Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

847-240-1040

Blog

Private Foundations May Be the Right Choice for Your Family

Private foundations are an undervalued tool for both income and estate planning.  They are often bashed in the press for being cumbersome and expensive to operate but we disagree with this opinion.

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Congress May Deliver More Money to Paycheck Protection Program (PPP)

Congress is anticipated to send $250 billion more to small businesses by the end of the week.

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If You Employ Your Wife, You Could Increase Your Retirement Savings

Besides being our marital partners, our spouses are often our strategic business partners.  They act as our sounding board, entertain clients, attend business social functions, fill in at the office...

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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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2019 Tax Planning: Retirement Savings for Individuals

Now is a good time to review and evaluate your retirement savings. The tax code provides significant incentives for individuals to make contributions to retirement savings and plans, including...

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Uh-Oh; I Got an Audit Notice from the IRS. Now What?

If you receive an audit notice from the IRS, do not panic.  Just breathe! Read the letter in its entirety to see what they are auditing.  In many cases, it’s a great idea to hire a tax representation...

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