Financial Resources & News
PPP Application Dates Announced
PPP Application Dates Announced The application window for Paycheck Protection Program (PPP) forgivable loans will open Friday for lenders with $1 billion or less in assets, the US Small Business Administration and Treasury announced. The opening, which will take...
New COVID-19 Relief Bill
[vc_row][vc_column][vc_column_text] New COVID-19 Relief Bill Last night, the U.S. Senate and House of Representatives overwhelmingly passed a $900 billion COVID-19 relief bill that provides more than $300 billion in aid for small businesses, $600 stimulus payments to...
Critical Tax Points – Part 2
[vc_row][vc_column][vc_column_text] Tax Relief Strategies: Uncover Tax Relief Opportunities These additional tax strategies extend beyond the typical income tax planning steps: Uncovering missed opportunities for savings: Look for items that have the potential to...
Critical Tax Planning Points for 2020 – Part 1
[vc_row][vc_column][vc_column_text] Tax Relief Strategies for 2020 The tax function plays a critical role in navigating recovery and positioning businesses to emerge from this crisis. An effective tax strategy can preserve liquidity, lower costs, and work in tandem...
Transition Planning – Option 2 Family Succession
Transition Planning – Option 2 Family Succession Owners need to understand that conducting a family succession requires a very different path than an owner who is looking to sell to an outside party. Most family successions involve some form of gifting in order to...
Transition Planning – Option 1 Selling Your Business
Transition Planning – Option 1 Selling Your Business When it comes to selling your business, there are more issues to address than most people think. Here are a few key items that impact an exit strategy: Understanding the value. Value is unique to each company,...
Supplies and Consumables Used in Manufacturing are Exempt from Illinois Sales and Use Tax Beginning July 1, 2019
Supplies and Consumables Used in Manufacturing are Exempt from Illinois Sales and Use Tax Beginning July 1, 2019 Recent tax legislation has expanded the manufacturing exemption to once again include production related tangible personal property. Illinois gives...
Be Aware of Electronic Fund Transfers
Fake Direct Deposit and Wire Transfers The IRS issued a fraud alert about a scam involving company expenses. An email requesting changes to payment instruction is sent from a company or name you will recognize. These changes often contain new bank account information...
Cash is King
Align Your Strategy Was Your Organization Successful This Past Year? The answer depends on how you define success. Publicly traded companies and nonprofits can answer it easily: higher equity value and achievement of their mission. Every owner of a private company...