Another Attempt at ‘Leveling’ Illinois’ Sales Tax Despite the Illinois General Assembly’s latest legislative move to further level the playing field for out-of-state retailers, problems persist.

6 Tips for Implementing the New Quality Management Standards Starting now, gaining familiarity, and building the right team will be crucial for complying with the AICPA’s coming professional standards.

How CPA Firms Can Prepare for Illinois’ Pay Transparency Law Beginning Jan. 1, 2025, employers in Illinois will be required to disclose salary ranges in job postings. Here’s what CPA firms and other organizations can do now to prepare.

Wading Through the New Independent Contractor Status Rule A new federal rule outlines a multifactor test for evaluating whether a worker should be classified as a 1099 independent contractor or W-2 employee.

The Retirement Security Rule: Only Fiduciaries Need Apply A new proposed rule seeks to expand the definition of a fiduciary in the context of an investment advisor. Here’s what financial planners need to know.

Decoding Decoupling: The Facts Behind Pritzker’s Proposal Gov. J.B. Pritzker is seeking to decouple Illinois’ income tax code from two CARES Act provisions. Here’s a look at the history of decoupling, the complications it creates, and my argument against the proposal.

Illinois Tax Potpourri: Three Issues of Interest to Taxpayers From tax incentives to audit instructions, Illinois taxpayers and CPAs have a lot to watch as legislators and courts tackle more tax issues.

Spring Cleaning in the Statehouse With the spring legislative session well underway, legislators are attempting to clean up Illinois’ politics.

The Ethics of Terminating Employees Keeping ethics top of mind will ensure your decision to terminate is for the right reasons.