Michael Cohn

The Justice Department asked the Supreme Court to lift the injunction on the beneficial ownership information reporting requirement of the Corporate Transparency Act.

The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.

The merger will allow BerryDunn to expand into the veterinary practice market and bolster its existing construction practice.

The Fifth Circuit has reinstated an injunction on beneficial ownership reporting only days after lifting it.

Private collection agencies have recovered only about $2.4 billion in tax debt payments since April 2017 out of the $64.9 billion assigned to them by the IRS.

The Internal Revenue Service's program for destroying sensitive paper documents needs to be improved after inspectors found many documents easily accessible.

Companies that work with auditors who have more industry experience but charge more than competitors offering "lowball" fees tend to save more money in the end.

After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.

Only about one-third of taxpayers globally believe tax revenues in their country are being spent for the public good.

In a comment letter, the institute says the board's new requirements could drive smaller auditing firms out of the market.

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.

The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.

The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.

Chief financial officers continue to experience a downward decline in tenure and the lowest level of job security in the C-suite, according to a new study.

The average audit fee increased to $3.01 million in 2023, up from $2.83 million in the previous cycle, according to a new report.

The Institute of Internal Auditors and the Association of Chartered Certified Accountants have renewed their memorandum of understanding for another three years.

Kahn, Berman, Solomon, Taibel & Mogol in Hunt Valley, Maryland, is adding Varanko & Black CPAs, another firm in Baltimore County, effective Jan. 1, 2025.

The American Institute of CPAs has published a new guide on best practices for the accounting and valuation of business combinations such as M&A.