Illinois Speaker of the House Attempts to Extend EDGE Tax Credits to Small Businesses

The Economic Development for a Growing Economy (EDGE) tax credit program provides tax credits and incentives to companies operating in Illinois. EDGE has served as a key bargaining tool that has allowed the legislature to persuade companies to relocate to Illinois, while also making sure that corporations already operating within the state stay put. Critiques […]

“Fair Tax” Could Extend Some Relief to Illinois’ Small Businesses

The effects of the 2008 economic downturn can still be seen throughout the state of Illinois. No sector has been as toughly hit as local area small businesses. However, progressive tax amendments proposed in Illinois could have wide reaching implications, that could even decrease small businesses tax liability. Many believe that these progressive tax amendments […]

The Small BREW Act May Provide Tax Relief to Local Breweries

Illinois’ local brewery business is booming. In the last few decades local beer brewers have emerged as some of the region’s most successful small businesses. Many of these local brewers ship their beers across the country, while also maintaining a local presence through flagship restaurant locations throughout the state. State legislatures are acknowledging the positive […]

The Confusion Regarding Corporate Tax Payments in Illinois

At the end of January, Illinois Speaker of the House Michael Madigan submitted a proposal aimed at cutting the corporate income tax in half. This move has been viewed somewhat pessimistically because three years before, Madigan was responsible for substantially increasing the income tax rate for Illinois companies. However, over the past year, Madigan has […]

For the Love of the Land

Sometimes a person owns some acreage that they may have either purchased or inherited. This acreage is really special, as it is beautiful, natural or untouched. If you are that person, you may want to preserve its beauty and make sure that it does not just become another subdivision. What step can you take now […]

Another Type of Audit is Coming for Certain Businesses

Several years ago, Congress passed the Health Insurance Portability and Accountability Act, referred to as HIPAA for short. This purpose of this law is in part the protection of health care information for individuals. This is a privacy issue and a data security issue. Many of the readers of this article may have had to […]