News

3rd Quarter Estimated Taxes due 9/15

September 15th is almost here. Do you know what that means? No, we're not just getting you hyped up for apple picking and pumpkin lattes in mid-September. Your third quarter tax estimates are due ...

Illinois Secure Choice Retirement Savings Program

If  you  are  a  business  operating  in  Illinois,  you  may  now  be  required  to  facilitate  the  “Illinois  Secure  Choice  Retirement Savings Program.” This program started in 2018, but it was ...

Tax Tips for Summertime Activities

For many people, summertime means change. Whether it's a life change, like a marriage, or a typical summer event, like sending the kids to camp, things people do in summer can affect their income ...

Recent Scams

QuickBooks Renewal Phone Scam

If you receive a phone call with a transcript similar to the following, beware that it is a scam:

“This is an automated reminder message from QuickBooks Support ...

WI Personal Property Tax Repealed

Big news! On June 20, 2023, Wisconsin Governor Tony Evers signed Assembly Bill 245 (AB 245), repealing Wisconsin's personal property tax, and certain filing requirements associated with the tax. The ...

Chrome Web Browser Security Vulnerabilities

On June 1, Google discovered that a “zero-day security vulnerability” in its Chrome web browser is being actively exploited. A zero-day vulnerability is an undiscovered flaw in an application or ...

Beware (Again!) of Employee Retention Credit Scams

We have discussed this in the newsletter before, but recently the scamming has ramped up and new warnings are being issued. The IRS is warning small businesses and tax-exempt organizations to steer ...

Where's My Refund? tools

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. This tool gives taxpayers access to their tax return ...

2023 Mileage Rates

Beginning on January 1, 2023, the standard mileage rates for the use of a car, van, pickup or panel truck are:

• 65.5 cents per mile driven for business use, up 3 cents from the midyear increase ...

2023 Individual Tax Change Highlights

Below are some of the highlights of individual tax changes for the 2023 tax year that began January 1, 2023. These are not the numbers and tables that will be used to prepare your 2022 tax returns ...