IRS Issues New Rates for 2022 There have been many cost of living rate changes by the IRS to account for inflation. The following are just a few (a more complete list to follow): For those using an automobile for business, charitable, medical or moving expenses this year, the IRS has issued the following new […]
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IRS Unveils New Online ID Verification Process to Help and Protect You The IRS recently launched an enhanced identity verification and sign-in process to better protect your personal information and reduce the risk of fraud. We’d like our clients to know that this new, mobile-friendly system allows you to access your current tax information. If […]
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 […]
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 […]
Dear Clients & Friends, Millions of parents received their second Child Tax Credit (CTC) checks on Friday, August 13. However, we understand that many are still waiting for their first and second payments or wonder if they should opt out of the credit altogether. We also understand the frustration from many of you who haven’t […]
In recognizing the immense efforts nonprofits and charitable organizations have on impacting their communities, we’d like to introduce the launch of the CJBS Community Pledge, our commitment to giving something back to the communities that sustain us. At CJBS, we are proud to serve our communities every day by providing the best possible service to our clients.