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 filing and payment deadline will be pushed...

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...

PPP Application Dates Announced

[vc_row][vc_column][vc_column_text] 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...
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