Michael Cohn

Companies are expanding their hiring of tax professionals.

At a recent gathering of corporate tax professionals, many confessed to uneasiness about the damage to the reputations of their companies from media reports about their tax strategies.

The Financial Accounting Standards Board has released a proposed accounting standards update to clarify the guidance on performance obligations and licensing contained in the new revenue recognition standard.

Lawmakers in the House and Senate have re-introduced legislation to encourage the creation of employee stock ownership plans in S Corporations.

Greatland is adding year-end reporting for the Affordable Care Act to its W-2 and 1099 reporting software, Yearli.

The Private Company Council that the Financial Accounting Foundation created three years ago appears to be fulfilling its mission of providing relief for privately held companies from onerous accounting requirements, but some groups are worried that it will lose its powers and independence.

H&R Block is looking for accountants, bookkeepers and salespeople to join its recently launched Block Small Business service.

The Institute of Certified Public Accountants in Ireland, also known as CPA Ireland, has signed a memorandum of understanding with the Association of Certified Accountants and Auditors of Belarus, further extending the Institute’s international network and influence in Europe.

The American Institute of CPAs has created a new membership section for practitioners and others who serve or work for the not-for-profit sector.

A site that is used to process tax forms for nonprofit organizations on behalf of the Internal Revenue Service recently suffered a data breach.

The Internal Revenue Service’s Criminal Investigation division has created a cybercrime unit to combat the growing trend of identity theft-related tax fraud as the problem morphs into data breaches and becomes more international in scope.

Karen Hawkins, director of the IRS’s Office of Professional Responsibility, is stepping down in July from her position, which probes Circular 230 violations by tax practitioners.

The Internal Revenue Service has updated its list of designated private delivery services that meet the rules for determining the postmark for timely filing and payment, eliminating DHL and adding several FedEx services.

Victims of the severe storms, tornadoes, flooding, landslides, and mudslides that took place beginning on April 2, 2015, in parts of Kentucky may qualify for tax relief from the Internal Revenue Service.

A new survey from the staffing company Accountemps of 2,200 CFOs across the U.S. found that 63 percent plan to promote their top performers, while 52 percent intend to offer raises.

The International Federation of Accountants has released a new thought paper offering advice on risk management.

CFOs of multinational corporations have mixed reactions to the Organization of Economic Cooperation and Development’s crackdown on base erosion and profit shifting by global companies, according to a new survey.

Delays in employer and insurer reporting of health insurance information have reduced the IRS’s ability to determine whether taxpayers and their dependents have basic health insurance as required under the Affordable Care Act’s individual mandate, according to a new government report.

Securities and Exchange Commission chief accountant James Schnurr is rethinking a proposal he made last December that the SEC allow U.S. companies the option of providing some information, such as revenues, using International Financial Reporting Standards as a supplement to U.S. GAAP without requiring reconciliation.

The Public Company Accounting Oversight Board has issued a communication to audit committees known as an Audit Committee Dialogue, promising it will be the first in a series to provide insights from inspections of public company auditors that may be helpful to audit committee members in their oversight of auditors.