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Auto Dealers: Rules on Business Meal and Entertainment Deductions

As an auto dealership, do you often provide meals and entertainment for employees or partnership representatives? Over the past few years there have been quite a few changes i ... Read more

Biden’s Proposed Tax Agenda: American Families Plan

Overcoming the financial difficulties created by the COVID-19 pandemic has been quite challenging for Chicago families and businesses. Although widespread vaccine distribution ... Read more

2021 Child Tax Credit Advance Q&A

The American Rescue Plan Act, which was passed in March 2021, temporarily expanded, and enhanced the Child Tax Credit. On July 15, 2021, certain taxpayers will begin receiving ... Read more

The Lingering Impact of COVID-19 on Valuations

The COVID-19 pandemic created several significant challenges for Chicago businesses. From shelter at home, forced business closures to modified operating hours and consumer co ... Read more

SECURE Act 2.0 – More Retirement Saving Opportunities Ahead

Expanding the retirement saving opportunities available to American workers has been a Congressional priority for several years. The Setting Every Community Up for Retirement ... Read more

Employee Tax Retention Credit (ERC) Updates

The American Rescue Plan Act (ARPA) provides significant relief for businesses through expanded funding, and the renewal of federal loan and tax incentive programs. While Chic ... Read more

DOL Issues Cybersecurity Guidance for Plan Fiduciaries

As the number of cybersecurity incidents continue to climb, it is important for businesses to maintain and improve cybersecurity processes and controls. Cybercriminals are con ... Read more

New Survey Shows Manufacturing Optimism on the Rise

A recently published report by the National Association of Manufacturers shows that optimism is on the rise amongst American manufacturing companies. This stands in sharp cont ... Read more