Insights

The IRS updated its factsheet regarding the Child Tax Credit again on March 8, 2022. As part of the American ...

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 provides significant updated guidance for how non-public business entities account for operating and capital leases.

Earlier this year, Illinois enacted a pass-through entity tax (PTE) that allows S Corporation and partnerships to ...

Illinois Announces Individual Income Tax Filing Extension Gov. Pritzker announced that Illinois is extending the ...

IRS to Delay 2021 Income Tax Filing Deadline to May 17 Officials with the Internal Revenue Service and the ...

American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on ...

Unemployment Fraud Continues to Thrive The Illinois Department of Employment Security (IDES) has reportedly ...

Employee Retention Credits (ERC) Implemented as a refundable credit under the CARES Act, the employee retention ...

PPP Application Dates Announced The application window for Paycheck Protection Program (PPP) forgivable loans ...

[vc_row][vc_column][vc_column_text] New COVID-19 Relief Bill Last night, the U.S. Senate and House of ...