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Tax Reform Provisions for Businesses
The Act adjusts the tax rate for corporations to a flat 21% starting in 2018, thereby permanently replacing the current 35% top corporate ra
8 min read
How the Tax Reform Provisions Will Impact Individuals
ECS has described the changes below which will impact individual taxpayers. Each taxpayer’s facts and circumstances are different and there
5 min read
Illinois “Invest in Kids Act of 2017”
This Act created an Illinois income tax credit for taxpayers who make authorized contributions to qualifying Scholarship Granting Organizati
3 min read
2017 Year-end Tax Planning with Pending Legislation for Individuals
Key areas for consideration this tax season include potential tax reform, identity theft concerns, and increased scrutiny of foreign reporti
6 min read
City of Chicago Taxes Carryout Bags
The City of Chicago strikes again with another tax for retail license holders called the Checkout Bag Tax. In an effort to reduce the use of
3 min read
Get Ready for Phase-Out of Bonus Depreciation
Given Congress’ recently updated rules on the first-year bonus depreciation of equipment, it’s important for businesses, especially...
1 min read
