Taxes May 27, 2026
A previous IRS program that lets taxpayers request private letter rulings on “significant issues” in certain corporate transactions, rather than requiring a ruling on the entire transaction, is being revived by the tax agency.
February 24, 2022
How one accounting firm made it through a crippling staff shortage.The heralding of yet another new year sends a jolt of anxiety back into the accounting business, as our “busy season” is just around the corner again. It’s time to confront the ...
February 23, 2022
The Internal Revenue Service has announced that interest rates will increase for the calendar quarter beginning April 1, 2022. The rates will be: 4% for overpayments (3% in the case of a corporation);1.5% for the portion of a corporate overpayment...
February 23, 2022
In a survey of more than 2,300 senior managers in the U.S., nearly 4 in 10 respondents (39%) said it's more common for job candidates to cut off communication now than two years ago.
February 23, 2022
Home values are growing fastest in areas with the highest share of kids, reflecting the impact millennial house hunters are making on family-friendly neighborhoods with a shortage of homes for sale. A record number of millennials will reach key age ...
February 23, 2022
Accounting is perhaps the most essential part of any company. If you can’t record your transactions or produce financial reports, you don't have a business. While every department from sales to HR are getting great, new tools, the accounting team has ...
February 23, 2022
It’s no surprise that four months of stressing out and working crazy hours can take a toll on your mental and physical health. Add to that a pandemic that caused what felt like a two-year busy season, and many public accountants are over it.
February 23, 2022
Reporting cryptocurrency transactions to the IRS can be a complicated process, and while the IRS has put together a helpful FAQ, the Illinois CPA Society encourages taxpayers to partner with a CPA ...
February 23, 2022
A new survey from Grant Thornton LLP, one of the nation’s largest professional-services firms, reveals that many chief financial officers (CFOs) are preparing for a challenging 2022.
February 23, 2022
BKD’s Nonprofit Advisory Services can assist nonprofit leaders and CFOs with nonprofit financial reporting, grants management and compliance, audit preparation, budget development and more.
February 22, 2022
When accounting firms start on the path toward merger and acquisition (M&A), they don’t know if they will be successful. However, one outcome is clear: If either of the two practices doesn't have their act together, the likelihood for success is ...
February 22, 2022
Ralph Albert Thomas reflects on his path to becoming the first Black CEO of a state CPA Society and shares the impact of interviewing five of the first 100 Black CPAs in the United States during the Black CPA Centennial’s “First 100” video series, ...