One of the tools the IRS uses in its efforts to prevent tax-related identity theft and to confirm that a…
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…
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…
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…
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…
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…
