Michael Cohn

The United Kingdom’s Competition and Markets Authority has issued a long-awaited report calling for separation of audit from consulting services, mandatory “joint audits” and regulatory powers to increase the accountability of audit committees.

The Internal Revenue Service hopes to improve taxpayer service and cybersecurity by updating its IT infrastructure.

The proposed regulations offer further details about a provision of the Tax Cuts and Jobs Act aimed at spurring real estate investment in needy communities.

The size of clients’ tax refunds was up 1.4 percent this tax season, while their overall tax liability was down 24.9 percent.

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.

There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.

The Top 100 Firm is buying a provider of data analytics and data warehousing technology in Orem, Utah, effective May 1.

Global economic confidence rebounded in Q1, according to a quarterly survey by the ACCA and the IMA.

One thing that all business trips have in common is turning in receipts for travel and expenses, but what should or shouldn’t employees be expensing?

Nearly three-quarters of Big Four consulting projects wind up costing more than U.S. companies anticipated, according to a new survey.

Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey.

Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn’t present them with information about the fees ahead of time.

Sen. Ron Wyden, D-Ore., and Ben Cardin, D-Md., introduced legislation Thursday to require minimum standards for paid tax preparers and rescind Preparer Tax Identification Numbers of incompetent and fraudulent practitioners.

Revenue officers visited nearly 100 businesses suspected of having serious issues with employment tax compliance.

The revenue procedure gives teams a safe harbor when doing trades of their athletes, staff contracts or draft picks.

The National Treasury Employees Union is worried about the impact of proposed budget cuts on the agency’s ability to deal with taxpayers.

The agency managed to open filing season on time despite the recent government shutdown and saw a big opening day.

Canopy has introduced a mobile app for managing a tax practice that works with both Apple iOS and Google Android devices.

Approximately 40 percent of private companies are behind schedule on the new leases standard or haven’t started getting ready yet.

Lawmakers are complaining about the agency’s disproportionate number of audits of low-income taxpayers who claim the Earned Income Tax Credit.