May 21, 2015 | Illinois Unemployment, Payroll Tax Problems
Updated July 1, 2015 Unemployment IDES Tax Audit Chicago Illinois is on the rise. So you just received a notice from the Illinois Department of Employment Security that you are going to be audited. What do you do now? Whenever you go into an audit, it is...
May 18, 2015 | Federal Income Tax, Federal Payroll Tax, General Accounting, Illinois Department of Revenue, Illinois Sales and Use Tax Audit, Illinois Unemployment, Non-Filers, Payroll Tax Problems
Small Business Accountant – What to do if you’ve been levied Chicago Illinois You own a small business and you’ve been levied. What do you do now? 1 – Check the amount for reasonableness I’m sure it is difficult to believe, but...
May 8, 2015 | Payroll Tax Problems
Updated July 2, 2015 Payroll Tax Problems Chicago Illinois are common. So let’s begin our discussion with a quiz question. If you are an entrepreneur and you write yourself a payroll check for $100, what do payroll taxes cost you? It’s all your...
May 5, 2015 | Federal Income Tax, Federal Payroll Tax, LLCs, LLPs, and Partnerships, Payroll Tax Problems, Tax Planning
Updated July 1, 2015 Many new clients will ask me the benefits between S Corp vs LLC. The primary issue in entity choice is a legal decision, which means that this is something that you should be talking to your attorney about. I cannot discuss any legal...
Apr 20, 2015 | Federal Income Tax, Federal Payroll Tax, LLCs, LLPs, and Partnerships, Payroll Tax Problems, Tax Planning
Preparation of an LLC or Limited Liability Company Tax Return generally comes in four different categories, those being… – Schedule C on Form 1040 – Schedule E on Form 1040 – Form 1065, U.S. Return of Partnership Income – Form...
Apr 15, 2015 | Federal Payroll Tax, Payroll Tax Problems
Updated on July 1, 2015 How to amend Form 941 Chicago Illinois is a common problem in our age of technology. Many business clients think that if they purchase general ledger software, they will be able to properly handle their payroll tax deposits and...
