Nearly two years into the Covid-19 pandemic, working from home has become the new “normal” for many people, and it has largely been a boon for employers and employees alike. We understand the challenges of remote working and how that can create complications when filing your taxes, particularly for long-distance telecommuters who work in one […]
Accounting Services
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, If you’re a small business owner, we understand that you have many demands on your time and resources now more than ever. As we help you plan ahead for 2022 and beyond, we want to make you aware of significant changes to the required Illinois Secure Choice Retirement Savings Program (Secure Choice), a state-administered retirement savings plan. What Is Secure Choice? First rolled out […]
Whether you filed your taxes by the extended October 15 deadline or earlier, your 2020 refund could take much longer to process this year. We understand that several of our clients are still waiting for their checks and want to provide some perspective— and answers. So, what’s behind the historic delays? In short: COVID-19. The […]
2021 Tax Deadline Just Around the Corner – Are You Ready? Recently, the US Post Office shared that they expect mail delivery to slow down starting this month. How will this affect you and what do we recommend to ensure we can best help you meet your deadline? Be proactive. The sooner you send in your taxpayer information, the […]
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 […]