Decrease in Standard Mileage Rates
Whenever you drive for business, medical purposes, a charitable organization or move for work, you may be able to get a mileage deduction and save
January 13, 2020
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Effective January – Sexual Harassment Training Required In Illinois
Effective January 1, 2020 Sexual Harassment Training Required In Illinois Beginning in January, as one part of a new law called the Workplace Transparency Act, every employer
December 17, 2019
NEW Form W-4 – Employee’s Withholding Certificate
On December 5th, the Internal Revenue Service (IRS) released the 2020 Form W-4, Employee’s Withholding Certificate 2020 Form W-4. It features a new look and several
December 11, 2019
Denied Deductions for Inadequate Business Records
On October 10, 2019, the Tax Court decided a case against a business owner who lost business records during a fire. IRS denied deductions for
November 19, 2019
Illinois Minimum Wage to Increase January 1, 2020
Effective January 1, 2020 Illinois Minimum Wage to Increase Minimum wage workers in Illinois will be ringing in the new year with a $1-per-hour raise!
November 13, 2019
Thinking About Selling Your Business?
15 Helpful Steps for a Successful Sale Are you considering exiting your business or desire the flexibility to do so at any time? From the
November 4, 2019
U.S. Department of Labor Final Overtime Rule
Effective January 1, 2020, nearly 1.3 million American workers will be newly eligible for overtime pay. The U.S. Department of Labor enacted the final Overtime
October 25, 2019
Employer Tax Credit for Paid Family and Medical Leave
As a small business owner, there’s a lot to manage and frankly, it can be daunting. The Family and Medical Leave Act (FMLA) and all
October 15, 2019
Employee Meetings and Training: Paid or Unpaid?
Meetings and trainings are an essential part of employee growth and success. Meetings, programs, lectures, seminars, webinars, etc. can all help with an employee’s career
September 20, 2019
Illinois Secure Choice Savings Program
ILLINOIS BUSINESS OWNERS A retirement savings program is mandatory as of November 2019. You have options, and we can help. Please contact us today! Effective
August 23, 2019
Sales Tax Responsibilities Have Undergone a Seismic Shift Recently
Sales tax responsibilities have undergone a seismic shift recently due to the landmark court case known as the Wayfair case. This case could have far-reaching implications for
August 19, 2019
Health Savings Account Limits Are Increasing Next Year
The IRS recently announced an increase in health savings account (HSA) contribution limits for 2020. This means you’ll be able to set aside additional pre-tax
August 13, 2019
