May 28, 2026 | Chicago CPA
The Land of Coconuts and Outrigger Canoes recently raised its top marginal income tax rate from 11% to 13%. This is a new tax bracket for single filers earning more than $500,000 annually. Local lawmakers are calling it a “Millionaire’s Tax,” even though they’re...
May 28, 2026 | Chicago CPA
Older forms of AI like machine learning have been used by tax departments for decades. Often called Automated Decision Systems, these systems are used by tax administrators to evaluate returns and identify red flags. The machine learning model is trained to look for...
May 22, 2026 | Chicago CPA
Back in 1982, I was an actively precocious sophomore at the Latin School of Chicago. Latin has something called Project Week, where students take a week out of the busy school year, go off campus, and spend time doing something completely different hopefully learning...
May 21, 2026 | Chicago accounting firm, Uncategorized
Empty Chicago Office Buildings are selling at unheard-of prices. The Wall Street Journal is reporting that nationwide, just a few of the sales include… 1 – In Chicago, real-estate developer Marc Calabria bought a 485,000-square-foot office building for $4...
May 21, 2026 | Chicago CPA
The US Census Bureau releases total state and local tax collections figures, as well as tax collections broken down by tax type. In addition to individual and corporate income taxes, state and local governments collect sales, property, excise, and other taxes. The...
