Illinois news

Practice

Bramwell’s Lunch Beat: The Merits of Mentoring

Here are “Bramwell’s Lunch Beat” menu items for January 23.
Practice

Pittsburgh Firm Alpern Rosenthal Acquired by BDO USA LLP

Chicago-based professional services firm BDO USA LLP has expanded into the western Pennsylvania market by acquiring Pittsburgh-based accounting firm Alpern Rosenthal. The merger is effective December 16.
A&A

Bramwell's Lunch Beat: Farewell, OfficeMax

Here are "Bramwell's Lunch Beat" menu items for December 11.
Education & Careers

CFPB Study Underscores Need for Financial Literacy

A new report released by the Consumer Financial Protection Bureau suggests the amount of money spent on financial marketing greatly outweighs the amount of money spent on financial education.
Tax

Crime Watch: November 18, 2013

Chicago lawyer Gary J. Stern designed at least three tax-fraud schemes that helped hundreds of customers falsely claim over $16 million in improper tax credits and avoid paying income tax on at least $3.4 million.
Tax

Freddie Mitchell: I Banged My Head and Committed Tax Fraud

When Freddie Mitchell entered his plea deal last March, he'd live to regret it, he now says. The former wide receiver thought the deal was the best way to go, after an investigation showed he was neck deep in tax fraud.
Technology

Xero Embarks on Inaugural Twenty-City National Road Show

Accounting software provider Xero embarked on its first national road show earlier this week, providing free training to accountants and bookkeepers on how small businesses can use its Cloud platform to improve efficiency and reduce costs.
Tax

Chicago Mayor Proposes Hike in Cigarette Tax

A seventy-five-cent increase in Chicago's cigarette tax that is being proposed by Mayor Rahm Emanuel will likely be included in the city's 2014 budget, which will be presented to the Chicago City Council October 23.
Tax

'Amazon Tax' Invalidated by Illinois Supreme Court

A two-year-old Illinois law that required all businesses to collect state sales tax on purchases made by Illinois residents – whether or not the merchant had a physical presence in the state – was invalidated by the Illinois Supreme Court October 18.
Education & Careers

Prepping Future CPAs: AICPA Awards Innovative Teaching

Firm leaders who want to know how the latest generation of CPAs are prepared to enhance their business and meet the demands of a "dynamic marketplace" need to look no further than the college accounting classroom.
Tax

US Tax Court Cancels Trial Sessions Due to Shutdown

Due to the federal government shutdown that began last Tuesday, the US Tax Court in Washington, DC, canceled trial sessions scheduled to begin on October 7 and 8 in several cities throughout the country.
Practice

CPAs Join Together, Give Back During Day of Service

This September, thousands of accountants from state CPA societies across the country tossed their spreadsheets aside to paint dorms at local women's shelters, tutor kids at the Boys and Girls Club, and serve countless meals to the hungry and homeless during the annual CPA Day of Service.
A&A

FASB to Host Roundtable Meetings on Insurance Proposal

The Financial Accounting Standards Board will host public roundtable meetings in December on its proposed accounting standards update "Insurance Contracts (Topic 834)."
Practice

Idaho CPAs Host Inaugural Day of Service

The staff at Jordan & Company, Chartered in Pocatello, Idaho, could have taken a few days after the September 16 tax extension filing to tidy up the typical post-deadline clutter at the office. But instead, employees spent their "downtime" sprucing up an entirely different type of habitat.
Tax

Beanie Babies at the Center of Tax Scandal?

Who would've ever thought Beanie Babies would emerge as part of a tax evasion scheme? Only in America. But on September 19, the billionaire creator of Beanie Babies, Ty Warner, was hit with charges of tax evasion.
Education & Careers

Illinois Internship Program Provides Access, Mentorship for Minority Students

The Mary T. Washington Wylie Internship Preparation Program, created in 2012, represents the ICPAS' ongoing commitment to increase diversity in the accounting profession by providing underrepresented minority students with access and exposure to the profession.
Education & Careers

Accounting Principals Names Top Ten Cities for Finance Jobs

For the third straight year, Accounting Principals has identified the top ten cities to find a job in finance. For 2013, Dallas takes the top spot on the list, followed by Houston and San Francisco.
Tax

Crime Watch: August 2, 2013

The Justice Department and IRS announced that John T. Hoang of Virginia pleaded guilty in federal district court in Washington, DC, to willfully aiding and assisting in the preparation of false income tax returns for tax year 2004.
Education & Careers

ICPAS Shines Spotlight on the Future at Annual Midwest Showcase

This summer, CPAs who want to stay ahead of the rapid-fire change and constant evolution that are intrinsic of their profession will head to the Midwest Accounting & Finance Showcase, hosted by the Illinois CPA Society (ICPAS).

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