Michael Cohn

The Internal Revenue Service said Wednesday evening its tax-processing systems have suffered a hardware failure and that tax processing could be affected into Thursday.

The Financial Accounting Standards Board decided Wednesday to add four financial reporting issues and two more projects to its research agenda.

A startup is trying to reduce the amount of time taxpayers spend on hold with the Internal Revenue Service this tax season.

The Sustainability Accounting Standards Board has signed a memorandum of understanding with the Institute of Management Accountants to advance the management and disclosure of nonfinancial information in corporate reports.

Private sector employment grew by 205,000 jobs in January, according to payroll giant ADP, in another healthy sign of employment growth despite a turbulent stock market.

CliftonLarsonAllen is merging in Bruner Cox, an accounting firm in Northeast Ohio, effective June 1, the latest in a string of mergers for CLA.

More than 100 members of the Georgia Society of CPAs recently visited the state Capitol to press elected officials on legislative issues.

Maryland Comptroller Peter Franchot said Tuesday he has suspended processing of electronic and paper tax returns from 16 Liberty Tax Service franchise locations due to a high volume of questionable returns received, on top of seven Baltimore-area Liberty locations that he suspended processing last week.

Taxpayers are increasingly aware of identity theft-related tax fraud this year and are concerned about becoming victims, according to a new survey.

O’Connor Davies has renamed itself PKF O’Connor Davies as it takes on an expanded role in PKF International, becoming the lead North American firm in the network.

Grant Thornton’s Canadian firm has merged in Oulette & Associates, a firm based in Grand Falls, New Brunswick.

Paychex reported Tuesday that its index of small business job growth rebounded in January.

Crowe Horwath recently instituted two new policies giving its employees the option to dress more casually and work remotely.

PricewaterhouseCoopers is forecasting that direct spending on the Super Bowl will reach a new high this year, as fans generate over $220 million in direct spending in the San Francisco Bay area.

Starting February 16, the Internal Revenue Service will begin accepting requests for bilateral advance pricing agreements between the U.S. and India for the taxation of multinational companies.

The Financial Accounting Standards Board’s Emerging Issues Task Force has proposed an accounting standards update for how certain cash receipts and cash payments would be classified on the statement of cash flows.

The Institute of Internal Auditors has proposed changes to its International Standards for the Professional Practice of Internal Auditing to help internal auditors meet the challenges of today’s business environment.

Accounting firms that prepare the taxes of companies they also audit tend to steer away from dubious tax deductions, according to a new study.

The American Institute of CPAs has sent comments to the Internal Revenue Service and the Treasury Department asking for changes in the IRS’s draft Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent, and draft instructions.

Alex Malley, the chief executive of CPA Australia, a professional organization for accountants in the Land Down Under, has gotten a high-profile new gig: hosting a Sunday morning TV series on a top TV network there.