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
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
Marcum LLP, a Top 20 Firm based in New York, has announced the launch of its Marcum Diversity Scholarship Fund as part of the firm’s ongoing Diversity, Equity & Inclusion program. The scholarship fund was created to help bolster a diverse pipeline of future accountants, especially within the Black and
The last week of the “official” tax season is starting right now. Here are some things I did to energize staff and lighten the mental load: We would bring in ice cream sundaes (or similar treats) in the afternoon. One time we told the staff to have their spouses bring
Businesses that have been investing in cryptocurrency like Bitcoin and Ethereum are dealing with uncertainty as the Securities and Exchange Commission and the Internal Revenue Service, as well as government agencies abroad, are going to expect them to account for their holdings and pay taxes. Last month, President Biden signed
As Americans rush to file their taxes by April 18, some fintechs are offering banks tax-prep technology they can extend to customers going forward. Embedded tax service fintechs such as April and Column Tax point out that they and their financial institution partners can nudge customers into making better financial
Treasury Secretary Janet Yellen said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by American policy makers as they flesh out their regulatory plans to address the rapid spread of digital assets. U.S. regulators are now engaged in
Cryptocurrencies are gaining in popularity, but for those who have chosen not to invest, a lack of understanding of the asset itself was cited as the primary reason for staying out of the fray for now, according to a recent report from cryptocurrency finance platform Gemini. Worldwide, an average of
