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Illinois news


It's not easy being green

Earning a Green Business League certification is an involved process – this is intentional so that only those companies committed to the process walk away with a certification. Kutchins, Robbins & Diamond, Ltd., a professional CPA firm, is the first accounting firm to earn the Silver Certification.
Community News

KPMG Foundation awards $470,000 in scholarships

The KPMG Foundation this week announced it has awarded a total of $470,000 in scholarships to 47 minority accounting doctoral students for the 2010-2011 academic year.

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.

Illinois CPA Society’s Midwest Accounting & Finance Showcase Aug. 24-25

This year marks the 30th anniversary of the Illinois CPA Society’s event for business and finance professionals, the Midwest Accounting & Finance Showcase. The showcase is being held August 24-25, in Rosemont, Illinois.

CCH adds internal audit, fraud/forensic libraries to Accounting Research Manager

CCH, a provider of tax, accounting, and audit information, software, and services, has added an internal audit library and a fraud and forensic accounting library to its Accounting Research Manager.
Community News

Clifton Gunderson merges with St. Louis-based Humes & Barrington

Clifton Gunderson, a Milwaukee-based certified public accounting and consulting firm, recently announced it has merged with Humes & Barrington LLP – a full-service CPA firm based in St. Louis.
Community News

Weaver merges with Elms Faris, enters Midland/Odessa market

Weaver, a Texas-based independent certified public accounting firm, recently has announced its merger with Elms Faris, effective June 1. The merger marks Weaver’s first expansion into the Midland/Odessa market.

States scramble for tax revenue wherever they can find it

Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.

Millennials: Get the tax refund you deserve

The Illinois CPA Society offers six 2009 tax filing tips for the under-30 crowd

Snoop Dogg, Spears: Potpourri of celebrities and their dealings with the tax man

Rapper Snoop Dogg, nee Calvin Broadus, is in trouble with the Internal Revenue Service again. On January 19, the IRS filed a lien with the Los Angeles County Recorder of Deeds against Snoop Dogg and his wife, Shante.

Employee or independent contractor? White House budget depends on the answer

At least seven billion dollars… that's the amount President Barack Obama has penciled into his 2010 budget to be collected in the next ten years, from firms that misclassify workers.
Education & Careers

Accounting Scholarship Programs

AccountingWEB has compiled a list of scholarship opportunities for accounting students.
Education & Careers

Accounting and xTREME? Rarely found in the same sentence

The xTREME Games include xTAX, short for "Extreme Tax," and xACT, short for “Extreme Accounting.” Both are case competitions that expose students to real tax and accounting situations.

Section 7216 Regulations on disclosure and use of tax information

The good news for preparers is that the IRS has carefully listened to comments provided during the rulemaking process and have incorporated some very easy to implement guidance into the rules.

Last minute tips for 2009 year-end tax planning

Areas of the current Tax Code can help ease the impact of the current economic downturn for taxpayers. The following tried and true tax planning techniques, with some new twists, along with new opportunities and tax law changes, can help almost every taxpayer.

Attention online shoppers: Last minute rush can lead to costly mistakes

Recent Google/OTX Consumer data shows 64% of consumers have yet to complete their holiday shopping. And if 2008 shopping patterns are any indication, according to comScore Inc., the busy days for online shopping are just ahead.

Unemployment taxes may double or even triple in 2010

State unemployment trust funds have fallen to such a low level that rate increases may be required to rebuild their balances even when employment improves.
Community News

Crowe Horwath interns collect thousands of items for charities

Oakbrook, IL-based Crowe Horwath LLP has announced that its summer interns collected more than 3,500 books, toys and shoes to benefit charitable organizations across 15 communities in eight states.

CPAs offer five-step retirement saving plan

October 18-24 is National Save for Retirement Week. The Illinois CPA Society recommends taking these five steps to evaluate your retirement savings.
Education & Careers

Scholarships for accounting students offered through the Illinois CPA Society

Times continue to be tough, especially for college students - costs are increasing, funding sources have been cut back, the competition is greater for a smaller number of part-time jobs and there's less support from parents facing their own financial problems.


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