Who Qualifies for This $415B Tax Deduction?

The passage of 2017’s late December tax reform was swift and aggressive, prompting rapid change that left many corporate tax teams scrambling to keep up. The new tax plan came with an overhaul of many standards affecting business, and offered up the allure of some hefty deductions and tax breaks – a seemingly good thing, Read More ››

Taxes for the Self-Employed and Sole Proprietors

Starting a business is a major accomplishment, especially for new entrepreneurs. However, logistically, the reality can be more challenging than it initially seems. From the funding needed to open your doors to driving adequate revenue to keep your lights on, a lot more goes into self-employment than a great idea. For many small business owners, Read More ››

Tax Reform Changes Affecting Contractors

As a contractor, you are likely to see a number of changes to your tax bill because of the most recent reform. Some of the most notable changes include: A new pass-through deduction If you operate as a pass-through entity, the new tax reform will allow you to deduct up to 20 percent of your Read More ››

The Section 179D Policy Has Been Extended

Energy efficiency is a priority for both individuals and companies, in countless industries. However, for some, energy efficiency means more—especially when it comes to saving big on taxes. For developers, the passage of these kinds of tax credits can mean huge savings, including the benefits available under 179D. With energy efficient policies recently addressed in Congress, Read More ››

Naperville Education Foundation

About the Organization The Naperville Education Foundation (NEF) makes a profound difference in the lives of students through funding programs that fall outside of District 203’s tax-supported budget. NEF encourages creativity, innovation and excellence in our students by helping to ensure that every student in the district can take advantage of educational opportunities. Mission and Read More ››

Klein Hall Event: February Tax Seminar

What You Need to Know About the Latest Tax Law Changes Join us at Klein Hall CPA’s for an event on February 20th at 6:00 p.m. to discuss the recent tax changes. Learn more about the event through our official Tax Law Seminar Flyer. You can RSVP by calling 630.898.5578

What Sales Tax Means for Your Ecommerce Business

Every company in the U.S. needs to worry about taxes at one point or another, whether that time comes throughout the year as you calculate withholdings for your employees or when your business return comes due. However, as an ecommerce company, there may be a few more details you should know about to make it Read More ››

Choosing a CPA Tax Accountant

Whether you love it or hate it, taxes are an unavoidable part of life. From federal filings to state and local taxes, there’s plenty to know about corporate and individual tax obligations, posing a big hurdle for families and entrepreneurs alike. Instead of spending weeks on end dutifully filling out forms, the right CPA tax accountant can Read More ››

It’s Time to Compute the Tax Rate of Your Fringe Benefits

While many employees can view their fringe benefits (like health insurance, 401(k) matches, and moving allowances) as “free money,” employers who must pay taxes on many of these benefits know they are anything but. With 2018 rapidly approaching and the future of corporate tax rates still very much up in the air, there’s never been Read More ››

Klein Hall Event: Tax Laws Seminar

Our accounting firm is holding an event on Tuesday, January 30th at 6:00 p.m. to discuss recent tax law changes and how it may affect you and your business. View more event details and how to RSVP here. Cocktails and appetizers will be provided during the event, and there will be an open Q&A forum.