When examining the availability of tax credits, organizations in the nonprofit and local government space typically disregard the opportunity as…
2023 Year-End Tax Planning For Individuals
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to…
Maximize Your Tax Savings: Mastering Depreciation Rules for Business Vehicles
Are you utilizing a car for your business operations? Understanding the complex tax depreciation deductions for vehicles, including a wide…
Small business 401(k) plans – Meet the IL retirement mandate
Many states have begun implementing state laws that require every employer that has been in business for a certain period…
New Illinois Unclaimed Property Program
The state of Illinois began a new unclaimed property enforcement program around July 1, 2021, to identify noncompliant companies that…
Accounting for Shuttered Venue Operators Grants
By Tammy Ricciardella, CPA Background On Dec. 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act…
