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Illinois Income Tax Changes

Impact on Individuals Effective July 1, 2017, the Illinois Income Tax Act and the Retailer’s Occupation Tax Act were amended resulting in numerous changes to tax rates, cred ... Read more

Preparing for a Business Valuation

Most business owners will conduct a business valuation once or twice in their careers at most. This often occurs when an individual wants to buy or sell shares in the company, ... Read more

Impact of Illinois Income Tax Rate Change on Payroll

Illinois has implemented a permanent personal income tax hike, retroactive to July 1, 2017. The tax rate has increased from 3.75% to 4.95%. As a result, employees may see this ... Read more

Illinois Secure Choice Savings Program Act Delayed

Originally scheduled for July 2017, in May the Illinois Senate and Illinois House passed a bill (HB 2360) that will delay the implementation of the Illinois Secure Choice Savi ... Read more

Late Deposits of Benefit Plans

It is that time of year, when many CFOs and human resources administrators begin to prepare for and collect data needed to perform an annual benefit plan audit. Most large emp ... Read more

How a Certified Valuation Analyst Can Help You

How much is a business interest worth? This is not an easily answered question. The answer is influenced by: economic factors (local, regional, national, and international); t ... Read more

When Is It Time to Consider Outsourcing Your Accounting?

There is no denying that the entrepreneurial spirit is alive and well in corporate America. A revolutionary idea for a life saving device, a new manufacturing process that sav ... Read more

The Asset Approach to Business Valuations

Determining the value of a business is an essential exercise for many reasons. In many cases, a valuation is conducted because the business is involved in a sale or acquisitio ... Read more

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