Michael Cohn

Basis, an AI agent platform for accountants that reached a $1.15 billion valuation, debuted a website that provides a tribute to the accounting profession.

Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.

The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.

The International Ethics Standards Board for Accountants released a staff publication on the ethical implications of emerging technologies such as AI.

Technology disruption and AI-related competitive pressures rank among the top risks facing companies, according to a new survey of audit firm partners by the Center for Audit Quality.

Central organizations at nonprofits with local affiliates are now required to file a new form with the IRS to maintain their tax-exempt status.

The Institute of Management Accountants' MACI measures how strongly organizations value the competencies that shape business performance.

The National Taxpayers Union Foundation's Taxpayer Defense Center filed a lawsuit seeking to end the collection of donor information from nonprofits.

The Trump administration is in the process of refunding tariffs to importers, but the threat of further tariffs has clouded the picture for companies and accountants.

Final regulations on Section 1035 insurance exchanges eliminate problems from earlier regulations that affected corporate reorganizations and death benefits.

Accounting firms have been fielding offers from a growing number of private equity investors as PE money continues to pour into the accounting sector.

The IRS provided an electronic way to file a protective claim for a possible tax refund related to the COVID-19 pandemic ahead of a July 10 deadline.

Final regulations identify charitable remainder annuity trusts as "listed transactions," akin to tax shelters that need to be disclosed to avoid penalties.

A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and paying their taxes on time.

Athletes from countries across the globe competing in the World Cup may be going home with an unwelcome prize this year: a hefty tax bill from the United States.

Ernst & Young is expanding its use of artificial intelligence to make the tax preparation process more efficient, while also recognizing its limitations.

UHY has added RBT CPAs LLP, expanding the Michigan-based Top 50 Firm's presence to New York's Hudson Valley and bolstering its wealth management practice.

The Internal Revenue Service's Taxpayer Assistance Centers staff provided incorrect advice about the tax laws in nearly half the visits by inspectors.

The tax-writing House Ways and Means Committee held a hearing to consider and pass eight bills related to tax administration and the Internal Revenue Service.

The Financial Accounting Standards Board wants to amend how investment companies measure the fair value of a security subject to a contractual sale restriction.