Rejection of R&D Tax Credit for Design Expenses
The R&D tax credit can be a valuable tool for businesses looking to invest in innovation and design. However, not all expenses involved with product development result in an earning…
Businesses Can Get Tax Credits for Paying Their Employees
The CARES Act is adding the last of three new tax credits that may be available to employers continuing to spend on the workers during this national health emergency. In…
The State of the C Corporation: Where We Stand Today
Whether you should incorporate your business or not is a question that tax experts have been scratching their heads over. The decision will depend on how it's structured, what services…
Relief May be on the Way for Struggling Businesses
The COVID-19 pandemic has harmed the American economy. The Coronavirus Aid, Relief and Economic Security (CARES) Act provides various forms of tax relief to struggling businesses coping with this fallout…
Proposed Changes to Self-Employment Tax Rules
The Biden administration has proposed significant revisions to the self-employment tax rules in "The Green Book." Here's what you need to know about these changes and how they could impact…
Housing Starts Drop 9.6% in July
New home building dropped sharply in July by 9.6%. Rising inflation has radically increased builder costs and the increase in interest rates has seemingly turned the market around. The Federal…
The Gender Pay Gap Continues
Data compiled by the Department of Education on college graduates who received federal student aid shows that a substantial gap in pay between the sexes emerged within three years of…
Downtown Chicago’s Remote Worker Woes
If you look at the Mag Mile, the Riverwalk, or other major downtown tourist destinations, one might think that the problems of downtown retailers had all but evaporated. The stores…
$739B Inflation Reduction Act Passes Major Hurdle
The New Administration's bill passed a major hurdle last night after Democratic Insiders made last minute changes to get Sen. Kyrsten Sinema (D. AZ) to allow it to move forward.…
Entrepreneurial Suicide
I received a call last Monday afternoon that was one of those calls you pray you never receive. The uncle of one of my clients let me know that my…