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Why Adjusting Entries Are Essential for Accurate Books

Many business owners focus on increasing sales, driving profit, and enhancing product or service offerings. Their priorities also include managing employees and fostering rela ... Read more

Tax Free Gift from Your IRA

You can reduce or eliminate the tax on income you are required to take from your Individual Retirement Account (IRA), but may not need, using Qualified Charitable Distribution ... Read more

Illinois Solar Tax Incentives Have Never Been Better… And Likely Never Will

In a continuous effort to evaluate their energy costs, owners of commercial and rental property alike are often drawn to the altruistic and sustainable features of solar energ ... Read more

Use Cash Flow Projections to Drive Your Business Forward

Healthy cash flow is fundamental to the success of your business. Understanding where the money comes from and where the money goes is a necessity for business survival. Many ... Read more

The Income Approach to Business Valuations

Managing a successful business requires discipline, vision, clarity, and consistency. Attention needs to be focused on serving the needs of customers, employees, as well as co ... Read more

Retirement Plan Options for Small Businesses

Navigating the various retirement plan options for a small business owner can be overwhelming. There are many different plans and each plan has their own advantages and disadv ... Read more

Inflation Adjustments Under Recently Enacted Tax Law

Each year, the dollar amounts for a variety of tax provisions are adjusted to keep pace with inflation. The adjustments affecting 2012 tax returns, filed in 2013, include the ... Read more

Cashing in on Uncommon Charitable Contributions

For taxpayers who itemize deductions, the Internal Revenue Code allows several ways to contribute to qualified organizations beyond writing a check or dropping off a box of cl ... Read more