Firm News
CJBS
Dear Clients & Friends,   QuickBooks is an invaluable accounting tool for small business owners, who can use the software for everything from securely paying bills and invoicing customers to processing payroll and even preparing financials.   However, the platform offers so many features that it can initially be tricky to set up, somewhat challenging to navigate, […]
September 28, 2021
3 MIN READ
Firm News
CJBS
Dear Clients & Friends,   The most widely discussed aspects under the American Families Plan (AFP) are the proposed tax increases, including those on long-term capital gains (LTCG) for high-income individuals. LTCG’s are the profits from the sale of any asset held over a year, such as stocks, land, a business, and cryptocurrency.   If passed, the proposal would raise marginal rates to 39.6 percent on adjusted gross […]
September 22, 2021
2 MIN READ
Firm News
CJBS
Dear Clients & Friends,   Important news for our Illinois business owners: Gov. J.B. Pritzker recently signed into law State Bill 2531, joining more than a dozen states with an effective workaround to the federal $10,000 state and local tax deduction (SALT) cap. The bill is intended to provide tax relief for small business owners, who are […]
September 9, 2021
2 MIN READ
Firm News
CJBS
Best wishes to Julian Levy, CPA, who recently retired from CJBS after serving as a principal. Six years ago, Julian merged his practice of over 40 years, Acciari, Levy & Rabyne, LLC, with our firm. He immediately bridged the connection between his longtime clients and CJBS with his friendly demeanor and extensive accounting knowledge. Throughout […]
September 1, 2021
1 MIN READ