Joey Fasuna Wins Contest with Guess of 1762!
February 07, 2025Young Fasuna Wins Contest Just 7 Candy Hearts Away from Actual Amount Congratulations are in order for Chicago native and nephew of our own Chris Bednarek, Joey “Little Joe” Fasuna has won the candy contest! He guessed 1762 and the exact amount of candy hearts was 1769-no one else was THAT close! Nice work Joey! (We… Read more »
Big Four Accounting Wants to Be Like AJM&A
February 05, 2025AJM&A, Ltd. Offers a Model That KPMG is Hoping to Recreate You know you are doing something right when the likes of KPMG and other Big 4 accounting firms are copying your model. For nearly 30 years, Anthony J. Madonia & Associates, Ltd. has been providing legal and tax services to businesses and individuals. Now… Read more »
Be Alert to Tax Season Scams
February 04, 2025Tax Scams: What to Watch for in 2025 Tax season is a time of year that many people approach with a mix of anticipation and trepidation. Some see it as a chance to claim refunds and get a financial boost. Yet others only feel the dread of navigating paperwork or meeting expensive tax obligations. But… Read more »
Madonia Named President of The Donald and Lorena Meier Foundation Board of Directors
January 31, 2025Anthony Madonia Accepts Position of Board President of the Donald and Lorena Meier Foundation Longtime board member of the Donald and Lorena Meier Foundation, Anthony Madonia will step up to provide new leadership as President of the Board of Directors. The Donald and Lorena Meier Foundation supports a variety of community initiatives including natural resources,… Read more »
Anthony J. Madonia Named to New Position on Safer Foundation Board of Directors
January 31, 2025From Treasurer to Co-Chair, Anthony J. Madonia Actively Serves on Safer Foundation Board of Directors Since 1972, Safer Foundation’s mission has focused on supporting, through a full spectrum of services, the efforts of people with criminal records to become employed, law-abiding members of the community and as a result, reduce recidivism. Safer serves over 5,300… Read more »
What is an Administrative Trust?
January 28, 2025An administrative trust is a temporary legal arrangement created after someone’s death to manage and distribute their assets as outlined in their estate plan. It is typically established to handle administrative tasks such as paying debts, resolving claims, and distributing assets before the trust’s termination. Understanding the purpose of an administrative trust can help ensure… Read more »
Keeping Track of BOI Reporting Deadlines
January 27, 2025Nothing Due at This Time Despite Supreme Court Ruling Running a small business comes with a seemingly endless list of tasks, and keeping up with new regulations can feel overwhelming. Beneficial Ownership Information (BOI) reporting, a requirement for most small businesses in the U.S. under the Corporate Transparency Act (CTA), might seem like just another… Read more »
How to Incorporate a Business in Illinois
January 10, 2025Starting a business in Illinois involves many steps, from choosing the proper business structure to filing the necessary paperwork. Anthony J. Madonia & Associates, Ltd., located at 1900 East Golf Road, Suite 650, Schaumburg, IL, is well-versed in Illinois business law and offers a direct approach to legal and tax advisory services. Learn more about… Read more »
Taxation of Corporate Restructuring and Reorganizations
January 06, 2025Corporate restructuring and reorganizations can be pivotal moments in a business’s lifecycle. Whether a company is seeking to streamline operations, enhance profitability, or comply with shifting market demands, restructuring often comes with a complex set of challenges. Among the most critical are the taxation implications. Missteps in this area can lead to significant financial burdens… Read more »
Partnership Dispute Resolution
January 06, 2025Disagreements in business partnerships in Chicago can disrupt operations, damage relationships, and jeopardize the future of your company. Whether it’s a minor misunderstanding or a significant conflict, unresolved disputes can escalate quickly, causing financial and reputational harm. If you’re dealing with Illinois partnership disputes, it’s crucial to address and resolve these issues promptly and effectively…. Read more »