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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Many layoffs so far have been in the Small Business/Self-Employed Division, but the Large Business & International Division has also been affected.
March 5 -
Private sector employers added 77,000 jobs in February, while annual pay grew 4.7% year over year, payroll processor ADP reported Wednesday.
March 5 -
The Institute is urging the Treasury to suspend and remove final regulations labeling some partnership related-party transactions as "transactions of interest."
March 3 -
At the same time, the Internal Revenue Service is planning to close over 100 in-person Taxpayer Assistance Centers.
March 3 -
The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.
March 3 -
The Top 25 Firm is the latest accounting firm to receive a private equity investment, in this case from funds advised by Apax Partners.
February 26 -
The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.
February 26 -
Treasury Secretary Scott Bessent named Internal Revenue Service chief operating officer Melanie Krause as acting commissioner after the retirement of Douglas O'Donnell.
February 25 -
The Pennsylvania Institute of CPAs released a report analyzing how firms can attract and retain talent amid the accountant shortage.
February 25 -
A group of former commissioners at the Internal Revenue Service is sounding the alarm about the thousands of layoffs at the agency in the midst of tax season.
February 25
