Michael Cohn

Reporting of non-financial performance data is a problem for more than half of nonprofits, according to a new survey.

The vast majority of companies are not prepared for the major changes in accounting and business operations required by the new revenue recognition standard, according to a new survey.

Reducing the corporate tax rate to 25 to 30 percent would discourage profit shifting by multinationals, according to a new report from the Tax Foundation.

The Association of Chartered Certified Accountants and the Institute of Management Accountants held a panel discussion at St. John’s University in New York on Wednesday evening to discuss how accountants and C-suite executives need to manage business risks.

The Internal Revenue Service said Thursday that federal tax preparers will soon pay less for a preparer tax identification number, or PTIN, and reminded non-credentialed tax preparers of major upcoming changes regarding which preparers can represent clients in matters before the IRS, starting next year.

Rep. Sam Johnson, R-Texas, has been named acting chairman of the House Ways and Means Committee, the main tax-writing committee in Congress.

CPA.com, the American Institute of CPAs’ technology arm, has formed a strategic alliance with Vertex SMB to help CPA firms with sales tax compliance for their business clients.

Kabat, Schertzer, De La Torre, Taraboulos and Company, a Miami-based accounting and tax advisory firm, has merged in Roth, Jonas and Mittelberg, a nearly 50-year-old Miami firm.

Top 100 firm Citrin Cooperman has acquired Joel Popkin & Company, expanding its presence in New York City and adding new clients in the restaurant and nightclub business.

SurePayroll has released the October edition of its Small Business Scorecard just in time for Halloween.

Crowe Horwath LLP has issued a year-end tax-planning guide with information on income tax deductions, investments, retirement and estate planning and tax rates, along with what to do about the uncertain state of the tax extenders legislation in Congress.

The American Institute of CPAs’ Auditing Standards Board has issued a new auditing standard on internal control and an interpretation related to the sustainability financial statements used by the government for long-term projections of social insurance programs.

The Internal Revenue Service’s Information Reporting Program Advisory Committee issued its annual report for 2015, with numerous recommendations including changes in the IRS’s Taxpayer Identification Number Matching Program.

House Oversight and Government Reform Committee Chairman Jason Chaffetz, R-Utah, and 18 Republican members of his committee have introduced a resolution to begin proceedings in the House to impeach Internal Revenue Service Commissioner John Koskinen.

AccountantsWorld CEO Dr. Chandra Bhansali is warning about the tax season crunch that many accountants will be facing in a few months when their clients come in to not only do their taxes, but also close the books on their small businesses, while getting help complying with the Affordable Care Act.

Top 100 accounting firm Mountjoy Chilton Medley LLP plans to merge in Cincinnati-based CPA firm Cooney Faulkner & Stevens, effective Jan. 1, 2016.

The Securities and Exchange Commission has charged the St. Joe Company, a Watersound, Fla.-based real estate developer and landowner, its former top executives, and two former accounting department directors, with improperly accounting for the declining value of its residential real estate developments during the financial crisis.

The Sustainability Accounting Standards Board has introduced a new credential for accountants and other professionals who deal with sustainability issues.

The Senate Finance Committee held a hearing Tuesday to find out from Internal Revenue Service commissioner John Koskinen how his agency has responded to the committee’s recommendations in an August report on the scandal involving how the IRS reviewed applications for tax-exempt status by political groups.

Thomson Reuters has published a guide for tax professionals whose clients have been victimized by tax-related identity theft.