by Bronswick Benjamin | Dec 8, 2021 | Blog, News
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,...
by Bronswick Benjamin | Mar 25, 2021 | Blog, Webinars
Download PDF Presentation 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...
by Bronswick Benjamin | Mar 19, 2021 | Blog, News
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)...
by Bronswick Benjamin | Mar 18, 2021 | Blog, News
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 filing and payment deadline will be pushed...
by Bronswick Benjamin | Mar 12, 2021 | Blog, News
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...
by Bronswick Benjamin | Feb 16, 2021 | Blog, News
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...
