Michael Cohn

The Treasury Department finalized the repeal Thursday of 296 obsolete or duplicative tax regulations in response to President Trump’s executive orders.

The American Institute of CPAs has named Angela Newell, a national assurance partner at BDO USA’s Dallas office, as the new chair of the AICPA’s Financial Reporting Executive Committee, succeeding Crowe partner Jim Dolinar.

Vaibhav Taneja, Tesla’s current corporate comptroller, is taking over as the electric car maker’s new chief accounting officer Thursday and is reporting to recently named Chief Financial Officer Zach Kirkhorn.

Rep. Lloyd Doggett of Texas and Senator Sheldon Whitehouse of Rhode Island introduced a pair of bills aimed at stopping corporations from using offshore tax havens and outsourcing jobs to other countries.

Surveys released this week reveal lingering uncertainty about the new tax law.

Reps. Terri Sewell, D-Ala., and Tom Reed, R-N.Y., and Senators Ben Cardin, D-Md., and Roy Blunt, R-Mo., have introduced bipartisan legislation to make the New Markets Tax Credit permanent, in an effort to encourage private investment in low-income rural communities and urban neighborhoods.

The Internal Revenue Service has indefinitely extended a pilot program for private letter rulings for corporate taxpayers.

Seventy-six percent of internal audit groups are undertaking some form of innovation, but only 31 percent have a roadmap in place.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

Deloitte’s U.S. firm has elected Joseph Ucuzoglu to succeed Cathy Engelbert, and Janet Foutty as its new chair, succeeding Mike Fucci.

The two were found guilty of sharing confidential materials ahead of a planned inspection of the Big Four auditing firm.

The fast-growing practice management and tax software company laid off over 40 percent of its staff over the weekend.

The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.

Richard Chambers, president and CEO of the Institute of Internal Auditors, has produced an updated edition of his memoir and advice book, “The Speed of Risk: Lessons Learned on the Audit Trail, 2nd Edition.”

Truth in Accounting wants pension and retirement benefit costs included in state and local government reporting.

A pair of House Democrats has introduced a bill to extend the tax-filing deadline until May 20 to give taxpayers more time to file their taxes.

The unemployment rate fell two-tenths of a percent to 3.8 percent and average wages also increased.

The Association of Chartered Certified Accountants is offering a special tribute to its first female member while celebrating the role of women in accounting.

Some of the states that are paying the highest amounts in federal taxes are also the ones that will be hurt the most by the $10,000 limit on the SALT deduction.

The agency is subjecting a relatively small percentage of wealthy taxpayers to tax audits, and less than half of the biggest corporations in the U.S.