Tax

House Ways and Means Committee Releases Initial Tax Proposals

On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases…

The state of Illinois began a new unclaimed property enforcement program around July 1, 2021, to identify noncompliant companies that…

By Divya Gadre, CPA Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain…

As Congress grapples with tax proposals and the pandemic continues to create uncertainty for businesses, corporations and pass-through entities can…

Illinois on August 27, 2021 enacted S.B. 2531, which will allow pass-through entities (PTEs) to elect to be taxed at…

On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for employers that have taken or…