The Illinois CPA Society announced its charitable partner the CPA Endowment Fund of Illinois appointed its board of directors, to serve April 1, 2022-March 31, 2023, officers: chairperson Kimberley Waite, Marcum LLP; vice chairperson Jason Parish, Plante Moran PLLC; secretary Martrice Caldwell, OneGoal; treasurer Jeffery Watson, Miller Cooper & Co.;
The Magic is gone; rent to scam; imprecision; and other highlights of recent tax cases. Montgomery, Alabama: Tax preparer Alisaya Danita Thompson-Dixon, 44, has been sentenced to 37 months in prison to be followed by a year of supervised release for aiding and assisting in the preparation of false income
With more Americans working wherever they are, you can expect more U.S. expats to struggle to manage their taxes despite all the benefits of working abroad. While these jobs allowed them to work outside the country, it also presented a host of challenges to fulfilling their tax obligations. Americans living
Financial Accounting Standards Board chair Richard Jones has been poring over the feedback the board received from a recent consultation on its future standard-setting agenda to decide on new projects to take on, possibly on cryptocurrency and other intangible assets, while working on earlier standards in areas such as credit
The Public Company Accounting Oversight Board released its 2021 annual report on Thursday, highlighting its main accomplishments as the PCAOB transitioned to a mostly new board in recent months. Last year, the Securities and Exchange Commission ousted former chair William Duhnke and two of the other board members, and named
Filing 2021 taxes has been especially stressful this year, as many tax pros are still burnt out from last year, which a recent report from National Taxpayer Advocate Erin M. Collins dubbed “the most challenging year taxpayers and tax professionals have ever experienced.” Employees feel more empowered than ever to
FloQast, a provider of accounting workflow automation software created by accountants for accountants, introduced a new Reconciling Items feature and debuted an enhanced version of its Reconciliation Management Solution. Reconciling Items combines with FloQast’s Tracking, AutoRec Matching, and Amortization to manage the account reconciliation process, from strategy and execution to
Whether you recently struck out on your own or you’ve been running a successful accounting firm for years, it’s in your best interest to branch out from solely offering tax services. Those who have been attending conferences over the past few years have likely heard experts discussing the importance of
If you’re just joining us, part one in this series spelled out why the filing deadline for 1040s for calendar year 2021 is April 18, 2022, for most filers. The good news for filers who submit Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax
In a 20-page letter sent to the F.T.C., a congressional committee passed along allegations from a former employee who said the team withheld ticket revenue from fans and the league.
