Following the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of
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The Beneficial Ownership Information (BOI) Reporting Requirements continue to evolve as it works its way through various judicial channels. Visit Beneficial Ownership Information Reporting |
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Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership Information Reporting Requirements Now in Effect, with Deadline Extensions In light of a December 23,
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The Corporate Transparency Act (CTA) was enacted as part of the National Defense Act for Fiscal Year 2021. The CTA mandates entities report their beneficial
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The following letter was sent via priority mail to Legacy clients who may be affected by this deadline: The Corporate Transparency Act (CTA) was enacted
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From the IRS — Issue Number: IR-2024-288 WASHINGTON — The Internal Revenue Service will sponsor a free one-hour webinar designed to help the many businesses
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The Internal Revenue Service (IRS) has issued final regulations that reduce the electronic filing threshold from 250 W-2s to 10 informational returns (such as Forms
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HB1197 was signed into law by the Governor on June 30, 2023. The bill changes the Illinois Charitable Audit Requirements. The Illinois Attorney General has
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The Donna A. Hubert Memorial Scholarship Fund offers an annual renewable scholarship to women pursuing a career in accounting. Qualified applicants will be female undergraduate
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THIS NOTICE HAS BEEN REPLACED BY AN UPDATED RELEASE. CLICK HERE FOR THE UPDATED RELEASE. The Illinois CPA Society issued an Emergency Update today regarding
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The Internal Revenue Service announced yesterday an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the
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If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax
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