Latest Articles

April 9, 2021 

In this first part of a two-episode podcast, we take a look at the remarkable accomplishments of Black CPAs in the 20th century, featuring the testimony of two CPAs who witnessed Black CPA history firsthand: Ruth Harris (#85), the first Black female ...

April 9, 2021 

SafeSend, a provider of e-sign and workflow automation technology for certified public accountants (CPAs) and tax preparers, today announced a partnership with Lead Edge Capital, a growth-stage investment firm based in New York and Santa Barbara, to ...

April 9, 2021 

The American Jobs Plan is a $2.3 trillion plan that would change the infrastructure of the US.  According to the White House, the US is one of the wealthiest nations in the world and we rank 13th in infrastructure.  In order to pay for this plan, Biden is stating that he will raise taxes. Increase...…

April 9, 2021 

Against the backdrop of a worldwide pandemic and a decline in overall securities class action filing activity, the number of securities class action filings involving accounting allegations increased in 2020 for the third consecutive year, according to...

April 9, 2021 

The CPA Endowment Fund of Illinois, the charitable partner of the Illinois CPA Society, is proud to announce its Board of Directors to serve April 1, 2021 to March 31, 2022.

April 9, 2021 

One of the business stories coming out of the last year is the dramatic growth of electronic supplier payments. In Q4, Nacha, National Automated Clearinghouse, reported a 15 percent year-over-year increase in B2B ACH payments.

April 9, 2021 

Is your firm one of the hundreds waiting for the issuance of a Public Company Accounting Oversight Board (PCAOB) inspection report? You are in good company as more firms join this group weekly. Since peaking at 344 inspection reports in 2011, the PCAOB’s pace for issuing inspection reports slowed to a trickle of only 46...…

April 9, 2021 

While nonprofits are navigating 2021 resiliency for their missions, internally, nonprofits and organizations are also preparing the reporting trail for a smooth PPP Loan Forgiveness process.

April 9, 2021 

Led by Managing Partners Chris Kirkland and Kevin Kelly, Legacy Capital Advisors serves a diverse client base ranging from retirees or soon-to-retire clients for whom income generation is key, to clients earlier in their investing cycle who often are ...

April 9, 2021 

The MSF also provides direct scholarships, in addition to its ongoing sponsorship of the COAP program. COAP is a three-decade-old program, pioneered by CPAs, reaching out to high school students throughout the state of New York. It introduces promising...

April 9, 2021 

Risk mitigation is a foundational concept in most business schools, MBA and Master of Accounting programs, yet as much as it’s drilled in the psyches of students and accountants alike, the reality is most businesses are woefully underprepared for risks. While 2020 may have given us a one in 100-year event, one only has to...…

April 9, 2021 

The Treasury Department and the Internal Revenue Service have issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. The Act added a temporary exception to the 50% limit on the amount that businesses may ...