Taxes December 24, 2025
Tax Tips on Life Insurance Loans
If you acquire permanent whole life insurance as opposed to term life insurance, your premium payments build up a cash value in the policy.
May 17, 2022
Illinois CPA Society Honors 2022 Women to Watch Award Winners
The Illinois CPA Society (ICPAS), in partnership with the ICPAS Women’s Committee and the AICPA Women’s Initiatives Executive Committee, presented the winners of the prestigious 2022 Women to Watch Awards at the ICPAS Women’s Leadership Forum, held ...
May 17, 2022
The Secure Act and the Growing Popularity of Roth Conversions
The SECURE Act is a significant change to the retirement landscape. One of the areas it especially impacted is Roth IRAs. So, what does this mean for you and your clients? And, how can you best navigate the changes given proposed tax law changes?
May 17, 2022
Outstanding CPAs Honored by Indiana CPA Society
The Indiana CPA Society honored the state's top CPAs at its annual CPA Celebration on May 13. Each individual was nominated by their peers or Society staff and selected by an awards committee comprised of members of the board of directors.
May 17, 2022
Retail Sales Remain High Despite Inflation
The data suggest that Americans are still spending on merchandise at a rapid clip — potentially fueled by credit-card borrowing — even as prices rise at the fastest pace in decades. That said, economists expect consumer spending to shift away from ...
May 17, 2022
Baker Tilly Acquires Accounting Firm Bader Martin
Business advisory CPA firm Baker Tilly US, LLP (Baker Tilly) enters the Pacific Northwest with the acquisition of accounting firm Bader Martin, P.S. (Bader Martin) effective June 1.
May 17, 2022
Almost Half of Gen Y Workers Insist on Remote Flexibility
It’s not just the younger generation that want more flexible working. Independent research has shown that over a third of American office workers (39%) are ready to quit if their employer doesn’t offer flexible working and 1 in 5 (21%) are not happy ...
May 16, 2022
Professionals on the Move – May 2022
Professionals on the Move is a round-up of recent promotions and new hires in and around the accounting profession.
May 16, 2022
Donating Your Andy Warhol? The Tax Implications
In May, 2022, Andy Warhol’s “Shot Sage Blue Marilyn” sold for a record $195 million, making the portrait of Marilyn Monroe the most expensive work by a U.S. artist ever sold at auction. The seller, the Thomas and Doris Ammann Foundation Zurich, is a ...
May 16, 2022
Avalara Launches Transfer Pricing Reports for Accountants
This new solution, designed for use by transfer pricing experts and non-experts working in firms of all sizes, delivers the automation to grow a global tax compliance service, providing U.S. and OECD transfer pricing reports to clients as needed for ...
May 13, 2022
Businesses Increase Employee Mental Health Support, But Many Workers Are Still Struggling
Half of workers still report their mental health has deteriorated since the start of the pandemic, with 58 percent citing increased work hours or workload as taking the greatest toll. 84 percent of employees report they can’t stop thinking about work.
May 13, 2022
Report: IRS Destroyed 30 Million Paper Tax Documents
An audit by the Treasury Inspector General for Tax Administration (TIGTA) has found that the Internal Revenue Service made an intentional decision "to destroy an estimated 30 million paper-filed information return documents in March 2021."
Technology May 13, 2022
Your Firm’s Next Hire: A Project Manager
Running a modern firm is a team sport. So if you want to increase your capacity and capability to get these projects done successfully, you need to hire a project manager.