Michael Cohn

A new study questions the wisdom of the Financial Accounting Standards Board’s initiative to simplify accounting standards for private companies.

Nearly a thousand Internal Revenue Service employees who willfully violated the tax laws received suspensions, reprimands or counseling over a 10-year period instead of being fired, according to a new report.

The International Ethics Standards Board for Accountants has re-exposed a proposed standard to guide auditors, other professional accountants in public practice, and professional accountants in business to help them decide how best to act in the public interest when they come across an act or suspected act of non-compliance with laws and regulations.

ADP reported Wednesday that private sector employers added 169,000 jobs in April, as low oil prices and a strong dollar slowed down the hiring pace.

The Indiana CPA Society marked its 100th anniversary on Wednesday, May 6.

The Internal Revenue Service and the Treasury Department have issued proposed regulations relating to qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources.

The Internal Revenue Service has been unable to stop taxpayers from collecting billions of dollars in potentially erroneous education tax credits, according to a new government report.

The Treasury Inspector General for Tax Administration released a report last week showing that the Internal Revenue Service has made significant progress in processing applications for tax-exempt status from organizations, but it’s not enough to satisfy critics of the agency.

The hiring picture at small businesses improved slightly in April, according to the payroll giant Paychex.

Jackson Hewitt Tax Service reported the best results it has seen in over five years this tax season, in contrast with competing tax prep chains H&R Block and Liberty Tax.

The Internal Revenue Service has released the inflation-adjusted deduction limitations for annual contributions to health savings accounts in 2016.

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs’ Accounting and Review Services Committee.

A pair of senators introduced legislation Monday to expand access to tax-exempt bonds and federal tax credits to provide more money to state and local governments to spend on fixing the nation’s aging infrastructure.

The Foreign Account Tax Compliance Act is meeting with some success in prompting foreign banks to disclose the holdings of U.S. taxpayers to the Internal Revenue Service, according to a former IRS official.

Former pro football player Plaxico Burress has been indicted by a New Jersey grand jury in the first prosecution under a new statute that makes a failed electronic funds transfer the same as a bad check.

It’s official. Governor Nikki Halley has declared May 6 to be CPA Day in South Carolina.

Many high-income parents are concerned that by leaving a large inheritance, it can do more harm than good for their loved ones, according to a new survey.

With Small Business Week approaching next week, the Internal Revenue Service reminded small businesses Friday that have failed to timely file certain required retirement plan returns that they have until Tuesday, June 2 to take advantage of a special penalty relief program.

An Internal Revenue Service revenue officer has been indicted for committing mail and wire fraud, filing false tax returns, identity theft and perjury.

The Internal Revenue Service has made big strides in processing applications from groups seeking tax-exempt status, according to a new report from the Treasury Inspector General for Tax Administration, whose 2013 report precipitated the Tea Party targeting scandal that led to the ouster of several top IRS officials.