THIS NOTICE HAS BEEN REPLACED BY AN UPDATED RELEASE.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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In March 2020, the Department of Labor (DOL) published a final rule establishing the Form T-1, Trust Annual Report. Under this rule, labor organizations with
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On March 29, 2021, the U.S. Department of Labor’s Office of Labor-Management Standards (OLMS) announced that it will publish notice of an intended rulemaking to
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The Department of Labor (DOL) will be holding a webcast on April 26, 2021, from 1:00 – 1:30 pm CST to help employers and plan
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Beginning with tax year 2020, all Nonemployee Compensation is to be reported on the new Form 1099-NEC. This type of compensation was previously reported in
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President Trump issued a presidential memorandum on August 8, 2020 directing the United States Secretary of the Treasury to authorize the deferral of the withholding,
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Starting September 3, 2019 The Indiana Department of Revenue rolled out a new website called INTIME and implemented phase 1 of the rollout. Beginning September
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In memory of former Partner Donna Hubert, the Donna A. Hubert Memorial Scholarship Fund was established. Donna was a 1979 graduate of the University of
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On the fifth anniversary of Partner Donna Hubert’s passing in August 2014, the Partners and Principals of Legacy Professionals LLP announced the creation of the
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On Friday, December 20, 2019, the “Further Consolidated Appropriations Act, 2020” (FCAA) was signed into law by President Trump. In addition to containing a number
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