Tax reform has been making headlines for the past few months, but you may have overlooked the drastic changes it will have on international tax and foreign transactions. There are many significant changes that affect both individuals and businesses...

With tax filing season already upon us, there are many changes that Illinois tax filers may want to keep in mind when filing their 2017 tax returns and when planning for the 2018 filing season. This article highlights a handful of changes that will...

Tax reform has arrived with some changes that could have a big impact on your bottom line. Itemized deductions have changed drastically with all of the new limitations and eliminations and with the standard deduction increasing to $24,000 for...

Beginning 2018, income tax withholdings have changed and employers should become familiar with the new Percentage Method Tables for Income Tax Withholdings. Please note there is a separate table for nonresident alien employees. Due to tax reform...

January 2018 – The Tax Cuts and Jobs Act has altered many provisions related to a business's ability to deduct expenses incurred for travel, meals, and entertainment. The new provisions will apply to expenses incurred after December 31, 2017...

December 2017 – President Trump followed through with his promise of tax reform by year-end. This is the biggest overhaul of the code in more than 30 years and though public opinion hasn’t been overwhelmingly supportive of the bill, it is...

November 2017 – Congress is moving full steam ahead with their overhaul of the tax code. After the release of the House GOP tax proposal last week (for details on that proposal, please see our prior Tax Alert), the Senate has offered up...