We want to ensure your business remains compliant with Federal regulations. All businesses are required to file the Beneficial Ownership Information (BOI) by December 31, 2024. BOI reporting involves providing detailed information about the individuals who own or control your company to enhance transparency and prevent illicit activities. For businesses formed before January 1, 2024, […]
Small Business Advisory
With events related to climate change continuing to be a major focus of the news cycle, many business owners are looking for ways to lessen their companies’ environmental impact. One move you may want to consider, quite literally, is relocating to a commercial property with a “green lease.” What is a green lease? Green leases […]
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims. The IRS cites that the reason for the move is to protect the honest small business owners being scammed by unscrupulous […]
Dear Clients & Friends, Rising inflation is a burden on us all, but the good news is that the state of Illinois is helping ease the burden by suspending the 1 percent sales and use tax imposed on groceries for one year, as of July 1, 2022, and instituting a ten-day sales tax holiday in […]
Smart business leaders, especially in manufacturing and distribution, are increasingly focused on supply chain strategy and optimization to better navigate today’s volatile climate. The Covid-19 pandemic was devastating for many businesses. Due to “stay-at-home” requirements, many businesses were hit by dramatically reduced profits, while others had to close altogether. Additionally, the pandemic exposed underlying vulnerabilities […]
Dear Clients & Friends, QuickBooks is an invaluable accounting tool for small business owners, who can use the software for everything from securely paying bills and invoicing customers to processing payroll and even preparing financials. However, the platform offers so many features that it can initially be tricky to set up, somewhat challenging to navigate, […]