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Sign UpKey Signs It’s Time to Change Plan Auditors
For most companies, the benefit plan audit is a requirement that needs to be addressed to satisfy regulators. A benefit plan audit is often coupled with the company’s financ ... Read more
Internal Controls: Best Practices
An organization is best set up for success when it has strong internal controls. For an organization to develop and maintain effective controls, they must first understand the ... Read more
What is Different and the Same with Roth IRAs Under the New Tax Law?
The Roth IRA remains an attractive retirement planning vehicle for many individuals after the changes made by the Tax Cuts and Jobs Act (TCJA). Here’s a look at Roth IRAs an ... Read more
Filing the Illinois Withholding Income Tax Return
Starting with the 2018 tax year, Form IL-941, Illinois Withholding Income Tax Return, is required to be electronically filed. This can be done by using a third-party software ... Read more
Meal and Entertainment Deduction Changes
Historically, taxpayers could generally deduct 50% of business-related meal and entertainment expenses. However, several exceptions allowed larger deductions in certain circu ... Read more
Cybersecurity Quick Tips for Small Businesses
Security is a feeling that everyone needs including businesses, families, and individuals. Without a base level of security, it would be impossible to trust and feel safe. As ... Read more
How an Accountant Can Help Your Startup
Why did you start your business? We have asked many of our clients this question, and never once did we hear, “I wanted to be my own accountant.” Rather, they started thei ... Read more
Impact on Homeowners of the New Limit on SALT Deductions
The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for taxpayers who itemize deductions on their federal income tax returns. Unfortu ... Read more