Avoid Penalties – Ensure Accuracy of Wage Reporting
The Social Security Administration has started mailing informational notifications to employers that submitted W-2s for 2017 that contained...
small business accounting (9)
IL & WI Will Require Sales Tax Collection by Internet Sellers
Illinois and Wisconsin, along with 28 other states are acting to pass laws or regulations to require sales tax collection by remote sellers now or in...
Child Sales Tax Rebate
The Wisconsin Department of Revenue is offering a $100 (per child) sales tax rebate for dependent children. Sound fiscal management and a strong...
IRS Warns on ‘Dirty Dozen’ Tax Scams
With just over two weeks away until Tax Day, the Internal Revenue Service (IRS) is encouraging taxpayers to remain vigilant about the aggressive and...
Meals and Entertainment Changes Under Tax Reform
The Tax Cuts and Job Act (TCJA) enacted extensive changes to the deductibility of meals and entertainment expenses for companies. If you are in...
A Healthy Start to the New Year!
Happy New Year! All of the guests have returned home, the holiday decorations are taken down and packed away, the hustle and bustle of the holiday...
Using a Vehicle for Business: Q&A
Next to your home, your car is probably the most expensive investment you make. The costs of paying for and maintaining it can be considerable. Can...
5 IRS Audit Red Flags
As tax season approaches, many questions might race through your mind: Have I reported all my income? Are my deductions legitimate? Do I have the...
What is a Tax Return Extension?
For most American taxpayers, April 15 is Tax Day—the due date for filing an individual tax return. However, over 10 million taxpayers choose to file...
Five Simple Tips to Lower Your Tax Bill
Soon you will have filed or extended your 2015 tax return. Now it’s time to plan for next tax season. Here are five simple tax planning tips for 2016.
Do You Owe Taxes to the IRS?
If you owe taxes to the IRS, your payment must be received by the due date, even if you apply for more time to file. Failure to pay on-time will...
Where’s My Illinois Tax Refund?
We get this question all tax season long. Where is my Illinois tax refund? Although Illinois isn’t promising to pay any faster, they are now offering...