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Amended Safeguards Rule Intensifies Data Security Measures for Auto Dealers

Automotive dealerships have been complying with the Gramm-Leach-Bliley Act’s (GLBA) Safeguards Rule for more than 20 years to ensure customer data security. In October 2021, ... Read more

Latest Findings on Occupational Fraud

According to the Association of Certified Fraud Examiners (ACFE), “fraud” is any activity that relies on deception to achieve a gain. Those individuals committing fraud ac ... Read more

ERISA Noncompliance Penalties Increase in 2022

Starting this year, most Chicago benefit plans are subject to higher penalties for violations. The annual penalty increase has been in place since 2016, so plan sponsors of ex ... Read more

Verification Letters from the IRS

Getting a letter from the IRS today almost certainly comes with apprehension. First, in today’s age we must assess and determine if the correspondence is in fact legitimatel ... Read more

Differences Between an Accountant and Bookkeeper

Accountant or bookkeeper? This is a common question many Chicago business owners and managers ask when contemplating how to outsource part or all their accounting functions. W ... Read more

Study Finds Auto Dealership Satisfaction On New High

Even without the pandemic, the automotive industry was primed for disruption. Electric vehicles, ridesharing, and automation were already changing automotive production and co ... Read more

The IRS Backlog…Not Seeing End in Sight

As reported by numerous media outlets (The Hill, NPR, The Washington Post, CBS News, The New York Times), the IRS backlog is staggering. This is of course not good news at the ... Read more

The Value of Financial Guidance for Startup Companies

The United States has the most startup companies in the world by a large margin, and COVID-19 has not dampened these business prospects. In fact, startups were established at ... Read more