Chicago Accounting Articles

House Ways And Means Committee Proposed Tax Changes

Earlier this week, the venerable House Ways and Means Committee published its proposed tax changes for the budget reconciliation bill. To say that the changes only increase taxes on the rich is frankly untrue. There are parts of the proposal that would affect us all....

Banks Become Wary of Borrowers With PPP Loans

Businesses that are planning on applying for additional financing should first apply for PPP Loan Forgiveness. Companies that have an outstanding PPP Loan obligation can potentially have difficulties with additional borrowing. I have a couple of clients that are...

1040 Extensions

The end is near, my Brothers and Sisters. The official end to this tax season is one week away on May 17th, 2021. My regular clients have all been extended. We will forward a copy of the extension to you. Nothing needs to be done on your end. They have already been...

Choosing the Best Entity for Your Business

One of the biggest advantages to working at Accounting Solutions Ltd. is that we get to help out small businesses and small business owners. From the moment that they choose to open their enterprise, to the day that they retire, we are always ready to provide our...