Michael Cohn

The Governmental Accounting Standards Board voted unanimously Wednesday to approve two exposure drafts proposing significant improvements to financial reporting by state and local governments of other post-employment benefits, such as retiree health insurance.

The Financial Accounting Standards Board and the International Accounting Standards Board have released their long-awaited converged standard on revenue recognition after more than a decade of effort.

Thomson Reuters has released a pair of new client marketing newsletters for CPA firms seeking to grow their accounting, auditing and international tax practices.

The National Conference of CPA Practitioners is questioning a proposal to reinstate a discontinued program that would allow private contractors to collect unpaid tax debts on behalf of the Internal Revenue Service.

The effects of the Affordable Care Act may be weighing less heavily on the hiring plans of U.S. privately held companies this year, according to a survey of accountants who work with small businesses.

The Internal Revenue Service has ruled that employers are not in compliance with the Affordable Care Act if they simply reimburse employees for buying insurance through one of the exchanges instead of establishing a health insurance plan for employees.

A Rhode Island man has been convicted of threatening to assault and murder an Internal Revenue Service revenue agent and his family.

The Internal Revenue Service said it is now allowing some suspended or disbarred tax practitioners to obtain or renew preparer tax identification numbers and prepare federal tax returns for compensation as a result of recent court decisions in the Loving v. IRS case.

The American Institute of CPAs has issued an exposure draft proposing changes in its standards for performing and reporting on peer reviews and engagement reviews of CPA firms.

The IRS Oversight Board has sent a letter to the leaders of Congress’s main tax committees urging them not to re-instate a privatized tax debt collection program.

The Internal Revenue Service plans to substantially change the regulations it proposed last fall for tax-exempt “social welfare” organizations and their political activities before moving ahead with a public hearing.

The Internal Revenue Service said Thursday its new Web-based system, IRS Direct Pay, has been used by more than 150,000 taxpayers so far.

The Internal Revenue Service’s Employee Plans Compliance Unit recently looked at whether employee benefit plan sponsors had completed all the necessary steps after filing a Form 5500-series return showing they had adopted a resolution to terminate the plan, and found that many did not.

The Internal Revenue Service said Thursday it will begin a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents.

Financial stress among employees increased significantly last year, according to a new survey, with 23 percent reporting "high" or "overwhelming" levels of financial stress compared to only 18 percent in 2012 and 19 percent in 2011.

The Association for Financial Professionals has introduced a global credential for corporate financial planning and analysis professionals.

The American Institute of CPAs is working with the College Board to develop an advanced placement course in accounting for high school students.

Twenty-five percent of Americans across all age groups admit they are not saving at all for retirement, or are unsure, according to a new survey.

The Internal Revenue Service and the Free File Alliance, have signed a one-year extension of their partnership to makes free tax software available to taxpayers.

The balances of Roth IRAs grew at more than double the rate of traditional individual retirement accounts from 2010 to 2012, according to a new analysis by the Employee Benefit Research Institute.