Chicago Accounting Articles

More on the $2 Trillion Stimulus Act

As you may have heard, The $2 Trillion Stimulus Act was passed by Congress and signed into law by our President over the weekend.   Information about this unprecedented action by the Federal Government to keep our economy moving is still rather sketchy. It is an...

$2 Trillion Stimulus Bill Explained

Today, I offer you a message of hope.   Last night the Senate passed a $2 Trillion Stimulus Bill to kick-start our economy which has been so hard it by The Coronavirus Pandemic. The Bill now goes to The House of Representatives, which is expected to take up the...

Families First Coronavirus Response Act and More

I have some additional information for you today about   – The Families First Coronavirus Response Act – The expanded Family & Medical Leave Act – And information on a new loan program to be made available from The Small Business...

Filing For Unemployment Benefits

We have received several calls about filing for unemployment benefits.   This is a strange one because as an entrepreneur you are not supposed to file for these benefits against yourself. But they can’t deny you benefits either. Technically your business is...

IRS Phone Scams: Can You Tell What Is Real And What Is Fake?

If there is one time of year where the Accounting Solutions Ltd. office is bustling with activity, it’s tax season.  This annual commitment keeps our CPAs on their toes, and allows us to really flex our chops when it comes to sitting down and working hard. Tax codes...