Gov. Pritzker announced today that his administration is extending the individual income tax filing and payment deadline from April 15 to May 17. The Illinois Department of Revenue (IDOR) will continue to process tax refunds for those filing ahead of the deadline.
The filing extension does not apply to estimated tax payments that are due on ... Read More ›
The Treasury Department and Internal Revenue Service announced that federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15th to May 17, 2021. According to the IRS News Release, taxpayers can also postpone federal income tax payments of the 2020 tax year due on April ... Read More ›
Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way they’ve always been done. But it generally pays to regularly review your not-for-profit’s accounting function for inefficiencies and oversight gaps. You might plan to conduct a review once a year or perform an assessment whenever ... Read More ›