Apr 27, 2026 | Chicago CPA
A bill proposal in the Illinois General Assembly could impose massive tax hikes on small businesses. One measure would punish 22,020 small businesses in Illinois with a huge increase in their marginal state income tax rate, creating a top tax rate of nearly 50.3% at...
Apr 22, 2026 | Chicago CPA
The Service released further guidance for taxpayers who may benefit from the “No Tax On Tips” provision in the One Big Beautiful Bill Act on the Friday before tax season ended. These changes may require amending millions of W-2’s and Income Tax...
Apr 21, 2026 | Chicago CPA
A recent study by David Maimon, head of fraud insights at the cybersecurity company SentiLink, found that cybercriminals are now using fake businesses to steal. They convert stolen identities into fraudulent businesses, allowing them to obtain Employer Identification...
Apr 20, 2026 | Chicago CPA
Now that this year’s Tax Day is behind us, here are a few of the most important planning strategies wealthy investors and upper income earners are considering for this year and beyond to reduce their taxes. Increase In Estate Tax Exemption Last year’s tax bill...
Apr 16, 2026 | Chicago CPA
As tax season ends, I thought I’d put some of the rhetoric we hear daily from the Far Left into perspective. The top 25% of all taxpayers pay 87.2% of all Federal Income Taxes. Take a moment to think about that. How is this fair in any way, shape, or form? A...
Apr 13, 2026 | Chicago CPA
According to a new analysis from real estate data firm ATTOM, the average homeowner paid $4,427 in property taxes last year, up 3.7% from 2024. By comparison, the Consumer Price Index rose only 2.7% last year. Homeowners in some states faced considerably larger...
