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November 2016 Newsletter

FROM ANTHONY J. MADONIA


Tony Madonia Tony Madonia

Yeah, Cubs! After 108 years, lots of nail biting and the best World Series games, ever, the Cubs are on top! The energy in the Chicagoland area is electric. If anything could give the business community another jolt, it sure can be our Cubs fever!

Speaking of jolts? The presidential election will certainly affect the energy and dynamics of business. As we look at client engagements, we are energized and excited about the many new areas and businesses that our clients are pursuing. Whether acquisitions, expansions, transitions or start-ups, business is moving at the speed of light! No matter what category you are in, grab on, it will be an exciting ride.

As we approach the Season of Thanksgiving, I want to thank you for your support and appreciate your confidence in our firm. Wishing you a season of abundance and prosperity.

TAX STRATEGIES… WHY NOW?

As we get closer to the end of the year, it’s important that you take time to review your financials.  Are revenues on track?  Have you considered major investments or purchases?  Will you be making a financial distribution to family members?

All financial transactions have tax implications.  Now is the time to review the transactions that have already taken place this year and consider those that can be favorable to your bottom line.

IRS CHANGES RULES FOR 2017 TAX AND PENSIONS

1040 tax form The IRS has just announced annual inflation adjustments for 50 tax provisions and cost of living adjustments that affect dollar limitations for pension plans and other retirement-related items for the 2017 Tax Year. [READ MORE]

Anthony J. Madonia & Associates, Ltd.

Businesses need support and advice. They especially need support in times of exponential growth, during economic challenges, and in transition.

Anthony J. Madonia and Associates, Ltd. is a premier law firm located in vibrant downtown Chicago that focuses on Corporate Law, Mergers & Acquisitions, Taxation and Estate Planning.

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Anthony J. Madonia & Associates, Ltd. | 312.578.9300 | info@madonia.com
233 S. Wacker Drive, Suite 6825 | Chicago, IL 60606
www.madonia.com