Employee vs. Independent Contractor What is the difference? Misclassifying an employee as an independent contractor can result in costly consequences that can be detrimental to
Recently, the federal government signed into law the $2 trillion CARES Act, which provides financial assistance to individuals, families, and businesses affected by the COVID-19
Keep money in your pocket during this crisis. Business owners should always be thinking of ways to reduce costs and manage cash flow, especially during
Effective January 1, 2020, the Illinois Wage Payment and Collection Act has been amended regarding employee tips/gratuities. The law states that gratuities are the property
How did 2019 shape up for you? Were you happy with your results? Did you hit your financial goals? If you want 2020 to be
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
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
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
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
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!
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
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
