Latest Articles

October 13, 2020 

The program is funded by donations to the CPA Endowment Fund of Illinois’ Mary T. Washington Wylie Opportunity Fund, which honors her legacy as the first African-American female CPA in the U.S. and a trailblazer who opened doors for future ...

October 13, 2020 

The 2020 class discussed key issues and interacted with influential leaders in the profession including, Tracy Golden, CPA, CGMA, AICPA chair; Sue Coffey, CPA, CGMA, AICPA executive vice president, public practice; Tom Hood, CPA, CITP, CGMA, CEO of the...

October 12, 2020 

In today’s ever-changing work environment, it’s critical that the strategies, processes, and tools you use for your audit practice adapt as quickly as the surrounding marketplace. Download this whitepaper for 10 best practices.

October 12, 2020 

About one third (34 percent) of Americans say they are “extremely/very concerned” about their personal financial situation right now, compared to 43 percent when the survey was issued in April. Combined with the 34 percent who say they are ...

October 12, 2020 

Examples of new disclosures in the Barometer include Critical Audit Matters and COVID-19 – both new issues emerging since the CAQ released the 2019 Barometer. Several other areas of disclosure have reached robust levels in 2020, including a ...

October 12, 2020 

Having an efficient and secure information flow through your business is a core competency which can either support or undermine your company’s stability and growth. Here are five key ways you can build strength in the core of your business using an ...

October 12, 2020 

Those pushy emails about “e-payments” were probably enticing. Your vendor sent you an invoice—you forwarded it to your payment provider—and they said to the vendor, “Hey, want to get paid faster? Try e-payments! It’s the future!” Little did your vendor realize, “e-payments” is code for virtual cards and credit cards. They would have to pay...…

October 12, 2020 

New data shows that public companies continue to increase the level of audit committee disclosures in proxy statements but lag behind in a few key areas, according to a report issued jointly by the Center for Audit Quality (CAQ) and Audit Analytics.

October 11, 2020 

The pandemic has resulted in lifestyle changes for many. In addition, the focus on health has all of us thinking more about how we take care of ourselves. We thought this would be a good time to survey our CPA Practice Advisor committee and ...

Gail Perry

October 9, 2020 

The outcome could be significant on a number of fronts. One issue that has largely flown under the radar: The ACA authorizes the imposition of several taxes, including the “net investment income tax” (NIIT) affecting certain high-income investors.

October 9, 2020 

Congress keeps chipping away at itemized deductions like the one for mortgage interest. This includes the latest changes under the Tax Cuts and Jobs Act (TCJA) for 2018 through 2025. The good news: Generally, you can still deduct most or all of ...

October 9, 2020 

ImagineShare ImagineTime www.imaginetime.com From the 2020 reviews of client portals for accounting firms. ImagineShare is the accounting firm portal system from ImagineTime, and a part of its suite of practice management solutions. The system is best-suited to small and mid-sized accounting firms, and can be used as a stand-alone portal or as part of the...…

Garrett Wagner