Michael Cohn

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.

Mandatory rotation of auditing firms could lead to more “opinion shopping” by companies looking for clean opinions on their internal controls, a new study suggests.

Small business sentiment dropped in the first half of the year, with small business owners citing concerns about the economy, regulation and the presidential election, according to a new survey.

The House Ways and Means Committee has passed three bills related to the Internal Revenue Service in the areas of taxpayer identity theft, recovery of missing children, and donor information for tax-exempt organizations.

The Internal Revenue Service has issued inflation-adjusted deduction limits for health savings accounts next year.

The Internal Revenue Service reported that the average annual tax gap has increased to $458 billion for tax years 2008-2010, compared to $450 billion for tax year 2006.

The Internal Revenue Service plans to make changes in its procedures and computer systems to better identify a taxpayer’s outstanding tax debts and subtract them from the tax refunds they receive, particularly for owners of small businesses.

Jim Boomer will succeed his father L. Gary Boomer as CEO of Boomer Consulting, Inc., as part of a long-term succession plan that has been underway for the last seven years and includes several other big moves at the prominent accounting firm consultancy.

TaxAct plans to launch a new sweepstakes next week for tax professionals to celebrate the end of tax season.

The Financial Accounting Standards Board has voted to proceed with issuing a long-awaited standard in June on credit losses on loans and other financial instruments, a key component of its financial instruments convergence project with the International Accounting Standards Board, and to defer the effective date for one year.

The National Association of State Boards of Accountancy’s Center for the Public Trust has introduced an Ethical Leadership Training and Certification for business professionals.