Chicago Accounting Articles

Year End Tax Planning Basics

This can be a difficult subject, depending on your needs. I’ve had conversations with most of you doing your year end tax planning, but would still like to go through some of the basics. One of the most fundamental jobs of any accountant is to help a client...

The Meaning of Christmas in Difficult Times

No matter what your individual religious beliefs happen to be, it’s difficult to not respect the accomplishments of Jesus Christ. The prophets foretold of his coming, saying he would be the Messiah to lead his people out of captivity. They were expecting a...

2nd Round of PPP and EIDL Loans Seem Imminent

A new Stimulus Package seems like it will be passed and signed into law. None of this has actually happened yet, but Congress all of a sudden seems in a hurry to get it done so that they can go home for the Christmas break. The proposed legislation includes the...

Government Shutdown Looms

The Federal government will shutdown at midnight tomorrow night without another spending measure. Leaders on Capitol Hill have been trying for weeks to get the existing $1.4T spending measure passed which would keep the Government in business until next September....