*The federal filing deadline for 2024 individual returns will be April 15, 2025. The extension deadline for those returns is…
Do You Need a Trust?
CPAs often emphasize the tax benefits of trusts. Trusts can help minimize estate taxes and, in some cases, income taxes….
Illinois Sales and Use Tax on Leased Tangible Personal Property
The Illinois Sales and Use Tax on leased tangible personal property, effective January 1, 2025, introduces new requirements for lessors…
263A: Navigating Simplified Methods and UNICAP Compliance
What is UNICAP? This is a continuation of my last article What is UNICAP? Section 263A Explained. 263A (also…
Dissecting the Skilled Labor Shortages Facing the Manufacturing Industry
Overview As a pivotal part of the global economy, the manufacturing industry is essential for fostering innovation, job creation, and…
House Republicans Float Long List of Potential Tax Measures
Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which…
