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Sign UpTax Credits on Amended Payroll Tax Returns
Historically, credits due to a company from an amended Illinois payroll tax return would need to be approved by the state prior to being taken on future payroll tax returns. I ... Read more
SECURE Act’s Impact on Illinois Businesses
Congress recently passed important legislation that expands employee retirement saving benefits and incentives for companies. The Setting Every Community Up for Retirement Enh ... Read more
Illinois to Start Taxing Nonresidents if They Work in Illinois
Effective for tax years ending on or after December 31, 2020, employers are now required to withhold Illinois income tax from compensation paid to a non-resident employee if: ... Read more
Extender Legislation Signed by the President
On December 20, 2019, the President of the United States signed into law The Tax Payer Certainty and Disaster Tax Relief Act of 2019 (Public Law No. 116-94) following the pass ... Read more
Tax Incentives for Illinois Companies
As a new year begins, many Chicago and Illinois companies spend time reviewing their performance and profitability over the past 12 months. It’s often a time for candid refl ... Read more
Year End Tax Planning for Businesses
As the end of year quickly approaches many business owners are focused on reviewing company performance over the last 12 months. Time is often spent on reviewing sales perform ... Read more
Which Business Valuation Method Should be Used for Your Company?
There are many essential reasons why a business valuation may need to be performed. Buying or selling a company, gift or estate tax purposes, litigation purposes, or even plan ... Read more
Chicago Manufacturers’ Workforce Struggles Continue
Maintaining a vital and financially healthy manufacturing company continues to be a challenge. Concerns about tariffs and impact on access to raw materials, technical componen ... Read more