Aug 5, 2020 | Chicago CPA
While Congress and The White House continue negotiations on the newest stimulus bill, the SBA issued a new ten page document further clarifying the rules on forgiveness. We are still waiting to see whether or not all of the loans under $150,000 are going to be...
Jul 31, 2020 | Chicago CPA
Hold on to your hats Ladies. This is a news flash that no one is talking about. I was doing some research for a client, and I found an obscure article in a CPA Journal that no one reads talking about how they had reopened the EIDL to most businesses. I said to myself...
Jul 27, 2020 | Chicago CPA
As our elected officials hammer out The CARES Act II Package in Washington, I thought that I would spend some time talking about the lasting effects of this sweeping problem. A couple of days ago I had a chance to spend some time with a few of my long time...
Jul 24, 2020 | Chicago CPA
In a speech delivered on the Senate Floor, Majority Leader McConnell confirmed some of the details in the next stimulus package. In what many are referring to as CARES ACT II, the Majority Leader confirmed the following… – Another round of stimulus...
Jul 22, 2020 | Chicago CPA
Negotiations over the past couple of days have revealed stark divisions on how to lead our nation forward through this pandemic. This is an obviously emotional issue for all sides, with no one really having a clear idea on what to do next. They are so divided...
Jul 20, 2020 | Chicago CPA
Congress returned to Washington today to take up plans on a new stimulus bill. Lawmakers on either side of the aisle agree that something needs to be done to stem the effects of the C-19 Pandemic. Many of the benefits from the first three bills are ending as a matter...
Jul 17, 2020 | Chicago CPA
As Congress and The White House mull over their newest aid package to the C-19 Crisis, I thought that it would be important to put some of this craziness into perspective. One of the nicer things about the end of tax season, other than the fact that it is over...
Jul 16, 2020 | Chicago CPA
We’ve had several LLC’s come into our firm in the past couple of months with exactly the same problem. I thought that I would spend some time talking about basic tax saving strategies for the LLC Entity. I’m just seeing way too many people paying way...
Jul 13, 2020 | Chicago CPA
This Wednesday July 15th, 2020, marks the official end of tax season. I thought that this one would never end. We are getting a lot of questions in reference to the deadline, so please allow me to answer a few of them. If you were one of my regular clients back...
Jul 11, 2020 | Uncategorized
One of the biggest advantages to working at Accounting Solutions Ltd. is that we get to help out small businesses and small business owners. From the moment that they choose to open their enterprise, to the day that they retire, we are always ready to provide our...
