by Bronswick | Mar 16, 2022 | Blog, News
The IRS updated its factsheet regarding the Child Tax Credit again on March 8, 2022. As part of the American Rescue Plan Act, the Child Tax Credit (“CTC”) was expanded for the 2021 tax year by offering families advance monthly payments of $250 to $300 per child. Also,...
by Bronswick | Mar 1, 2022 | Blog, News
March 1, 2022 by Daniel K. Fredrickson, CPA In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, which created Accounting Standards Codification (ASC) Section 842, Leases (“ASC 842”). This new standard...
by Bronswick | 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 | 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 | 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 | 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...
