Michael Cohn

The bipartisan legislation will provide more retirement planning options for accountants to advise small business clients about, while also fixing a glitch in the Tax Cuts and Jobs Act that imposed the kiddie tax on children of deceased service members.

Many banks and financial institutions are encountering challenges in preparing for the Financial Accounting Standards Board’s credit losses standard, according to a new survey.

Democratic presidential candidate Bernie Sanders introduced legislation that would impose a tax on trades of all stocks, bonds and derivatives in the U.S., a move he says would help curb Wall Street speculation and help finance his campaign promise to provide tuition-free college and cut student debt.

The Public Company Accounting Oversight Board has published guidance from its staff on how auditors can communicate critical audit matters in their audit reports.

The revenue procedure updates the depreciation deductions allowed for owners of passenger automobiles, trucks and vans placed in service in 2019.

The Institute of Management Accountants is adding some new capabilities to help accountants stay relevant in a rapidly changing field.

The American Institute of CPAs dispatched hundreds of CPAs to lobby their state and local lawmakers on Capitol Hill this week in conjunction with the AICPA’s Spring Meeting of Council in Washington, D.C.

Consulting dollars at U.S. firms increased 9 percent in 2018, according to a new report.

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.

CPA firms were more concerned about various impacts of workload compression than with updating their clients and staff about the latest tax law changes, according to a new survey.

Eide Bailly is adding another Top 100 Firm, Vavrinek, Trine, Day & Company, expanding Eide Bailly to California, effective July 22, 2019.

The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by the IRS.

The proposed changes include adding adaptive learning for self-study programs.

Pennsylvania-based BSSF is expanding to Maryland, effective June 1, 2019.

The first woman to helm a Big Four firm has been named the next commissioner of the Women's National Basketball Association.

The clarification might lead to problems for some museums.

The Schedule D instructions had the older, higher tax rates for investors that were changed by the 2017 tax law.

Republicans and Democrats will be working on the perennial problem of what to do about the temporary tax breaks that need to be renewed every few years.

Auditing quality seems to be improving somewhat internationally, although there’s still a lack of consistency, according to a new report.

The American Institute of CPAs has sent the Internal Revenue Service a set of recommendations on changing some of the parking rules for tax breaks for transportation fringe benefits, which the Tax Cuts and Jobs Act mostly eliminated.