Jun 8, 2023 | Chicago CPA
Many of the small businesses we serve are having extreme difficulties in their borrowing needs. Banks, facing a bad economy, are doing what’s necessary to hold onto their cash. One of our clients had a line of credit that was set for renewal a couple of months...
Jun 7, 2023 | Chicago CPA
Interest only loans, with balloon payments that are due normally in five years, increased in popularity in recent years. These types of loans accounted for 81% of new commercial loan activity in 2021. This was up from 51% back in 2013. These loans became popular...
Jun 2, 2023 | Chicago CPA
James Avery, an attorney with a law practice specializing in personal injury, got into the sport of car racing back in 2008 when he purchased a thirty-year-old Ferrari. He then placed a sticker with the name and telephone number of his law practice on the car and...
May 31, 2023 | Chicago CPA
The proposed Debt Ceiling Deal to be voted on by Congress this afternoon includes a couple of substantial cuts to the IRS $80B funding increase pushed by the new administration last year which was to be funded over ten years. The funding increase for 2023 was ratified...
May 27, 2023 | Chicago CPA
The Federal Reserve’s favored measure of inflation rose .4% on a month over month basis in April. Economists had expected it to only go up .1%. Consumer Spending also increased as the personal consumption price index increased to 4.4% on a year over year basis,...
May 25, 2023 | Chicago CPA
Amber Hall of Colorado bought her first home earlier this year. A couple of weeks after moving in, one of her dogs alerted her to a snake near the home. She thought nothing of it, given the area. Later she discovered that her new home was filled with snakes. Many of...
