CPA Practice

OCTOBER 3, 2023

Hundreds of certified public accountants across Illinois participated in the Illinois CPA Society’s 14th annual CPA Day of Service on Sept. We thank our members and their friends, families, and colleagues for coming together across Illinois to serve their communities.”

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CPA Practice

JANUARY 18, 2023

Founded in 1903, the Illinois CPA Society (ICPAS) is one of the largest state CPA societies in the nation, with the core mission of “enhancing the value of the CPA profession” through meaningful and convenient education, timely and relevant information, influential advocacy, and countless opportunities to make powerful professional connections.

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CPA Practice

FEBRUARY 7, 2023

These scholarships provide essential financial assistance to qualifying accounting students across the state of Illinois and reward them for their hard work and academic success. The application deadline for the following scholarships is April 1, 2023: Illinois CPA Society Accounting Scholarships for seniors or graduate students.

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CPA Practice

JUNE 12, 2023

The Illinois CPA Society (ICPAS)—one of the largest state associations in the nation serving the certified public accountant (CPA) community—has presented Daniel F. Rahill III, CPA/PFS, JD, LL.M., I am exceedingly grateful to receive the Illinois CPA Society’s 2023 Lifetime Achievement Award.”

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CPA Practice

APRIL 3, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to formally announce its new board of directors for the April 1, 2023, to March 31, 2024, fiscal year. Ellis, CPA, partner in Ernst & Young LLP’s financial accounting advisory services practice in Chicago; Joshua Herbold, Ph.D.,

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CPA Practice

APRIL 21, 2023

The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA community through a variety of prestigious awards. Rahill III, CPA/PFS, JD, LL.M.,

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CPA Practice

SEPTEMBER 11, 2023

The Illinois CPA Society (ICPAS) is encouraging aspiring certified public accountants (CPAs) to apply for its 12th annual Mary T. The award-winning, three-day program aimed at increasing diversity in the CPA profession is now accepting applications until Nov. 6, 2023, at www.icpas.org/mtww.

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Going Concern

MARCH 10, 2023

Gilbert Professor and Director of the School of Accountancy, University of Denver Going Concern previously reported on bits of an interview with Ken Bishop , President and CEO of NASBA, published in Journal of Accountancy. Doesn’t it work for the Boards of Accountancy of the states who pay NASBA membership dues and fees for services?

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CPA Practice

JANUARY 11, 2024

The Illinois CPA Society offers these tips for speeding up the filing process: Gather all your information first. CPAs, certified public accountants, have your back. CPAs are strategically positioned to help file your tax returns while determining the best ways to maximize your tax credits and deductions.

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CPA Practice

APRIL 10, 2023

The CPA Endowment Fund of Illinois , the charitable partner of the Illinois CPA Society (ICPAS), is proud to announce its board of directors for the April 1, 2023, to March 31, 2024, fiscal year. Fuller, CPA, as ex-officio directors.

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CPA Practice

APRIL 5, 2023

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—is excited to announce its 2022 Excel Award recipients. So, it’s really our privilege to welcome and recognize Illinois’ new CPAs,” says Geoffrey Brown, CAE, ICPAS president and CEO. “By

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Going Concern

JANUARY 4, 2023

According to the AICPA , a traditional four-year undergraduate program is not adequate for obtaining the requisite knowledge and skills to become a CPA. Just how good at basket weaving do we need our public accountants to be? No one is really arguing these points. More on that here. There’s some good news on that front though.

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CPA Practice

JUNE 6, 2023

The Illinois CPA Society (ICPAS) has announced its third class of Strategy Academy graduates. The next Strategy Academy will be held in August 2023, exclusively for accounting and finance professionals working in a corporate environment.

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CPA Practice

MAY 10, 2024

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories. The Illinois CPA Society (ICPAS) , one of the largest CPA societies in the U.S., Wolfe, CPA | Owner, Larry J. Ferreri, CPA – Allegheny Technologies Inc.

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Accounting Today

AUGUST 21, 2023

The Illinois CPA Society is hosting its annual conference this week featuring 44 educational sessions and four keynote presentations, including a session on the state of the CPA profession.

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CPA Practice

OCTOBER 5, 2023

The American Institute of CPAs (AICPA) Foundation has granted fellowships to 25 minority doctoral students as part of the AICPA Fellowship for Minority Doctoral Students. This initiative aims to enhance racial and ethnic diversity and inclusivity among accounting educators in colleges and universities.

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CPA Practice

JANUARY 11, 2023

The Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, have announced the latest group of young aspiring professionals to complete its award-winning and highly competitive Mary T. Devin DeVry University of Illinois Aurora, Ill. Tangela Norals University of Illinois Joliet, Ill.

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CPA Practice

MAY 2, 2023

The New Jersey Society of Certified Public Accountants (NJCPA) has named Aiysha (AJ) Johnson its next CEO and executive director. She will replace Ralph Albert Thomas, CPA (DC), CGMA, who is retiring June 30 after more than 23 years leading the organization. We could not be more excited to have AJ at the helm.

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CPA Practice

OCTOBER 5, 2023

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and a coalition of other stakeholders, is launching a new, national survey to gain fresh insight into what’s driving the decline in individuals pursuing the certified public accountant (CPA) credential.

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Going Concern

SEPTEMBER 22, 2023

Here we are again talking about the accountant shortage. Mark Maurer at Wall Street Journal wrote today about a young man named Omer Khokhar who realized after six years in accounting that he was done. The article title: “Job Security Isn’t Enough to Keep Many Accountants From Quitting.” ” Ruh-oh.

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MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. The process of resolving tax issues can be overwhelming and stressful for taxpayers, and seeking professional (EA, CPA, Lawyer) tax help can be a wise decision.

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CPA Practice

FEBRUARY 6, 2024

The Arkansas Society of Certified Public Accountants (ARCPA) announced the 2024 ARCPA Student Education Fund Golf Tournament, which will take place on Monday, May 20, 2024 at the Maumelle Country Club. All net proceeds from the tournament will be used to fund scholarships to college and university accounting students in Arkansas.

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CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

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Going Concern

FEBRUARY 24, 2023

Except in the case of 90s rapper beefs, Tupac and Biggie were equally popular stars whereas in this case the AICPA encompasses the entirety of the profession in the United States versus Minnesota CPAs and the society that serves them. CPAs would need to hold multiple licenses and incur additional expenses.

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CPA Practice

JANUARY 3, 2024

The California Society of CPAs is hosting the Real Estate Virtual Conference on January 30, 2024. The conference is designed for CPAs, attorneys, and other professionals that advise individuals with real estate holdings in California. The cost is $355 for CalCPA members, with a nonmember price of $465, with registration open now.

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CPA Practice

JANUARY 19, 2023

ICPAS SUMMIT23 is one of the largest CPA state society events in the U.S., attracting nearly 1,000 CPAs and finance professionals interested in industry trends, innovation, product launches and networking with others within specific industry markets.

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CPA Practice

JULY 31, 2023

The American Institute of CPAs (AICPA) has formed an advisory group representing a broad spectrum of the accounting profession that will help shape a national strategy to address the profession’s talent shortage, including accounting students who go on to obtain a CPA license.

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Going Concern

AUGUST 24, 2023

By Sharon Lassar, PhD, CPA (Florida) John J. Gilbert Professor and Director of the School of Accountancy, University of Denver A friend asked why I believe the 150-hour requirement is more of a barrier of entry to the accounting profession than a 120-hour requirement with added experience. That is a great question.

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Going Concern

FEBRUARY 13, 2023

When we talk about why no one wants to be an accountant anymore, a handful of things come up in every thread. Let’s quickly get them down in case an alien who just landed on Earth this morning Googles “accountant shortage,” arrives on this article, and wishes to learn more about the causes. But nixing 150 altogether?

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CPA Practice

NOVEMBER 6, 2023

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. The program allows UMCS students to kickstart their careers by developing their accounting, finance, and business skills and earning prestigious professional qualifications alongside their university studies.

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CPA Practice

JULY 10, 2023

The Illinois CPA Society’s (ICPAS) annual educational event for accounting and finance professionals aims to help attendees navigate the future and expand their possibilities. Returning to the Donald E. Stephens Convention Center in Rosemont, Ill. Stephens Convention Center in Rosemont, Ill.

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CPA Practice

OCTOBER 11, 2023

Illinois ranked 19 th in the study, where it’s estimated a family will spend $22,310 annually on raising their child when accounting for expenses like rent, food, child care, apparel, transportation, health insurance premiums, and state tax exemptions or credits.

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Going Concern

OCTOBER 11, 2023

The Illinois CPA Society (ICPAS), in partnership with the Center for Accounting Transformation (the Center) and other stakeholders, has launched a survey to figure out why modern day accounting students and professionals are so uninterested in pursuing the CPA credential. Us olds are sitting this one out.

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CPA Practice

JANUARY 27, 2023

RMD Age Increased Individuals saving for retirement via individual retirement accounts (IRAs) and most employer-sponsored retirement accounts must begin taking required minimum distributions (RMDs) when they hit a certain age. The prior limit was the lesser of 25% of the value of the qualified retirement account or $135,000.

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BuildYourFirm

APRIL 28, 2020

For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. Koltin was also voted one of the 10 Most Recommended Consultants for the sixteenth straight year in the “Annual Survey of Firms” conducted by INSIDE Public Accounting.

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CPA Practice

MAY 18, 2023

The American Institute of CPAs has announced the 50 winners of the 2022 Elijah Watt Sells Award. This award is granted to CPA candidates who obtain a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination, pass all four sections on their first attempt and have completed testing in 2022.

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Nancy McClelland, LLC

APRIL 9, 2024

And unlike many tax preparers, we also do bookkeeping, accounting, and consulting for our small business owners — so we’ve also encouraged them to have us do a quarter-by-quarter calculation of how much to pay. For years, we have stressed the importance to our clients of making quarterly estimated tax payments.

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