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Accounting Services

Payroll Protection Program for the self-employed and payroll tax updates

May 14, 2020 1:00 AM - On April 14, 2020, the Small Business Administration (SBA) released another Interim Final Rule related to the Payroll Protection Program (PPP). This Rule provides guidance for individuals with self-employment income who file a Form 1040, Schedule C.
Suiting up in the quarterback role: Your accountant?

May 14, 2020 1:00 AM - Maybe I've been cooped up too long without my usual weekend ritual of watching sports. I can't help but think of the similarities between a quarterback's role leading a football team and my role as an accounting advisor to our clients during the COVID-19 crisis.
Laptops: A lifeline for students impacted by COVID-19

By Hilary Collins
May 14, 2020 1:00 AM - As COVID-19 sweeps the world, most workplaces, non-essential businesses, and schools across Illinois have shuttered their doors, forcing workers and students to turn to their personal computers and home internet access to continue their assignments. The abrupt pivot to fully remote work and at-home learning is testing even those with the most up-to-date equipment. But what about those without computers at home?
How 'OK, Boomer' Is Holding You Back

May 14, 2020 1:00 AM - I'd say for everyone I work with above the age of 50, experience (ahem, age) is a large concern. How can I earn respect from my clients or colleagues and position myself as an expert despite my age?
No more excuses: The time to evolve as professionals is now

May 14, 2020 1:00 AM - Ensuring the future relevance of CPAs is something that I think about virtually every day as president and CEO of the Illinois CPA Society.
Your PPP funds were granted -- now what?

May 13, 2020 2:04 PM - Unlike other traditional loans, having Paycheck Protection Program loans forgiven will not count toward taxable income. Your focus should now turn to maximizing loan forgiveness.
3 step approach to ready your information for PPP forgiveness

May 13, 2020 1:00 AM - Without a doubt, the Paycheck Protection Program (PPP) Loan has been viewed as a lifeline to millions of small businesses. As you emerge from the application process, enter the funding phase, and look forward to the eventual forgiveness phase, DHJJ urges you to look back on lessons learned and strategize for the future.
Wipfli acquires Denver-based accounting firm

Jan 6, 2020 1:32 PM - Accounting and consulting firm Wipfli annouced it has acquired Denver-based firm Stratagem.
Sikich acquires Washington, D.C. accounting firm

Dec 18, 2019 9:02 AM - Professional services firm Sikich LLP said it will acquire Alexandria, Virginia-based public accounting firm Halt, Buzas & Powell, Ltd.
Year-end tax-planning moves for businesses and business owners

Nov 6, 2019 1:00 AM - For many business owners, thoughts turn to taxes during the fourth quarter. Unlike last year, when the new tax laws were uncharted waters, you have the advantage of a longer planning horizon.

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Returning to work: What liability do businesses have?

As businesses are preparing to return to work, one question that is top of mind is what potential liability do I have if someone gets sick due to exposure from my place of business or the work that is being done?