Financial Resources & News
NEW Illinois PTE Tax Election
Earlier this year, Illinois enacted a pass-through entity tax (PTE) that allows S Corporation and partnerships to elect to be taxed at entity level for income tax that otherwise would have been payable and deductible by its partners / shareholders. With this election,...
Optimizing multiple incentives and financing strategies for growth: PPP, the Employee Retention Credit & the SBA
Optimizing multiple incentives and financing strategies for growth: PPP, the Employee Retention Credit & the SBA Standing still is not an option in a dynamic and changing economy. Join us for an interactive session that will help maximize Covid-19 tax relief and...
Illinois Announces Individual Income Tax Filing Extension
Illinois Announces Individual Income Tax Filing Extension Gov. Pritzker announced that Illinois is extending the 2020 individual income tax filing and payment deadline from April 15 to May 17 to match the new federal due date. The Illinois Department of Revenue (IDOR)...
Tax Day for Individuals Extended to May 17
IRS to Delay 2021 Income Tax Filing Deadline to May 17 Officials with the Internal Revenue Service and the U.S. Department of the Treasury have told several media outlets and Congressional committees that the 2021 income tax...
Staying Focused
Staying Focused Where do you begin with this article? That’s a bit of an ironic statement since the topic is staying focused, but the reality is it is hard to stay focused. There are major demands on your time. Customers and employees have needs. Management has...
Value Triggers
Value Triggers What is a value trigger? These are the items in the business that contribute the most to the company’s success. These triggers may not be obvious items. As an example, an obvious item of value is revenue. Revenue shortages create difficulties so one...
2020 Planning
2020 Planning This article is not about 20/20 vision. The focus is on the year 2020 and how to take a few steps to refine your business life. Most owners want more out of their business, and that “more” is not always money. Some want more time to enjoy their life,...
How Does Your Accounting Impact Your Profits?
How Does Your Accounting Impact Your Profits? Accounting is one of those items in a business that just seem to chug along. Think about your meetings. Most revolve around ways to refine processes, increase profits, add more revenue, labor costs, etc. The items that...
KPIs and Why Do They Matter
KPIs and Why Do They Matter Key Performance Indicators (KPIs) are critical to monitor your progress. Typically, these are simple to set up to monitor. If they are not easy to set-up that is a sign your accounting software may need to be updated or more likely that you...