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New Illinois PTE Tax Offers SALT Cap Relief: What Business Owners Need to Know

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 […]
September 9, 2021
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Matthew Bergman, CPA

Navigating Cannabis Tax Law: Minimizing Risk & Maximizing Deductions

Legal marijuana has gone mainstream, and the cannabis industry is experiencing a boom that shows no signs of slowing down anytime soon. In 2020, global cannabis sales reached $19.7 billion. In the U.S. alone, sales hit a record $17.5 billion last year, according to cannabis market research leader BDSA.   Despite those huge numbers — and the […]
July 29, 2021
3 MIN READ
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CJBS

Business Meals Are Now 100% Deductible!

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 […]
June 16, 2021
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