Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
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.
June 3, 2022
Beware the Generation-Skipping Transfer Tax
Due to recent tax law changes, your family may be able to avoid adverse federal estate tax consequences when you leave assets to your adult children. For instance, the unified estate and gift tax exemption was increased from ...
June 2, 2022
Your Firm and Your Clients’ Data – Simplifying the Future of Accounting
The past two years have been anything but simple. So, it may seem ironic that simplification is the new way to navigate the increasing complexity of the business. Automated, digital solutions provide a pathway to alleviate this pressure while helping ...
June 2, 2022
Home Listings Increase for First Time Since Pandemic
Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.
June 2, 2022
New Hiring in U.S. Slows, Despite Near-Record Job Openings
Businesses’ payrolls increased by 128,000 last month, held back by a decline in small business employment, according to ADP Research Institute data released Thursday. That followed a downwardly revised 202,000 gain in April, and trailed all ...
June 2, 2022
Housing Market Remains Competitive Despite Increase in Mortgage Rates
Zillow's home value forecast now calls for 11.6% growth through April 2023, down from a year-ahead forecast of 14.9% made in March. Zillow's forecast for existing home sales has been lowered as well, now predicting 5.73 million sales in 2022.
June 2, 2022
Income Tax Deadline is June 15 for Overseas Americans
Just as most taxpayers in the U.S. must timely file their returns with the IRS, those living and working in another country are also required to file. An automatic two-month deadline extension—until June 15—is normally granted for those overseas.