Category Archives: Business Current Events

Potential Urgent Action: Illinois Paid Leave Requirement for Employees

Do you have employees in Illinois? If you answered yes, this is one blog post that you won’t want to ignore.   Starting on January 1, 2024, employers of all sizes will be required to provide up to 40 hours of paid leave (used for any purpose) during a 12-month period to their Illinois employees […]

Why influencers shouldn’t blindly trust social media for accounting and expenses advice.

  TikTok is a money-maker but a shady CPA.  There’s a lot of business and accounting advice on social media at the moment and if you’re an influencer, you probably know what we’re talking about. In particular, there are a few viral videos playing fast and loose with half-truths relating to S corps, business expenses, […]

How do I know if my documents are secure?

The internet has never been a more vital or more risky place to be. With more and more businesses moving to completely remote work and an increase in eCommerce sales of nearly 15% in just one year, having a digital presence for your business is vital. At the same time, it seems like every day […]

I missed my 1099s deadline. What do I do now?

You’ve just received a heartstopping email. One of your vendors is asking why you didn’t send them their 1099. The deadline has long since passed, and now you’re half expecting the IRS to bang down your door threatening audits and penalties. What do you do? Don’t panic Around February of every year, we see a […]

Are my client gifts tax deductible?

      Nothing gets us all in the giving mood like the holiday season. After a long year, you’re looking to spread a little extra cheer and goodwill to your employees, clients, and associates in the form of some thoughtful gifts. But you find yourself wondering: is that box of chocolates or basket of […]

The Mini-MBA for Creative Entrepreneurs: Minding Your Business

You’ve got something unique. The W2, 9-5 life has never been your style, so you’re striving to transform your creative passion into a business. But let’s face it: nobody prepared you for this. You don’t know where to start, and your Google search results just aren’t cutting it. Neither are the Instagram Lives, the TikToks […]

Buying Black this Black Friday

Small business owners need your support. These are the makers and doers who live in our neighborhood. Our kids go to school together. And there’s a good chance that they’ve had an exceptionally hard year. Black-owned businesses can especially use your support. At one point during the COVID-19 pandemic, Black-owned businesses were twice as likely […]

EIDL Loan Terms: Having just signed my docs, here’s what to know (updated 3/21/21)

UPDATE 3/21/2021 It’s now coming up on a year from the initial posting where we shared our experience of applying for the EIDL and now we’re nearing the time where many of you are starting to think about repayment. maybe you applied for the funds not knowing how last year was going to turn out […]

Resources for Businesses in the wake of Coronavirus / Covid-19

We’re hoping to provide information and resources to our clients and extended family as information comes to light. This is a rapidly changing environment, with new programs and policies emerging daily, so we’ll do our best to keep this as up to date as possible. If you have additional information or updates to share, please […]