Client Portal
January 10th, 2022
WASHINGTON — The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021... Read MoreNovember 9th, 2021
On November 5, 2021, the House passed the Infrastructure Investment and Jobs Act (the Act), which is expected to be signed by President Biden this week. The legislation contains few... Read MoreSeptember 9th, 2021
On August 27, 2021, Governor Pritzker signed Public Act 102-0658 (the Act) establishing the state’s Pass-through Entity Tax regime. The legislation follows a national trend of similar laws passed... Read MoreJuly 16th, 2021
The American Rescue Plan Act of 2021 (Act) temporarily expanded the Child Tax Credit (CTC) for the 2021 tax year. The Act also directed the IRS to issue advance... Read MoreJune 24th, 2021
On June 17, 2021, Governor Pritzker signed the Fiscal Year 2022 Budget Implementation Act (ACT). The ACT contains numerous tax and business legislative changes with most geared towards increasing... Read MoreApril 29th, 2021
The American Rescue Plan Act (ARPA) was recently signed into law by President Biden. The legislation extends key tax credits available to small business for paid sick leave for... Read MoreMarch 18th, 2021
On March 17, 2021 the Department of the Treasury announced that the Federal income tax filing due date for 2020 individual income tax returns has been automatically extended to... Read MoreJanuary 7th, 2021
On December 27, 2020, the Consolidated Appropriations Act, H.R. 133 (Act), was signed into law by President Trump. As the name suggests, the Act combines numerous bills into a... Read MoreSeptember 3rd, 2020
On August 8, 2020, the President issued a memorandum directing the Secretary of the Treasury to defer the withholding, deposit, and payment of the employee share of Social Security... Read MoreJune 5th, 2020
On June 3, 2020, the U.S. Senate passed House Bill H.R. 7010 (Bill), providing more flexibility to Paycheck Protection Program Loan (PPP) recipients. The bill is drafted such that... Read More
