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CJBS

Tax Filing Deadline Extended – April 15th is now July 15th

Dear Clients and Friends, The Treasury Department and Internal Revenue Service announced that the 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations. Taxpayers do […]
March 24, 2020
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CJBS

Illinois Businesses Get Sales Tax Payment Reprieve

As part of a series of new measures to relieve pressure on small businesses, the State of Illinois announced that it is allowing the deferral of sales tax payments by waiving all penalties and interest for two months. The provision is expected to benefit 24,000 small and medium sized bars and restaurants, accounting for nearly […]
March 20, 2020
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Share Safe Utilization

As we continue to monitor and adjust to developments related to the Coronavirus pandemic, the environment has proven our technology investment in recent years is paying dividends. In that we are unable to currently meet with you personally, we can utilize technology to help us all get through this together.
March 20, 2020
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IRS Extends 2019 Payment Due Date

Yesterday IRS and the Department of Treasury announced that taxpayers will be allowed to defer payments related to 2019 tax returns until July 15th, thereby providing 90 extra days to pay additional tax. The amount of tax that can be deferred is capped at $1 million for individuals and $10 million for corporations.  The payment extension […]
March 18, 2020
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CJBS

Local Accounting Firm Announces New Promotion

CJBS, LLC is pleased to announce the promotion of Ryan Guedel, CPA as a Member of the Firm effective January 1, 2020. A graduate of North Central College, Ryan holds both a bachelor’s and a master’s degree. He is affiliated with the American Institute of Certified Public Accountants (AICPA), the Illinois CPA Society (ICPAS) and […]
February 26, 2020
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CJBS

The SECURE Act and How It Could Affect Your Retirement

As part of a larger government spending package, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was recently signed into law.  The Act includes many provisions and reforms aimed at making saving for retirement easier and more accessible. The Secure Act changes several provisions related to tax-advantaged retirement accounts.  Most provisions in […]
January 17, 2020
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