Michael Cohn

The Internal Revenue Service has made only limited progress to date in eliminating the unnecessary use of Social Security Numbers in tax forms, letters and notices, according to a new report, leaving taxpayers exposed to potential identity theft.

The leaders of the Senate Finance Committee are asking Volkswagen about the federal tax credits given to buyers of its vehicles for owning energy-efficient cars, amid revelations that the automaker programmed its devices to cheat emissions tests.

Nearly three-quarters of Fortune 500 companies booked their profits to tax havens last year, with just 30 companies accounting for 62 percent of earnings stashed offshore, according to a new report.

The Securities and Exchange Commission has charged two former top executives at OCZ Technology Group Inc. for accounting failures at the now-bankrupt seller of computer memory storage and power supply devices.

One of Canada’s largest accounting firms, MNP LLP, has chosen a new CEO, Jason Tuffs, who took over as the fourth CEO in the firm’s 58-year history on October 1.

More than half of small business owners are handling payroll, human resources and benefits administration by themselves, according to a new survey.

More than 20 percent of corporate board directors said their boards have been approached by activist investors during the past year, according to a new survey, but 46 percent of those polled have no plan in place for responding to activist investor challenges.

Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, said Tuesday it earned revenues of $1.45 billion for fiscal year 2015, which ended July 31, 2015, a new record for the firm, representing a 6.9 percent increase over the previous fiscal year under a new CEO.

One-quarter of corporate tax and transfer pricing directors believe their companies will fail to meet the first deadline proposed by the Organization for Economic Cooperation and Development in its Base Erosion and Profit Shifting Action Plan, according to a new survey.

Attitudes toward work/life balance vary among accountants in different countries, according to a survey by the Institute of Management Accountants.

The Internal Revenue Service said Friday it has met a key milestone relating to the Foreign Account Tax Compliance Act, or FATCA, having begun exchanging tax information with certain foreign governments in time to meet a Sept. 30, 2015 deadline.

The International Federation of Accountants is asking for professional organizations of accountants to join it in helping foster similar organizations in developing countries.

The Senate Finance Committee held a hearing on improper payments, including what role is played by tax preparers in claiming the Earned Income Tax Credit on behalf of clients.

Amid a slowing global economy, the Bureau of Labor Statistics reported Friday that the U.S. added a lackluster 142,000 jobs in September, including 5,400 in accounting and bookkeeping services, leaving the unemployment rate unchanged at 5.1 percent.

Grant Thornton has rolled out a new benefit enhancement that will allow the firm’s employees to take time off as needed to meet their individual needs instead of a predetermined set of paid time off days.

The Internal Revenue Service has released a set of priorities for its Tax Exempt and Government Entities Division as it tries to turn the page on a scandal involving applications for tax-exempt status by conservative political groups.

The Internal Revenue Service is having trouble keeping track of correspondence with international taxpayers, according to a new report.

The Securities and Exchange Commission has charged Grant Thornton India LLP and Australia-based Grant Thornton Audit Pty Limited with auditor independence violations.

Regional CPA firm Eide Bailly plans to merge in Arizona CPA firm Beckman & Kunkin on Nov. 2.

HBK CPAs & Consultants has signed a merger agreement under which Norman, Jones, Enlow & Co. of Columbus, Ohio, will join its firm.