Latest Articles

Small Business Coronavirus 2

December 16, 2020 

Small Business Optimism Persists, Despite the Pandemic

Businesses and consumers alike are finding ways to adapt and stay resilient during these unprecedented times. Though recovery may take time, a new report confirms the strength of entrepreneurialism and grit of small business owners, who remain ...

PPP Paycheck Protection Program

December 15, 2020 

Beware: Synthetic Identity Fraud in PPP Loans

Most banks and lenders are well aware of how synthetic identities can be used to fraudulently open a bank account and secure a credit card or other type of loan. According to McKinsey, synthetic identity theft is the fastest growing type of financial ...

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December 15, 2020 

Don’t Let Covid Fatigue Put Your Clients’ Businesses at Risk

The bottom line is that we can’t let our guard down because the current working conditions are likely to continue for some time and may actually be permanent. And, these financial services firms provide valuable counsel that extends well beyond filing ...

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December 15, 2020 

21 New Year’s Financial Resolutions for 2021

The annual ‘fresh start’ that comes with a new year is fast approaching. This is a great opportunity for Americans to review their overall financial situation, check-in on their goals and set some new ones.

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December 15, 2020 

Survey: 49% Of Minority SMBs Can’t Pay December Rent

The ability of small businesses to pay their full rent in December continues to decline, as more COVID-related shutdowns occur. Overall, 35% of small business owners reported that they couldn't make rent this month...

Deductions

December 15, 2020 

7 Steps for Some Tax-Time Savings

In a year full of tax law changes, the Illinois CPA Society has highlighted potential hidden savings for all types of taxpayers this tax season. Below are some of the steps savvy taxpayers can consider to cash in on some extra tax-time savings.

 VoIP for CPAs: How it Works & Why it Matters

December 14, 2020 

VoIP for CPAs: How it Works & Why it Matters

Industries like sales, marketing and customer support are already using VoIP phone systems to make their work and lives easier. There’s an opportunity for workers in other industries to get on board as well – accounting firms especially. What is VoIP and How Does it Work? In the era of COVID, a cloud based communication...…