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…
5 Considerations for the Nonprofit Sector
By Divya Gadre, CPA Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain…
Should You Change Your Accounting Method for 2021?
As Congress grapples with tax proposals and the pandemic continues to create uncertainty for businesses, corporations and pass-through entities can…
