Chicago CPA Firm – Selden Fox

The driving force at Selden Fox is our commitment to the prosperity of our clients. We are committed to providing service that is continuously accounting for your future. Our promise to go beyond compliance and provide advice and services that uniquely fit your future is what sets us apart from other accounting firms.

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Small Employer Tax Credits Thanks to SECURE Act 2.0

Retirement is a time to disconnect from the grind of the working world and spend time with loved ones, pursue a passion, or travel the world. Unfortunately, the reality is that many will simply not have the savings needed to fund retirement. According to the National Institute on Retirement Security (NIRS), the average working household has almost no retirement savings. The median retirement savings for all households is $3,000 and $12,000 for near retirement households. …

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Key Details of the Illinois Paid Leave Act

A new mandate for employee paid leave will impact most Chicago area employers starting on January 1, 2024. The Paid Leave for All Workers Act (the “Act”) which was passed on January 10, 2023, will give up to 40 hours of paid leave to most employees, who can use it for any reason. The changes included in the legislation are designed to provide workers with a reasonable amount of paid time off while ensuring employment …

Tax Planning: Stock Evaluation At Year End

Most of you are aware that during the month of November and December, many mutual funds pay out dividends and capital gains that have accumulated during the year. If you own shares on what is known as the ex-dividend date, …

Five Key Accounting Reports to Review Monthly

The focus for most business executives and entrepreneurs is on the performance of the company itself. This often means time and energy is focused on customer service, sales, marketing, human resources, production, and process improvement. Driven by passion for the …

Best Practices for Business Document Retention

As a business, how long you need to keep tax and other records or documents always seems like more of a daunting question than it really should be. Whether you are a new employee and have inherited your predecessor’s file …

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Finding a tax provider that has the depth of experience blended with practical perspective is essential to success.

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Consistent, reliable and timely accounting information for leadership is vital for making better business decisions.

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