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Simplified 1040

Because of the Tax Cuts and Jobs Act (TCJA), it is believed that more taxpayers will be embolden up to 90% of taxpayers, by some estimates—to prepare their own tax returns for 2018. With the simplification of the Form 1040, it is believed that more people will use the...

W-9

With less than two months of the year remaining, now is the time to look towards the year end for tax issues and year end planning. First businesses should be making sure that they have valid up to date W-9’s for all of the Independent Contractors that they utilize. ...

Return on investment – politicians

We have Democrat Billionaire JB Pritzker officially spending more personal money than any other person in history to get himself appointed governor of Illinois ($161.5 million).  What will be his “return on investment”?  I for one do not believe that there is not a...

Data

The relevance of your current data is important to the running of a successful business, especially when it starts growing larger and larger.  I have a manufacturing client that has revenues that exceed $2MM.  Unfortunately they do not keep their data in the most...

Small Business Banking

Sad as I am to admit it, I have current clients that have at best mediocre relationships with their bank. A couple of client’s in recent times have had their bank reduced “lines of credit” by at least half.  Where the banks were attempting to get the clients to leave...

Words heard

Podcasts, I listen to one with great anticipation, its current incarnation is “Under the Influence” with Terry O’Reilly.  This past year I missed several episodes and so I am planning on purchasing them from iTunes (I hate iTunes since they don’t always work with...

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