Fall Season is Tax Time

When most people think about “tax time”, their first thought would be the weeks preceding the April 15th tax filing deadline. This is, of course, the time when most (not all) taxpayers comply with the annual requirement to file tax returns with the federal and state governments. It is also the time in which we…

Thoughts on Organizational Excellence

Another tax season is behind us now and the color green has returned to the Chicago area. It is this great transformation of nature that makes so many of us love living in the Midwest. The baseball organization that is headquartered at Wrigley Field has also gone through a transformation; one that would have seemed…

The Threat Is Real… Identity Theft

On May 26, 2015, the IRS admitted that the information of more than 100,000 taxpayers was compromised by hackers using their ‘Get Transcript’ application. In 2016, the IRS revised that number up to 700,000 taxpayers. Data breaches of JP Morgan Chase, eBay, Home Depot, and Target have made headlines over the past few years. Millions…

A Flat Tax?

It seems that anything preceded by the word “flat” is not a good thing: flat tire, flat line, flat beer, or flat tax. Many people think my aversion to a flat tax is based solely on the fact that the implementation of a flat tax system would significantly impact my role as a tax preparer, but…

Springtime Ushers in ‘Holidays’

For most of us who work in the public accounting profession, the time from February through April 15th is known as “Tax Season”. Tax Season can be both an exercise in long hours and too much time looking at computer screens. But looked at positively, it is also a time when we are re-united with…