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Individuals With Unpaid Taxes Face Revocation or Denial of Passports

Planning a trip that requires a passport? Better make sure you’ve paid your federal income taxes. In January of 2016, you may not be able to obtain or renew your passport if you owe money to the IRS. This new development may prove especially difficult for individuals who need to travel frequently. With mandatory upgrades…Read more

The Importance of Employee Fraud Prevention

Whenever you have employees in charge of some aspect of your financial accounts, there is the potential for fraud. For example, people in the bookkeeping department can make payments to false recipients, such as a dummy corporation. People in the accounting department can create false expense reports or move money from one account to another…Read more

Video: Inside the Chamber with Tim Gavin

Tim discusses the growth Klein Hall CPAs is experiencing, including the construction of a new office, which will double the square footage for the Naperville firm.

Employee Fraud Prevention in Nonprofit Organizations

Employee fraud prevention is a delicate subject. Unfortunately, employee fraud in the nonprofit sector occurs more often than you think. Contrary to popular belief, fraud is typically not discovered by your CPA or an audit. Fraud is extremely difficult to detect and is usually discovered by accident or an employee tip. When discovered, the person…Read more

Top Ten Year-End Tax-Planning Tips Your Clients Shouldn’t Ignore

As we prepare to say goodbye to 2015, we should also be preparing for tax season. While some individuals don’t start to sweat the upcoming IRS deadline until mid-March, businesses and business owners need to get all their documentation and tax forms in line before they can sing Auld Lang Syne. Top 10 Year-End Tax-Planning…Read more

5 Myths about Social Security

For many Americans, the most confusing aspect of retirement planning is understanding their Social Security benefits. For many, this is a primary source of retirement funding, and yet, Social Security is still seemingly shrouded in mystery and ambiguity. If you are interested in exploring your benefits, here are five Social Security myths explained that will help…Read more

The Importance of the Number of Employees in Your Workplace

The number of employees in your workplace matters, and fifty seems to be the magic number on how it affects your business. Under the Affordable Care Act, if an employer has fifty or more full-time equivalent employees, an annual information return must be filed, reporting what health insurance was offered for that year, if any.…Read more

Customized Service Package Benefits Our Clients

Business owners should be free to focus on the needs of their customers and the quality of their products. Allow Klein Hall, a Naperville accounting agency, to show you how customized service packages benefit our clients. The benefit of working with us on a customized service package is best expressed by a single word: dedication.…Read more