On March 20, 2020, the IRS issued Notice 2020-18 announcing that federal income tax payments and payments due on April 15th may be deferred until July 15th. Many states are expected to follow suit with the IRS, but as of March 20, 2020, many have not, including Illinois. The AICPA is keeping track of state tax developments. To determine whether your state is extending please follow the AICPA COVID-19 State Extensions tracker.

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Many consumers are supplementing their primary incomes with part-time work as contractors or small business owners. As a result, it is becoming increasingly more difficult for the average individual to prepare and manage yearly taxes without professional help. Following are several ways in which a

As the owner of a small or micro-sized business, you may be accustomed to handling your accounting issues on your own. As your company evolves and expands, however, this is definitely an aspect of your operations that you’ll want to outsource. There’s a surprising number of ways in which a