Tax Insights
- 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…
- December 17, 2021
- Tax | Transaction Advisory Services
Activity in Washington has ramped up the last couple of months, and if you haven’t checked out the tax changes (and potential changes), we…
- December 8, 2021
- Accounting | Government Contractors | Tax
As the end of the year quickly approaches, many government contractors turn their attention to year-end planning. Rather than focusing on the usual end…
- December 3, 2021
- Accounting | COVID-19 | Tax
Additional Resources: Sikich Employee Retention Credit Decision Tree Sikich PPP and ERC Comparison Chart IRS – Employee Retention Credit (ERC) – IRS Notice 2021-20…
- November 24, 2021
- Accounting | Construction | COVID-19 | Tax
On November 15, President Biden signed the $1.2 billion Infrastructure Investment and Jobs Act (IIJA), offering an economic boost in the construction industry. The…
Legislative Update. Last week was a hectic, activity-filled time in the House as there was finally a floor vote on Friday, November 5, 2021….
Less than one week after unveiling a rewrite of the Build Back Better Act (BBB – H.R. 5376), Congressional leaders again rewrote the legislation…
- November 3, 2021
- Accounting | Human Resources | Tax
The Affordable Care Act (ACA) doesn’t appear to be going anywhere. Applicable large employers (ALE) with more than 50 full-time equivalent employees in the…
- November 3, 2021
- Accounting | COVID-19 | Tax
Updates as of 11/4/21 can be found by clicking here! The Administration and Congress are urgently trying to move ahead with their reconciliation package…
- October 14, 2021
- Audit and Tax | COVID-19 | Tax
The leaves are turning, temperatures dipping, and pumpkins filling front porches. Fall is in the air. And yes, the Fall Classic is just around…
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.
