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Thursday, 27 July

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New Federal Tax News for July 19th

Tighe, Kress & Orr.

By: Tighe, Kress & Orr.

Posted July 19, 2017 / No comments

Pro hockey team’s away game team meals were a de minimis fringe. The U.S. Tax Court has held that the Boston Bruins hockey team’s provision of pregame meals to Bruins’ players and personnel at away city hotels qualifies as a de minimis fringe under the tax code, so the cost of such meals isn’t subject

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Illinois Budget Update – July 6th, 2017

Tighe, Kress & Orr.

By: Tighe, Kress & Orr.

Posted July 10, 2017 / No comments

On July 6, 2017, the Illinois General Assembly passed Public Act 100-0022, overriding the Governor’s veto. This bill is more commonly known as the Illinois Budget. In this Act, there are numerous tax changes that will affect all Illinois residents, many retroactive to July 1, 2017. If you are concerned about how these tax changes

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IRS warns of new impersonation scam

Tighe, Kress & Orr.

By: Tighe, Kress & Orr.

Posted June 27, 2017 / No comments

The IRS has issued a warning concerning a scam linked to the Electronic Federal Tax Payment System (EFTPS). The scam involves fraudsters calling potential victims and demanding an immediate payment through a prepaid debit card. The scammers impersonate IRS employees and tell the victims about certified letters that purportedly were mailed to the taxpayer but

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Federal Tax News Post for June 27th

Tighe, Kress & Orr.

By: Tighe, Kress & Orr.

Posted June 27, 2017 / No comments

Rentals not treated as passive investment income for S corporation purposes. In some cases, having too much passive income, which may include rent, can cause an S corp to lose its S status. But rents included in the definition of passive investment income for S corp purposes exclude those derived in the active trade or

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Timothy A. King, CPA, MAS Promoted to Principal

Anna Wollin

By: Anna Wollin

Posted June 21, 2017 / No comments

Tighe, Kress & Orr, P.C. Promotes Timothy A. King, CPA, MAS to Principal ELGIN, IL (Wednesday, June 21, 2017) – Tighe, Kress & Orr, P.C., a certified public accounting firm, is proud to announce the promotion of Timothy A. King from Senior Tax Manager to Principal within the firm. Tim helps manage the tax department

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New Offices Announcement

Anna Wollin

By: Anna Wollin

Posted August 5, 2016 / No comments

Tighe, Kress & Orr, P.C. Announces New Offices in St. Charles, Illinois and Chicago, Illinois ELGIN, IL (Wednesday, August 3, 2016) – Tighe, Kress & Orr, P.C., a full-service certified public accounting firm, is pleased to announce the opening of two new office locations. The new offices are located at 202 W. Main Street, 1st

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New Tax Manager Announcement

Anna Wollin

By: Anna Wollin

Posted July 26, 2016 / No comments

Tighe, Kress & Orr, P.C. Promotes Sandra L. Rice, CPA to Tax Manager ELGIN, IL (Tuesday, July 26, 2016) – Tighe, Kress & Orr, P.C. is proud to announce the promotion of Sandra L. Rice from Senior Accountant to Tax Manager within the firm. Sandy will assist with managing the tax department at Tighe, Kress

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New Principal Announcement

Anna Wollin

By: Anna Wollin

Posted August 6, 2015 / No comments

Tighe, Kress & Orr, P.C. Promotes Cynthia M. Hitzemann, CPA, CVA to Principal ELGIN, IL (Thursday, August 6, 2015) – Tighe, Kress & Orr, P.C., a certified public accounting firm, is proud to announce the promotion of Cynthia M. Hitzemann from Senior Manager to Principal within the firm. Cindy manages the audit and review department

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How to Choose the Right Auditing Firm for Your Organization

Cynthia Petschke

By: Cynthia Petschke

Posted February 1, 2015 / No comments

How to Choose the Right Auditing Firm for Your Organization Annual financial statement audits are required by the Illinois Attorney General every year for non-profit Organizations that receive over $300,000 in gross receipts per year. Additionally, most governmental entities are required to have an annual or tri-annual audit of their financial statements. Your Organization’s relationship

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NEW myRA

Brenda Reynolds

By: Brenda Reynolds

Posted January 27, 2015 / No comments

NEW myRA There are millions of workers in America who either don’t have access to an employer-sponsored retirement plan or lack options to save for retirement. In some cases, they don’t have enough money saved to meet a minimum for opening an investment account. The United States Treasury developed myRA to address some of these

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