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Loan Forgiveness Expenses Not Deductible

Learn more about this interesting ruling by the IRS. 

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Families First Act – Changes Affecting Small Business Employers

Disclaimer: This article will provide a broad overview of this act. Be sure to consult with legal experts to fully understand how this legislation affects your business.

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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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Does the SECURE Act impact you?

Congress recently passed—and the President signed into law—the SECURE Act. Here is a look at some of the more important elements of the SECURE Act that have an impact on individuals.

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Tax Cuts and Jobs Act (TCJA) & U.S. Taxation of Foreign Business Income

As a part of the Tax Cuts and Jobs Act (TCJA), there are tax provisions that will affect U.S. shareholders of controlled foreign corporations (CFCs) for tax years beginning after December 31, 2017. ...

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