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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The changes deal with the intersection of the requirements of FASB's revenue recognition and stock compensation standards as they involve customers.
May 15 -
The American Institute of CPAs is concerned about a provision in the tax reconciliation bill limiting deductibility of state and local taxes paid by firms.
May 14 -
The American Institute of CPAs and National Association of State Boards of Accountancy OK'd model legislation providing an alternative path to a CPA license.
May 14 -
The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of the TCJA and adding other tax breaks.
May 13 -
The Federal Accounting Standards Advisory Board wants input on accounting issues and questions related to reorganizations and abolishments amid DOGE cuts.
May 13 -
The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.
May 12 -
The Financial Accounting Standards Board released an update to improve the requirements for identifying the accounting acquirer in business combinations.
May 12 -
Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.
May 12 -
The International Ethics Standards Board for Accountants staff posted guidance to support adoption of its Tax Planning and Related Services Standards.
May 8 -
Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.
May 8 -
The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.
May 7 -
The Internal Revenue Service has been conducting "sweeps" in recent years to uncover cases where high-income people have not been filing taxes.
May 6 -
The job cuts amount to about 2% of PricewaterhouseCoopers' U.S. workforce of approximately 75,000 employees.
May 6 -
The board agreed to a statement of protocol with the Auditing Oversight Authority of the Slovak Republic while facing a possible SEC takeover.
May 6 -
A pair of bills would coordinate Pell Grants with the AOTC, and provide a tax deduction for overtime pay.
May 6 -
The Public Company Accounting Oversight Board's Investor Advisory Group is asking for examples of critical audit matters or key audit matters for analysis.
May 5 -
More than 11,400 IRS employees have either received termination notices as probationary employees or voluntarily resigned, according to a new report.
May 5 -
The Top 25 Firm is expanding its presence in Southern California with its third M&A deal in a week.
May 5 -
The Top 25 Firm based in Fargo has added Roycon, a Salesforce consulting firm based in Austin, bolstering its tech services.
May 2 -
The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report, but it may be the last one for a while.
May 2
