LanguageEnglish
+

Sunday, 22 September

Search Engine

Keep your head in the game to attract IT talent

Robert Tighe

Posted By: Robert Tighe

Posted September 21, 2019 / No comments

There’s little doubt that nearly every type of employer will continue to rely on technology to beat — or even just keep up with — their competition. This means not only acquiring the right hardware and software, but also hiring and retaining the brightest IT people. Indeed, organizations that fall behind in tomorrow’s marketplace may

Read More

Management letters: Have you implemented any changes?

Stephen Leazzo

Posted By: Stephen Leazzo

Posted September 20, 2019 / No comments

Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free advice from financial pros who’ve seen hundreds of businesses at their best (and worst) and who know which strategies work (and which don’t). If you haven’t already implemented changes based on last year’s management letter,

Read More

The Crummey trust: Still relevant after all these years

Timothy King

Posted By: Timothy King

Posted September 20, 2019 / No comments

Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax exclusion. Today, the exclusion allows you to give up to $15,000 per year ($30,000 for married couples) to any number of recipients. Now that the gift and estate tax exemption has reached an inflation-adjusted $11.4

Read More

Uncle Sam may provide relief from college costs on your tax return

Cynthia Petschke

Posted By: Cynthia Petschke

Posted September 17, 2019 / No comments

We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at public four-year universities — and $35,830 for students at private not-for-profit four-year institutions. These amounts don’t include room and board, books, supplies, transportation

Read More

Control how your charitable gifts are used by adding restrictions

Robert Tighe

Posted By: Robert Tighe

Posted September 14, 2019 / No comments

If philanthropy is an important part of your estate planning legacy, consider taking steps to ensure that your donations are used to fulfill your intended charitable purposes. Outright gifts can be risky, especially large donations that will benefit a charity over a long period of time. Even if a charity is financially sound when you

Read More

When it comes to asset protection, a hybrid DAPT offers the best of both worlds

Keith Orr

Posted By: Keith Orr

Posted September 12, 2019 / No comments

A primary estate planning goal for most people is to hold on to as much of their wealth as possible to pass on to their children and other loved ones. To achieve this, you must limit estate tax liability and protect assets from creditors’ claims and lawsuits. The Tax Cuts and Jobs Act reduces or

Read More

Auditing grant compliance

Stephen Leazzo

Posted By: Stephen Leazzo

Posted September 12, 2019 / No comments

Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here’s what grant recipients should know to help facilitate matters and ensure compliance at all levels. Federal compliance Federal awards require compliance with the Uniform Administrative Requirements, Cost Principles, and Audit

Read More

2019 Q4 tax calendar: Key deadlines for businesses and other employers

Timothy King

Posted By: Timothy King

Posted September 11, 2019 / No comments

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. October

Read More

Getting a divorce? There are tax issues you need to understand

Cynthia Petschke

Posted By: Cynthia Petschke

Posted September 11, 2019 / No comments

In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. Here are four issues to understand if you are in the process of getting a divorce. Alimony or support payments. For

Read More

Illinois Tax Updates

Keith Orr

Posted By: Keith Orr

Posted September 5, 2019 / No comments

The Illinois Dept. of Revenue (IDOR) has issued a compliance alert regarding procedures for reporting the selling price of transaction returns for leases. The alert provides guidance so that dealers are informed on what charges should be included when an alternate selling price is used on Form ST-556-LSE. The IDOR is aware that taxpayers are

Read More