If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reduce your taxes and boost your cash flow.

If you are approaching retirement and your 401(k) plan contains significant holdings in appreciated employer stock, you may be able to minimize your tax liability related to that stock.

Three years after the COVID-19 pandemic hit the United States, not-for-profit organizations appear to be in a significantly better place in terms of overall employment than they were at the end of 2021...

Most businesses today are facing an unprecedented shortage of skilled labor, so it is more important than ever to retain existing employees. Manufacturers have been hit particularly hard.

In honor of Chicago Craft Beer Week, here are some tax tips for the fledgling craft brewers out there.

In my recent Not-For-Profit newsletter, Questions and Concerns Board Members Should Consider in the Current Environment...

In today's society everybody wants to know where exactly their money is going. It is not enough anymore to simply solicit donations to "help your cause."

Communication breakdowns between a not-for-profit organization's development and accounting departments can lead to confusion, embarrassment and, worse yet, financial problems.

The subscription business model has taken off in recent years. There is a reason that companies talk about becoming "the Netflix of (insert product or service here)." A successful subscription...

A key to success for any restaurant is to verify that its food costs are in order.

On March 15, 2022, the U.S. Small Business Administration announced an additional six-month deferment of principal and interest payments for existing loans made under the COVID Economic Injury Disaster Loan program.

The National Philanthropic Trust (NPT), the largest U.S. donor-advised fund (DAF) sponsor, has some good news about grants to not-for-profits from Donor-Advised Funds (DAFs).

On October 8, 2020, the Small Business Administration (SBA) provided a simplified PPP loan forgiveness application, Form 3508S, for borrowers with loans of $50,000 ...

In recent years, there has been an emerging reshoring trend among U.S. manufacturers. The Reshoring Initiative, a not-for-profit organization, estimates that from 2021 to 2022...

If you have established or plan to establish one or more trusts as part of your estate plan, be sure to evaluate the tax implications.

On Tuesday, March 17, Treasury Secretary Steven Mnuchin announced at a press conference that individuals and corporations can delay their tax payments until July 15 due to the coronavirus pandemic.

Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known as the bipartisan infrastructure bill.

In tough economic times, real estate owners and investors often work with their lenders to restructure mortgage debt. Lenders may be willing to reduce the interest rate, extend the repayment term...

The IRS is once again delaying the requirement for a third party settlement organization ("TPSO") to issue a Form 1099-K to anyone who received more than $600 from the TPSO in third party payment network transactions.

The IRS postponed deadlines to file various individual and business tax returns and make tax payments for taxpayers affected by Hurricane Idalia in Florida and in South Carolina.