Michael Cohn

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.

The Public Company Accounting Oversight Board released a document Thursday describing its main objectives, focus and scope when inspecting audit firms this year.

Intuit’s monthly Small Business Indexes indicated small business employment remained unchanged in September, with employees paid slightly more while working slightly less throughout the month.

The Internal Revenue Service improperly withheld information from people requesting it under the Freedom of Information Act, according to a new government report.

Paychex reported some softening in employment growth among small businesses last month.

The Governmental Accounting Standards Board has issued a proposed Implementation Guide containing questions and answers aimed at clarifying, explaining and elaborating on recent GASB standards.

The Securities and Exchange Commission has charged five Florida residents—including an accountant and two lawyers—with insider trading ahead of the acquisition of Pharmasset by Gilead Sciences.

The Financial Accounting Standards Board has issued a proposed accounting standards update to improve the guidance on collectibility, noncash consideration, and completed contracts at transition in the new revenue recognition standard.

Private sector employment increased by 200,000 in September, according to payroll giant ADP, in another sign of an improving economy, albeit with some negative indicators.

Pennsylvania accounting firms Wouch, Maloney & Co., LLP and Edward F. Burger & Associates, LLC have agreed to merge.

A group of Senate Democrats have unveiled a bill to provide more incentives for clean energy, including tax breaks.