FinCEN Adds New Security Measures for LLCs and other Entities.
April 11, 2023FinCEN Requires Beneficial Ownership Information Reporting Rule The U.S Treasury’s Financial Crimes Enforcement Network (FinCEN) made its final rule on implementing the beneficial ownership information (BOI) reporting. This is part of a concerted effort to crack down on the use of corporate structures for illicit purposes. The rule applies to most corporations, limited liability corporations… Read more »
How To Protect Your Business Assets From Future Lawsuits
April 07, 2023With a proactive asset protection plan, you can prevent the loss of assets due to lawsuits. The Chicago estate planning attorneys at Anthony J. Madonia & Associates, Ltd. can help you implement strategies that minimize losses in case of future lawsuits. By meeting with our team of experienced attorneys, you can accomplish the following goals:… Read more »
Illinois Requires Paid Leave for All Workers
April 04, 2023Starting in 2024, Illinois Requires Paid Leave for All Workers On March 13, 2023, SB208 also known as the Paid Leave for All Workers Act was signed into law. Starting January 1, 2024, nearly all employees will be able to earn and use up to 40 hours of paid leave. This is during a 12-month… Read more »
New Business – New Business Attorney
March 21, 2023Starting a New Business – A New Business Attorney Can Help Starting a new business in Illinois is a daunting prospect, especially if you are looking to start one in Chicago. No matter how big your safety net or how developed your business skills are, your mind will be filled with all the many ways… Read more »
Time to Spring Clean Your Finances
March 08, 2023Spring Clean Your Finances With Daylight Savings approaching, spring is just around the corner. While you plan to dust and declutter your home, take the same care with your finances. Here are some tips to get you started. Declutter your financial life. Consolidate old accounts-review your finances. More accounts don’t mean more diversification, just more… Read more »
Set Goals To Protect Your Family Assets & Avoid Probate
March 07, 2023What Can I Do to Avoid Probate? Want to know how to avoid probate in Illinois? Stop spending hours searching experienced estate planning attorneys in Chicago and contact our team at Anthony J. Madonia & Associate, Ltd. Our estate planning attorneys are here to help protect your family and assist you avoid going to probate… Read more »
New IRS Scams involving Form W-2 Wages
March 06, 2023IRS warns taxpayers of new filing season scams involving Form W-2 wages On March 3, 2023, the Internal Revenue Service issued a consumer alert warning taxpayers of new scams that urge people to use wage information on a tax return to claim false credits in hopes of getting a big refund. The most common scheme,… Read more »
The latest news from the IRS
February 23, 2023News from the IRS -Smaller refunds and other items of note The cat is out of the bag. The news from the IRS is that this year taxpayers might receive smaller refunds this year than they have become accustomed to. There are a number of reasons for this including the child tax credit reduction, and… Read more »
Ways to Protect Your Assets from Future Lawsuits
February 21, 2023Techniques to Shield Your Assets from Future Problems It’s worth learning how to protect your assets. Learn how to implement effective asset protection techniques. The goal of asset protection is to guard against unanticipated future claims, not previously filed claims or ones that are reasonably predictable. So, what should you do? How to Protect Your… Read more »
Asset Protection Tools- Estate Planning Tips to Keep Your Money in the Family
February 08, 2023Utilize Asset Protection Tools Now to Keep Your Money in the Family The prospect of estate planning can seem overwhelming. You need asset protection tools to get your started in the planning process. Financial planners recommend having an estate plan. It can be crucial to ensuring your money and assets go to your intended heirs…. Read more »