Many of the most successful businesses are the product of the investment of its founder's time, energy and money.

Going back in time to mainframes and punch cards, many manufacturers and distributors have used computers for decades to control their inventories, place orders and keep track of customers

If your child receives investment income, he or she must report it to the IRS by filing an income tax return.

On July 6, 2017, the Illinois House followed the Senate and voted to override Gov. Bruce Rauner's veto of the budget and tax increase bills.

The new IRS regulations are going to create many accounting questions and tax issues for the 2014 tax year.

More than $120 billion of our nation's income flows through trusts, and the Supreme Court will hear a case that may clarify how much states are able to tax.

Generally, withdrawals from a traditional IRA are taxable, but there is an exception for rollovers.

"Manufacturers must strike a balance between progress and security," said National Association of Manufacturers board member ...

In response to buyer and tenant expectations to be competitive in the market, many owners and developers are regularly incorporating smart technologies in their projects.

Most college packing lists do not include an estate plan; however, a few basic documents can give you peace of mind as your son or daughter heads off to college.

There are a few items in the Coronavirus Aid, Relief, and Economic Security (CARES) Act and other recent legislation that have a direct effect on many of our real estate clients. These include: The correction...

Beginning January 1, 2021, pooled plan providers could start Pooled Employer Plans (PEPs), which Congress created to expand access to retirement benefits by allowing companies in unrelated industries...

Safe harbor may generally only be restated or amended before the beginning of a plan year.

Many companies are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a business's cash flow, but whether...

Investors willing to make long-term investments in distressed communities now have a powerful tax incentive for doing so—the Qualified Opportunity Zone (QOZ) program,

On December 21, 2020, Congress passed the Consolidated Appropriations Act 2021 (the "Act"), a massive tax, funding and spending bill that contains a nearly $900 billion coronavirus aid package.

After the Revolution and U.S. trade embargo, much of life in Cuba appears to have been frozen in time. The most obvious sign of this are all of the old cars still driving on the roads.

Under the existing "incurred loss" standard, organizations recognize a credit loss only after a loss event has occurred or is probable.

The AICPA's Statement on Accounting Standards No. 136 (SAS 136), "Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA...

In a memorandum dated June 18, 2020, the U.S. Office of Management and Budget (OMB) revised and reversed their flexibility on Single Audit submission extensions.