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Smart QuickBooks Online Practices You Should Be Using
Using QuickBooks Online (QBO) the right way can improve your financial accuracy, reporting capabilities, and operational efficiency....
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Illinois HB 2755: What Businesses Need to Know About New Sales-Tax Changes
On June 16, 2025, Governor Pritzker signed House Bill 2755 (FY 2026 Revenue Omnibus Act) into law. In addition to income tax changes, the...
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2025 Alternative Minimum Tax (AMT) Exemption Updates
The Alternative Minimum Tax (AMT) aims to ensure higher-income taxpayers pay at least a minimum amount of tax, even after deductions and credits.
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Work Opportunity Tax Credit (WOTC) – Available Through 2025
The Work Opportunity Tax Credit (WOTC) is a valuable federal income tax credit available to employers who hire individuals from targeted groups that have historically faced barriers to employment.
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2025 Child Tax Credit (CTC) – What to Know
The Child Tax Credit (CTC) provides meaningful tax relief to families with dependent children. While potential legislative changes are still under discussion, as of now, the 2025 Child Tax Credit remains as follows under current law.
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Fringe Benefit & FSA Updates for 2025
The IRS has announced inflation-adjusted limits for employer-provided fringe benefits and flexible spending arrangements for tax year 2025.
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