ARKANSAS

The Arkansas Society of Certified Public Accountants has announced their Officers and Directors. The Officers and Directors were nominated by the Society’s Nominations Committee and approved by the membership.

ILLINOIS

CohnReznick LLP was recently named one of the Best Places to Work for Career Development by Crain’s Chicago Business.

MARYLAND

Bitcoin Shop, Inc. the virtual currency ecommerce marketplace has appointed Marcum LLP as its new independent registered public accounting firm for its fiscal year ending December 31, 2014.

NEW YORK

The American Institute of CPAs, the National Association of State Boards of Accountancy and Prometric marked the 10th anniversary of computer-based testing for the Uniform CPA Examination and note the continued enhancements and successful expansion of the test administration over the past decade.  Leveraging technology has allowed for increased candidate convenience and accessibility as a service to aspiring CPAs, as well as greater flexibility in the format by which questions are asked and content is assessed. These advancements have allowed the CPA Examination to stay closely aligned with the assessment of prospective CPAs. … Entrepreneur, Cynthia Tercier, has founded a new social utility website that allows people to find activity partners in areas of common interest with the assurance of knowing that every member has gone through a complete background check, courtesy of Tercier's website www.FirstInteraction.com. … A new study, recently conducted by UHY International, found that “Old” world economies charge higher inheritance and estate taxes than “New” world economies. The study looked at inheritance and estate tax rates in 23 major economies around the world, measuring the amount of inheritance tax paid on estates of individuals living in those countries.  Generally countries do not access a transfer tax on estates passing from a deceased spouse to the surviving one. The level at which inheritance tax thresholds are set is a crucial issue for middle class families; therefore, if exemptions or thresholds are not adjusted in line with inflation it can mean that taxes that were originally designed to apply only to the wealthy will start to affect a larger portion of the population.