Chicago Accounting Articles

$10K Grow Grants Available In Cook County

The Source Grow Grant Program will offer $71M in grants to small businesses in Cook County. Applications for the program will open on October 3rd. These grants will be paired with one-on-one advisory and consulting services from over 40 organizations. Money for the...

City Unveils Plan To Revive LaSalle Street Corridor

Mayor Lightfoot unveiled a plan on Monday to revitalize the LaSalle Street corridor between Washington and the Board of Trade building in downtown Chicago. Her plan envisions 1,000 new apartments with 30% set aside for affordable housing. The area has been hit hard in...

Worker Productivity Takes Major Drop In 2022

The productivity of workers in the US dropped 7% in the first quarter of this year which is the largest drop measured in the last 74 years. This metric is the underlying force creating profits in companies and wage increases for workers in our country. Worker...

Improperly Forgiven PPP Loans Are Now Taxable

The Internal Revenue Service (IRS) is beginning to clamp down on improperly forgiven PPP Loans. In a memorandum from its Office of Chief Counsel, the improperly forgiven portion of any PPP Loan is now subject to income tax. The IRS is saying that taxpayers having...