Michael Cohn

Editor-in-chief, AccountingToday.com

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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.

IRS

Coronavirus delays IRS reorganization

The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service.

By Michael Cohn

November 18
Lease accounting

Businesses reassess leases and accounting amid coronavirus

Nearly one-third of companies are reducing their overall real estate footprint as a result of the COVID-19 pandemic, with 31 percent of companies renegotiating leases for more favorable terms, according to a new report.

By Michael Cohn

November 18
Expense management

The craziest work-from-home expenses of 2020

Employees working remotely during the coronavirus pandemic claimed some outlandish expenses this year, including pricey exercise bikes, facelifts and private jets.

By Michael Cohn

November 18
Audits

News media provides important oversight of Big Four, study says

The press helps keep firms honest, according to a new academic paper.

By Michael Cohn

November 18
PwC

PwC acquires EagleDream Technologies

The Big Four firm has agreed to acquire the assets of a digital transformation company that's part of the Amazon Web Services Partner Network.

By Michael Cohn

November 18
M&A

Clairmont Paciello acquires Dreslin

Two Pennsylvania firms are combining forces.

By Michael Cohn

November 16
IMA

IMA releases guidance on revenue mgmt., profitability analytics

The institute released the pair of reports as companies increasingly rely on their CFOs and accounting departments to help them survive beyond the coronavirus pandemic.

By Michael Cohn

November 16
Tax crimes

IRS investigating fewer tax preparers

The Internal Revenue Service’s Criminal Investigation unit has been initiating fewer investigations of abusive tax return preparers this past year, while also recommending fewer prosecutions, and seeing fewer indictments and prison sentences this year.

By Michael Cohn

November 16
GASB

New GASB leases standard could be as difficult to implement as FASB’s

The Governmental Accounting Standards Board is giving state and local governments extra time to implement its new leases standard because of the coronavirus pandemic, and they will need it.

By Michael Cohn

November 13
IRS

IRS plans to mask info on business tax transcripts

The Internal Revenue Service intends to start “masking” sensitive information to safeguard taxpayers against the threat of identity theft.

By Michael Cohn

November 13