Nancy McClelland, LLC

APRIL 9, 2023

Reminder: Due to a new law , Illinois S-Corp and Partnership owners should generally pay quarterly IL state ( not federal) taxes through the business. The post below is about how to pay IL taxes personally ; click here for how to make IL business tax payments.

Illinois 52

Illinois Tax tax preparation bookkeeping 52

MyIRSRelief

MAY 22, 2023

Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payroll tax problems. Contact us for tax help today. Tax audits can be time-consuming and require a significant amount of documentation.

payroll tax 147

payroll tax payroll audit Tax 147

Nancy McClelland, LLC

APRIL 9, 2024

We still want folks to make quarterly payments (see my related IRS & Illinois posts for how to do it online), but for the first quarter, at least, we’re asking everyone to use “safe-harbor” calculations. However, times have changed. Why Use 1Q Safe-Harbor Calculations Instead of Annualizing?

Illinois 52

Illinois Tax tax preparation tax return 52

Nancy McClelland, LLC

JANUARY 30, 2024

To say nothing of the fact that the next government shutdown deadline is scheduled for one week before business tax returns are due. Ths allows me to continue to provide free accounting resources to small businesses who do not have the funds available to hire a CPA. And we were freaking out about that delay.

Tax 52

Tax tax return Illinois tax preparation 52

CPA Practice

OCTOBER 2, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. They have until Oct. 31, 2023, to file. They have until Nov.

South Carolina 124

South Carolina Tax Georgia income tax 124

CPA Practice

OCTOBER 16, 2023

These areas include: Taxpayers affected by flooding in Illinois and Alaska. 24, 2024, to file various individual and business tax returns. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. They have until Oct. 31, 2023, to file. They have until Nov.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

AUGUST 21, 2023

They are taxed on their income but can’t write off most of their business expenses. Section 280E of the federal tax code bars marijuana firms from claiming business expenses on their federal tax return other than for their cost of goods sold. Look for more states to follow suit. _

income tax 98

income tax Tax tax return Oregon 98