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auditing rules and standards in connection with 17 audit and attestation engagements for SEC-registered brokers and dealers. Michael Coglianese, CPA PC was censured and fined $50,000 July 10 for violating U.S.
Arpit has played a pivotal role in building the US PCAOB audit capabilities, leading complex public company engagements and driving the expansion of this critical practice area. Arpit began his journey with us 14 years ago as an intern (article clerk) in Mumbai, India, and has since become a key leader within the US Assurance practice.
Prior to Acuity, Kenji was CFO of an Inc 5000 tech company and worked in the audit practice at Arthur Andersen. She returned to school to study accounting at Illinois State University, earned her CPA, and worked for Deloitte in Chicago for several years as a state and local tax accountant.
In Illinois, an amended Retailers’ Occupation Tax Act provides that a retailer that makes retail sales of tangible personal property to Illinois customers from outside the state and is “engaged in the occupation of selling at retail in Illinois” incurs the tax, among other details. A recent U.S.
Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. By Michael Cohn June 16 Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.
This is a written affidavit from customers that can be produced in an audit; theyre often state-specific unless the business has provided a multi-jurisdiction certificate covering the relevant states. A seller having all this looks better to a prospective buyer than one that due diligence reveals hasnt been tracking of sales tax exposure.
From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.
Matthew DiMillo (Illinois), a graduate of Illinois Wesleyan University with a Bachelor of Science in accounting, is employed with Mowery & Schoenfeld in Lincolnshire, IL. Gail Cole Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago.
Reducing audit risks and penalties: Discover how automation ensures accuracy, minimizes late fees, and streamlines notice management. Enhancing client service: Improve accuracy, reduce risks, and offer audit protection to your clients. Gail is a graduate of Indiana University where she earned a bachelor’s degree in journalism.
Failure to do could result in an audit by a state and a company being assessed the tax it should have charged with no statute of limitations. Also, SaaS isnt taxed in Illinois, but it is in Chicago. Another threshold in a dwindling number of states may be a companys quantity of transactions.
Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. Bui anticipated that the transactions would be audited. By Michael Cohn 7h ago Audit PCAOB sanctions firm, partner on five audits The Public Company Accounting Oversight Board sanctioned Heaton & Co.
Madison Street Advisors offers tax planning and preparation, focusing on audit mitigation strategies and reduction of audit profiles. It also offers bookkeeping services, audit defense and resolution, and other business services. "We Last month, Platform added AKM Advisors , a firm based in New York. in Modesto.
Audit firms—as opposed to consultants or other service providers—continue to lead (55 percent) in providing assurance on sustainability disclosures by large global companies, with broad variations country to country. Most of the assurance then and now, is of limited scope.
ILLINOIS Rick Surett was named the new chief financial officer at Grant Thornton, Chicago, succeeding Muhammad Bhayat, who is retiring after more than 20 years at the firm. Forvis Mazars opened a new office in Minneapolis, to be spearheaded by audit director Tyler Aldridge. Louis and Decatur, Illinois, practice unit at Forvis Mazars.
Grant Thornton Appoints Rick Surrett as CFO, Succeeding Longtime Leader Muhammad Bhayat Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, recently named Rick Surett as its new chief financial officer (CFO).
The new promotions reach across several areas of the firm’s service offerings, including the firm’s tax, audit and consulting practices, as well as the growing wealth management practice. Logan Kowcheck, CPA joined Schneider Downs in 2011 in the firm’s audit practice group. He graduated with a B.S.B.A
By Michael Cohn 5h ago Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.
Mary Girsch-Bock Firm Management June 18, 2025 Burgess Hodgson Announces Strategic Partnership with Abry Partners to Accelerate Growth BH’s team of over 200 professionals provides a comprehensive suite of services, including audit, tax, accounts advisory, outsourced finance, payroll and corporate advisory solutions.
ILLINOIS Joseph Bigane Joseph Bigane III was named the recipient of the Illinois CPA Societys 2025 Lifetime Achievement Award. CALIFORNIA Evan Staggs Evan Staggs was hired as a partner in the tax practice at Weaver, Woodland Hills. IDAHO Heath Alloway was hired as a growth partner at Sorren, Meridian.
Based in Denver, Nocco brings more than 25 years of experience in financial analysis and reporting, auditing, internal control policies and procedures, and strategic planning. Jason Bramwell Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary grew up in Chicago, graduating from the University of Illinois-Chicago.
ILLINOIS Jennifer Witts was hired as a partner in the client advisory services practice at CohnReznick, Chicago. Nomination information is available here. FLORIDA Stefano Comotti was appointed chair of the global board of the Institute of Internal Auditors, Lake Mary, for 2025-26.
Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. Chen completed her Master of Science in Accountancy at the University of Illinois at Urbana-Champaign (UIUC). Anni Chen has done so much for Withums San Francisco office and the Firm as a whole.
The new promotions reach across several areas of the firm’s service offerings, including the firm’s tax, audit and consulting practices, as well as the growing wealth management practice. Logan Kowcheck, CPA joined Schneider Downs in 2011 in the firm’s audit practice group. He graduated with a B.S.B.A
ILLINOIS Elliot Findlay was named the new chief operating officer and a member of the executive committee at Grant Thornton, Chicago, succeeding Jim Peko, who is now the firms CEO. The investment will support NABAs flagship initiatives, which include Pathway to College and Accelerated/Accounting Career Awareness Program.
OBannon Platform Accounting Group has announced an Illinois-based firm has joined the group. Madison Street Advisors is a mid-size national tax planning and preparation firm with a focus on audit mitigation strategies and reduction of audit profiles.
You know, you can see these things coming, and it’s very interesting to to be able to talk to the people that are making things happen in those spaces, and to understand their why and to understand the why behind the products.
We know New York, but, Neil Fishman (17:57): But the big thing was Dan Hood (17:58): New Jersey, Illinois, California all have Neil Fishman (18:01): Similar places. You had a lot of Republicans from the high tax states, New York, New Jersey, Connecticut, Illinois, California.
Illinois: Attorney Matthew E. Tomasello, Forest Park, and CPA Victor C. Smith, Woodstock, both indefinite from Jan. Hawaii: Enrolled Agent Michele K. Slone, Hilo, indefinite from March 18, 2025. Peek, Champaign, indefinite from March 18, 2025. Indiana: CPA Michael M. Harman, Modoc, indefinite from Nov. 20, 2024, and attorney Jason M.
Dolton, Illinois: Tax preparer Byron Taylor, of Homewood, Illinois, has pleaded guilty to preparing and filing false individual income tax returns for clients and for himself. The IRS issued a portion of the refunds, and he spent more than $2.7 million on personal expenses. He was also ordered to pay $2,769,173 in restitution.
Most recently, Cynthia Bradley, 45, of Belleville, Illinois, was sentenced to 15 months in prison and ordered to pay $5,768,106.28 Chris Mary Tijerina, 40, of Crandall, Texas, was sentenced to 15 months in prison and ordered to pay $7,560,661.69 in restitution. in restitution.
KPMG UK is under investigation : The accounting firm KPMG is under investigation by the sectors UK regulator over its audit of the 2022 accounts of the gambling company Entain. Maybe we’ll look at some historical data and see what kind of progress they’ve made in the past decade. For funsies.
ILLINOIS Jason Van de Loo was appointed CEO at Choreo, Chicago. NEW JERSEY Matt Sampson Matt Sampson was hired as a senior manager in the audit and assurance department at RRBB, Somerset. Brown Plus, Camp Hill, promoted: Amanda Moats to audit manager; and Trinity Benedict and Megan Duffy to tax senior associates.
Cynthia Bradley, of Belleville, Illinois, was sentenced to 15 months in prison in June and ordered to pay $5,768,106.28 Last week, on June 26, 2025, they were each sentenced by Judge Lynn: Sunshyne Endurance Ogungbemi, of Waxahachie, Texas, was sentenced to 18 months in prison in April and ordered to pay $7,533,550.84 in restitution.
She has more than a decade of experience providing sustainability reporting and assurance services coupled with nearly 20 years of experience providing audit and internal control opinions on financial information. Melody most recently served as the practice leader for a global advisory firm’s broker-dealer audit advisory service line.
Louis from Southwestern Illinois College for the start of the Fall 2021 semester, he was looking for more than just a familiar place to continue his educational journey. LinkedIn co-founder Reid Hoffman is afraid he’s going to get hit with a revenge IRS audit because he supported Kamala Harris for president.
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So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. But have sales tax audits changed over the last few years, through the pandemic and the introduction of economic nexus in 2018?
If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers. Sales Tax Audit Triggers.
One such location is Chicago, Illinois. If all of these specific taxes aren’t enough Chicago has been enforcing their own economic nexus threshold (separate from the economic nexus threshold of Illinois). Sales tax is complex for any business selling into multiple states. Got all that?
based online retailer of pet supplies and medication, has petitioned the Illinois Independent Tax Tribunal to challenge an audit assessment. In 2023, PetMed was hit with a large audit assessment, including for periods after Leveling the Playing Field came into effect. Uneven ‘leveling’: PetMeds, a Delray Beach, Fla.-based
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. McKeever Jr. McKeever Jr.
As an example, a distributor/wholesaler in Arkansas sells to a retailer in South Carolina and drop ships to the retailer’s customer in Illinois. The Arkansas distributor/wholesaler has nexus in Illinois and is registered for sales and use tax purposes in Illinois. These forms are especially important in sales tax audits.
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. In this article, we will explore the benefits of professional tax help for Chicago taxpayers facing tax audits, back taxes, and 941 payroll tax problems.
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. In addition, he served multiple terms on the ICPAS Board of Directors, of which he is a former chairperson, and the CPA Endowment Fund of Illinois Board of Directors.
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