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News

SBA Issues Guidance on Additional PPP Funds

Most lenders have their portals open to accept PPP loan applications as of today. Please see additional information and guidance…

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News

Sassetti Turns 100 and Promotes First Female Managing Partner

Sassetti LLC celebrates 100 years of exceptional accounting, auditing, tax and advisory services.  Started by Frank L. Sassetti in Chicago…

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News

President Signs New Stimulus Bill December 27, 2020

The U.S. House of Representatives and U.S. Senate passed the Consolidated Appropriations Act, 2021 (bill), a massive tax, funding, and…

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Succession Planning: Preserving, Protecting, and Passing on Wealth

Transitioning Ownership The decisions made regarding ownership of the family office or closely held business may not necessarily be the…

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Tax

Businesses Should Prepare Now to Issue New IRS Form 1099-NEC

Businesses that would typically provide a Form 1099-MISC to independent contractors (and certain others) and the IRS need to be…

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Tax

Charitable Giving Under the CARES ACT

On March 27, 2020, the CARES ACT (Coronavirus Aid, Relief and Economic Security) was enacted. The Act includes provisions to…

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