Tax Planning & Tips

Illinois Senate Passed Tax Break

Christmas came early for Archer Daniels Midland (ADM) when the Illinois Senate passed a tax break valued between $20 and $25 million dollars–this at the same time it raised the retirement age and reduced COLA adjustments for State workers.    http://management.fortune.cnn.com/2013/12/16/corporate-tax-breaks/ . In order for the … 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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Lessons Learned from Joint Hearing

  Recently, our own Kurt Anderson testified before the joint Revenue Committee regarding the EDGE Tax Credit and proposed modifications to the legislation to grant greater access for small businesses to the EDGE Tax Credits.  Read a short synopsis of the hearing below. After … Continue reading

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Freedom!!!

No, that’s not my imitation of William Wallace, or the ramblings of a tax accountant on April 15. I am referring to Tax Freedom Day or April 18, 2013 (for Federal taxes). And for those of you in Illinois, Tax Freedom Day … Continue reading

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March Madness

Well, once again the third week of March is upon us and that means March Madness!  In other words, 4 days to complete our NCAA brackets and less than a month to the end of the Tax Season (April 15).  But as … Continue reading

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