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Reminder: Form 5500 Due Tomorrow, July 31st

For calendar-year employee benefit plans (those with a year-end of December 31), the annual Form 5500 filing deadline is July 31, 2026. Form 5500 is generally due by the last day of the seventh month ...

Wisconsin’s New Retirement Income Subtraction

If you were 67 or older in 2025, did you notice a new subtraction on your 2025 Wisconsin tax return? 

 

Wisconsin is now offering a new retirement income subtraction that may reduce state taxable ...

It Might Be Time to Revisit Your Tax Situation

It’s hard to believe, but we are already halfway through the year. While taxes might be the last thing on your mind in the middle of summer, now is a good time to take a look at your tax situation and ...

Cook County, IL Minimum Wage Increase

Effective July 1, 2026, the Cook County Minimum Wage for non-tipped workers will increase to $15.40 per hour and the minimum wage for tipped workers will increase to $9.25 per hour.  

 

Generally ...

QuickBooks Online Payroll: Important Payroll Tax Update

If you use QuickBooks Online for payroll, an important change is coming that requires action by June 30, 2026, if not already taken. 

Beginning July 1, 2026, QuickBooks Online Payroll will ...

Memorial Day Office Closure

Wishing everyone a safe and meaningful Memorial Day weekend.

As we enjoy time with family and friends, we remember and honor the brave men and women who made the ultimate sacrifice for our country ...

What to Know About Required Minimum Distributions

As retirement account owners move through their 70s, one important planning item is the required minimum distribution, or “RMD.” An RMD is the minimum amount that must be withdrawn each year from ...

Tax Deadlines for the Remainder of 2026

May 15, 2026: 2025 Tax-Exempt Organization (with a year end of 12/31) tax returns due 

June 15, 2026: Second Quarter 2026 estimated tax payments due

September 15, 2026: Third Quarter 2026 ...

That’s a Wrap And We Thank You!

We would like to thank you, our treasured clients, for allowing us to provide you with services for the 2025 tax year. We appreciate your business and enjoy working with you and assisting you with ...

Spot Tax Scams Before They Cost You

Tax filing in the U.S. is now overwhelmingly digital, and that convenience comes with new risks.

Last year, 93% of individual tax returns were filed electronically. At the same time, the IRS ...