CPAs’ Important Role in Navigating ESG Requirements As the ESG landscape evolves, CPAs’ responsibilities will likely only become greater. To prepare their organizations for the future, here’s what CPAs and other accounting professionals should consider.

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.

ESG Refocused: The Clock Is Ticking on Mandatory Sustainability Reporting With a plethora of new requirements coming into focus, sustainability reporting is quickly becoming a business imperative. Experts say now’s the time for organizations to act before it’s too late.

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.

Navigating the Beneficial Ownership Reporting Requirement With much uncertainty surrounding the Corporate Transparency Act’s beneficial ownership reporting requirement, CPA firms must practice due diligence to protect themselves and their clients.

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.

Inflation Reduction Act: Impacting Real Estate Tax Returns The Inflation Reduction Act of 2022 brought substantial changes to Section 179D Energy-Efficient Commercial Building Tax Deduction, a flagship federal tax incentive. Here’s what to know for this tax season.

It’s Complicated: A Closer Look at Cannabis Sales and 280E Although sales of recreational and medical cannabis are legal in Illinois, they remain illegal at the federal level. Here’s how it complicates taxable income.

Are You Ready for Beneficial Ownership Compliance Reporting? Small businesses, including CPA firms, will soon be required to report beneficial ownership information per the Corporate Transparency Act. Here’s what you need to know to prepare.