Michael Cohn

Capital One’s Spark Business unit is offering some advice to accountants to help them and their small business clients get through the summertime lull and attract more customers.

The Internal Revenue Service needs to expand its use of data and develop a comprehensive strategy to address noncompliance by taxpayers claiming refundable tax credits such as the Earned Income Tax Credit, according to a new report.

The European Union’s new rules for mandatory audit firm rotation took effect on June 17, only a week before the United Kingdom voted to “Brexit” from the E.U. How will that affect audit firm rotation in the U.K. and Europe?

The Financial Accounting Standards Board has issued a proposed accounting standards update to amend the consolidation guidance for variable interest entities.

The Internal Revenue Service has added new protections to its Income Verification Express Service to curb identity theft.

The Internal Revenue Service has closed down its electronic filing PIN tool after noticing suspicious activity.

A small business lending company, OnDeck, has recently launched an Accountant Advisor Program that helps accountants arrange financing for their small business clients.

Identity thieves are continuing to target taxpayers despite the Internal Revenue Service’s efforts to better authenticate taxpayers, according to a new report.

A former controller who embezzled $8.7 million from the Pepsi bottling company where he worked and then spent six years as a fugitive on the Appalachian Trail has been sentenced to eight years in prison.

Ernst & Young outpaced the rest of the Big Four in auditing the most public companies last year, according to a new ranking.

Roomy Khan, a technology executive and financial analyst who helped convict Galleon Group founder Raj Rajaratnam on fraud charges, told a group of fraud examiners last week about how she became enmeshed in the insider trading scheme.

Currently designated empowerment zones, areas where employers and other taxpayers can qualify for certain tax incentives, will remain in place at least through the end of this year.

The Electronic Tax Administration Advisory Committee issued its annual report Wednesday, with recommendations calling on the Internal Revenue Service to expand its electronic filing efforts and digital strategy, and to offer end-to-end capabilities on online accounts for both taxpayers and tax professionals.

PricewaterhouseCoopers recently announced PwC’s new leadership team, including Maria Moats, a Latina who has been working as chief diversity officer at the firm and will assume the role of U.S. assurance leader, effective July 1.

Long Island CPA firm Janover LLC’s JRS Financial Services unit has merged in Hagan & Burns CPAs PC.

The Internal Revenue Service is missing out on imposing approximately $21.6 million in penalties on taxpayers who are denied entry or withdraw from its Offshore Voluntary Disclosure Program, according to a new report.

The long awaited credit loss standard that the Financial Accounting Standards Board released last week is expected to have a wide-ranging impact beyond only banks and financial services firms.

Deloitte has acquired substantially all the assets of Casey Quirk, a strategic consulting firm focused on the asset management industry.

The Internal Revenue Service has issued a notice offering additional transition relief for employers claiming the Work Opportunity Tax Credit.

Moss Adams LLP, based in Seattle, has agreed to combine with a Dallas–based firm, CF Accountants & Consultants, effective June 30.