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 American Institute of CPAs is providing a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.
March 6 -
Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.
March 6 -
The Institute of Internal Auditors has released a draft version of proposed requirements on third-party governance, risk management and control processes.
March 6 -
The Top 50 Firm is acquiring a firm based in the northwest suburbs of Chicago that specializes in real estate clients.
March 6 -
Their proposal would create an additional pathway to CPA licensure through changes in the Uniform Accountancy Act model legislation used in states.
March 5 -
Small business employment held steady last month, according to payroll company Paychex, while wage growth continued below 3%
March 5 -
The Top 25 Firm has acquired a firm that specializes in unclaimed property compliance and escheat process development, also based in Atlanta.
March 5 -
Many layoffs so far have been in the Small Business/Self-Employed Division, but the Large Business & International Division has also been affected.
March 5 -
Private sector employers added 77,000 jobs in February, while annual pay grew 4.7% year over year, payroll processor ADP reported Wednesday.
March 5 -
The Institute is urging the Treasury to suspend and remove final regulations labeling some partnership related-party transactions as "transactions of interest."
March 3 -
At the same time, the Internal Revenue Service is planning to close over 100 in-person Taxpayer Assistance Centers.
March 3 -
The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.
March 3 -
The Top 25 Firm is the latest accounting firm to receive a private equity investment, in this case from funds advised by Apax Partners.
February 26 -
The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.
February 26 -
Treasury Secretary Scott Bessent named Internal Revenue Service chief operating officer Melanie Krause as acting commissioner after the retirement of Douglas O'Donnell.
February 25 -
The Pennsylvania Institute of CPAs released a report analyzing how firms can attract and retain talent amid the accountant shortage.
February 25 -
A group of former commissioners at the Internal Revenue Service is sounding the alarm about the thousands of layoffs at the agency in the midst of tax season.
February 25 -
CBIZ and Mayer Hoffman McCann had been operating under an alternative practice structure long before many other firms began adopting one after a PE investment.
February 24 -
Members of the Tennessee Society of CPAs visited the state capital in Nashville this week to lobby for changes in the licensure and mobility laws.
February 20 -
The threatened layoffs appeared to be underway Thursday, with estimates of between 6,000 and 7,000 employees being fired in the middle of tax-filing season.
February 20
