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.

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Illinois Tax tax preparation bookkeeping 52

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. And since you asked, here’s a fabulous photo of Hannah and me at QuickBooks ConnectFest.

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Illinois Tax tax preparation tax return 52

Going Concern

FEBRUARY 16, 2024

This is according to the Illinois CPA Society (ICPAS), which surveyed 449 employers and 433 accounting and finance employees last summer and released its results last month. New this year, people can easily find step-by-step help to file their personal federal income tax return.

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Real Estate Iowa audit CPA 105

Nancy McClelland, LLC

APRIL 9, 2023

Well… except that you may also have to pay state estimated taxes. See here for my post on how to make personal Illinois estimated tax payments. Please make sure to note how much you paid to each agency and on which dates — and let your tax preparer know this information as well. Click Submit and you are done!

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Tax tax preparation tax return bookkeeping 52