Michael Cohn

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm payroll employment increased by a disappointing 160,000 jobs in April, although the unemployment rate remained unchanged at 5.0 percent.

The Internal Revenue Service has issued a notice and revenue procedure on requirements for investing in money market funds.

The Public Company Accounting Oversight Board is considering changes in its approach to audit firm inspections and enforcement, according to PCAOB board member Jeanette Franzel.

The Internal Revenue Service plans to hire an additional 600 to 700 more enforcement employees in an effort to increase its audit rate.

U.S.-based accounting and consulting firm association Allinial Global has signed a letter of intent to combine with a U.K.-based accounting and business advisory firms, IAPA International.

Legendary singer Dionne Warwick is slated to headline a gala for the New York State Society of CPAs’ Foundation for Accounting Education.

Camico, a CPA-led insurance provider for accountants, said Wednesday that it posted its sixth straight year of gains in policyholders’ surplus and net income, earning $1.7 million in net income for the year ended Dec. 31, 2015.

The Internal Revenue Service has released temporary and proposed regulations implementing a new voluntary certification program for professional employer organizations, or PEOs.

The Internal Revenue Service could be doing more to identify and examine taxpayers who may be deducting hobby losses to offset their actual income, according to a new report.

The Internal Revenue Service is changing its procedures for resolving issues with corporate taxpayers through pre-filing agreements while also increasing the fees.

The Internal Revenue Service has released final and temporary regulations on the self-employment tax treatment of partners in a partnership that owns a disregarded entity and whether they can participate in employee benefit plans.

Private sector employers added 156,000 jobs in April, according to payroll giant ADP, in a possible sign of a slowdown in the job market.

Crowe Horwath LLP has merged in the London-based insurance risk consulting firm BaxterBruce Ltd., expanding the Chicago-based firm’s footprint in the United Kingdom.

Sageworks has released "Next-Level Accountants: Your guide to growing a firm of trusted advisors," an e-book containing insights from some of the top thought leaders in the accounting and valuation professions.

Thomson Reuters is providing accounting firms with content they can use for marketing through social media such as Twitter and Facebook.

The Internal Revenue Service’s computer systems miscalculated the allowable Premium Tax Credits for more than 27,000 taxpayers who received subsidies for health insurance under the Affordable Care Act, according to a new report.

Paychex reported a modest increase in small business employment in April for the fourth consecutive month.

The Financial Accounting Standards Board is expected to release a scaled-back set of changes in accounting standards for nonprofit organizations this summer, with more far-reaching changes planned for the future, probably depending on whether they can also apply to for-profit businesses.

The Financial Accounting Standards Board’s Emerging Issues Task Force has issued an exposure draft proposing changes in how restricted cash should be treated on the statement of cash flows.

Wipfli LLP said Monday that Brittenford Systems, Inc. has joined the Milwaukee-based firm, effective May 1.