“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 […]

Common Tax Write-Offs for Business Owners

Owning a small business has many advantages, not the least of which is the fact that business ownership can result in a decreased tax burden. Depending on the type of organization you have set up, you may be able to take advantage of one or more of the following common deductions for business owners: Business […]