Accounting

 Tax Scammers are Still in Business, Warns IRS

April 14, 2020 

Tax Scammers are Still in Business, Warns IRS

The IRS, state tax agencies and the nation’s tax industry continue to see an upswing in data thefts from tax professionals as cybercriminals try to take advantage of COVID-19 and Economic Impact Payments to create new scams.

ICPAs Illinois logo

April 14, 2020 

Illinois’ Top CPA Exam Performers Honored With Excel Award

The Excel Awards were established in 1984 by the Illinois CPA Society Board of Directors to recognize new CPAs and CPA candidates for outstanding performance on the Uniform CPA Exam. Honorees must achieve a total average score of 90 or above, complete ...

audit

April 13, 2020 

Some Businesses Choosing Debt Over Selling Stock to Avoid Audit

While extremely low interest rates are generally assigned most of the responsibility for the debt explosion, regulatory factors have been implicated as well. Now research in a leading accounting journal newly identifies federal accounting regulations ...

 The Most Important Reason to Automate Payments Now

April 10, 2020 

The Most Important Reason to Automate Payments Now

AP is one of the last bastions of paper processing in the enterprise, and it comes with challenges. According to the latest research from AFP, companies still make 42 percent of their payments by paper check. All those processes that are involved with ...

 IRS Issues CARES Act Guidance for Taxpayers with NOLs

April 9, 2020 

IRS Issues CARES Act Guidance for Taxpayers with NOLs

The Internal Revenue Service today has issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. Recently the IRS issued tax relief for partnerships filing amended returns.