Legislation & Regulation

What CPAs Should Know About the Growing Vacation Rental Landscape CPAs who understand the complex tax and financial requirements of vacation rentals are best positioned to help a growing client base optimize their financial outcomes.

Traversing the Murky Waters of Illinois’ New Sales Tax on Leases Changes to Illinois’ sales tax on leases of tangible personal property have created a sea of anticipated and unanticipated complications.

Keeping Up With Legislation in the Information Age These resources can help you stay ahead of the timely issues impacting the profession.

Addressing Misconceptions About the Evolving CPA Licensure Requirements Recent discussions around changes to CPA licensure have sparked questions and, in some cases, misconceptions. Here, executive leaders from six of the largest state CPA societies offer further clarity on the issue and dispel some myths about what comes next.

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.

How CPAs Can Maximize Clients’ Savings Through R&D Tax Credits Businesses of all sizes can qualify for significant tax savings through research and development credits. Here are some tips for CPAs to consider.

Hashing Out Illinois’ New Sales Tax on Leases Following years of negotiations, changes to the sales tax on leases of tangible personal property will go into effect on Jan. 1, 2025.

Heading Toward a Professional Services Tax A series of budget pressures are creating the perfect storm for a professional services tax to surface in Chicago.

Lights, Camera, Fiscal Action Ahead With the latest state operating budget over the finish line, the stage is now set for a challenging 2026 fiscal year.