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...]
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...]
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...]
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...]
Does A Nonprofit Need Bylaws In Chicago, IL?
Starting a nonprofit requires a wide range of legal and managerial tasks before it can open its doors for business. From the inception of an idea through opening day, a nonprofit must: Lawyer working with documents. Justice and law, attorney, concept. Man signing contract papers Choose an … [Read more...]