Michael Cohn

Frustrated taxpayers are encountering ever longer wait times on phones when seeking assistance from the Internal Revenue Service as tax season draws to a close, according to the head of the union representing IRS employees.

Late last month, the Securities and Exchange Commission adopted final rules to facilitate smaller companies’ access to capital and provide investors with more investment choices.

The consumer finance site WalletHub has released a new report ranking the states with the highest and lowest real estate and vehicle property taxes across the country.

Retention of staff members is the top issue cited by Maryland CPA firms, according to a new survey by the Maryland Association of CPAs, followed by finding qualified people.

While New York County, also known as Manhattan, topped the list of counties in 2013 ranked by average wages and salaries with $96,941, the richest county in the country during filing year 2013 in terms of average adjusted gross income was Teton County, Wyo.

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

The Internal Revenue Service and the Treasury Department have issued guidance aimed at making it easier for taxpayers to be automatically enrolled in retirement plans such as 401(k) and 403(b) plans by their employers, simplifying the correction methods if errors are made.

The Financial Accounting Standards Board is planning to propose two new projects as part of its initiative to simplify accounting standards, along with two new projects for FASB’s Emerging Issues Task Force.

Revenue growth expectations among CFOs in North America declined this quarter, according to a new survey by Deloitte.

KPMG has launched an advertising campaign featuring championship golfers Phil Mickelson and Stacy Lewis, centered around the advancement, development and empowerment of women in business and the sport of golf.

Better processes are needed to reduce the risks of employment tax fraud, according to a new government report.

The Financial Accounting Standards Board has voted to propose to defer the effective date of the new revenue recognition standard by one year after hearing feedback from constituents.

Employers added 189,000 jobs in March, according to payroll giant ADP, in a sign of softening in the labor market, mainly due to the decline in oil prices and surge in the value of the dollar.

WeiserMazars’ new CEO, Victor Wahba, told Accounting Today that he plans to do more mergers and acquisitions as part of the firm’s strategic plan.

Corporations could be erroneously claiming over $2 billion in carryforward general business credits, according to a new government report.

The Public Company Accounting Oversight Board has approved the reorganization of its auditing standards to help users navigate the standards more easily.

Filings of securities class actions with accounting-related allegations increased 47 percent in 2014, according to a new study.

Even though tax season is getting close to the end, there are still some important tips that accountants can share with their clients by April 15, and beyond.

The accounting profession is facing a period of upheaval as Baby Boomers retire and firms experience mergers and leadership shifts, according to a new report.

Nearly half of Americans are saving no more than 5 percent of their incomes, while 18 percent are saving nothing at all, according to a new report.