Jun 30, 2015 | Federal Income Tax, S Corporations, Small Businesses
June 30, 2015 S Corp Tax Preparation Chicago Illinois is a substantial portion of the work that we handle at my practice in Chicago. As a small business accounting and taxation specialist, the tax savings that come with an S Status can be remarkable. But there...
May 26, 2015 | Federal Income Tax, IRS Audit
Can the IRS audit you two times in two years Chicago Illinois Certainly. There is no restriction in between years. If an IRS Audit has been finished and closed out on one year, they cannot audit the same year twice under the rules of double jeopardy. But they...
May 7, 2015 | small business accountant chicago
Updated July 2, 2015 In all of my initial conversations with new clients, I ask the following question. “What is the main job of an accountant?” As a Small Business Accountant Chicago Illinois, it’s important for me to gauge their...
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...