Illinois news

Tax

Chris Zorich Avoids Prison in His Tax Evasion Case

Back in March when Chris Zorich faced a Chicago judge to answer for his tax failings, he took it like a man. In the long run, this attitude might have bought him some mercy.
Tax

Crime Watch: July 25, 2013

A former manager of an H&R Block Preparation store has been sentenced to twelve months and one day in federal prison for using the identities of former tax preparation clients to file false returns with the IRS seeking fraudulent income tax refunds.
Education & Careers

Kellogg School of Management Takes Top Spot in EMBA Ranking

The executive master's degree in business administration (EMBA) programs at Northwestern University Kellogg School of Management in Evanston, Illinois, took top honors in the inaugural EMBA ranking.
Education & Careers

ICPAS President Seeks to Attract New Generation of Members

If you're trying to find the Illinois CPA Society's (ICPAS) new President and CEO Todd Shapiro, chances are you won't catch him in his downtown Chicago office. That's because he's busy conducting his own ICPAS whistle-stop tour of sorts.
Practice

2013 Best Public Accounting Firms for Women Announced

The 2013 Accounting MOVE Project list of Best Public Accounting Firms for Women is drawn from the thirty-seven firms that participated in the project. Firms were ranked on the range, depth, and success of programs and workplace culture proven to remove barriers to women's success.
Education & Careers

Fearless Future: ICPAS Conference Aims to Develop Authentic Leaders

There's a new paradigm of leadership on the horizon, and, according to the organizers of the Illinois CPA Society's (ICPAS) newest conference for young professionals, it's authentic, distinctive, and decidedly fearless.
Education & Careers

AICPA Announces Distinguished Achievement in Accounting Education Award Winners

Accounting school graduates aren't the only ones receiving accolades this spring. On May 20, the AICPA named Janet L. Colbert and Donald E. Tidrick recipients of the 2013 Distinguished Achievement in Accounting Education Award.
Tax

Internet Sales Tax Clears Senate Hurdle

New legislation authorizing the states to collect sales tax from companies peddling their wares online breezed through the Senate on May 6 by a wide 69-27 margin. But the Marketplace Fairness Act is expected to face much tougher opposition in the Republican-controlled House of Representatives.
Education & Careers

Southern Illinois University to Offer Online Accounting Degree

A new program at Southern Illinois University in Carbondale, IL allows off-campus students to complete an accounting degree completely online.
Education & Careers

Ohio Society of CPAs Seeks Volunteers for First CPA Day of Service

CPAs from Ohio Society of CPAs have been doing selfless, charitable acts of giving across their state for decades. But on Friday, June 21, Ohio CPAs will join forces statewide to volunteer for OSCPA's inaugural CPA Day of Service.
Education & Careers

Hostess Twinkies Set to Return, Union Laborers Won't

UPDATE: Fans of Twinkies won't have to wait much longer before the snack cakes return to grocery store shelves. Hostess Brands LLC – Metropoulos & Co. and Apollo Global Management's new incarnation of the baking company that liquidated in Chapter 11 – is reopening four bakeries in the next eight to ten weeks.
Practice

How a Firm Makes the Vault Accounting 50

This is the fourth year that Vault has released its top fifty rankings. During the summer and fall of each year, Vault determines which firms should be included in its initial pool of candidates.
Practice

Mix of Old and New Comprise 2014 Vault Accounting 50

Vault.com released its 2014 Vault Accounting 50, a ranking of the fifty best accounting firms in the nation to work for. The survey asked more than 7,900 accountants to assess their peer accounting firms on a scale of one to ten based on prestige and quality of life factors.
Tax

A Few Nuggets Found in Obama and Biden Tax Returns

Just before the April 15 due date, the White House released the 2012 federal income tax returns for President Obama and Vice President Biden. Both the POTUS and the Veep filed joint returns with their respective spouses. Overall, there were just a few mild surprises.
Tax

Online Sales Tax Court Decision Could Set Stage for Supreme Court Showdown

A court ruling last week that upholds a decision to force online retailers to collect New York State sales tax may force a Supreme Court battle or action by Congress to allow states to claim tax revenues they've lost to online purchases.
Education & Careers

100 Percent Inspiration – INCPAS' Ali Paul Honored for Her Role in Scholars Program

There's little doubt that Ali Paul, leadership and outreach manager at the Indiana CPA Society, is truly "inspiring" people. For the second time in less than four months, Paul has been honored for her efforts to increase diversity in the accounting profession.
Tax

Ex-Chicago Bear Zorich Up Tax Creek without an Excuse

No excuses for former Chicago Bear Christopher Zorich. He simply told the judge in March that he didn't file his taxes for 2006 to 2009 "in a timely fashion." He pled guilty on four misdemeanor counts of not filing federal income tax on more than $1 million.
Education & Careers

Students Score Prime-Time Win in AICPA Competition

Move over "CSI." A team of high school students from Batavia, Illinois, recently came up with a new idea for a prime-time TV drama based on forensic investigation that earned them first place in the American Institute of CPA's Project Innovation: Start Here, Go Places. Competition of Creative Excellence.
Practice

Chicago-Area Firms Pacion Ajder and Lipschultz, Levin & Gray Merge

The Chicago accounting firm of Pacion Ajder PC merged into the Northbrook, Illinois-based practice of Lipschultz, Levin & Gray, LLC (LLG) effective February 1, according to a press release from LLG.
Education & Careers

Scholarship Applications Available for Illinois Students

This winter, the Illinois CPA Society (ICPAS) is offering Illinois college students majoring in accounting the opportunity to alleviate the skyrocketing cost of college while pursuing their dream of becoming a CPA by earning a scholarship.

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