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
Category: Tax
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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
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
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
Do You Have More Credit Card Debt than Emergency Savings?
Putting away money for a rainy day and spending within your means makes great sense. Any financial planner, child of the Great Depression, your parents
June 14, 2019
IL & WI Will Require Sales Tax Collection by Internet Sellers
Illinois and Wisconsin, along with 28 other states are acting to pass laws or regulations to require sales tax collection by remote sellers now or
September 14, 2018
Wisconsin Sales Tax Holiday – August 1-5, 2018
WHAT IS A SALES TAX HOLIDAY? A sales tax holiday is a temporary exemption period where sales of certain items are exempt from Wisconsin sales
July 17, 2018
Child Sales Tax Rebate
The Wisconsin Department of Revenue is offering a $100 (per child) sales tax rebate for dependent children. Sound fiscal management and a strong economy have
May 16, 2018
IRS Warns on ‘Dirty Dozen’ Tax Scams
With just over two weeks away until Tax Day, the Internal Revenue Service (IRS) is encouraging taxpayers to remain vigilant about the aggressive and evolving
March 29, 2018
IRS Launches New W-4 & Withholding Calculator
By now employers should be using the updated income-tax withholding tables for 2018 which reflects changes made by the tax reform legislation. The marital status
March 5, 2018
