News

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 An RMD is the minimum amount that must be withdrawn each year from ...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 ...

What to Know About Sec. 530A Accounts

Recent legislation introduced a new type of savings and investment account for children: Sec. 530A “Trump” accounts. These accounts are intended to provide a tax-advantaged way to save for a child’s ...

Tax Deadline Approaching

Tax season is here, and deadlines are approaching quickly!

To help us ensure your tax return is completed by April 15, 2026, we must receive all of your tax information by Friday, March 13, 2026.

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Rising Scam Alert: Fraudsters Posing as Bank Fraud Teams

Banks are reporting a surge in social engineering scams involving caller ID spoofing, where criminals impersonate a bank’s fraud department to trick businesses into revealing online banking ...