Michael Cohn

Auditing fees kept up their steady pace of increase over the past six years, according to a new report, climbing from $7.6 billion in 2010 to $9.2 billion in 2016.

The changes would simplify some of the transition requirements and offer lessors a practical expedient for separating nonlease from lease components.

The estate of the late award-winning singer and actress Whitney Houston has reportedly reached a deal with the Internal Revenue Service to pay $2,275,366 in taxes, far less than the $11.7 million the IRS said it was owed.

HMWC merges in Kelley Associates and Wiederman & Chamberlain; Riney Hancock expands to Henderson; Stoudt acquires Defassio; and ATA merges in Cannon & Co., Fred H. Page & Co., and Myriad CPA Group.

Private sector employers added 250,000 jobs last month, according to payroll giant ADP, as businesses took advantage of the roaring economy and the prospect of tax cuts in the New Year.

State governments are worried about the potential loss of tax revenue after passage of the Tax Cuts and Jobs Act and may be forced to restructure their tax laws.

The firm is combining with Wiebel, Hennells and Carufe in Bonita Springs, Fla., Jana Knudson of Lutz & Knudson, in Naples, Fla., and Godfrey Wise Berg, CPAs & Advisors, in Lansing, Mich.

Sandra Schneider and the staff of her firm Schneider & Associates LLC have joined the Bethesda, Md., office of Citrin Cooperman & Co., effective Jan. 1, 2018.

EisnerAmper LLP has added the New York accounting firm, Cohen & Schaeffer, effective Dec. 16, 2017.

The Public Company Accounting Oversight Board swore in its new chairman William D. Duhnke III on Tuesday, along with a new board member, Kathleen M. Hamm, at the headquarters of the Securities and Exchange Commission.

A federal judge ruled PricewaterhouseCoopers was negligent in its audits of Colonial Bank, which failed in 2009 in the midst of the financial crisis, potentially exposing PwC to heavy damages.

Wipfli LLP, a Top 100 Firm, has merged in Kessler Orlean Silver & Co., effective Jan. 1, 2018, expanding the Milwaukee-based firm’s presence in Chicago.

Mueller CPA has merged in Mulcahy, Pauritsch, Salvador & Co., another firm in the Chicago area, effective Jan. 1, 2018, building its presence around the Windy City.

Minimum wage increases in states across the country are helping drive up wages, although the rate of job growth at small businesses has slowed down, according to payroll giant Paychex.

MSPC Certified Public Accountants and Advisors, P.C., a firm based in Cranford, N.J., has merged in Ennis Hargadon, a firm based in Cliffside Park, N.J., effective Jan. 1, 2018.

The Internal Revenue Service said it is working on developing withholding guidance to implement the tax reform bill signed into law on December 22.

The Internal Revenue Service has issued a revenue ruling clarifying the tax treatment of a package of films on a TV channel in terms of the domestic production activities deduction.

Southern California accounting firm White, Zuckerman, Warsavsky, Luna & Hunt has filed documents in court against Mel Gibson’s former girlfriend, Oksana Grigorieva, seeking payment on an unpaid bill of $108,887 for forensic accounting services after the firm helped her win an increase in child support payments from the actor-director.

The Treasury Inspector General for Tax Administration cautioned taxpayers to stay on “high alert” next tax season so they don’t fall prey to criminals who pretend to be employees of the Internal Revenue Service and the Treasury Department.

President Trump boasted about his tax knowledge during an impromptu interview with The New York Times in which he claimed to know taxes “better than the greatest CPA.”