Mar 20, 2023 | Chicago CPA
The recent collapses of Silicon Valley Bank (SVB) and Signature Bank have sent shockwaves through the investment markets. SVB’s collapse was the second largest in history given that the bank had $175B in deposits and $209B in assets. Many think that larger...
Mar 17, 2023 | Chicago CPA
Research and Development (R&D) expenses underwent a radical change at the beginning of 2022. The Tax Cuts and Jobs Act of 2017 mandated that these expenses could no longer be expensed inside a given tax year. Now they must be amortized over 60 months or five...
Mar 15, 2023 | Chicago CPA
Delaware may be the second-smallest state in the union, but it has long been a strong choice for incorporations. We get a lot of questions in reference to this. Although we aren’t attorneys, and cannot provide legal advice, here are a couple of issues to...
Mar 13, 2023 | Chicago CPA
The Treasury Department detailed the Biden Administration’s new tax provisions in a budget proposal Greenbook yesterday. The changes include tax increases on wealthy taxpayers and middle income corporations, as well as more handouts to the poor. The major...
Mar 13, 2023 | Chicago CPA
The newest trend in the rental markets show higher income earners putting off home ownership until housing prices and interest rates come back to earth. In 2021, 44M Americans were renters with a median family income of $71K. The number of households earning more than...
