Michael Cohn

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.

The Securities and Exchange Commission has filed financial fraud charges against four former officers of SMF Energy Corp., a bankrupt Fort Lauderdale, Fla., fuel transport company.

The personal finance website WalletHub has released its annual report on 2015’s Most & Least Fair State Tax Systems.

The International Federation of Accountants has released a Guide to Compilation Engagements to help accountants in small and midsize practices.

Presidential candidate Sen. Bernie Sanders, I-Vt., along with Sen. Sherrod Brown, D-Ohio, and seven of their Democratic colleagues in the Senate, have introduced legislation to repeal a tax on so-called “Cadillac” health plans.

A revenue agent for the Internal Revenue Service was arrested for accepting payment from a Seattle marijuana dispensary owner after allegedly soliciting a bribe.

The Sustainability Accounting Standards Board has issued provisional standards for eight more industries.

The Internal Revenue Service needs to improve the accuracy of how it decides which fees health insurance providers are supposed to pay each year under the Affordable Care Act, according to a new government report.

The Financial Accounting Standards Board has issued for public comment two exposure drafts related to materiality and its Disclosure Framework project with the goal of making financial disclosures more effective.

The U.S. government has signed “competent authority arrangements” with the United Kingdom and Australia to advance their intergovernmental agreements to combat tax evasion under the Foreign Account Tax Compliance Act, or FATCA.

Thomson Reuters has released a new program to help tax professionals and accounting firms educate their clients, prospects and client service teams about the latest developments in the field.

The Internal Revenue Service cannot readily identify American citizens and resident aliens working in a foreign country, as well as resident aliens working in the United States, who may have improperly claimed exemption from U.S. Social Security taxes, according to a new government report.

The Securities and Exchange Commission has charged the Jacksonville, Fla.-based retail chain Stein Mart Inc. with materially misstating its pre-tax income due to improper valuation of inventory subject to price discounts and for having inadequate internal accounting controls.

Two recent reports demonstrate how tax breaks at the state and federal level can help reduce poverty.

The Internal Revenue Service is testing a new Return Review Program to help identify instances of tax return fraud, but the security of the system needs improvement, according to a new government report.

Approximately 1,100 public companies changed their audit firms in 2014, a number approximately the same as in 2013, although one company managed to change its audit firm three times last year while another changed its audit firm for the first time since 1890.