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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About $18.4 billion in bad payments were made on the refundable credit in 2018.
May 15 -
BDO USA LLP has acquired AC Lordi, a management consulting firm based in Philadelphia, adding 100 professionals to BDO’s offices in the Philly area, effective June 1.
May 15 -
The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.
May 15 -
The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.
May 14 -
The service offered instructions on how to claim an extension, among other things.
May 14 -
The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.
May 14 -
The Institute wants to postpone the effective date of its new leases standard for one year, citing an overload for financial statement preparers.
May 14 -
The Internal Revenue Service is searching for a new National Taxpayer Advocate, who will be succeeding longtime Taxpayer Advocate Service leader Nina Olson.
May 13 -
The Internal Revenue Service didn’t comply with congressional directives before closing offices last year, according to a new government report.
May 13 -
Robotic process automation is playing a larger role at companies, including in the accounting and finance area, but many executives feel more needs to be done, according to a new report.
May 13 -
The Top 100 Firm is building its presence in Virginia, effective June 1, 2019.
May 13 -
PKFOD is continuing to expand by adding a firm in Highland Park, New Jersey, that specializes in audit services for the public sector.
May 13 -
The Internal Revenue Service has issued final regulations upping user fees on enrolled agents and enrolled retirement plan agents.
May 10 -
The American Institute of CPAs has submitted a set of recommendations to the Internal Revenue Service about accounting method changes.
May 10 -
The Securities and Exchange Commission is proposing to limit the requirements under the Sarbanes-Oxley Act for audits of internal controls over financial reporting, making them apply to only the largest public companies.
May 9 -
The Internal Revenue Service needs to improve its oversight of third-party cybersecurity practices by tax preparers and tax software providers, according to a new government report.
May 9 -
The House Ways and Means Committee held a hearing Thursday to examine what's behind the estimated gap of approximately $460 billion between taxes owed and actually paid.
May 9 -
The Internal Revenue Service has issued a notice setting the inflation-adjusted maximum value of a vehicle provided by an employer to an employee for personal use.
May 8 -
The United Kingdom’s Financial Reporting Council has fined KPMG’s U.K. firm £5 million (discounted through a settlement to £4 million, or about $5.2 million) for its fiscal year 2009 audits of the Co-operative Bank.
May 8 -
Companies that shop around among auditing firms for clean opinions on their financial statements can compromise the objectivity of outside auditors, according to new research.
May 8
