Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

847-240-1040

Blog

Coronavirus (COVID-19) Tax and Employment Legislation Updates

Please note:  This article will be updated daily with information regarding the coronavirus in the U.S. and the state of Illinois. Last updated on April 20, 2020.  

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CARES Act: Required Minimum Distributions Suspended

Stay informed on the latest tax and employment legislation updates during the Coronavirus outbreak. 

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How to Protect Yourself from Tax Scams

There are many tax scams out there with the purpose of stealing your identity, stealing your money, or filing fraudulent tax returns using your private information. Tax scammers work year-round, not...

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How Many States Does Your Company Do Business In?

Every state with income or franchise taxes is looking for additional revenue.  If your business has property, employees or sales in any given state you most likely have physical nexus.

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KRD has been named one of the 2020 Accounting Today's “Top Regional Leaders”!

KRD was recognized in March 2020 in Accounting Today's "Top Regional Leaders". 

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2019 Taxpayer Planning: Hiring Family Members

One of the advantages of someone running their own business is hiring family members, which can provide a deduction for compensation paid. When including family members in business operations,...

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Six Tips to Grow Your Business in 2020

Looking for fresh, effective ways to grow your business in 2020? You've come to the right place. In today's market, it can be difficult to stand out from the crowd, gain new customers or clients, and...

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Exempt Organization Status and Excess Benefit Transactions

The IRS has issued final regulations concerning the exempt status of organizations that are tax-exempt under Code Sec. 501(c)(3) but engage in excess benefit transactions. As an exempt organization,...

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Roth IRA Conversions – Are You Aware of These Advantages?

What are the benefits of Roth IRAs compared to Traditional IRAs?

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2019 Tax Planning: Retirement Savings for Individuals & the Self-Employed

When was the last time you evaluated your retirement savings? If you can't answer this question, then the best time to review your retirement savings is now. 

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