When a nonprofit is doing any kind of fundraising in Chicago (or the state of Illinois), there are certain regulations that it must follow. One of those is registering with the Illinois Attorney General's Charitable Trust and Solicitations Bureau. An organization that does not register can face … [Read more...] about Exemptions To Nonprofit Fundraising Registration In Chicago
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
Illinois Extends Filing Deadlines
Illinois has just announced it has extended the filing deadlines to correspond with the extended federal deadlines that we announced earlier today. It means that all income tax returns normally filed on April 15 and all estimated payments are now due July 15. … [Read more...] about Illinois Extends Filing Deadlines
IRS Extends Tax Return and Payment Deadlines
To help taxpayers affected by the Coronavirus pandemic, the IRS has announced that it is extending various filing and payment deadlines to July 15. INCOME TAX RETURNS: This includes individuals, corporations, trusts and estates and nonprofits. This extension includes time to pay … [Read more...] about IRS Extends Tax Return and Payment Deadlines
New Overtime Rules Go Into Effect on January 1, 2020
If you haven’t started planning for it yet you need to know that the new threshold for those eligible for overtime takes effect January 1, 2020. The current threshold is $23,660 per year or $455 per week. That amount hasn’t changed since 2004. It includes bonuses but excludes most fringe benefits. … [Read more...] about New Overtime Rules Go Into Effect on January 1, 2020
