Michael Cohn

The Internal Revenue Service has issued inflation adjustments for several tax breaks involving schoolteacher expenses, transit fringe benefits and Section 179 expensing of certain depreciable assets.

Morison International and KS International have merged to form a $1 billion international association of accounting and professional services firms to be known as Morison KSi.

The Governmental Accounting Standards Board has issued a proposal to establish a single approach for state and local governments to report leases based on the principle that leases are financings of the right to use an underlying asset.

Congress’s passage of legislation last December making many expired tax breaks permanent adds an extra measure of certainty for tax preparers helping their clients with tax planning this year.

The Internal Revenue Service needs to have better processes in place to administer its federal unemployment tax program, according to a new report.

The Internal Revenue Service has issued the maximum vehicle values for 2016 that taxpayers need to determine the value of personal use of employer-provided vehicles.

A group of community bankers from the Independent Community Bankers of America met last week with the Financial Accounting Standards Board to discuss their concerns with FASB’s upcoming impairment standard on credit losses.

The International Federation of Accountants has issued a report calling for governments around the world to stop issuing a patchwork set of regulations that are stifling economic growth.

Accounting, tax, bookkeeping and payroll businesses have been growing sales at a healthy rate this past year, according to the latest numbers from the financial information company Sageworks.

The unemployment rate dipped one-tenth of a percentage point to 4.9 percent as employers added 151,000 jobs in January, to the U.S. Bureau of Labor Statistics reported Friday, including 5,800 jobs in accounting and bookkeeping services.

Rucci Bardaro & Falzone acquires Jensen Malley & Company; and Jarrard, Nowell & Russell merges in Biddlecomb Game & Wise.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, along with a group of other Senate Democrats, have introduced legislation to make the Saver's Credit into a refundable tax credit to help more working families and middle-class Americans save for retirement.

Internal auditors are increasingly finding themselves tasked with new responsibilities that carry some degree of risk, according to a new report.

Crowe Horwath International said that total global gross revenues of its member firms grew to US$3.5 billion for calendar year 2015.

The Internal Revenue Service said it resumed processing individual and business tax returns at approximately 5 p.m. Thursday following resolution of its system outage.

Concerns are mounting among finance professionals at companies around the world about declining incomes in their businesses, according to a new survey.

The Internal Revenue Service’s new security measures this tax season to counter identity theft and tax fraud appear to be having little impact so far on criminals, according to a security expert who monitors the online chat rooms where fraudsters swap taxpayers’ sensitive personal and financial information.

Ninety percent of the records in the Internal Revenue Service’s Excess Collection File represent $4.75 billion in credits to which taxpayers no longer have a legal claim, according to a new government report.

EisnerAmper LLP is restructuring the executive leadership of the firm to better manage its expansion in the U.S. and internationally.

Accounting firm network Baker Tilly International reported Thursday that combined global revenues of its member firms around the world grew 7 percent in the 12 months ending June 2015 to US$3.8 billion.