Last month, Illinois Governor J.B. Pritzker signed SB1257 into law enacting changes, in part, to the state's Income Tax Act.

According to a recent study, Nonprofit Finance Study: Managing Growth, conducted by not-for-profit software firm Abila, more than 75% of not-for-profits ...

The U.S. Department of Labor (DOL) recently addressed the hot button topics of worker classification and overtime pay.

The Department of Labor's new overtime rules will take effect on December 1, 2016.

Your employees' retirement timing decisions will depend on a variety of factors, including their accumulated vested assets in your company's plan.

Charitable giving through donor-advised funds (DAFs) has grown in popularity in recent years. A DAF comprises contributions made separately and independently by individual donors.

On the evening of June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020.

On the evening of May 5, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, extended the date from May 7 to May 14, 2020 for...

In a patient-centric health care world, it is important to know what patients are thinking — about their medical and dental care, individual physicians, dentists and staff, and the practice as a whole.

The government has encouraged philanthropy since the birth of the charitable deduction under the War Revenue Act of 1917.

How often do you cost your menu items? Menu costing allows for proper pricing and inventory management.

Cloud computing is not exactly new. It has been on the radar of efficiency and cost-minded businesses of all sizes for some time, but law firms have been slower to jump on board...

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...

If you or your business owns at least 10 percent of a foreign business enterprise (including certain foreign real estate), you may be required to file Form BE-10 with the U.S.

The Illinois General Assembly passed the Fiscal Year 2022 budget implementation bill, S.B. 2017, that intends to raise $650 million of new tax revenue based on changes to the computation of taxable income.

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.

As 2014 came to an end, restaurant businesses everywhere waited on several tax breaks that can be beneficial on their 2014 tax returns.

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.

The Tax Cuts and Jobs Act limited the ability of noncorporate taxpayers — such as sole proprietors, partnerships and S corporations — to offset business losses against income from other sources.

Will the recent federal tax overhaul hurt charitable giving? Two U.S. senators want an answer in hard facts.