Accounting

Featured Articles

scholarships 1  54ac40ea40bc9

June 28, 2016 

Illinois CPA Society Awards 34 Accounting Scholarships

Each year, The Society and The CPA Endowment Fund provide about $185,000 in financial support and outreach assistance to qualifying students who are working towards becoming CPAs. ICPAS scholarship programs are funded by contributions to the CPA ...

benefits definition magnifier showing bonus perks rewards 24720633 1  5772e392ad40c

June 28, 2016 

2016 Tax Series: 16 Sweet Fringe Benefits

What’s better than a salary increase? For many employees, the addition of an equivalent fringe benefit may be preferable, due to the tax consequences. For example, if an employee is in the 25% federal tax bracket and receives a $10,000 raise, he or ...

CFO-Optimism

June 28, 2016 

Financial Execs More Optimistic on Long-Term Growth

This quarter, the top five external risks cited were: 1) oil/commodity prices, 2) U.S. economy pullback, 3) new/burdensome regulation, 4) the upcoming election/political uncertainty in the U.S., and 5) global growth/recession/volatility and capital ...

 Keys to Profitability That CPA Firms Overlook

June 24, 2016 

Keys to Profitability That CPA Firms Overlook

Partner income percentage is impacted much more by staff-partner ratio than by innate profitability. Many partners have a rule of thumb that 33% is an acceptable partner income percentage, and that to be truly profitable, 40% or more should be the ...

 AICPA IMTA Section Honors Young CPA With Scholarship

June 23, 2016 

AICPA IMTA Section Honors Young CPA With Scholarship

Miller, 34, is an information assurance associate with Macpage LLC, which has offices in Maine and Massachusetts. She is a summa cum laude graduate of the University of Massachusetts-Lowell in Lowell, Mass., and was licensed as a CPA in the state of ...

evangelista 1  576ae6d0f3eb8

June 22, 2016 

Evangelista to Lead NY Accounting Foundation

David Evangelista, CPA, a nationally-known employee benefit plans advisor and auditor, was recently elected president of the Foundation for Accounting Education’s (FAE) Board of Trustees.

overtime pay 1  57179433bb83f

June 21, 2016 

Webcast To Cover New FLSA Overtime Rules

During the webinar, presenters Maynard and Juffras, will outline the December 1, 2016 start of the U.S. Department of Labor’s overtime rules. They will examine the new rules and explain how employers can minimize their costs and prepare for the ...

creative brain 1  5987a25807b99

June 21, 2016 

Apps We Love – Education Edition

This month we are focusing on apps that further our education. We surveyed our 40 Under 40 Class of 2015 along with members of the Thought Leader Symposium, and here is a sample of what we discovered.

Gail Perry

 Mortgage Rates Hit Lowest Point in More Than 3 Years

June 20, 2016 

Mortgage Rates Hit Lowest Point in More Than 3 Years

Mortgage rates fell further this week, with the benchmark 30-year fixed mortgage rate now at the lowest point since May 2013, 3.69 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average of 0.19 discount ...