Financial Resources & News
American Rescue Plan Act of 2021
American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains additional funding and expansion of tax credits to qualifying small businesses, assistance...
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...
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...
New Year. New Promotions.
Chicago, IL, January 19, 2021 Bronswick Benjamin is pleased to announce three promotions of our professionals. Dylan Creger will be promoted from Senior Accountant to Supervisor. Daniel Fredrickson and David Thompson will transition from their current roles as...
Setting Stretch Goals
Setting Stretch Goals Goal setting should be more of an exercise than it is. How did you set your goals? Did you pick a number and then do the math needed to get there? You need to set a numerical target, but goal setting should be a session that makes you think. It...
Building Value
Building Value Businesses exist to enable your family to live, but it is more than just money. They are a source of personal interest and financial stability for employees. The business provides needed services or products of value for your customers. Along the way,...
The Impact of Sales Acceptance Policies
The Impact of Sales Acceptance Policies Every dollar seems incredibly valuable to every business, but not every dollar has equal value. The easiest sale to make is one that typically fits into one of these three situations: This could be intentional by applying a...
Increasing Cash Flow
Increasing Cash Flow Cash flow is vital to any business. The primary reason any company has a loan or a line of credit is because they did not have the cash. Some capital to buy large equipment, a facility, etc. is needed rather than tying up working capital. The...
2019 Illinois Tax Amnesty Program
2019 Illinois Tax Amnesty Program For a limited time, the Illinois Department of Revenue is offering amnesty to taxpayers who have outstanding tax liabilities relating to tax periods ending after June 30, 2011 and before July 1, 2018. Penalties and interest will be...