On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. In a matters…
On April 2, 2020, the Small Business Administration (SBA) issued its Interim Final Rule on the Paycheck Protection Loan Program (PPP) from the recent…
After several days of political drama, on March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748). This…
- March 26, 2020
- Audit and Tax | COVID-19 | Tax
With the official extension of the federal income tax return due date to July 15th the spotlight now turns to the states to see…
- March 24, 2020
- Audit and Tax | COVID-19 | Human Resources | Tax | Wealth Management
COVID-19 has presented a new economic environment that most businesses are unprepared for. How does this new climate affect your business, and what are…
- March 20, 2020
- Audit and Tax | COVID-19 | Tax
On March 19, 2020 Senate Majority Leader Mitch McConnell released a significant economic package. This package is referred to as “Phase 3” as it…
- March 20, 2020
- Audit and Tax | COVID-19 | Tax
Filing tax returns is usually a main concern this time of year for individuals and businesses. With the current Coronavirus crisis, however, taxes seem…
On March 18, 2020, the IRS issued Notice 2020-17. This notice was the formal guidance that extended the date for making tax payments due…
Changes in Economic Climate Due to Coronavirus Lead to Numerous Tax Updates The issue gripping the country now is concern over the 2019 Novel…
- February 29, 2020
- Audit and Tax | Tax
Every four years comes around the Olympics, a presidential election, and a leap year. With Leap Day falling during tax season, we thought we…
- February 28, 2020
- Audit and Tax | News | Tax
Chris was interviewed on WGN Radio and Fox Milwaukee about workforce safety, in the wake of the tragic shooting in Milwaukee on February 26,…
- February 28, 2020
- Tax
The recent “Tax Cuts and Jobs Act” (TCJA) ushered in comprehensive tax reform There were many incentives designed to encourage businesses to be more…
- February 27, 2020
- Audit and Tax | News | Tax
Louis Sands appeared on the Anna Davlantes Show on WGN Radio to discuss the dos and don’ts of preparing to file tax returns. Louis…
- February 18, 2020
- Tax
The Illinois Department of Revenue recently released a compliance alert notifying marketplace sellers—sellers that make sales using marketplace facilitators—about the new marketplace facilitator law…
- February 6, 2020
- Audit and Tax | Construction | Tax
As a new decade begins, will construction and real estate businesses see the ‘roaring twenties’ with continued growth? Or will we witness a collapse…
- February 5, 2020
- Dynamics GP | Tax | Technology | Tips & Tricks
As the year comes to a close, the Sikich team is working hard to install required annual updates for our clients. Clients who use…
- February 4, 2020
- Audit and Tax | Tax
How to reduce your taxes and still donate to charity using a traditional IRA The Tax Cut and Jobs Act (2017) made significant changes…
- February 3, 2020
- Not-for-Profit | Tax
Major changes affecting not-for-profit organizations It’ll come as good news to all tax-exempt organizations that the “parking tax” was repealed and, to many, that…
- January 23, 2020
- Construction | Tax
The Tax Cut and Jobs Act of 2017 created a new tax saving vehicle, Opportunity Zones (OZ). The intention of the OZ law is…
- December 18, 2019
- Tax
UPDATE: This tax legislation was signed by the President on December 20, 2019 so it is now enacted into law. The Glitch that Stole…