Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for Red Herring, Internet World, Beyond Computing, Accounting Technology and PC Magazine, and freelanced for a variety of other business publications. A graduate of the University of Pennsylvania with a BA in English, he studied accounting at the Wharton School of Business, and currently lives in New York City.
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These are the first sanctions ever against a firm over independence violations because it's a member of an alliance where another firm did work for the same client.
By Michael CohnAugust 29 -
Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.
By Michael CohnAugust 29 -
The rate of growth for hiring and hourly earnings stabilized this month, according to Paychex.
By Michael CohnAugust 29 -
The IRS and the Treasury issued guidance on some of the requirements for claiming credits under the Inflation Reduction Act.
By Michael CohnAugust 29 -
The Internal Revenue Service correctly calculated the allowable Recovery Rebate Credit for the vast majority of 2021 tax returns, but some erroneous payments were made, according to a new report.
By Michael CohnAugust 28 -
Accounting firms have been facing problems in filling their open positions as the number of new accountants declines, and one solution may involve rehiring past employees.
By Michael CohnAugust 28 -
Dozens of firms have signed onto an initiative to stop underselling the worth of accountants and collect payments on time from clients.
By Michael CohnAugust 28 -
The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.
By Michael CohnAugust 25 -
Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.
By Michael CohnAugust 25 -
Employees weren't always following the rules when it came to talking to taxpayers instead of representatives like accountants and attorneys.
By Michael CohnAugust 24