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Illinois news

Community News

St. Louis CPA firms announce merger

Belleville, Illinois-based Ganim, Meder, Childers & Hoering, P.C. (GMCH) is joining LarsonAllen LLP (LarsonAllen) on October 1, 2009.

Cash flow strategies for small businesses

You don’t want your clients’ cash flow problems to result in your cash flow problems. Here are a few strategies to use to keep on top of your cash flow.

FASB may extend fair value to loans

The Financial Accounting Standards Board (FASB) has decided to move ahead with a proposal to extend mark-to-market accounting (FAS 157, Accounting for Fair Value) to loans and other securities.

Chris Tucker, star of "Rush Hour." gets a hefty tax bill from Arnold Schwarzenegger

Chris Tucker just got a bill from the cash-strapped state of California for $3,594,409. A lien was filed against him in Sacramento County Court on June 24th.
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.

Opinion: Caution - Choice can be hazardous to your financial health

Want to feel young again? There’s nothing that will make you feel like a child faster than being treated like one. But it’s not your old Uncle Fred who wants to limit your choice of ice cream cones to shades of vanilla. It’s Uncle Fed, and he wants to narrow your financial options so you don't stumble into fiscal difficulty.
Community News

Illinois CPA firms announce strategic alliance

Mowery & Schoenfeld, an accounting, tax and consulting firm based in Lincolnshire, Illinois, has announced it has entered into a strategic alliance with the principals and other accountants of Katch, Tyson & Company, effective August 1, 2009.
Community News

Wisconsin CPA firm adds new team members

The Brookfield, WI-based public accounting and advisory firm of Vrakas/Blum, S.C. recently announced the addition of Carrie L. Vissering and Krista D. Wagner to its professional staff.
Education & Careers

Stay current in your profession while looking for a job

Managing your own professional development while looking for a job can be a real challenge, but with a certain amount of planning, it can help to burnish the resume and open some doors. With the luxury of time, a rare commodity in the careers of most accountants, you can update your business and computer skills while expanding their technical expertise. Ideally, your continuing education program will encompass interests as well as needs, and will be enjoyable.Take Advantage of What's Free

Students help nonprofits during intense BAP competition

Take 50 college students who don't know each other, add several complicated business challenges, give them 12 hours, and what do you get at the end?

Morningstar ranks the best and worst 529 plans this year

Morningstar, the global investment research firm has published its annual list of the best and worst 529 plans – when it comes to earning long-term returns for college savers – and the overall opinion smacks of optimism. Some of the worst plans from years past have folded up and gone away, while others continually strive to improve. Here are the criteria that separate the best plans from the worst: Flexibility. As Morningstar points out, no savings plan is one-size-fits-all.

Debit cards are new option for Social Security recipients

People who receive Social Security can now get their monthly payments on a prepaid debit card, a new alternative to checks or direct deposit. The U.S. Treasury is offering the Direct Express Debit MasterCard card as a safe, convenient way to receive money, according to

Six defendants found guilty in Chicago tax fraud trial

Six defendants were convicted Monday after participating in a nationwide tax scheme that enabled 650 wealthy taxpayers to cheat the government out of $60 million.Michael Vallone of Orland Park, IL, Edward Bartoli of Clearwater, FL, Robert Hopper of Gadsden, AL, Timothy Dunn of Chesterton, IN, William Cover of Naperville, IL, and Michael Dowd of Glenview, IL were convicted of tax-fraud conspiracy and other charges after the 11-week trial in U.S.

CPA mobility legislation gains national momentum

Twenty-three states have approved laws to make it less burdensome for certified public accountants to represent clients across state lines.The American Institute of Certified Public Accountants is seeking enactment of similar laws in every state so that a national uniform mobility system will become a reality for CPAs, CPA firms, and the state boards of accountancy that regulate them.

First female named to CEO spot among top 25 CPA firms

Clifton Gunderson, ranked as one of the nation's largest certified public accounting and consulting firms, has announced it has named Krista McMasters as Chief Executive Officer. McMasters succeeds Carl George, who, in a planned move, is retiring after 16 years as CEO of Clifton Gunderson.

Maryland becomes 18th state to enact CPA mobility legislation

The Maryland General Assembly last week passed a CPA mobility bill that will make it easier for CPAs to do interstate business.

Resource Guide - Issue 176

Brought To You By: Industry Profiles From First ResearchThe AccountingWEB 2005 Tax CalendarTHIS WEEK'S RESOURCESAchieving a Paperless Office In 2005Business Process Mgt.

News Wrap-Up - Issue 275

This News Wrap-Up Brought To You By:PolicySoft's Accounting Department Templates THIS WEEK'S NEWSFannie Mae May Sell $5B of Preferred Stock IRS Expands Pre-Filing Agreement ProgramObservers Say Radical Tax Changes Are Unlikely E&Y to Pay $125M to Settle Claims Over Failed Illinois Bank IRS Warns Business Against Abuses in Retirement PlansSEC Charges Walt Disney with Disclosure Violat

News Wrap-Up - Issue 270

This News Wrap-Up Brought To You By:PricewaterhouseCoopers' ComperioGeacTHIS WEEK'S NEWSIRS Releases 2005 Standard Mileage RatesCalPERS Backs Reform on Abusive Executive CompensationIRS, Treasury Updating Non-Profit PensionsSEC Files Fraud Charges against Hollinger & CEO, Conrad

News Wrap-Up - Issue 263

This News Wrap-Up Brought To You By:PolicySoft's Accounting Department TemplatesTHIS WEEK'S NEWSAuditors are Urged to Test Information System IntegrityCompanies Deciding Big 4 Seal of Approval Not Worth the CostFederal Court Stops Ohio Tax PromotionsGE Settles Enforcement over Failure to Disclose Welch's PerksKPMG Settles AmGen Suit; Agrees to Pay $18 MillionS


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