Latest Articles

July 3, 2018 

Growing up I was taught by my parents to get a job and keep a job. Period. It was ingrained in me that once I graduated college, I needed to land at a good company and stay there. The big reward would be retirement at 40 years with a fancy company pen ...

July 3, 2018 

The large national accounting firm WithumSmith+Brown has announced the promotion of three senior managers to the position of partner. Ryan Babiak, Joseph Cassano and Shawn P. Gillon are the newest partners to join the firm’s growing corporate leadership team, effective July 1, 2018. New partner bios can be viewed here. “Ryan, Joe and Shawn represent...…

June 29, 2018 

Every change we face — and we face a lot in the tax and accounting profession — inserts many variables and decision points that must be accounted for. However, a good process and supporting toolset that gives you visibility into your workflow can ...

June 29, 2018 

More than 70 percent of Americans over the age of 65 will need long-term health care services, according to the U.S. Department of Health and Human Services. Yet, according to the Employee Benefit Research Institute, only 13 percent of those who ...

June 29, 2018 

The latest numbers on student debt in the U.S. are not pretty. 70 percent of 2017 college graduates left school with loan debt1 $39,400 average total student loan debt amount1 $351 average monthly student loan payment1 What’s more, studies show 73 percent of millennials are in debt… 68 percent report debt has negatively impacted their...…

June 29, 2018 

Each year about 1 in 160 individual taxpayers are audited; although, the chance of an audit goes up as income increases. About 1 in 50 tax returns reporting gross income above $500,000 are audited, and for returns reporting more than $5 million in ...

June 28, 2018 

The Student Case Competition gives students an opportunity to analyze a relevant case study and develop a solution. Teams submit videos to present their case analysis and from there the finalists present to an audience at the IMA’s Annual Conference ...

June 28, 2018 

The iXBRL specification is used by millions of companies around the world to report their financial information. Based on discussions with companies implementing and using iXBRL, the AICPA believes that the use of iXBRL by filers will ...

June 28, 2018 

Once bitten, twice (thrice or more) shy? Unfortunately, of the businesses that reported having a cyber attack, 44% of them said they "had been attacked two, three or four times."

June 28, 2018 

Michigan Ross Professor Maxim Sytch walks you through a quick “Personal Power Audit” that measures just how replaceable you are on the job. And if find yourself a little alarmed about your results, don’t worry: Sytch offers five concrete steps to take that can help improve your job security. Subscribe for more: http://bit.ly/RossSubscribe

June 28, 2018 

In today’s customer-centric services economy, organizations are challenged to interpret the overwhelming amount of captured customer and financial data, and adapt to changing market and customer demands at speed. To help tackle these challenges, ...

June 28, 2018 

Supported by contributions to the CPA Endowment Fund of Illinois, the Society’s Scholarship Program recognizes accounting students who demonstrate strong academic performance, leadership qualities and financial need.