Michael Cohn
Accounting Today
New York, NY, United States
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Past articles by Michael:
KPMG lays off nearly 2% of U.S. staff
The Big Four firm laid off approximately 700 people in its advisory business, or close to 2% of its total staff. → Read More
AICPA proposes extensive tax changes to Congress
The American Institute of CPAs sent a lengthy to-do list to Capitol Hill with a wide-ranging set of tax proposals large and small. → Read More
EITC rules have changed, so be careful
Some benefits actually expired and don't apply this year, and average tax refunds will probably be down as a result. → Read More
Small business wage growth slipped in December
Hourly earnings growth slowed last month to its weakest level since March of last year. → Read More
Omnibus spending package passes without tax extenders
The $1.7 trillion bill contains Secure 2.0, and changes in the Holding Foreign Companies Accountable Act and conservation easement rules, but it's missing some much desired tax breaks. → Read More
IRS delays $600 threshold for 1099-K reporting
The lower threshold threatened to generate millions of new forms going out to unsuspecting taxpayers and their accountants. → Read More
Decimal acquires KPMG Spark
A fintech company that handles bookkeeping and accounting operations for small and midsized businesses has acquired a cloud-based bookkeeping service from KPMG. → Read More
IRS raises interest rates for Q1 2023
With inflation at nearly a 40-year high, the Internal Revenue Service said interest rates will increase for the calendar quarter starting Jan. 1, 2023. → Read More
IRS posts info on required amendments for 403(b) plans
The Internal Revenue Service issued its annual notice on the amendments needed for retirement plans for employees of schools, tax-exempt organizations and ministers. → Read More
AICPA & CIMA offer ESG certificate program
The Association of International Certified Professional Accountants rolled out an environmental, social and governance training program for accountants. → Read More
Douglas O'Donnell named acting IRS commissioner
Treasury Secretary Janet Yellen picked the agency veteran, who has been deputy commissioner for services and enforcement since last year, to head the service. → Read More
FASB decides to measure digital assets at fair value
The board has decided to require companies to measure cryptocurrency assets at fair value. → Read More
PCAOB adds new projects to agendas
The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects. → Read More
IRS extends time to 'perfect' R&D credit claims
The service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit. → Read More
Security weaknesses at IRS facilities go unaddressed
The Internal Revenue Service needs to beef up security at its facilities to address ongoing threats, according to a recent report. → Read More
EY approves plan to split audit and consulting firms
The Big Four firm's leaders have approved a plan to separate EY's audit and consulting businesses around the world. → Read More
Small businesses increased wages in August
Hourly earnings grew at small businesses this month, but the pace of job growth slackened. → Read More
M&A roundup: M&J, Sax expand
Mauldin & Jenkins adds KRT CPAs; and Sax LLP acquires David Weiss CPA. → Read More
KWC merges in Kimble CPAs
The Alexandria, Virginia-based firm is expanding in Richmond with the deal. → Read More
SEC approves PCAOB standards on audits involving multiple firms
Gary Gensler has been encouraging the PCAOB to update more of the standards to take into account the way firms are working today. → Read More