

Filing Taxes 2019, Pt. 1
Its 2019, the government has reopened, and the IRS is running at full capacity, guess what that means? Time to prepare your taxes and...


Government Shutdown Ends
The partial government shutdown is over, which means the workers that were currently in the wings waiting to continue their work, may...


Tax Preparer Due-Diligence Finalized
The IRS has finalized proposed regulations under IRC Sec. 6695(g), but what does this mean for paid tax preparers? A lot and a little...


Worthwhile Deductions
As many people are aware by now, the Tax Cuts and Jobs Act has changed the way many people have done their yearly taxes. First of all,...


Working Capital Pt. 2
In the first part of the working capital post, we examined the basics of working capital and how it may help to place a value on your...


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...
































