Is Applying For a Tax Extension the Good, the Bad or the Ugly?

Applying for a tax extension may have nothing to do with Clint Eastwood, or an old western movie, but a clear understanding of what an extension does and doesn’t do, can help you avoid being charged interest (the bad) and penalties (the ugly). The easiest and best way to make this decision is to talk…Read more

What a Naperville Accounting Firm Can Do for You

Let’s face it: managing finances is often harder than it sounds. From balancing your checkbook and keeping an eye on your personal investments to ensuring your business is achieving profitability, organizing and monitoring financial data can take plenty of time and money to get just right. If you don’t have the time, energy, or experience to properly track…Read more

Four Fraud Prevention Measures to Safeguard Your Bank

Whether you know it or not, banks are a huge target for cyber crime, leaving operations across the country open to criminal endeavors of all shapes and sizes. As such, fraud protection is now a key part of ensuring ongoing operations. These tips can help you safeguard your bank, keeping your customers protected today, tomorrow,…Read more

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