Business Law: Gather 2023 Tax Documents
April 12, 2024As the year concludes, Chicago-based business owners must focus on tax preparation, a time that, while daunting, offers a chance to ensure financial alignment. Gathering last year’s tax documents is crucial, requiring precision to adhere to legal standards. Seeking support from Anthony J. Madonia & Associates, Ltd., can ease this process. With proficiency in business… Read more »
Business Law: What to Know Before You File Your Business Taxes
April 05, 2024When the time comes to file your business taxes in Chicago, there are several important factors to keep in mind. Tax season can be a challenging period for many business owners, but with the right preparation, it can also be an opportunity to ensure that your business is on the right track. Anthony J. Madonia… Read more »
Anthony J. Madonia Now Licensed to Practice in Arkansas
April 03, 2024Big News at AJM&A. If you need a lawyer licensed in Arkansas -Look no further! Anthony J. Madonia has been admitted to the Bar of Arkansas and is now an Arkansas licensed attorney. In an effort to better serve his clients in Arkansas, Madonia applied for admittance to the Arkansas Bar and was admitted. He… Read more »
Corporate Transparency Reporting
March 28, 2024Businesses have a multitude of legal and regulatory obligations to keep track of. One increasingly important area is corporate transparency reporting, mandated by the Corporate Transparency Act (CTA). Enacted as part of the Anti-Money Laundering Act of 2020, its primary aim is to combat financial crimes such as money laundering, terrorist financing, and tax fraud…. Read more »
Common Business Shareholder Disputes
March 14, 2024Shareholder disputes have the potential to seriously disrupt and damage a business. If you are a shareholder in an Illinois company and facing disagreements that threaten your investment, or any other forms of disputes – it is essential to seek the help of a skilled Chicago business lawyer. Anthony J. Madonia & Associates, Ltd. offers… Read more »
The Importance of Conservatorship as Seen in Killers of the Flower Moon
March 06, 2024How the Osage Murders Shed Light on Estate Planning and Conservatorship In Martin Scorsese’s Oscar-nominated film, ‘Killers of the Flower Moon,’ we discover the shocking history of the Osage Murders as well as its insights into estate planning and conservatorship. It is a journey back to the early 1900s to a chilling chapter known as… Read more »
What Barbie Can Teach Us About Estate Planning
March 06, 2024In Latest Movie Barbie Faces Reality and Realizes the Importance of Planning for the Future The Barbie movie is nominated for eight awards at the 96th Oscars. While a great movie, it also has some life lessons we can learn from. If Barbie can grow up and make it in the real world, so can… Read more »
When It’s Not All Laughs-Jay Leno Faces Estate Planning Problem
March 06, 2024Jay Leno Didn’t Have an Estate Plan, and It’s No Laughing Matter. Turns out Jay Leno had to file for conservatorship for his wife because he didn’t quite have his estate planning ducks in a row. Jay’s wife has dementia, and if they had a completed estate plan, the sad and difficult time would… Read more »
Senior Citizens Real Estate Tax Deferral Deadline Looms
February 23, 2024March 1 Deadline for Senior Citizens Real Estate Tax Deferral Program Program Allows up to $7,500 of Property Tax Deferral Per Year Qualified seniors in Illinois can defer all or part of their property taxes and special assessment payments on their principal residences through the Senior Citizens Real Estate Tax Deferral Program. Seniors needing assistance… Read more »
IRS Spotlights Employer-Provided Childcare Tax Credit
February 12, 2024Spotlight on Employer-Provided Childcare Tax Credit Childcare is often the second largest household expense after rent or mortgage. Slate.com found 62% of American parents have a hard time finding and affording high-quality childcare. This tax credit is designed to help employers cover some of the qualified childcare facility and resource and referral expenditures associated with… Read more »