Unemployment Fraud Continues to Thrive

Unemployment Fraud Continues to Thrive The Illinois Department of Employment Security (IDES) has reportedly stopped around 1,000,000 fraudulent unemployment claims since March of 2020. That number continues to grow at an alarming pace. There are many consequences when a fraudulent unemployment claim is filed including: 1099-G forms sent to the victims of the fraud, creating…

Employee Retention Credits (ERC)

Employee Retention Credits (ERC) Implemented as a refundable credit under the CARES Act, the employee retention credit is extended through June 30, 2021. The following also applies for calendar quarters beginning after December 31, 2020: The credit rate is increased from 50 to 70 percent of qualified wages. The limit on per-employee creditable wages is…

New Year. New Promotions.

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PPP Application Dates Announced

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New COVID-19 Relief Bill

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Critical Tax Points – Part 2

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Unemployment Benefits Fraud

Unemployment Benefits Fraud Identity theft is an ongoing and increasing problem.  It seems that no matter how many steps we take to protect our identities, fraudsters can be one step ahead of us.  A new wrinkle is fraudulent unemployment benefit claims.  In this scenario, a fraudster will file a claim with the state unemployment office,…

Cybersecurity and You!

Cybersecurity and You! Cyber security is a quick way for your personal or business lives to be ruined in a very short time. People become targets of Cyber-attacks when they click on unknown links from unknown people or organizations with links and click on the link. The advent of malware and ransomware has allowed hackers…

IRS/Tax Scams

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