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Recent Updates

Donna A. Hubert Memorial Scholarship Application Opens April 1

Feb 25 in Tax Info

Donna A. Hubert Memorial Scholarship application opens April 1, 2021. This scholarship is open to female accounting majors in IL, IN and MN. We are proud to honor Donna’s legacy. Application will be posted here: Donna Hubert Scholarship Information.  Donation information can be found on our website.

Illinois—Corporate, Personal Income Taxes: Changes for 2020 Income Tax and 2021 Withholding Tax Returns Discussed

Feb 16 in Tax Info

The Illinois Department of Revenue (department) has issued an informational bulletin that summarizes income tax return changes for individuals and businesses for the 2020 filing season and 2021 withholding income tax filing season. The bulletin also provides a minor sales and use tax update.

The changes summarized in the bulletin include:

2020 Individual and Business Income Tax“MyTax” ... Read More ›

Indiana—Corporate, Personal Income Taxes: IRC Provisions Not Followed by Indiana Clarified

Feb 10 in Tax Info

Indiana has released guidance providing a list of the most significant corporate and personal income tax modifications necessary because the definition of Internal Revenue Code (IRC) is the version in effect on January 1, 2020. The bulletin covers modifications required due non conformity with the:

CARES Act; and Consolidated Appropriations Act, 2021.Items Not Followed

Charitable contributions. If an ... Read More ›

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