Michael Cohn

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.

Business executives who are also CPAs are expressing a more pessimistic outlook on the global economy, according to a new survey by the AICPA.

Accounting firm RoseRyan has created a consultancy called Kukuza Associates to focus on servicing businesses in the growing cannabis market.

The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.

The red-hot economy shows some possible signs of cooling, particularly among small companies.

The deal, valued at over $1 billion, unites two companies that specialize in travel and expense management and invoicing software.