Illinois Related Topics 
CPA Practice
JANUARY 18, 2023
The Illinois CPA Society: At-a-Gance Current Members: 22,600 Founded: 1903 Headquarters: Chicago www.ICPAs.org. Entering its 120 th year, the Illinois CPA Society begins the new year with a new President and CEO slated to take the reins in February 2023.
Going Concern
JANUARY 4, 2023
One state that has been fully aware of the 150 hour rule’s unintended scaring away of quality candidates is Illinois. As of this past Sunday, you can sit for the CPA exam in the state of Illinois with 120 units (you still need 150 to sit, cue The Price Is Right losing horn sound here).
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RitaKeller
JANUARY 17, 2023
In Illinois, you will only need 120 credit hours to sit for the Exam. Here’s the press release from ICPAS: Illinois Updates CPA Exam Eligibility, Reduces Credit-Hour Requirement. The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—advocated alongside the Illinois Board of Examiners (ILBOE) to reduce the credit-hour requirement for testing eligibility from 150 semester credit hours to 120. “Just believe in yourself.
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. When: Aug.
Going Concern
AUGUST 16, 2022
In Illinois, they’re taking a unique step to mitigate at least one of those factors: bumping the requirement to sit for the exam down to 120 units. The post Illinois Will Soon Let You Sit for the CPA Exam With 120 Units, Should All States?
Patriot Software
JULY 28, 2022
Seeing this looming crisis, Illinois launched the Secure Choice Retirement Savings Program (Illinois Secure Choice). Like other state retirement programs, Illinois Secure Choice mandates that all businesses with five or more employees […] READ MORE.
Nancy McClelland, LLC
JULY 9, 2022
Illinois’ 1% sales tax on groceries will be suspended for the state’s fiscal year, from June 1, 2022 through June 30, 2023. This sales tax reprieve is predicted to net approximately $400 million in consumer savings.
Nancy McClelland, LLC
JULY 22, 2022
On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. My inbox on June 27th.
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.
PYMNTS
JUNE 26, 2019
The governor of Illinois signed a marijuana legalization bill on Tuesday (June 25), making it the 11th state to legalize pot. In addition, Illinois has become the first state to legalize the selling of the drug. Illinois’ 55 medical- cannabis dispensaries will be the first to apply for licenses because they’re proven businesses, Cassidy said. Regulation Cannabis Illinois Legislation marijuana dispensary Marijuana Legalization News state law What's Hot
Anders CPA
OCTOBER 19, 2022
Anders is expanding our partnership with Fifth Avenue Healthcare Services (Fifth Avenue) to offer a streamlined, outsourced credentialing and provider enrollment process for physician practices and health systems in Missouri and Illinois.
Accounting Today
MAY 19, 2022
Diversity and equality Gender issues
Anders CPA
NOVEMBER 10, 2022
Illinois businesses should be aware that an important deadline to register for Illinois Secure Choice has already passed, but there’s still time to ensure your business won’t face exorbitant fees for not registering. What Is the Illinois Secure Choice Act?
Anders CPA
JULY 26, 2022
The Illinois Back to School Sales Tax Holiday is a great time to stock up on supplies needed for the upcoming school year. In Illinois, the sales tax holiday starts at 12:01 a.m. Below is a list of categories that qualify for Illinois’ sales tax holiday.
PYMNTS
MARCH 17, 2017
One of the recent groups to add their name to the list is the Illinois Department of Financial and Professional Regulation. In its involvement, the Illinois regulator will be responsible for working with 80 financial institutions of R3’s membership to build out secure and scalable blockchain-based applications. Among its R3 counterparts, Illinois will be joining the Bank of Canada and the Securities & Futures Commission of Hong Kong.
CPA Practice
MAY 17, 2022
The Illinois CPA Society (ICPAS), in partnership with the ICPAS Women’s Committee and the AICPA Women’s Initiatives Executive Committee, presented the winners of the prestigious 2022 Women to Watch Awards at the ICPAS Women’s Leadership Forum, held.
PYMNTS
JANUARY 10, 2020
On another note, Illinois has become the most recent state to recognize blockchain-based records, including smart contracts, as legal, according to CoinDesk. Illinois’s Blockchain Technology Act went into effect on Jan.
PYMNTS
JANUARY 7, 2019
Illinois’ Role. Many of those efforts are likely to center on Illinois, which has what is commonly regarded as the strictest law in the U.S. The Illinois Biometric Information Privacy Act , a state law enacted in 2008, gives users a “property interest” in the algorithms that establish their digital identities. Plaintiffs were seeking more than $5 million for the “hundreds of thousands” of Illinois residents affected.
PYMNTS
OCTOBER 5, 2016
The Wells Fargo fake account scandal has resulted in more fallout for the beleaguered bank — this time, with Illinois announcing a ban on bond and investment work with Wells Fargo. According to a report , Illinois Governor Bruce Rauner’s administration said it won’t include Wells Fargo until further notice. Banking Chicago fake account scandal Illinois News wells fargo What's Hot
Nancy McClelland, LLC
DECEMBER 29, 2022
Illinois Department of Human Rights Sexual Harassment Training For the record, this one is state-mandated, not just city-wide. Chicago businesses should take a moment to review upcoming changes before year-end.
PYMNTS
OCTOBER 26, 2016
At the state level, Illinois’ government has shown interest in delving into incorporating blockchain into how it does business. The state of Illinois is taking an important step forward by directly recognizing the many ways in which blockchain and distributed ledger technologies can improve the workings of a variety of state- and county-level governmental functions,” said Lewis Cohen at Hogan Lovells. “By
PYMNTS
DECEMBER 3, 2019
Lumin Digital has signed a multi-year contract with the University of Illinois Community Credit Union (UICCU) that will have Lumin’s cloud-based platform serve as the credit union’s digital banking solution for retail banking and bill payment.
Nancy McClelland, LLC
JANUARY 23, 2023
The State of Illinois also opened its tax season today. In a press release , the IDOR Director, David Harris, highlighted the improved and enhanced MyTax Illinois system.
Katz,Sapper&Miller
APRIL 28, 2016
Katz, Sapper & Miller is sponsoring the Medical Group Management Association (MGMA) 2016 Joint Annual Conference and 30th Anniversary Celebration – a collaboration between the Indiana and Illinois chapters of MGMA
PYMNTS
MAY 19, 2016
Among the proposed methods, facial recognition has long been a pie-in-the-sky solution, but Illinois is the latest state to show that there’s a future in the tech. The Chicago Tribune is reporting that Illinois is set to add facial recognition services to its driver’s license application process. Previously, Illinois handed new or replacement driver’s licenses to applicants immediately after all proper paperwork was processed in physical branch locations.
Katz,Sapper&Miller
AUGUST 30, 2018
Zee Malik and Troy Hogan, directors in Katz, Sapper & Miller’s Transportation Services Group, will present at the 2018 Illinois Trucking Association Annual Meeting & Expo. Taking place Sept. 18-20, 2018 in Normal, IL, the conference will bring together trucking leaders to address top issues facing the transportation industry
PYMNTS
AUGUST 16, 2016
15) that it has entered into an agreement with the University of Illinois at Chicago to open a package pickup location inside the student center on the UIC campus, Amazon said in a press release. Amazon announced on Monday (Aug. The center, called Amazon@UIC, will be a staffed package pickup location where students, faculty and staff can pick up and return Amazon orders. The 2,300-square-foot Amazon@UIC is expected to open later this year. “We
Nancy McClelland, LLC
JANUARY 31, 2022
Join the City of Chicago, Cook County, and State of Illinois leaders as well as other experts to learn about what it takes to be “ready” to apply for grants and contracts funded by American Rescue Plan Act (ARPA) and other economic recovery funding streams.
Nancy McClelland, LLC
JULY 29, 2022
Education Illinois Tips BACP capital chicago City of Chicago education financing free free webinar loans SCORE small business small business owner small businesses webinar webinars workshops
Nancy McClelland, LLC
FEBRUARY 28, 2022
Education Illinois Tips BACP business education chicago City of Chicago free sidewalk small business small business owner small businesses webinarThursday, 3/3 at 10:00 AM. How to Apply for a Sidewalk Cafe Permit.
Nancy McClelland, LLC
JULY 7, 2022
Education Illinois Tips BACP chicago chicago ordinance city council City of Chicago cook county employee benefits employer employer requirements fair workweek free webinar July 1 labor laws minimum wage sexual harassment small business small business owner small businesses webinar webinars
Nancy McClelland, LLC
FEBRUARY 6, 2022
To get a list of the estimated tax payments you’ve made to the state of Illinois, go to [link] and enter your SSN, Name, and the year (in this case 2021).
TaxConnex
AUGUST 17, 2021
Looking at each of the two transactions individually helps to make the answer clear: Let’s look at a distributor in Arkansas who sells to a retailer in South Carolina (at that retailer’s request) and drop ships the product to the retailer’s customer in Illinois.
PYMNTS
MAY 12, 2020
Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported.
PYMNTS
MAY 22, 2020
Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.
PYMNTS
JANUARY 25, 2019
The Supreme Court in Illinois ruled on Friday (Jan. 25) that a teen can sue Six Flags amusement park over violation of an Illinois privacy law, in a case that could have repercussions for tech giants like Google and Facebook. The lawsuit can proceed under the Illinois Biometric Information Privacy Act, the court said, which requires that companies collecting biometric information like iris and facial scans or fingerprint data get prior consent from individuals.
PYMNTS
FEBRUARY 10, 2020
Separately, Facebook has reportedly settled a lawsuit for violating laws in the state of Illinois tied to facial recognition technology, agreeing to pay a fine of $550 million. The jousting over eCommerce taxes — especially for U.S.
PYMNTS
MARCH 25, 2019
But the laws and regulations governing biometrics have yet to catch up to the reality of their use, and that’s perhaps most apparent when it comes to two recent, high-profile cases in Illinois. The Illinois Biometric Information Privacy Act , commonly known as BIPA, not only stands as the strictest biometric privacy law in the U.S., The Supreme Court in Illinois ruled on Jan. Legal biometrics Editors' Picks Illinois laws Lawsuits News privacy regulations Security
TaxConnex
MAY 26, 2022
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.
PYMNTS
OCTOBER 29, 2018
In Illinois, and a handful of other states, changes in how employees are reimbursed for business-related expenses herald changes on a broader scale, and in how firms use technology to make sure that expenses are being recorded accurately. In the case of Illinois, an amendment to the state Wage Payment and Collection Act means employers must reimburse for “all necessary expenditures” incurred in the course of normal duties, and need not require the submission of receipts.
TaxConnex
JULY 29, 2021
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.
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