Michael Cohn

Intuit has introduced a new QuickBooks app for Mac that brings the QuickBooks Online environment to Mac users.

Thomson Reuters has released a special report highlighting key provisions of the Affordable Care Act that employers, accounting firms and other professionals should understand to avoid tax penalties.

The House passed a pair of bills Thursday to provide tax breaks to businesses.

Facing a series of budget cuts in recent years, the Internal Revenue Service is being urged to set a long-term strategy and use return on investment data to better manage budget uncertainty and set priorities at the agency, in a new report from the Government Accountability Office.

The Financial Accounting Standards Board has released a new accounting standard to address some of the problems with financial reporting on repurchase agreements, such as those that contributed to the demise of MF Global.

Xero has released its online practice management system Xero Practice Manager, providing job, time and invoice management for accountants and bookkeepers.

CFOs around the world are taking a more aggressive approach to spending and investment over the next year, but CFOs in the U.S. remain cautious amid concerns about regulations and political gridlock, according to a new survey by American Express.

The Public Company Accounting Oversight Board has made public additional portions of a 2010 inspection report on Ernst & Young and 2008 and 2009 inspections of Grant Thornton because the firms failed to adequately address some of the quality control problems that the PCAOB had identified within a year, although Grant Thornton claims the problems have since been addressed.

The Internal Revenue Service has issued a revenue procedure providing safe harbors for applying the general welfare exclusion to Indian tribal government programs.

Thomson Reuters has introduced Checkpoint Catalyst, the latest generation of its online tax research system.

Genworth Financial has created a new Web site with information on long term care.

The Internal Revenue Service has issued final regulations that modify the standards governing written tax advice and update related provisions.

Doeren Mayhew, one of the top 100 CPA and advisory firms, has spun off its investment banking practice into a new investment bank, Doeren Mayhew Capital Advisors, to accommodate the firm’s growing mergers and acquisitions client base.

The Financial Accounting Standards Board has added two short-term projects to its agenda to simplify U.S. GAAP as part of its initiative to reduce complexity in accounting standards.

The Internal Revenue Service has adopted a "Taxpayer Bill of Rights" that it said would become a cornerstone document to provide the nation's taxpayers with a better understanding of their rights.

The Public Company Accounting Oversight Board adopted a new auditing standard Tuesday, along with amendments to other auditing standards, to require auditors to pay more attention to three critical areas of the audit: related-party transactions, significant unusual transactions, and a company’s financial relationships and transactions with its executive officers.

The Financial Accounting Standards Board issued an accounting standards update Tuesday to improve financial reporting for development-stage entities, eliminating the inception-to-date information and differences in consolidation guidance.

Amid continuing gridlock in Congress that has held up agreement between Democrats and Republicans on tax reform, the leaders of the Senate Finance Committee outlined a series of hearings this summer aimed at moving forward on the effort.

More than 70 percent of Fortune 500 companies booked their profits to offshore tax havens in 2013, with just 30 companies accounting for 62 percent of money in tax havens, according to a new report.

Christopher Cox, the former Securities and Exchange Commission chairman whose support for converging International Financial Reporting Standards with U.S. GAAP was crucial in setting up a “roadmap” for harmonizing the two sets of accounting standards, has reversed course.