Michael Cohn

The Internal Revenue Service could be foregoing billions of dollars in potential taxes because tens of thousands of employers are underreporting the amount of their workers’ wages and withholding taxes, according to a new report.

Accounting, tax preparation, bookkeeping and payroll services topped the list of most profitable industries over the past 12 months, according to the financial information company Sageworks.

Job growth at small businesses continued to slow down last month, although wages are rising, according to a new report from payroll giant Paychex.

A group of 45 Senate Democrats has sent a letter to President Donald Trump and Republican Senate leaders calling for bipartisan talks on tax reform, but with three preconditions.

The Institute of Management Accountants said Monday the total number of candidates for its Certified Management Accountant credential grew a record 40 percent in the year ending June 30, 2017, reaching an all-time high of 41,000.

Nearly half of corporate executives are concerned about their ability to implement the lease accounting standards, according to a survey by Deloitte.

The Sustainability Accounting Standards Board has released its 2017 Technical Agenda, listing the priorities and research areas that SASB plans to pursues this year.

The American Institute of CPAs has released an analysis of single audits and found several factors contribute to audit quality, indicating why some firms are having problems doing the audits.

The Treasury Department and the Internal Revenue Service have delayed implementation of the Obama administration’s Section 385 documentation regulations for discouraging corporate tax inversions and earnings stripping until 2019.

Extensible Business Reporting Language, the data-tagging code now required by the Securities and Exchange Commission for filing financial statements, has been making headway not only in the U.S., but in other parts of the world.

CPA Ireland is absorbing the membership of the Institute of Incorporated Public Accountants as two of Ireland’s largest accounting professional bodies agreed to a permanent collaboration.

The retirement account savings program is winding down and officials are encouraging participants to move their funds to a Roth IRA.

Republican leaders in Congress and the Trump administration released a joint statement Thursday on their progress on tax reform ahead of Congress’s August recess and the broad principles they plan to follow.

The Internal Revenue Service has been doing a better job of processing and reviewing claims for Small Business Health Care Tax Credits, according to a new report, though the number of small businesses claiming the Obamacare credit has declined precipitously.

The Internal Revenue Service rehired more than 200 employees with previous conduct and performance issues, according to a new government report.

The American Institute of CPAs has issued a new guide to help accountants provide assurance on their corporate clients’ environmental information.

The head of the National Treasury Employees Union, which represents Internal Revenue Service employees, is asking Congress not to cut the IRS budget again.

The Center for Audit Quality and the Securities and Exchange Commission Historical Society are celebrating the 15th anniversary of the passage of the Sarbanes-Oxley Act with a series of videos featuring commentary from several accounting, finance and auditing experts.

The Public Company Accounting Oversight Board is disciplining Crowe Horwath’s member firm in Hong Kong for refusing to turn over audit work papers.

The American Institute of CPAs has released a new standard that provides guidance to auditors about their responsibilities when auditing securities exempt from registration under the Securities Act of 1933 and franchise offerings known as exempt offerings.