On April 23–Outfox Hospitality, the owner of Foxtrot and Dom’s Kitchen & Market eateries and grocery stores with 35 locations in Chicago, Dallas, and Washington, D.C.–abruptly announced they would be closing their doors for good. Outfox has now filed for Chapter 7 bankruptcy. The move comes only five months after the two companies merged to […]
Accounting News
Dear Clients & Friends, As the April 15th deadline for individual tax returns rapidly approaches, it is important to have all of your documentation in order. If you haven’t sent us your documents yet, you will be put on an extension. Aside from personal tax returns, Trust and C-Corporation returns are also due to be […]
Dear Clients & Friends, The deadline to send us your individual tax-related documents is fast approaching. As a reminder, we require that individuals send us all their documents by March 18th to be able to timely file your tax return by the due date of April 15th. Otherwise, you are looking at filing for an […]
This past November, the Internal Revenue Service (IRS) released its tax inflation adjustments for the tax year 2024, which amends more than 60 tax provisions. These adjustments will affect taxes filed in 2025. According to CNBC, one of the most notable changes is that the income threshold within the tax brackets will be adjusted by […]
Dear Clients & Friends, This year’s tax season is underway, and we are busy working on your tax returns for 2023. To that end, we have some useful information to share in this month’s newsletter. Firstly, if you haven’t already, it’s time to organize and send us your tax documents. As a reminder, we require […]
Dear Clients & Friends, Happy 2024! The new year has begun, which means it’s time to start finalizing your 2023 taxes if you haven’t already. Individuals will start receiving tax documents like W2s & 1099s in the coming weeks. If you are a business owner, the most pressing issue is ensuring that you meet the […]