Latest Articles

June 14, 2017 

A reduced tax rate for income of small businesses would place additional pressure on the need to distinguish between profits of the business and compensation of the owner-operators, Nellen noted. “We should continue to use traditional definitions of ...

June 14, 2017 

The Illinois CPA Society recently honored several award recipients at its annual Leadership Recognition Dinner on June 7 in Chicago. Honorees were recognized for their dedication to the profession and nominated by peers, colleagues and others.

June 14, 2017 

Finding and retaining staff are the top issues facing CPA firms this year, and talent pool challenges are expected to have the biggest impact on public accounting practice operations over the next five years, too, new research released at AICPA ENGAGE ...

June 14, 2017 

A 25-year member of GSCPA, Mr. Chandler has served as chair-elect, treasurer, and director of the GSCPA Board of Directors as well as a member of the GSCPA Leadership Council. He is a former chair of GSCPA's Professional Ethics Committee, Investment ...

June 14, 2017 

Few things make retirees more nervous than the possibility their savings could run dry. And the situation can be even more troublesome for women, who are at greater risk of outliving their money because, on average, they live longer than men.

June 13, 2017 

Sageworks has released a new ebook entitled Tech Roadmap: Selecting the Ideal Solutions to Thrive in Business Advising. The book brings together Sageworks and 11 of the accounting and business advising industry’s top thought leaders to provide ...

June 13, 2017 

An audit associate from Phoenix, Ariz., is the recipient of this year’s Young CPA Scholarship from the American Institute of CPAs’ Information Management and Technology Assurance (IMTA) Section. The scholarship covers the registration fee and travel expenses to AICPA ENGAGE, currently underway in Las Vegas. Corbin Smith, 26, is a CPA with Sarvas, Coleman, Edgell...…

June 13, 2017 

This industry-leading course attracts thousands of tax preparers each year who receive a comprehensive manual that alone is worth the price of registration. Gear Up's speakers are experts in their fields as hands-on practitioners and recognized authoriti

June 13, 2017 

Colombia took the center stage during Sali Dani’s presentation on the morning of Monday, June 12. Dani, Vice President of Sourcing of Everest Group, presented the findings of the latest research of Everest Group regarding Colombia’s value proposition ...

June 13, 2017 

It used to be that a typical CPA firm did their clients’ taxes, and prepared their P&L and financial statements, and that was that. These days, there are few “typical” CPA firms left. As they seek to diversify, differentiate and grow by offering their ...

June 13, 2017 

The IRS continues to treat legitimate sellers of cannabis as criminals when it comes to claiming tax deductions.    In a handful of states around the country – including Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Washington and the District of Columbia – residents are now legally allowed to own and smoke certain quantities of weed,...…

Ken Berry, JD

June 13, 2017 

For the past several years, accounting firms have faced a leaky bucket in terms of staffing. While firms are currently growing—the latest AICPA survey estimates that more than 60 percent of firms are planning expansions—many face a talent shortage.