Jun 3, 2015 | Federal Income Tax, IRS Audit, Payroll Tax Problems
June 3, 2015 Some of the most challenging issues we handle as small business accountants in Chicago are IRS Tax Problems. These issues come in many shapes and sizes, But primary among them are unpaid payroll and income tax problems. New clients coming into the...
Jun 2, 2015 | Federal Income Tax, Illinois Department of Revenue, IRS Audit, Record Keeping / Bookkeeping
How long should I keep my Tax Records Chicago Illinois? June 2, 2015 You should keep a copy of your Federal Income Tax Returns and the related documents supporting income and deductions for seven years. Under other circumstances, the period is unlimited. If you filed...
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 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 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...
