Michael Cohn

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.

Organizations across the globe are losing an estimated 5 percent of their annual revenues to occupational fraud, according to a new report from the Association of Certified Fraud Examiners, with total losses estimated at about $3.5 trillion.

A new report from the advocacy group Citizens for Tax Justice finds that 301 Fortune 500 companies hold a combined $2 trillion offshore, collectively avoiding $550 billion in U.S. corporate income taxes, while a contrasting report from the Tax Foundation found that U.S. multinational corporations reported paying more than $128 billion in corporate taxes to foreign countries on $470 billion of taxable income in 2010—an effective rate of 27.2 percent before also paying U.S. taxes.

The economic benefits of the income exclusion for U.S. citizens working abroad are uncertain, according to a new government report.

The Securities and Exchange Commission charged the former chief risk officer at Deloitte LLP with violating auditor independence rules by accepting casino markers from a casino gaming company client.

Rep. Jim Renacci, R-Ohio, a CPA, has introduced a bipartisan bill to bring more accountability and transparency to the federal government’s financial statements by making the Federal Accounting Standards Advisory Board more independent.

Thomson Reuters has released a tax act overview and monthly client marketing newsletter focused on the Affordable Care Act that tax, accounting and employee benefits firms can provide to clients, prospects and other contacts.

Democrats in the House and Senate introduced legislation Tuesday to tighten the restrictions on corporate tax inversions, limiting the ability of U.S.-based companies to avoid U.S. taxes by combining with a smaller foreign business and moving their tax domicile overseas.

The Internal Revenue Service needs to better adhere to requirements to justify and document noncompetitive contract awards, according to a new report.

The International Ethics Standards Board for Accountants has released for public comment an exposure draft on proposed changes to certain provisions of the ethics code related to non-assurance services for audit clients.

A task force at the American Institute of CPAs is urging CPAs to embrace new ways of learning and professional development to compete better in a rapidly evolving global marketplace.

American Institute of CPAs president and CEO Barry Melancon discussed the need for greater diversity at CPA firms as efforts at greater inclusion seem to be running into some headwinds.

The American Institute of CPAs is pushing back against a proposal by Internal Revenue Service commissioner John Koskinen to offer a form of voluntary tax preparer certification after a series of court rulings invalidated the IRS’s efforts to require mandatory testing and continuing education of preparers.

The American Institute of CPAs has honored CPAs Vern Hoven and Sharon Kreider with the 2014 Sidney Kess Award for Excellence in Continuing Education.

CPA2Biz, the business and technology subsidiary of the American Institute of CPAs, has changed its company name to CPA.com to more closely align with its mission of “empowering CPAs and businesses for the digital age.”

The Association for Accounting Marketing and Hinge Research Institute have released a study that examines overall marketing spending at accounting firms, including compensation for marketing staff, the top five spending categories, and detailed budget breakdowns by firm size and market location.

The American Institute of CPAs has presented its AICPA Medal of Honor to Gary M. Scopes and its Public Service Award to Diane Cornwell.

The U.S. Court of Appeals for the D.C. Circuit has denied an emergency motion by the National Association of Manufacturers, the U.S. Chamber of Commerce and the Business Roundtable to stay the Securities and Exchange Commission’s conflict minerals rule under the Dodd-Frank Act requiring companies to disclose their use of minerals such as tungsten and tin mined in war-torn areas of Africa like the Democratic Republic of the Congo.