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Illinois LLC Taxes: An Ultimate Guide

Master Illinois LLC taxes with our comprehensive guide! Expert tips for stress-free filing and maximizing deductions. Stay compliant and save money!💰

IRS Audit Red Flags: How to Avoid Getting Tax Audited

Worried about IRS audits? We know how to dodge them! Learn the top triggers and get expert tips on minimizing risk. Stay audit-free with Lewis CPA!

How to Avoid Illinois Estate Tax?

Discover strategies to minimize Illinois estate tax and optimize wealth transfer! Secure your legacy today!💰💡

Is Estate Planning Tax Deductible? A Comprehensive Guide

Learn whether estate planning fees are tax deductible and stay updated on deductions allowed amid recent tax reform. Optimize your taxable income with Lewis CPA!

Illinois Small Business Taxes: Business Owners' Guide

Demystify Illinois Small Business Taxes with our comprehensive guide! 🏢 Discover tax obligations for different entities, stay compliant, and manage your business taxes effectively.

Passive vs. Non-Passive Income Tax: What’s the Difference?

Discover the disparities between passive and non-passive income tax. Learn how these variations can impact your financial strategy.

IRS Mileage Rate 2024

Explore the 2024 IRS mileage rates and gain insights into what to anticipate for your tax deductions. Stay informed 🚗

Mastering Tax Efficiency: How to Minimize Your Rental Property Taxes

Explore expert strategies and tips to minimize your rental property taxes. Learn from our tax professionals and optimize your real estate investments today!

Small Business Tax Deductions: What You Need to Know

Discover 21 essential small business tax deductions in 2024. 🧾 Maximize savings and lower your tax bill with expert insights!

Is Tax Topic 151 an Audit? Understanding IRS Notices

Discover what does Tax Topic 151 letter mean and learn the essential steps to take when you receive this IRS notice.

Decoding Pass-Through Entities: A Comprehensive Guide

Navigate the intricacies of pass-through entities with our comprehensive guide. Decode the nuances of taxation, benefits, and state-level considerations.

How Are Property Taxes Calculated in Illinois?

Discover how property taxes are calculated in Illinois, considering assessed values and local rates. Navigate the process with insights from our informative guide.

Internal Audit vs. External Audit: What’s the Difference?

Internal and external audit play crucial roles in assessing a company's financial health and ensuring compliance, but they differ in scope, purpose, and approach.

Illinois S Corp Tax: The Ultimate Guide

Discover key insights into Illinois S Corporation tax laws for 2023. Understand filing requirements, deductions, and tax strategies to optimize your S Corp's tax liability.

Filing Multiple State Tax Returns: A Comprehensive Guide

Conquer filing taxes in two states: residency rules, liabilities + tips. Your comprehensive guide to navigate with confidence.

Tax Strategies for High-Income Earners: Maximize Savings and Financial Success

Discover powerful tax strategies tailored for high-income earners. Learn how to optimize your tax planning, and minimize tax burden. Take control of your taxes today!

Audit vs. Assurance - What Is the Difference?

Discover the key differences between audit & assurance and how to best use these services for your financial success. Read our in-depth article to learn more about improving your financial outcomes.

Non-Profit Audit: A Complete Guide

Nonprofit audits help identify opportunities for improvement in financial strategies. Learn the main types of audits, their requrments and what to do before it in our guide.

Small Business Tax Planning: Top 10 Strategies to Reduce Tax Liability

Reduce tax liability and boost profits with these top 10 tax planning strategies for small businesses. Expert tips to keep more of your hard-earned money!

Does Illinois Tax Social Security?

Does Illinois tax social security benefits and social security income? Check our article to learn the basics.

Seven Reasons Why Your Small Business Needs a Bookkeeper

Bookkeeping is crucial to keep your small business running. Learn why is bookkeeping important for small businesses and how it can help you.

Should I Hire a Bookkeeper or an Accountant for My Small Business?

Bookkeeping vs accounting. What do you need for your small business? Learn the key differences in our article to meet the right decision.

Payroll Year-End Checklist for Your Small Business

Learn how to complete year-end payroll using this year-end payroll checklist to make year-end processing seamless for your small business.

Outsourced CFO Services: All You Need to Know

Outsourced CFO services are a smart solution that can benefit growing business. Learn benefits, main services and more in our guide!

What Is Negative Cash Flow? 8 Tips To Improve It

Wondering what is negative cash flow? Learn whether negative cash flow is bad for your small business and how to improve it.

Comprehensive Income: a Definition and Examples

Learn what comprehensive income is and how it differs from net income and other comprehensive income as well as how to calculate it.

Small Business Payroll Taxes: A Beginners Guide

Understanding payroll taxes is essential for small business owners. Learn the basics of small business payroll taxes in our article.

Small Business Financial Planning: Guide and Best Tips to Follow

Financial planning is crucial for small business owners. Learn how your business can benefit from it and discover the best business financial planning tips!

10 Benefits of Outsourcing Bookkeeping for Your Small Business

Are you wondering why you should outsource bookkeeping services? It is really worth it! Discover the benefits of outsourcing bookkeeping for your small business.

IRS Representation: Who Can Represent You Before the IRS?

Filing your taxes with the IRS is something that you have to do every year. Are you wondering who can represent you before IRS? Learn all possible options.

What Is Cash Flow: Definition, Types, & Everything You Need to Know

This is our full guide to cash flow: learn what it is, how to calculate cash flow, and how to prepare cash flow statements from this post.

How to Pay Yourself as a Small Business Owner

In this post, you will find the guide on how to pay yourself whether you own an LLC, S-Corp, C-Corp, or any other business structure. Read now!

What Is a W-4 Form and How to Fill It Out in 2022?

This is a step-by-step instruction on how to file a W-4 form: learn everything about W-4 form from the certified accountants in our new post!

How to Calculate Startup Costs for Small Businesses: 2022 Guide

Wondering how much does it cost to start a business? Our post will explain to you how to calculate your startup expenses easily. Read now!

How to Prepare an Income Statement in 8 Simple Steps: Full 2022 Guide

Every small business should know how to make an income statement. The preparation of financial statements details the specific income and expenses of a company.

Best Accounting Software for Small Business in 2022

Let's learn in this article the best small business accounting software which can help owners of small businesses track their accounts and expenses.

Top 10 Smart Tax Filing Tips for Small Business in 2022 to Make Taxes Less Stressful

Do you know small business tax tips? Knowing how to keep up with taxes for small business owners is some of the best tips you'll ever find. Let's read here!

What Is 1120 Form (C-Corp, US Corporation Income Tax Return Form) and How to File It in 2022

1120 tax form is the document that corporations file with the IRS every year. Here's everything you need to know about the form, including instructions for form.

Taxable vs Non-Taxable Income: 16 Sources of Non-Taxable Income in 2023

What's the difference between taxable and non-taxable Income? And what are the examples of nontaxable income? Learn all answers in our guide!

All You Need to Know about IRS Audit: Audit Types and Reasons You Might Get Audited

When the IRS notifies a taxpayer of an impending audit, your reaction is dread. Read and get a knowledge of how you can get rid of alarm!

How to Set Up a Payroll System for Your Business: 2022 Guide

Setting up payroll for a small business is a crucial step. Once you understand what payroll is, you can get down to business setting up your system. Let's read on!

What Is a 1040 Form and How to File It: Form 1040 U.S. Individual Income Tax Return 2022

Have a hard time choosing the form to declare your annual income? Do you know what the 1040 tax form is? Read more about it in our new article!

Do You Need to Hire a CPA for Your Business?

Today many people do their taxes and keep their own books. If you have a small business you'd better have an accountant for it. Read this post if you doubt it!

Accountant vs CPA: Which to Choose for Your Business

As a business owner, it’s not possible for you to be in charge of every aspect of your business. Here is our guide on differences between accountant and CPA!

Tax Season 2022: What You Need to Know Before Filing Taxes

Tax season is coming and you need to file a tax return? Here is our full guide on taxes in 2022: read how and when to file taxes and turn to professionals for help!