Digital Currency

Reporting cryptocurrency transactions to the IRS can be a complicated process, and while the IRS has put together a helpful FAQ, the Illinois CPA Society encourages taxpayers to partner with a CPA ...

The firm and its subsidiaries now employ 53 partners and over 350 associates across the firm. In 2021, the company invested in newly created operational positions, including the first chief growth officer and chief financial officer.

The regulation was first announced by Nacha in March 2021 with a one-year grace period for compliance. As of March 19, 2022, ACH originators must use account validation as a “commercially reasonable fraudulent transaction detection system” to screen ...

While taxpayers should not file late, they also should not file prematurely. People who file before they receive all the proper tax reporting documents risk making a mistake that may lead to processing delays.

“Max the Tax” is the first series from “Surgent Interactive”, a new line of short, game-based online courses to keep accounting, tax and financial professionals engaged while they develop skills and earn CE credits.

Ledgible, a professional platform for tax and accounting of crypto assets, has announced upcoming reporting options for staking rewards in light of the recent announcement concerning the lawsuit against the IRS over staking rewards, released by the Proof of Stake Alliance (POSA). “As there still remains differing positions around how staking rewards are taxed, Ledgible […]

In 2021, the median fraud loss reported to the NCL Fraud.org campaign hit a 10-year high of $800, according to the organization’s annual Top Ten Scams Report.

Tax professionals need to account for shifting cybersecurity risks before a frenzied tax season captures their time and attention. Here are three cybersecurity trends that CPAs and accounting firms must address this tax season.