Michael Cohn

Small business owners with between one and 10 employees are more optimistic about the economy than they have been in two years, according to a new survey by payroll provider SurePayroll.

James Schnurr, the recently appointed chief accountant at the Securities and Exchange Commission, had an intriguing suggestion recently: why not allow U.S. companies to use International Financial Reporting Standards on a voluntary basis as a supplement to their U.S. GAAP financial statements?

The Internal Revenue Service reportedly sent over 2,500 letters last month to tax preparers warning about potential errors that the IRS spotted on the Schedule C they filed for their sole proprietor business clients.

The Internal Revenue Service and the Treasury Department have issued final regulations under the Affordable Care Act to protect patients in tax-exempt hospitals from aggressive debt collection practices and to provide other rules for charitable hospitals.

The end of the year is traditionally the time when taxpayers rush to get their last-minute charitable contributions made so they can write off the deductions on their taxes before April 15.

KPMG is highlighting some of the main business tax issues that are likely to play a role in the debate next year over tax reform as a new Congress takes office.

Companies where women are CFOs are less likely to adopt risky tax strategies than companies managed by male CFOs, according to a new academic study.

The Securities and Exchange Commission has launched a pilot program aimed at simplifying investor analysis and comparisons of public company financial statement data using Extensible Business Reporting Language, or XBRL, and other types of data.

Over the past year, private companies grew sales 8.6 percent and are seeing their highest net profit margin in three years, at 6.6 percent, according to a new report from the financial information company Sageworks.

More companies are reporting an increased number of open accounting, finance and information technology positions, according to a new study.

The International Auditing and Assurance Standards Board has released a strategy and work plan for improving audit quality in the new few years.

The Internal Revenue Service has issued a revenue procedure that describes several safe harbor methods of accounting for certain property costs paid or incurred by cable system operators.

The Internal Revenue Service has issued a new publication to help taxpayers better understand how the Affordable Care Act affects their taxes.

SocialCPAs and Inovautus Consulting have released the results of their annual survey of how accounting firms use social media, and the results are not encouraging.

KPMG’s investment arm, KPMG Capital, has begun making some of its first investments in data analytics companies, with the first funding made public in the Los Angeles-based company Bottlenose, which specializes in real-time trend intelligence.

An tax preparer was sentenced to 57 months in prison for filing false claims with the Internal Revenue Service using the identification of a dead tax return preparer whose practice he had acquired and preparing false documents for numerous fraudulent loans and tax returns.

The Financial Accounting Standards Board said Thursday the the 2015 GAAP Financial Reporting Taxonomy is now available, although it is pending final acceptance by the Securities and Exchange Commission.

The Internal Revenue Service is joining with several national tax and accounting organizations to give taxpayers new options and tips on selecting reputable tax professionals and avoiding unscrupulous preparers.

The Internal Revenue Service has decreased its oversight of charities in recent years due to budget cuts and political pressure.

The Public Company Accounting Oversight Board has announced a settled disciplinary order against a partner of Grant Thornton Taiyo ASG LLC, Grant Thornton’s member firm in Japan, for his failure to properly address numerous risks of material misstatement of which he was aware in a 2010 audit of Baldwin-Japan Limited.