The Illinois Fair Tax Amendment is on the Nov 3 Election docket for Illinois voters. The amendment targets family incomes over $250,000 with a new 7.9% tax rate (versus the current 4.95% rate). It also allows for separate city income taxes which...
More InfoWith the SBA allocating more funds to the Covid Paycheck Protection Program please give this further consideration if you have not signed up earlier. As discussed earlier, this loan requires that you apply though your business banker to capture...
More InfoWith President Trump signing of the Paycheck Protection Flexibility Act on Friday PPP loan borrowers now may use the money over a 24-week period, rather than the 8-week period set in the first legislation. And the PPP Loan borrowers business...
More InfoCan somebody enlighten me as to why inexplicably the Earned Income Credit program was not part of the Congressional Tax Bill? After all the EIC is largely the sole tax benefit program directed toward for the working poor. The working poor is...
More InfoMuch have been said as the to the added benefits offered by the Pass-through provisions under the recent Tax Cuts & Jobs Act of 2017. Very good stuff indeed for small businesses. However don not forget that included in these...
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