Michael Cohn

Grant Thornton LLP achieved record revenues of $1.65 billion in the fiscal year ending July 31, 2016, up 11.4 percent from fiscal year 2015, driven most by growth in the Chicago-based firm’s advisory practice.

Companies are beginning to revamp their financial reports to incorporate sustainability disclosures in response to demand from investors.

The Internal Revenue Service has issued a notice outlining the special diem rates that taxpayers can use to substantiate the amounts they are claiming for lodging, meals and incidental expenses when traveling away from home.

The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project.

The Internal Revenue Service has chosen four private debt collection agencies to help collect unpaid tax debts as the IRS gears up to resurrect the controversial program.

The Governmental Accounting Standards Board proposed guidance Monday to address a broad set of accounting and financial reporting issues to help state and local governments deal with the implementation and application of certain GASB pronouncements.

The Financial Accounting Standards Board has proposed to amend the amortization period for callable debt securities that are purchased at a premium.

House Democrats have introduced legislation that would require multinational corporations to disclose more information about the taxes they pay in other countries.

The deadlines for filing the Form W-2 with the Social Security Administration and the Form 1099-MISC with the Internal Revenue Service are changing next year.

The House passed legislation this week to simplify the complex tax rules faced by workers who travel across state lines to do business.

The House voted to eliminate taxes on the medals of Olympic and Paralympic athletes, while also passing some other pieces of tax legislation.

The American Institute of CPAs has issued a new report on the growing threat of “executive impersonation,” in which criminals claiming to be corporate executives convince employees to send them sensitive documents and company information.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, released draft legislation Thursday to provide tax credits to encourage the development of affordable rental housing for the middle class.

The Internal Revenue Service spent $15 million on a delayed implementation of an upgraded system for handling an aspect of the Foreign Account Tax and Compliance Act, but the software did not deliver the expected business results, according to a new report.

The Internal Revenue Service is alerting tax professionals and taxpayers alike about a new scam involving fake CP2000 notices that are being sent to unsuspecting taxpayers, billing them for unpaid taxes related to the Affordable Care Act.

PricewaterhouseCoopers wants to show the life of an accountant and auditor isn’t so boring after all, with a new YouTube video.

Apel and Associates to merge in Navigate to Success, and 2020CA joins Beavis Morgan.

Warren Averett LLC, CPAs and Advisors, is combining with Beason & Nalley Inc. to beef up its government contracting practice in the Southeast.

Acquisitions of consulting firms skyrocketed last year, particularly in North America and with many of the deals done by technology consultancies and Big Four firms, according to a new report.

An Internal Revenue Service revenue officer has pleaded guilty to fraud charges for filing tax returns using taxpayers’ identities and failing to report income he received from an unauthorized tax business.