Michael Cohn

The IRS Electronic Tax Administration Advisory Committee presented its 2014 Annual Report to Congress during a public meeting Tuesday, with recommendations including the creation of an online IRS account for individual and business taxpayers and tax professionals.

The role of the finance team is expanding beyond traditional accounting and financial reporting function to include areas such as information technology development, cyber security and strategic business planning, according to a new survey by the American Institute of CPAs.

Technology and consumer electronics vendors showed off some of their latest wares at last week’s Digital Experience mini trade show in New York.

The new chairman of the California Society of CPAs and the new president of the CalCPA Education Foundation plan to focus on strategic priorities.

The International Accounting Standards Board announced its intention Monday to create a transition resource group that will focus on the upcoming new requirements for impairment of financial instruments under International Financial Reporting Standards.

Bloomberg BNA has released FATCA — Information Reporting and Withholding Under Chapter 4, a new report portfolio in which international tax practitioners from PricewaterhouseCoopers analyze the reporting and withholding requirements imposed by the Foreign Account Tax Compliance Act on both financial and non-financial institutions.

U.S. businesses have been growing their sales and expanding their profit margins at a healthy and consistent pace over the past year, according to the latest quarterly analysis of private-company financial statements by Sageworks,

The New York State Society of CPAs has elected Joseph M. Falbo Jr. of Grand Island, N.Y., as president-elect.

The Financial Accounting Standards Board has issued a new accounting standards update for stock compensation.

The Indiana CPA Society has established a CPA Center of Excellence to better prepare CPAs for the challenges of the future.

The Center for Audit Quality has released findings from a collaborative effort by members of the public company auditing profession to field test certain aspects of the Public Company Accounting Oversight Board’s auditor’s reporting model proposal.

The Internal Revenue Service generally took reasonable steps to plan for the required sequestration spending cuts in its fiscal year 2013 budget, although it needed to cut back on staffing for taxpayer service, collections and enforcement activity, according to a new government report.

Jordan Belfort, the stock fraudster played by Leonardo DiCaprio in Martin Scorsese’s dazzling movie, “The Wolf of Wall Street,” left behind a money trail that eventually led to his downfall, according to investigators who spoke at the Association of Certified Fraud Examiners annual fraud conference.

The House Judiciary Committee has approved legislation by a wide margin that would prohibit states from taxing Internet access.

The Internal Revenue Service needs to improve its processes for disposing of unneeded computers, printers and servers, according to a new government report.

A slim majority of CFOs think the state of the U.S. economy will improve rather than remain the same or worsen during the next six months, according to a new survey by Grant Thornton.

Paychex has acquired nettime solutions, LLC, a cloud-based time and attendance systems provider.

The Internal Revenue Service said Wednesday it would make major changes in its offshore voluntary compliance programs to provide new options to help both taxpayers residing overseas and those residing in the United States.

Lynn Calhoun has been named the new CFO of BDO USA LLP.

Flint Mobile has integrated its mobile phone payment app, which works without a card reader, with Intuit's QuickBooks Online to expedite payments for small businesses that work outside traditional storefront environments.