Accounting for Your Company’s Next Owner

If you are the owner of a small to medium-sized business and you did not go to work today, would your business start to fall apart? If the answer is yes, you have the most common problem that comes up when selling a business. It is too heavily dependent on the activities of the business Read More ››

The Importance of Cash Flow for Contractors

In all industries, cash flow is important. Without a regular influx of cash, it can be hard to take care of essential parts of your operations, like paying employees, fulfilling purchase orders, paying subcontractors, and managing payables and receivables. Cash can be a sticking point for many, and can create big debt issues that can be Read More ››

Medical Offices Qualify for Tax Incentives

There are excellent tax incentives for healthcare facilities, which come from taking advantage of accelerated depreciation for certain categories of assets. Under IRS rules, assets are segregated by classes and the depreciation calculation is made, based on the useful life of the asset class. The different classes of assets have a depreciation period that ranges Read More ››

Serenity House

For over 30 years, Serenity House Counseling has successfully expanded substance abuse services throughout the Chicagoland area to meet the ever-increasing demand for treatment.  Serenity House has grown from a four-bed cottage in 1985 to our current capacity of 107 beds in our men and women’s residential programs, and over 250 individuals in our outpatient programs. Read More ››

Why Recordkeeping Matters for Your Small Business

The first days for a small business can be exhilarating, especially for new entrepreneurs. However, in the midst of your startup celebrations, it’s important to stay focused on what matters most: setting the foundation for overall success. For virtually all companies, that means a comprehensive approach to recordkeeping. Even the best ideas in the world Read More ››

What Will Rising Interest Rates Mean For Homeownership?

If you’ve taken advantage of the recent historically low interest rates with an adjustable-rate mortgage (ARM) or home equity line of credit (HELOC), you may be concerned about reports that the Fed plans to raise interest rates as soon as mid-March. On the other end of the spectrum, retirees and others who are conservatively invested in Read More ››

The Ins and Outs of Student Loans

As the price of a college education continues to rise, so does the financial burden placed upon students and parents. In 2017, the average cost of a college degree is $28,000 a year for public schools and $59,000 for private—a hefty sum few families can pay out of pocket with ease. As such, it is Read More ››

How Can Nonprofits Avoid High Employee Turnover?

If your nonprofit is like many others, your staff size has increased over the last few years – in fact, more than half of all nonprofits throughout the U.S. added to their staff between 2014 and 2015. However, more staff can sometimes mean more turnover, and burnout rates in the public service sector remain higher than Read More ››

Project Help

Project HELP is a Child Abuse Prevention Program that has been in existence since 1992 and is accredited by the National Exchange Club. As a mission-driven organization, the Board of Directors and staff are committed to enhancing the lives of children and families.  Guided by the Strengthening Families Framework and the National Exchange Club’s Parent Read More ››

Solving the Mystery of a Missing W-2

For the average American, April showers bring both May flowers and lots of time spent trying to navigate tax returns. What if you’re still missing a W-2 from your employer? Despite the January 31st deadline imposed by the Internal Revenue Service, some employers aren’t so reliable when it comes to sending out W-2s on time. This Read More ››