IRS Estimates the Tax Gap Totals Hundreds of $$BILLIONS
If you are a small business owner, and you have never experienced an IRS audit, consider yourself fortunate. Be aware though, the...
small business accounting (7)
Millions of Backlogged Tax Returns
If you are one of the many people wondering what happened to the refund you expected from your 2019 federal tax return, you are not...
REMINDER – Required IL Sexual Harassment Prevention Training
On July 1, 2020, Public Act 101-0221 amended the Illinois Human Rights Act (IHRA) requiring Illinois employers to...
Widespread Fraud Scheme Impacting All State Unemployment Programs
WARNING Unemployment fraud is impacting Pandemic Unemployment Assistance (PUA) programs across the nation. Claimant fraud can include...
Protect Yourself From Time Theft
30% of Employees Admit to This Crime No business owner wants to believe their employees are dishonest. Yet, thousands...
Avoid Payroll Violations
Did You Know? In the past five years, business owners paid more than $1.2 billion in back wages due to payroll...
Illinois Employers: A Must Read If You Hire Independent Contractors
Are you aware that your independent contractor can file for unemployment insurance benefits? You probably thought that only W-2...
Do I Have to Pay Back My Paycheck Protection Program (PPP) Loan?
Recently, the federal government signed into law the $2 trillion CARES Act, which provides financial assistance to individuals,...
Managing Cash Flow During Difficult Times
Business owners are continually challenged with reducing costs and managing cash flow, even more so during difficult times....
Illinois Employers – Don’t Take Your Employee’s Tips!
Effective January 1, 2020, the Illinois Wage Payment and Collection Act has been amended regarding employee tips/gratuities. The law...
Effective January – Sexual Harassment Training Required In Illinois
Effective January 1, 2020 Sexual Harassment Training Required In Illinois Beginning in January, as one part of a new law...
How the New Form W-4 Affects Employee Withholding and Your Payroll
On December 5th, the Internal Revenue Service (IRS) released the 2020 Form W-4, Employee’s Withholding Certificate 2020 Form W-4. It...