News

Illinois' Paid Leave for All Workers Act

On January 1, 2024, Illinois’ “Paid Leave for All Workers Act” (PLAWA) went into effect. This law is applicable for most employers in Illinois. (There are certain categories of workers that are not ...

Tax Day 2024!

Required Minimum Distributions Due April 1

Reminder: Your Required Minimum Distribution (RMD) is due April 1 if you turned 73 in 2023.

If you turned 73 in 2023, you have until April 1, 2024, to take your 2023 Required Minimum Distribution ...

Tax Returns due 3/15

Reminder: if you have an S-Corporation or a Partnership, your 2024 tax return is due this week – Friday, March 15, 2024.



You can extend your tax return, but this needs to be done by March 15. If ...

Where’s My Refund?

The best way for taxpayers to check the status of their federal refund is to use the “Where's My Refund?” tool, found at https://www.irs.gov/refunds. You can usually see your refund status after 48 ...

2024 Tax Brackets and Other Changes

• The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. For single taxpayers and married individuals filing ...

IRS Piloting New Security Self-Mailer to Deliver IP PINs

Taxpayers who typically receive a CP01A, We Assigned You an Identity Protection Personal Identification Number (“IP PIN”), may notice a change in the look of their mailed IP PINs in 2024. In addition ...

Retirement & Cafeteria Plan limits for 2024

The IRS has recently released updated regulations regarding the contribution and plan limits for retirement plans and cafeteria plans for 2024. The retirement plan limits and thresholds for 2024 are ...

Filing Frequency and Unemployment Insurance Notices

Every  fall,  the  IRS  and  the state  in  which  your  business  resides  will  review  whether  your filing  frequency  requirement for withholding taxes (as well as for sales and use tax and other ...

New Required Reporting - The Corporate Transparency Act

Beginning January 1, 2024, all existing and new businesses will be required to file a new report. The Corporate Transparency Act aims to reduce financial crimes, and thereby mandates businesses to ...