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.
June 8, 2022
Ledgible Closes $20M Series A Round with Key Institutional and Strategic Investors
Ledgible, a professional crypto tax and accounting platform, has received $20 million in funding for its Series A Round led by EJF Capital LLC ("EJF") through its affiliate, the EJF Silvergate Ventures Fund.
June 8, 2022
Leases Return to Pre-Pandemic Levels but at Post-Pandemic Prices
While the resurgence signals impressive resilience, companies are finding that the cost and liabilities of leases are on the rise amid an inflationary environment and lessors looking to recoup losses.
June 8, 2022
Miscommunication in Invoice-to-Cash Cycles Can Hurt Business Financial Health
The findings showed that 82% of executives say their company lost revenue due to miscommunication in the invoice-to-cash cycle, leaving money on the table and damaging customer relationships.
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June 8, 2022
CPAs Say IRS Issues Among Biggest Challenges
Difficulties in working with a resource-challenged Internal Revenue Service have become a more pressing concern for CPA firms over the past year, even as they grapple with lingering impacts from the pandemic, a new survey by the AICPA & CIMA shows.
June 8, 2022
People are Tipping Less Since Covid
The number of U.S. adults who say they always tip for services (servers at a sit-down restaurant, hairstylists/barbers, food delivery people, taxi/rideshare drivers, hotel housekeepers, coffee shop baristas and when picking up takeout food) has ...
June 7, 2022
Cost Segregation: Ideal for Multifamily Properties
In a cost segregation analysis, your client’s property elements are divided into two categories: real property, which includes permanent and immobile objects, like their building’s foundation, and personal property, which includes objects like kitchen ...
June 7, 2022
How to Benefit From the Portability Provision for Estate Taxes
The estate tax exemption is scheduled to revert to $5 million in 2026, with inflation indexing. Fortunately for married couples, the exemption is “portable” by law. In other words, the estate of the second spouse to die can benefit from any unused ...
June 6, 2022
Illinois CPA Society Presents Its 2022 Outstanding Educator Awards
The Illinois CPA Society (ICPAS) is honored to present its Outstanding Educator Award to three Illinois college and university accounting faculty as part of its 2022 awards program.
June 6, 2022
AICPA Releases New Quality Management Standards
The American Institute of CPAs’ Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's risk assessment and audit quality.
June 3, 2022
April Retail Sales Grew Despite Inflation
Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, according to the National Retail Federation.
June 3, 2022
AICPA News – June 2022
AICPA News is a round-up of recent announcements from the association.
June 3, 2022
Illinois CPA Society Presents 2022 Lester H. McKeever Jr. Advancing Diversity Awards
Each year, these awards are presented to an Outstanding Leader and an Emerging Leader in recognition of their commitment to advancing diversity in the accounting profession.