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Kurkowski is a graduate of University of Illinois at Urbana-Champaign and a member of the American Institute of Certified Public Accountants and Illinois Society of Certified Public Accountants. Thanks for reading CPA Practice Advisor!
Matthew DiMillo (Illinois), a graduate of Illinois Wesleyan University with a Bachelor of Science in accounting, is employed with Mowery & Schoenfeld in Lincolnshire, IL. Gail Cole Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago.
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EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. million payrolltax scheme. million.
Mary Girsch-Bock Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.
OBannon Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary grew up in Chicago, graduating from the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.
Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago. Be bold and make positive steps to become the firm you are meant to be.
Jason Bramwell Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary Girsch-Bock is a graduate of the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.
Mary Girsch-Bock Leave a Reply Cancel reply Δ Mary Girsch-Bock Contributing Writer Mary grew up in Chicago, graduating from the University of Illinois-Chicago. She began her career as accountant and later made the switch to writing full time, concentrating on business and technology, with a focus on small business.
Jason Bramwell Payroll June 18, 2025 Hiring Process Takes Longer Now Than Two Years Ago, Managers Say New research from Robert Half shows that hiring is becoming increasingly time-consuming, as 93% of hiring managers said the process takes more time now than it did just two years ago.
She is the CEO of CorpNet.com , the smartest way to start a business, register for payrolltaxes, and maintain business compliance across the United States. She returned to school to study accounting at Illinois State University, earned her CPA, and worked for Deloitte in Chicago for several years as a state and local tax accountant.
OBannon Platform Accounting Group has announced an Illinois-based firm has joined the group. Madison Street Advisors, formerly McCormick Tax Group, is based in downtown Chicago and increases Platform’s presence in the Midwest region.
Firm Management July 28, 2025 KPMG Hires Ex-IRS Acting Commissioner Douglas O’Donnell ODonnell, who served two separate stints as acting chief of the IRS before leaving the agency in February, has joined KPMG as a senior managing director within its Washington National Tax practice.
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Dolton, Illinois: Tax preparer Byron Taylor, of Homewood, Illinois, has pleaded guilty to preparing and filing false individual income tax returns for clients and for himself. He owned and operated We Are Taxes and boasted that "Everyone Gets a Check!" She also deducted a fee, typically some 6% of the payroll.
Cynthia Bradley, of Belleville, Illinois, was sentenced to 15 months in prison in June and ordered to pay $5,768,106.28 The defendants orchestrated a multi-year tax fraud scheme that caused substantial loss to the government,” said Acting U.S. in restitution. in restitution. in restitution.
OBannon Mergers and Acquisitions July 28, 2025 KSM Brings in CPA Firm MichaelSilver in Illinois Top 60 accounting firm Katz, Sapper & Miller announced Monday its formal entry into the Chicago market with the addition of MichaelSilver, a Deerfield, IL-based advisory, tax, and assurance firm serving clients for more than 80 years.
Chicago, Illinois is home to numerous businesses and individuals who may face tax-related challenges such as tax audits, back taxes, and payrolltax problems. Contact us for tax help today. Failure to properly pay 941 payrolltaxes can result in severe penalties, including fines and criminal charges.
As accountants and CPAs, dealing with payrolltaxes is essential to managing finances for your business clients. Understanding the details of payrolltaxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. By Nellie Akalp. for both employees and employers.
In 2025, there are several updates to various payrolltax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, the minimum wage is increasing in Missouri and Illinois. The Illinois minimum wage will increase to $15.00 In Illinois, the penalty for non-compliance is $15.
In 2024, there are several updates to various payrolltax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, minimum wage is increasing in Missouri and Illinois. Social Security Tax Withholding For 2024, the Social Security tax wage base for employees will increase to $168,600.
This changing employment landscape requires employers to reassess their payrolltax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.
States with tighter schedules include Illinois and New York (up to 60 days) and Virginia (up to 15 days). She is the CEO of CorpNet , the most innovative way to start a business, register for payrolltaxes, and maintain business compliance across the United States.
Attorney Damian Williams, George Sanossian agreed to conceal clients’ personal incomes and the wages they paid their employees, to reduce federal income taxes and payrolltaxes. Illinois, where four of the last ten governors have gone to prison.
The program would be funded by 2% payrolltax, 1% paid by the employer, 1% paid by the employee ( L. Covered business entities are businesses that contract with one or more individuals and are required to report payments for services on Form 1099-MISC or 1099-K for more than 25% of its Illinois workforce (effectively gig workers).
Property and payrolltaxes In addition to business or personal income taxes and sales tax, property and payrolltaxes are important considerations. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.
For tax purposes, a payment generally applies first to stated interest that remains unpaid as of the date the payment is due, second to any loan origination fees allocable to the payment, third to any capitalized interest that remains unpaid as of the date the payment is due, and fourth to the outstanding principal.
Firm Watch Baker Tilly Names Adam Grinde Illinois Managing Partner [ Business Wire ] Grinde succeeds Thomas Walker who transitioned to a regional leadership role as managing partner – Central U.S. ” Grinde will provide leadership, management and strategic direction to grow the firm’s Illinois market. effective June 1.
IRS encourages employers to electronically file payrolltax returns [ IRS Newsroom ] The Internal Revenue Service today reminded employers that the best way to file their next quarterly payrolltax return by the Oct. 31, 2023, due date is electronically. He was 40 years old.
HDHPs have lower premiums than traditional health plans because they have higher deductibles, which allows employers who offer HDHPs with HSAs to their employees to save money by reducing their payrolltaxes and health care costs. Of course, there are limitations to HSAs. Rahill, CPA/PFS, JD, LL.M.,
But before we give you a state-by-state rundown on the more mundane upcoming changes, here’s one federal reminder that beginning July 1, 2021, the Employee Retention Credit is claimed against only the employer share of Medicare tax. State by State PayrollTax Changes. District of Columbia. per hour on July 1. per hour. .
The DOL also has a list of potential FUTA credit reduction states for tax year 2022, which includes California, Colorado, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Pennsylvania, and the U.S. States and localities may also provide tax relief for businesses affected by a disaster. Virgin Islands.
Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. This worker classification is expected to be model for other states, Oaks said.
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