Jul 30, 2026 | Chicago CPA
The Chinese Language has hundreds of thousands of hieroglyphs, each having a unique meaning except one. It’s the hieroglyph for the concepts of crisis and opportunity. In the Eastern mindset, they’re the same. Each crisis is an opportunity, and every...
Jul 28, 2026 | Chicago CPA
pThe Supreme Court struck down a broad set of global levies back in February. The President replaced them with a new 10% global tariff using a different legal authority, but that levy was limited by law to 150 days That period ended Friday. On Thursday, the President...
Jul 28, 2026 | Chicago CPA
The IRS will abate Failure to Pay, Failure to File, and Failure to Deposit Penalties if a taxpayer meets the following criteria… 1 – You must have a clean compliance history. 2 – Your returns must have been filed timely with full payment of taxes for...
Jul 23, 2026 | Chicago CPA
The Illinois Department of Revenue (IDOR) is raising various sales tax rates. These changes took effect on July 1st or will begin on August 1st of 2026. Of course, they did this and didn’t tell anyone about it. I only discovered it after one of my jewelry store...
Jul 20, 2026 | Chicago CPA
By most key metrics, the U.S. labor market is in fine shape with the economy adding new jobs for the past four months. Overall, the picture is much improved from the end of last year with the unemployment rate decreasing to 4.2%. Yet nearly two million Americans have...
Jul 20, 2026 | Chicago CPA
The number of entrepreneurs between 55 and 64 years old who incorporated new businesses increased 22% over the past decade, compared with a 0.6% increase in total population. I’m also seeing a larger number of entrepreneurs who alter their businesses instead of...
