taxes

Firm News
CJBS
Tax season may be a stressful time for many business owners, and unfortunately, some try to take advantage of that. This is a peak time for financial scams. That’s why it’s so important to be vigilant and never respond to emails or click on links unless you are sure they are genuine.  Some scams will ask […]
March 3, 2021
2 MIN READ
Accounting
Bankruptcy
linkedin
Personal tax returns
CJBS
by Larry Goldsmith, JD, CPA, MAFF, and Julieann Chaet, CPA, MAFF I’ve always looked at accountants, CPAs or not, as instruments or tools to be used by the IRS or the banks, or buyers and sellers of businesses. What I mean by that is, accountants working in public accounting firms complete the tasks for the Internal […]
May 7, 2014
4 MIN READ
Accounting
Corporate income tax
linkedin
Personal tax returns
Tax legislation
CJBS
by Michael W. Blitstein, CPA  Legislation to extend the group of expiring provisions commonly known as “tax extenders” will not be considered by Congress in 2013.  House lawmakers will begin their winter district work period on December 13th, but tax extender legislation is not on the legislative floor schedule and no markup is planned in […]
December 11, 2013
1 MIN READ
Accounting
Corporate income tax
Economy
linkedin
Tax deductions
Tax legislation
tax credits
CJBS
by Michael W. Blitstein, CPA  To help move the Illinois economy to a sustainable recovery, the Small Business Jobs Creation Tax Credit has been extended by Governor Quinn and the General Assembly with some new components. Effective July 1, 2012, new, full-time jobs created beginning July 1, 2012 to June 30, 2016 will be eligible […]
July 18, 2012
2 MIN READ
Accounting
Business
Corporate income tax
IRS
linkedin
Personal tax returns
Self employment taxes
Blog
CJBS
by Michael W. Blitstein, CPA  The IRS announced enhancements to its “Fresh Start” initiative by providing higher dollar thresholds for using the streamlined application process for installment agreements and new penalty relief for qualified individuals affected by the economy in 2011. The IRS doubled the dollar threshold amount and increased the maximum term for streamlined […]
April 16, 2012
3 MIN READ