Illinois CPAs spot numerous issues with accountant retention
Accounting Today
JANUARY 11, 2024
Salary, burnout and work-life balance are among the factors affecting retention of accountants, according to a report from the Illinois CPA Society.
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Accounting Today
SEPTEMBER 11, 2024
Illinois CPA Society president and CEO Geoffrey Brown and chair Deborah Rood discussed some of the hot topics in the accounting profession during a recent ICPAS Summit.
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The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
CPA Practice
SEPTEMBER 27, 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.”
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Building a Business Case for Finance Automation
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
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.
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.
CPA Practice
APRIL 22, 2024
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.
Going Concern
FEBRUARY 1, 2024
Fresh press release for you straight from the source: Aiming to aid accounting students and increase the pipeline of future certified public accountants (CPAs), the Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, are now accepting scholarship applications.
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.,
CPA Practice
JANUARY 9, 2024
The Illinois CPA Society and its charitable partner, the CPA Endowment Fund of Illinois, have announced the 12th and largest group to date to complete its award-winning Mary T. Alfred Dzakpasu Southern Illinois University Carbondale, Ill. Dasjha Eguasa Northern Illinois University DeKalb, Ill.
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., He is a state chapter president and board member of the American Academy of Attorney-CPAs, where he is a frequent speaker.
CPA Practice
MAY 30, 2023
The Illinois CPA Society (ICPAS) has selected Kiara R. Schuh, CPA, as the recipient of its 2023 Young Professionals Leadership Award. She received both her bachelor’s and master’s degrees from the University of Illinois at Urbana-Champaign’s Gies College of Business.
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. Congratulations to all our award recipients.”
Going Concern
MARCH 10, 2023
A cut out in the article includes this quote, “Should any state or jurisdiction lower the licensure requirement to 120 hours, their CPAs would no longer be automatically substantially equivalent and would no longer enjoy the mobility and reciprocal practice privileges they currently are afforded.” For example, Section 5.2
CPA Practice
APRIL 9, 2024
As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. By Nellie Akalp. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. and West Virginia) Washington, D.C.
Going Concern
JANUARY 4, 2023
The issue at hand is how exactly does an arbitrary requirement of 30 extra units make for better CPAs when a good chunk of those people take completely unrelated courses in basket weaving and gardening to meet it? One state that has been fully aware of the 150 hour rule’s unintended scaring away of quality candidates is Illinois.
Going Concern
AUGUST 16, 2022
As you can see, these comments highlight the three biggest issues getting in the way of more CPAs in the pipe: low starting pay, too many hours making it too difficult to study for the exam while working in public, and the fifth year of education. The post Illinois Will Soon Let You Sit for the CPA Exam With 120 Units, Should All States?
CPA Practice
MAY 14, 2024
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.
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.”
CPA Practice
SEPTEMBER 5, 2024
EisnerAmper’s most recent deal was a merger with fellow top 100 accounting firm Krost CPAs in Los Angeles. Since receiving private equity backing in 2021, EisnerAmper has completed several M&A deals with smaller firms to expand its footprint throughout the U.S. That transaction is expected to close this month.
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.
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. 6, 2023, at www.icpas.org/mtww.
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.
BuildYourFirm
APRIL 28, 2020
Previously he was recognized by the Illinois CPA Society with the Distinguished Service Award for outstanding service and commitment to the profession. Koltin is the author-editor of three books for professional services firms: CPA Firm Merger Strategies That Work, CPAs That Sell and the AICPA’s Marketing a Consulting Niche.
CPA Practice
MAY 16, 2024
Unveiling the findings of its previously announced research into the decreasing supply of new certified public accountants (CPAs), the Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is pleased to release its 2024 Insight Special Feature, “Re-Decoding the Decline: An Updated CPA Pipeline Report.”
CPA Practice
FEBRUARY 3, 2023
The Illinois CPA Society reminds taxpayers that CPAs, certified public accountants, can help. CPAs are strategically positioned to help file your tax returns and determine all your eligible deductions and credits. Find an Illinois CPA at www.icpas.org/findacpa.
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.
Anders CPA
JULY 8, 2024
David Hartley, CPA, CISA, advisory partner-in-charge at Anders CPAs + Advisors (Anders), has been appointed to the Southern Illinois University (SIU) Foundation Board of Directors effective July 1, 2024. in Accounting from Southern Illinois University – Carbondale. He holds a B.S.
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
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.
Accounting Today
MAY 17, 2024
The Illinois CPA Society's "Re-Decoding the Decline" report shows that time is the top barrier to CPA licensure, not the 150 credit-hour rule.
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.
CPA Practice
JUNE 6, 2023
The Illinois CPA Society (ICPAS) has announced its third class of Strategy Academy graduates.
CPA Practice
JANUARY 2, 2024
Founded in 1968, PKF Mueller has offices in Elgin, Chicago and Orland Park, Illinois, as well as an office in Sarasota, Florida. The acquisition strengthens Cherry Bekaert’s reach in the Illinois market, supporting the Firm’s strategic growth plans. Tang joins the firm from Marcum Asia CPAs LLP where he served as an Audit Partner.
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.
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.
CPA Practice
JANUARY 27, 2023
Retirement savers and employers alike should speak with their certified public accountants (CPAs), who can help them strategically manage their finances and maximize the tax credits and deductions available to them. Rahill, CPA/PFS, JD, LL.M., With SECURE Act 2.0 CGMA, is a managing director at Wintrust Wealth Management.
Going Concern
AUGUST 24, 2023
The AICPA and several state societies have cited a study by the Illinois Society of CPAs to say the 150-hour rule is not one of the top 5 reasons students do not pursue a CPA. A leader in the profession told me privately that the Illinois study is “bunk.” So why is the Illinois Society study questionable?
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.
CPA Practice
JUNE 1, 2023
AICPA News is a round-up of recent announcements from the American Institute of CPAs. AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award The American Institute of CPAs (AICPA®) recently announced the 50 winners of the 2022 Elijah Watt Sells Award.
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.
CPA Practice
NOVEMBER 6, 2023
Yamoah, University of Illinois at Urbana-Champaign Isabel Maria Ford, University of Florida Jae Yeon Pyo, Carnegie Mellon University Jeremy Richardson, Texas Tech University Jessica Thornton, University of Illinois at Urbana-Champaign Jewel O. Herz, CPA, CGMA, FCA, is the recipient of the 2023 AICPA Gold Medal Award of Distinction.
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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