Chicago Accounting Articles

Illinois Transitions into Phase 3

Most of Illinois began a partial reopening strategy today. Chicago will not begin until next Wednesday, June 3rd. Exactly what those few extra days will accomplish is beyond imagination.   The highlights of Governor Pritzker’s Phase 3 Plan are as...

The Costs of Non-Compliance

$150B of The PPP Loan money is still available. I don’t know how many telephone calls and emails that I have received in the past couple of weeks for businesses that have been unable to get a PPP Forgivable Loan, but the number is significant.   The...

A Happy and Blessed Memorial Day to All

Being an American isn’t easy. We live in a country that has issues. Never before in the history of our great nation have we ever been so divided and split into separate camps. When I grew up in Andersonville, if I didn’t agree with you, you didn’t...

Federal Reserve creates new $600B Lending Program

The Federal Reserve has established a Main Street Lending Program to support small and medium sized businesses who have been adversely affected by the Covid-19 pandemic. The purpose of the program is to support and provide liquidity to businesses that are still in...

Democrats propose $3 Trillion Relief Package

This new bill provides the following   – $1 Trillion for State and Local Governments – A $200B Fund for Essential Worker Hazard Pay – $75B for more Covid-19 testing – Another round of direct payment to Americans of up to $6,000 – An...