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Hey Grad! Consider Putting Aside Some Gift Money for Your Future

June 27, 2025

Smart Ways to Use Your Grad Money for the Future If you’re a new high school or college grad who received gifts of cash and checks, now’s the perfect time to make your money work for you. Instead of spending it all now, consider stashing some in savings. Even better, if you earn income this… Read more »

A 529 Plan Can Fund Future Retirement

June 27, 2025

Maximize Your 529 Plan for Retirement Savings A 529 savings plan is often seen as a tool for funding college, but thanks to recent changes, it can also help your child save for retirement. Funds from 529 savings plans can be rolled over into Roth IRAs, but you’ll need to meet a few requirements. If… Read more »

Madonia Honored to Be Named Chairman of Board for Safer Foundation

June 27, 2025

Madonia Named Chairman of Board for Safer Foundation After serving for many years as Treasurer of the Safer Foundation Board and most recently as Co-Chair of the Board, Anthony Madonia has been named Chairman of the Board for the Safer Foundation Board of Directors. Madonia has long pledged to help this unique organization offer second… Read more »

Happy Anniversary to Us

June 27, 2025

One Year in New Offices for AJM&A, Ltd. In honor of the first year in our new office, we have a number of office related/office style awards to bestow. While these make more sense if you have toured our fine offices if you have questions or would like visual proof, we would be glad to… Read more »

Chicago Labor Law Updates for 2025

June 06, 2025

Chicago Labor Law Updates 2025: What You Need to Know The Chicago city government pronounced itself the most pro-worker city in the country. These Chicago labor law updates are designed to treat working people with dignity and fairness. Chicago minimum wage set to increase July 1 along with changes for paid time off. Starting July… Read more »

No More Penny for Your Thoughts

June 06, 2025

Treasury Begins the End for Penny Production One-cent coins are expected to stop entering circulation early next year. Businesses will need to round prices up or down. The U.S. government is phasing out the penny which has been in circulation for over 200 years. The Treasury Department will stop putting new pennies into circulation by… Read more »

Try These Habits for a Happy Retirement

June 06, 2025

Habits for a Happy Retirement Most people think that planning for a happy retirement is all about their assets. Are the financial assets — pension, 401(k)s/IRAs, Social Security, property, sale of a business, etc. — provide enough income to fund a desired retirement lifestyle? But really that is only half the story. A paper published… Read more »

Trouble in Paradise? A Look at Estate Planning Issues for Jimmy Buffett’s Estate

June 06, 2025

“Changes in Latitudes, Changes in Attitudes” Are Definitely Occurring at Jimmy Buffett’s Estate   Lessons in estate planning often include how to choose the best person or people to be trustee or executor.  In a classic example of “What You Hope Never Happens,” Jimmy Buffett’s widow and former business manager who are co-trustees of the… Read more »

Watch Out for IRS Notices Sent in Error

June 02, 2025

IRS Sending Erroneous CP161 Notices for 2024 Form 1041 Filings Programming Issue Triggers Incorrect CP161 Notices for Some 1041 Trust Returns The IRS is erroneously issuing CP161 balance due notices for certain 2024 Form 1041 trust returns. These notices incorrectly assess estimated tax penalties in cases where no payments were required—such as trusts that elected… Read more »

How to Avoid the Social Security Swindle

May 20, 2025

It’s Real-The Big Scam Called the Social Security Swindle. The Social Security Administration (SSA) continues to be the target of bad players. The latest highlights how sophisticated the creators of these scams are becoming. What happens is that you receive an email that appears to be from the United States (US) Social Security Administration, the… Read more »

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Contact Information


It would be our pleasure to discuss your business, tax and/or estate planning needs.
For more information or to schedule an appointment, please complete the following, call or email us today.
We will respond within one business day.

Office:

1900 East Golf Road, Suite 650,
Schaumburg, IL 60173
Map & Directions

Call Us:

Phone: (312) 578-9300

Email Us:

info@madonia.com