

Working Capital Pt. 1
Understanding basic concepts and how they may affect your business is a key factor to any start-up or maintaining a current company. ...


Illinois Estate Tax
Previously we have posted and explained the changes to the federal estate taxes since the implementation of the Tax Cuts and Jobs Act. ...


Guidance on Nondeductible Parking Expenses and UBTI
The IRS recently issued new guidance in order to help taxpayers determine which part of parking expenses are no longer tax deductible. ...


Federal Estate Tax
The Tax Cuts and Job Act brought in plenty of changes from 2017 and 2018. One of the largest changes was to the federal estate tax,...


Farmers and Tax Returns
Farmers are a mainstay of the American economy, and are frequently treated a little differently come tax season. Farmers may have...


Meal Deduction Guidance
With a new tax year, there is new guidance being issued for the new year. Specifically speaking, the IRS has addressed guidance for...


Tax Return Changes
How the average person files their tax return will be different in 2019 as part of the Tax Cuts and Jobs Act, which moved toward a...


Tax Preparer’s Be Aware
The IRS has recently released proposed regulations regarding the passthrough entity deduction. 199A has been talked about frequently...


2019 Standard Mileage Rates
The optional standard mileage rates for business use of a vehicle will raise from 2018 to 2019. Previously, the rate was 54.5 cents per...


Beware Illegal Tax Moves
Every year when people file their taxes, some might be tempted to misappropriate some expenses here or there to change their tax brackets...
































