Tax Planning & Tips

Illinois Income Tax In Focus

Back in 2011, Illinois raised its personal income tax rate a whopping 66%, increasing the long held 3% state tax rate to 5%. This tax increase has hit many small and medium size businesses, as the majority of these businesses are “flow-through” … Continue reading

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How You Spend Your Tax Refund to Improve Your Financial Situation

I believe our job as accountants is not simply to prepare a client’s tax returns, but also to help our clients manage personal tax issues and financially succeed.  Preparing tax returns may be considered a commodity service, however, understanding the client’s financial … Continue reading

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