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.

Bookkeeping

Breakaway signs up accountants, bookkeepers and advisors as virtual CFOs

Startup Breakaway Bookkeeping & Advising is building a network of finance professionals to act as virtual CFOs for small-business clients.

By Michael Cohn

July 13
SBA

SBA and Treasury streamline PPP loan forgiveness applications

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.

By Michael Cohn

June 17
IRS

IRS extends dates on balance due notices amid coronavirus

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

By Michael Cohn

June 12
IRS

IRS will waive fee for replacing discarded stimulus payment cards

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

By Michael Cohn

June 8
Tax regulations

IRS proposes new rules for retirement and annuity payments

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

By Michael Cohn

May 27
Paycheck Protection Program

Treasury, SBA post rules for PPP loan forgiveness

The latest version supplements the previously posted rules in order to help borrowers submit their loan forgiveness applications as provided under the CARES Act.

By Michael Cohn

May 27
IRS

IRS increases HSA limits for 2021

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

By Michael Cohn

May 20
IRS

IRS starts using prepaid debit cards to send stimulus payments

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

By Michael Cohn

May 19
IRS

IRS adding 3,500 phone reps to answer stimulus payment calls

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

By Michael Cohn

May 18
Paycheck Protection Program

SBA and Treasury roll out PPP loan forgiveness application

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

By Michael Cohn

May 18