Michael Cohn

Private sector employment increased by 237,000 jobs last month, according to payroll giant ADP, in a sign of further strengthening in the economy.

Accountants could gain some extra business from the Obama administration’s proposed changes in determining overtime pay, according to the payroll giant Paychex, which found a slight decline in small business job growth in June in a mostly positive payroll report that it released Tuesday.

The Public Company Accounting Oversight Board proposed Tuesday to require firms to file a new PCAOB form to make public the name of the audit engagement partner and information about certain other participants in the audit, and also issued a concept release on audit quality indicators.

The Governmental Accounting Standards Board has finalized a new standard that aims to simplify the structure of the hierarchy of Generally Accepted Accounting Principles for state and local governments.

Wolters Kluwer Tax & Accounting US has released two new tax briefings on the Supreme Court’s rulings last week on the Affordable Care Act and same-sex marriage, along with trade legislation that contained several tax provisions.

The Supreme Court’s landmark ruling last Friday allowing same-sex marriages in every state opens up new tax and financial planning horizons for couples.

The Governmental Accounting Standards Board has published two new standards aimed at improving the accounting and financial reporting by state and local governments for post-employment benefits other than pensions, primarily retiree health insurance.

Citrin Cooperman was chosen as the CPA Firm of the Year during the Association for Corporate Growth New York Chapter’s 5th Annual Champion’s Awards.

XBRL US has joined up with five companies to improve the quality of financial filings in Extensible Business Reporting Language with the Securities and Exchange Commission.

Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, plans to introduce legislation in the wake of last week’s Supreme Court decision on same-sex marriage to change the Tax Code to provide gender-neutral treatment for spouses.

Walter J. Brasch of O’Connor Davies has been named president-elect of the New Jersey Society of CPAs, beginning his one-year term June 1, 2015.

Legislation passed by Congress this week extending a trade deal between the U.S. and sub-Saharan Africa included a number of tax-related provisions.

The Internal Revenue Service said in an email to tax professionals Friday that it is planning to send letters to federal tax return preparers with expired Preparer Tax Identification Numbers or who have personal non-compliance issues.

More than half of Americans admitted to postponing a major life decision, such as enrolling in higher education, retiring or starting a family, because of financial reasons, according to a new poll from the American Institute of CPAs.

The Electronic Tax Administration Advisory Committee released its annual report to Congress recommending changes in a wide range of electronic tax administration issues.

Officials from the Treasury Inspector General for Tax Administration told a congressional hearing that a number of backup tapes from Lois Lerner, the former director of the IRS’s Exempt Organizations unit, had been erased and they were unable to recover thousands of her old emails.

The recent debut of the Apple Watch and the increasing popularity of fitness trackers like the Fitbit show how wearable technology is becoming more commonplace in daily life, and even at workplaces such as accounting firms.

The Public Company Accounting Oversight Board has scheduled an open meeting for next Tuesday to consider the issuance of a supplemental request for comment on rules to require disclosure of certain audit participants and a concept release on audit quality indicators.

Senate Finance Committee ranking member Ron Wyden, D-Ore., has introduced legislation aimed at preventing offshore tax avoidance by some U.S. hedge fund “reinsurers.”

A pair of Democrats in the Senate and House have introduced legislation to end the tax break for carried interest that benefits hedge fund managers, private equity firm partners and venture capitalists.