The hiring of accounting graduates by CPA firms has declined 30 percent in recent years, and Illinois CPA Society president and CEO Todd Shapiro hopes to reverse that trend.
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August 29, 2020
Upcoming Events August 29, 2020
CPA firms' hiring of accounting grads down 30%
By Michael Cohn      7 min read
The hiring of accounting graduates by CPA firms has declined 30 percent in recent years, and Illinois CPA Society president and CEO Todd Shapiro hopes to reverse that trend.
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IRS to send extra stimulus money to spouses who were due child support
By Michael Cohn     2 min read
The Internal Revenue Service plans to send approximately 50,000 “catch-up” economic impact payments.
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Election 2020: Trump vs. Biden on corporate tax policy
Top 10 Firm Crowe has put together an at-a-glance guide to the candidates' positions on corporate taxes.
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Trump’s payroll tax deferral on hold without IRS guidance
By Laura Davison and Allyson Versprille     3 min read
The U.S. Treasury Department still has yet to tell companies how to handle President Donald Trump’s order delaying the due date for employee payroll taxes, leaving major employers like Walmart Inc. in the lurch.
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Tax pros’ top grumbles about the IRS coronavirus slowdown
By Jeff Stimpson
Practitioners share which part of the service’s pandemic-driven drop in service was most inconvenient to them.
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Billionaire Robert Smith fighting U.S. criminal tax inquiry
By David Voreacos and Neil Weinberg     10 min read
The matter hinges largely on whether Smith was actually the beneficial owner of Caribbean entities that received proceeds from his company’s first private equity fund, according to people familiar with the case.
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PPP update: What you and your clients need to know now
How can you help your small-business clients make the most of the PPP program?
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COVID-19 is a crossroads for accountants. Here’s how they can thrive
By Will Lopez     4 min read
Since the advent of the internet, the accounting profession has faced an identity crisis.
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The rise of cybercrime in the accounting profession continues
By Gary Salman     4 min read
The pandemic amplifies cybersecurity concerns for CPAs.
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Trump fight over delay of subpoena for taxes set for Sept. 1
By Erik Larson     2 min read
A federal appeals court set a hearing for Sept. 1 to consider President Donald Trump’s emergency request to put on hold a judge’s ruling that cleared the way for the Manhattan District Attorney to enforce a subpoena for his tax returns and other financial records.
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10 cybersecurity practices that create the best remote environment
By Nicole Fluty
As firms work remotely and cloud applications and security become more important than ever, accountants should be thinking about cybersecurity in new ways.
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