Michael Cohn

The House and Senate held hearings Tuesday on the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan, also known as OECD BEPS, for combating tax avoidance by multinational corporations.

Congressional staff reportedly worked over the Thanksgiving weekend on negotiations over tax extenders, the dozens of expiring and already expired tax breaks that perennially occupy Washington just before the end of the year.

CliftonLarsonAllen announced a pair of mergers Tuesday, with Stanislawski & Harrison CPAs in Pasadena and Titus in Milwaukee and Chicago.

Paychex found a small uptick in employment growth among small businesses in November.

The Sustainability Accounting Standards Board released an implementation guide Tuesday to help public companies in the U.S. identify, understand and report on the sustainability topics most likely to be material to investors.

A recent report from the Institute of Internal Auditors focuses on how internal auditors view the value they bring to their organizations, even while many of their organizations have no performance measures in place for the internal audit function.

Peterson, Peterson & Goss, LC, a CPA and advisory firm in Wichita, Kan., will join the regional CPA firm BKD LLP, effective Dec. 1, 2015.

The Internal Revenue Service’s whistleblower program is plagued by delays, vague procedures, overpayments and underpayments, according to a new government report.

Wesley Snipes, the actor who fought an unsuccessful battle against the Internal Revenue Service over his unpaid taxes and ultimately served a nearly three-year prison term, is now in a fresh dispute with the agency.

The National Society of Accountants is offering some year-end tax tips for businesses, courtesy of Wolters Kluwer Tax & Accounting US.

The National Society of Accountants has released some suggested year-end tax tips for individuals, courtesy of Wolters Kluwer Tax & Accounting US.

Marcum LLP has expanded its construction practice by merging in DGLF CPAs & Business Advisors, a firm with offices in Nashville, Tenn., and Orlando, Fla.

Deloitte is advising corporate clients to be careful about their holiday gift giving so they don’t run afoul of laws like the Foreign Corrupt Practices Act.

The Internal Revenue Service has been developing a new system to detect fraudulent tax returns to replace an outdated system, but has not been able to phase out the old system, which could cost taxpayers an estimated $18 million per year to run both systems, according to a new report.

Ernst & Young LLP has merged in NorthPoint Digital, a digital services company based in New York, building EY’s array of technology services for clients.

Wolters Kluwer Tax & Accounting US has produced an infographic showing the states with the top 10 highest and lowest sales taxes, just in time for Black Friday and the kickoff of the holiday shopping season.

The Internal Revenue Service is simplifying the paperwork and recordkeeping requirements for small businesses by raising the safe harbor threshold for deducting certain capital items from $500 to $2,500.

The International Financial Reporting Standards Foundation, which oversees the International Accounting Standards Board, is forming a joint working group with the Chinese Ministry of Finance to explore ways to advance the use of IFRS within China, especially for internationally oriented Chinese companies.

The Internal Revenue Service plans to take extra steps to enforce the rules requiring information reporting of payment card transactions, such as those made through credit and debit cards.

CEOs of several major accounting organizations around the world have signed an open letter urging world leaders to agree on reducing carbon emissions.