Michael Cohn

Small businesses with fewer than 50 employees maintained steady job growth and hourly earnings growth this past month, according to payroll company Paychex.

The One Big Beautiful Bill Act is abruptly curtailing the $7,500 tax credit for new electric vehicles and $4,000 for used EVs.

The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

The Treasury and the IRS issued guidance on qualified OZ investments in rural areas under the One Big Beautiful Bill Act.

The plan estimates up to half a workday would be needed to complete shutdown activities.

The Public Company Accounting Oversight Board co-hosted a two-day conference highlighting the work of academic researchers.

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

Grant Thornton Advisors is growing internationally, as GT member firms in France, Spain and Belgium join the platform.

The Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.

The Internal Revenue Service's contingency plans for a government shutdown are currently unknown, with the web page for the most recent plan from last December returning an error message as of Friday afternoon.

Some cannabis companies are getting around the tax problems they typically face by setting up employee stock ownership plans.

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

The Treasury Department reported it has made significant progress on modernizing information systems at the Internal Revenue Service and signed agreements.

The Top 25 Firm is expanding in the Midwest by acquiring Mize CPAs in Topeka, Kansas, along with its affiliated wealth management firm, Prism Financial Group.

Bolotin Financial Group joins EisnerAmper's Prosperity, and 512Financial acquires HireBetter.

The proposed regulations on the "no tax on tips" provision of the One Big Beautiful Bill Act outline which jobs and tips would be eligible.

Senate and House Democrats proposed a bill to ensure billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced legislation pertaining to the IRS and the U.S. Tax Court.

The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs.

The music superstar and Kansas City Chiefs football player together would have a vast fortune and are likely to need expert tax and financial planning advice.

The AICPA Peer Review Board wants to update its requirements as more accounting firms get outside funding.