMs requirements.

The American Institute of CPAs’ Auditing Standards Board has released a pair of SASs on ERISA audits and auditor responsibilities.

The provider of web-based lease accounting software has acquired an Australian company that has developed online real estate administration software.

The Paris-based firm has expanded beyond its Mazars USA base in New York and is partnering with BKD, Dixon Hughes Goodman, Moss Adams, Plante Moran in the U.S. and MNP in Canada.

The Securities and Exchange Commission is paying extra attention to the way public companies are adhering to the new rev rec standard.

The CPA Exam prep provider will continue to operate under the same brand.

Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.

International consulting firm Protiviti has released the 15th annual edition of “Internal Auditing Around the World”, providing insights of internal audit leaders on digital initiatives across industries globally.

The deputy chief accountant for technology and innovation in the Office of the Chief Accountant plans to leave the SEC this month after more than 14 years.

Substantial changes in the regulations for the new global intangible low-taxed income could mean that many more amended K-1 schedules will be necessary for tax practitioners this year.