Is an IRA Rollover Right for You?

If you’re like many people, you may have an old 401k or other defined-benefit retirement plan sitting with a former employer and you may be wondering whether an IRA rollover is right for you. While you’re likely to get a lot of opinions about what to do, it’s not always as clear-cut as it seems.…Read more

Valuable Back-to-School Tax Tips

Parents must consider what types of expenses they will face when it comes time to send their kids back to school. Whether you have school-age children who require after school care, a high school student with extracurricular activities, or you are paying for a child’s college education, it can get very costly. Finding ways to save…Read more

10 Mistakes That Can Lead to Contractor Failure

Poor cost estimates, wasteful spending and working outside a defined area of expertise are all examples of tragic flaws that can lead to the failure of any business. However, they are particularly devastating to contractors – especially those who seem to be in a rush to grow too quickly by taking on any job regardless of…Read more

Open House and Ribbon Cutting!

We are pleased to announce that we have moved into our new building! To celebrate, we are hosting an open house on October 5th from 5-7 pm. You are invited to join us; drinks and appetizers will be served. Our new location is just two buildings down from our previous office, still in the McCarty…Read more

4 Ways to Reduce Tax Expense Through An Annual Giving Plan

Creating an annual giving plan will help you make the most of the available tax exemptions around gifts to family members or charity. Below you will find four ways to reduce your tax expense through building an annual giving plan. Leverage The Gift Tax Exclusion In 2016, you may individually give up to $14,000 to…Read more

Community Career Center

Celebrating 20 years, the Community Career Center, a non-profit in Naperville, has played a vital role in helping thousands of unemployed and under-employed job seekers by providing a supportive and professional setting where they can conduct an effective and successful job search. Fulfilling its mission to provide diverse resources to empower job seekers to achieve…Read more

Tax Refunds Involving EITC and ACTC to be delayed in 2017

If you plan to apply in the 2016 tax filing year for the Earned Income Tax Credit or the Additional Child Tax Credit, you need to be aware of the recent update the Internal Revenue Service has released. This change will be taking place at the beginning of the new year, January 1st, 2017, and…Read more

Five Tax Tips for Newlyweds

Once the honeymoon is over, the real day-to-day of marriage begins. It is more than co-habitation and a new name (although we will get to that, as well!); married couples receive a new set of rules by the IRS, whether they file jointly or not. As you likely already know from anecdotes from family and friends,…Read more

The Sharing Economy: How It Affects Your Taxes

A booming sharing economy allows people to earn money in their spare time, whether they’re driving for Uber, renting out part of their home on Airbnb or selling homemade goods on Etsy. With the extra income comes extra tax obligations that not everyone is aware of. So what does the IRS expect from you if you earn…Read more

We Have Moved Into Our New Building!

We are excited to announce that we have moved into our new building!  It was built and custom designed exclusively for Klein Hall CPAs and is just two buildings down from our previous office, still in the McCarty Center.  Our new address is 3957 75th Street, Aurora, IL 60504; 1/4 mile west of Route 59…Read more