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.

Should I Be Adjusting Tax Withholding?

If you’re like most Americans, the time to worry about taxes probably rolls around in March or April, when the dreaded Form 1040 due date draws near. For the better part of the year, you likely spend little time worrying about the logistics of how and when you’ll be filing. However, this could be a…Read more

Illinois Passes Legislation to Cut Start-up Costs

At a glance, the state of Illinois has the highest start-up fees in the country. However, the Illinois Senate recently passed a bill, Senate Bill 867, that would decrease startup costs for entrepreneurs. Lawmakers from both sides of the aisle voted unanimously May 3 to pass The Limited Liability Company Act, which will reduce the cost of starting…Read more

Feed My Starving Children

About Founded in 1987, Feed My Starving Children (FMSC) is a Christian non-profit that provides nutritionally complete meals specifically formulated for malnourished children. The organization’s mission is, “Feeding God’s starving children hungry in body and spirit.” Their process is simple. Donations fund the meal ingredients, volunteers hand-pack the meals, and the meals are donated to FMSC…Read more

What You Need to Know About the Tax Reform Bill

The new tax reform bill contains a large number of provisions that affect individual taxpayers. H.R. 1, known as the Tax Cuts and Jobs Act, was passed by both houses of Congress on December 20, 2017. Note that in order to stay within Senate budget rules, this bill will expire after 2025; this means if no…Read more

Latest Update: How to Prepay 2017 Property Taxes Before December 31, 2017

In light of the recent tax reform, federal deductions for state and local taxes and real estate taxes may be decreased. Depending on your personal situation, it may be beneficial for you to prepay 2017 property taxes before year-end by December 31, 2017 in order to fully deduct the taxes. These new changes will take effect under…Read more

How to Handle a Growing Company

Growth is a primary objective for many small businesses, especially those with sights set on sustainable success. However, hoping for growth and successfully navigating the growth period are two very different things. As many companies come to learn, scaling isn’t always as easy as it sounds. The process of developing rapidly requires a thorough understanding…Read more

How Can You Maximize Your Charitable Deductions This Tax Year?

Each year seems to bring even more uncertainty about the future of the U.S. Tax Code, and 2017 is no exception. With the details of various tax reform proposals to take effect in 2018 still being hotly debated in Congress, there’s never been a better time to try to reduce your tax liability for the…Read more