O.J., accounting fraud, Icahn: The story of Hertz going bust

The short version of Hertz Global Holdings Inc.’s bankruptcy story goes something like this: Global pandemic obliterates the travel business and lands an iconic 102-year-old company in court to seek protection from creditors.

O.J., accounting fraud, Icahn: The story of Hertz going bust


ICPAS announces 2020 academic scholarship recipients

The Illinois Society of CPAs awarded $84,000 to 43 collegiate accounting students as part of its Accounting Scholarship Program.

ICPAS announces 2020 academic scholarship recipients


How to arbitrage U.S. taxes for difficult economic times

Pandemic-induced market volatility and warnings from Wall Street that tax rates are bound to rise have more Americans preparing to move money from traditional individual retirement accounts into Roth IRAs.

How to arbitrage U.S. taxes for difficult economic times


Art of Accounting: Planning your strategic planning meeting

This year all playbooks have to be discarded and a fresh start needs to be developed.

Art of Accounting: Planning your strategic planning meeting


IRS Tax Forums to go virtual this year

The live-streamed webinars will start in July.

IRS Tax Forums to go virtual this year


Coronavirus changes priorities for corporate tax pros

The COVID-19 pandemic is forcing corporate tax departments to reconsider their top priorities for this year, according to a new survey.

Coronavirus changes priorities for corporate tax pros


SEC requires more disclosure of acquisitions and dispositions of businesses

The Securities and Exchange Commission voted to add amendments to its rules and forms to improve financial information about acquired or disposed businesses for investors, and decrease the complexity and costs of preparing such disclosures.

SEC requires more disclosure of acquisitions and dispositions of businesses


Senate bill would stop garnishment of stimulus payments by debt collectors

A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.

Senate bill would stop garnishment of stimulus payments by debt collectors


People & firms on the move: Maner Costerisan names first director of marketing

Grant Thornton appoints leaders of 18 offices; Clayton & McKervey introduces PPP consulting services; and more CPA news.

People & firms on the move: Maner Costerisan names first director of marketing


Retention rules vary for state e-file signature authorization forms

How long should tax professionals hold onto the e-file signature authorizations of their clients? It depends on where they and their clients reside.

Retention rules vary for state e-file signature authorization forms