The Trump administration has issued an executive order directing for the elimination of most paper checks issued by government agencies and by taxpayers for government payments by September 30, 2025. The Executive Order will require the use of electronic deposits for most government benefits s … [Read more...] about Trump directs end to paper government checks
WARNING: Most Small Businesses Must Register Under Corporate Transparency Act by December 31, 2024
In 2020, Congress asked for a new law called the Corporate Transparency Act. The purpose of the law was to require entities who might be laundering money or otherwise doing illegal financial transactions to register with a section of the Treasury Department called the Financial Crimes Enforcement … [Read more...] about WARNING: Most Small Businesses Must Register Under Corporate Transparency Act by December 31, 2024
Picking the Perfect Business Structure
When you set up your business, one of the first things you have to do is choose a business structure. Each structure has its own benefits and limitations, so it is an important decision that you need to think about. It may also help to seek advice from a qualified business lawyer. Here is what you … [Read more...] about Picking the Perfect Business Structure
IMPORTANT: Clarification on Tax Return Due Dates
The IRS has clarified which returns can be filed July 15. Only corporate and individual returns due April 15 can be filed on July 15. If your return is due May 15 or June 15, you need to file for an extension of time. Illinois corporate and individual income tax returns due April 15 can be … [Read more...] about IMPORTANT: Clarification on Tax Return Due Dates
Are You Ready for the Next Recession?
Are You Ready for the Next Recession? Nobody wants to hear the word recession, but there are signs that the economy is slowing down. Job growth, factory production, retail sales and company profits are all down. If you haven’t started thinking about the next recession, you need to start soon. … [Read more...] about Are You Ready for the Next Recession?
