A Fun Day at Blackberry Farm
September 23, 2026Discover the Joys of Blackberry Farm Adventures On Sunday, September 13, we welcomed over 65 guests to the Performance Pavillion at Blackberry Farm in Aurora, IL. We had great food, a photo booth and lots of happy families. Thanks to those of you that attended-we enjoyed catching up. Special thanks to the great staff at… Read more »
Are 40-somethings Preparing a Retirement Account?
September 23, 2026Are People in their 40s Saving in a Retirement Account? Nearly four in 10 people in their 40s still have no retirement account, despite being about 20 years from retirement age. Yet these Americans in their 40s are more likely to have retirement savings than their parents were at the same age, and those who… Read more »
IRS Extends Drought Relief to Farmers and Ranchers
September 23, 2026The Internal Revenue Service has issued guidance on an extension of tax relief for farmers and ranchers in most states and other regions who sold or exchanged livestock because of drought conditions. Those affected may take more time to replace their livestock and defer tax on any gains from the forced sales or exchanges. Notice… Read more »
New IRS Fact Sheet Helps with Overtime Deductions
August 25, 2026IRS Updates Guidance on Overtime Deduction Workers eligible for a federal tax break on overtime pay may claim it more easily for 2026. This contrasts with their experience on their 2025 returns. The change reflects new rules for 2026 through 2028. The IRS issued a new fact sheet on the overtime compensation deduction. Furthermore, it… Read more »
Child Support Changes for 2027
August 25, 2026Senate Bill 3524 Gives Major Update to Child Support Take note Illinois parents involved in divorce, parentage or child support proceedings. Illinois has enacted Senate Bill 3524 and it will take effect on January 1, 2027. This law updates the state’s income-shares child support model. Its key points are that it lowers the shared-care threshold… Read more »
Refunds for Tariffs Coming To These IL Residents
August 24, 2026Some Illinois customers could reclaim tariffs paid on overseas purchases in 2025 from FedEx, UPS, and DHL. This news would delight them. Illinois residents who bought something from an overseas vendor last year should check their bank accounts. Shippers, including FedEx and UPS, acted as customs brokers for imported packages. They received tariff refunds from… Read more »
FinCEN Ceases Beneficial Ownership Reporting
August 24, 2026As of August 11, 2026, FinCEN issued a final rule on BOI reporting. The rule removes the CTA reporting requirement for U.S. companies and U.S. persons. FinCEN will delete previously reported beneficial ownership information from the database. FinCEN also announced it would delete previously reported information by U.S. persons from the beneficial ownership information (BOI)… Read more »
Taxpayers Want a Human CPA not AI
August 24, 2026CPAs and accountants can sigh in relief. Recent data show that clients do not crave a 100% AI-led experience. They prefer AI aiding human accountants (especially a CPA) to provide better service. In many circumstances, most people prefer to keep AI out. Accounting practice management solutions provider Karbon has compiled data indicating that only a… Read more »
Estate Planning When A Child Turns 18
August 24, 2026At the age of 18, a child becomes independent. At the same time, parents lose the automatic legal authority to make medical and financial decisions on their behalf. This is true even if the child still lives at home or remains on the family’s insurance. Three documents close that gap: a durable power of attorney,… Read more »
What Does a Trust Cost?
August 07, 2026Should you put a price tag on a secure future? Is the peace of mind that comes with knowing your legacy is secure worth an exact amount? Rather than just a transaction, consider Estate Planning as a process that comes with certain outcomes. Instead of focusing on the cost of a trust find out why… Read more »