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Illinois CPA Society Announces 2024 Outstanding Leadership Award Recipients

CPA Practice

The Illinois CPA Society (ICPAS)—one of the largest state societies serving the certified public accountant (CPA) community—has announced the honorees of its annual Outstanding Leadership Awards program, which celebrates distinguished leaders within the CPA profession through a variety of prestigious awards.

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Payroll Taxes Demystified: A Breakdown for Accountants and CPAs Serving Business Owners

CPA Practice

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. As an accountant or CPA, you play a vital role in: Calculating and withholding taxes correctly. Your client will be assigned an employer tax account number for the state. By Nellie Akalp.

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State CPA Societies in Action: Illinois CPA Society

CPA Practice

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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Illinois CPA Society Presents 2023 Lifetime Achievement Award

CPA Practice

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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Students Sought for Accounting Internship Preparation Program

CPA Practice

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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CPAs Provide Six Ways to Replenish the Talent Pipeline

CPA Practice

As the accounting profession continues to grapple with a shortage of new CPAs and fewer accounting graduates , an independent national advisory group has published six draft recommendations in a new report on what the profession can do to restock its pipeline with young talent.

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It’s Official: 120 Units is All You Need to Sit For the CPA Exam in Illinois

Going Concern

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.