How You Spend Your Tax Refund to Improve Your Financial Situation

I believe our job as accountants is not simply to prepare a client’s tax returns, but also to help our clients manage personal tax issues and financially succeed.  Preparing tax returns may be considered a commodity service, however, understanding the client’s...

Illinois Income Tax In Focus

Back in 2011, Illinois raised its personal income tax rate a whopping 66%, increasing the long held 3% state tax rate to 5%. This tax increase has hit many small and medium size businesses, as the majority of these businesses are “flow-through” entities...

Corporate Tax Inversions: 2014 Tax Planning In Vogue

The latest headlines in tax news have been dominated by the buzz of transactions known as corporate inversion transactions, the most notable being a contemplated inversion by Walgreens Co. What in the world is an inversion may you ask? Read below to find out. Tax...

OECD Release of First BEPS Recommendations

OECD’s release of first BEPS recommendations to G20 for international approach to combat tax avoidance by multinationals On September 16, 2014, the Organization for Economic Co-operation and Development (“OECD”), released its first recommendations for a coordinated...

BEPS – Base Erosion and Profit Shifting

The BEPS (Base Erosion and Profit Shifting) project is ambitious, large and complicated. Many countries are committed to it but some countries are considering their own multinational taxation strategies outside the limits of the OECD (Organization for Economic...