The prevalence of cryptocurrency—or what the Internal Revenue Service (IRS) refers to as “virtual currency”— in investing and financial transactions has increased…
Complying with Year-End Reporting Requirements for Qualified Sick and Family Leave Wages Paid in 2021
The IRS has issued guidance to employers on year-end reporting for sick and family leave wages that were paid in…
House Ways and Means Committee Releases Initial Tax Proposals
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases…
New Illinois Unclaimed Property Program
The state of Illinois began a new unclaimed property enforcement program around July 1, 2021, to identify noncompliant companies that…
Accounting for Shuttered Venue Operators Grants
By Tammy Ricciardella, CPA Background On Dec. 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act…
Breaking Down Barriers—and Silos: Addressing Leadership Challenges in a Remote Environment
By Barbara Finke, CPA Are you tired of the “new normal,” logging into yet another virtual meeting and hoping your…
