Tax Insights
- August 15, 2022
- Accounting | Tax
Update as of August 16, 2022: President Biden signed the bill The Inflation Reduction Act of 2022 (H.R. 5376, previously the Build Back Better,…
- July 29, 2022
- Accounting | Audit and Tax | Not-for-Profit | Tax
At our recent not-for-profit webinar, we covered commonly asked questions about Form 990 with finance leaders and board members across our footprint. Form 990…
- July 28, 2022
- Audit and Tax | Tax
Nearly a year ago, Congress embarked on a journey to push an infrastructure bill and a separate bill (“Build Back Better” – BBB) focused…
- June 28, 2022
- Audit and Tax | Not-for-Profit | Tax
Starting July 1 for Indiana and just recently started on June 1 in Wisconsin, new sales tax changes were passed that will impact not-for-profit…
- June 17, 2022
- Distribution | Equipment manufacturing | Industrial Equipment Manufacturing | Manufacturing | Process Manufacturing | Tax
Many businesses focus their efforts on developing new products. To accomplish this, companies must keep up with their competitors by investing in new technologies….
- June 17, 2022
- Accounting | Tax
As part of the 2023 budget (S.B. 157) that Illinois Governor J.B. Pritzker signed into law on April 19, more than $1.8 billion in…
- May 23, 2022
- Accounting | Tax
At the end of March, the Biden Administration released its 2023 fiscal year budget, known as the “Green Book.” While there are few public…
- May 17, 2022
- Audit and Tax | Tax
In an effort to enhance the existing SECURE Act (the Setting Every Community Up for Retirement Act), Congress looks to pass the SECURE Act…
- April 27, 2022
- Accounting | Audit and Tax | COVID-19
Although the Employee Retention Credit (ERC) was put into effect in early 2020, many organizations and businesses do not realize that they can still…
- April 4, 2022
- Accounting | Audit and Tax | Tax
This past week, Governor Eric J. Holcomb signed an economic development bill into law that could help growing businesses qualify for incentives from the…
- March 31, 2022
- Tax
The administration released its fiscal year 2023 budget on March 28, 2022. This budget includes details of the administration’s priorities for tax policy in…
- March 29, 2022
- Distribution | Manufacturing | Tax
According to the Center for Climate and Energy Solutions, “23% of U.S. greenhouse gas emissions come directly from industrial sources, such as manufacturing, food…
- February 28, 2022
- Tax
Last year brought a significant amount of legislative activity in Congress. Beginning with the American Rescue Plan in March, the focus soon turned to…
- February 15, 2022
- Accounting | Not-for-Profit | Tax
The Accelerating Charitable Efforts (ACE) Act was introduced in both the House and the Senate. The ACE Act is a bipartisan legislation aimed to…
- January 25, 2022
- Accounting | COVID-19 | Tax
Part 1 of 2 Congress introduced several provisions in 2020 to assist businesses and individuals dealing with the financial effects of the COVID-19 pandemic….
- January 20, 2022
- Accounting | COVID-19 | Tax
The Employee Retention Credit (ERC) has been one of the more widely used tax incentives introduced by Congress to provide pandemic relief to employers….
The Administration and Congressional leaders pushed their domestic agenda for most of 2021. A key feature in their strategy was enacting the “Build Back…
- December 21, 2021
- Accounting | Not-for-Profit | Tax
An overview of the latest from the IRS as it pertains to not-for-profit organizations Changes to Form 1024 Last week, the IRS released revisions…
- December 20, 2021
- Audit and Tax | Tax
Specifically as it applies to Illinois taxpayers As we patiently await news on the “Build Back Better” (BBB) legislation, we wanted to share, in…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
