Staffing May 7, 2026
What Top Accounting Firms Hire for in 2026: 5 Key Skills Defining the Next Generation of CPAs
As teams become more complex and technology-driven, project management is emerging as a critical skill beyond CPA training alone.
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.
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 ...