Happily, most restaurants that were closed or takeout-only earlier in the pandemic are now offering dine-in service. That’s great news for our business clients, especially those in the restaurant industry, as well as eager diners. (We know we’re ready to enjoy eating out again!) According to revised IRS guidelines released April 8, business meals are […]
Dear Clients & Friends, The dust has finally settled on this year’s extended tax season, and as tax professionals, we continue to set our attention on helping you plan for the future. After what has been a challenging year for millions of Americans, the question remains as to what the government will do to help […]
As things slowly get back to normal in the wake of the pandemic, many of us are looking forward to getting back to our favorite restaurants. After a year of unprecedented economic hardship, the government is offering funding through the Restaurant Revitalization Fund (RRF) to help ensure restaurant doors remain open.
Spring is in the air, the days are getting longer, and more of us are getting vaccinated against Covid-19, so there’s plenty to be grateful for. There is good news on the tax front as well to help the economy recover from the pandemic.
The IRS and our home state of Illinois have announced postponing the deadline for all individual tax returns from April 15 to May 17 this year in realizing the hardship that many taxpayers are still experiencing as a result of the Covid-19 pandemic.
The President yesterday signed the American Rescue Plan Act into law, so the much anticipated $1.9 Trillion Covid-19 stimulus package is official.