As we all are aware, each state differs in the way they handle taxes for businesses. In this post we will focus on Illinois tax law, starting at a high level and working down to some key details which may spark some creative thinking for what you can do to decrease your business’s tax contribution. […]
Blog
List of Tax Deductions You Don’t Want to Miss
Updated July 2018 We all love saving money right? Especially when it comes to taxes! Here is a list of a few federal tax deductions and tax credits that you might have missed out on last year that you might be able to take advantage of. Commonly Missed Tax Write Offs Standard Deduction This depends […]
List of the Best Tax Deductions for Businesses
Business owners are often hit hard with taxes, which is why deductions and credits are so important to keep track of over the tax year, to minimize as much as possible what you’ll be handing over at the end of your business year. Business Tax Credits Plug-In Electric Drive Vehicle Credit See if your electric […]
D&M Accounting Staying Updated With the Changing Tax Law
2016 shaped up to be a busy but successful year for D&M Accounting, and 2017 is looking even more exciting as we prepare for the very busy 2017 tax season! What do accountants do? Our dedicated staff attended a number of events to strengthen and build on their knowledge base, ensuring they’re always completely up-to-date […]
7 Tips for Early Tax Prep
It takes a special kind of person to get excited about tax time. In fact, many of us tend to loath this time of the year… finding all the crinkled receipts… squinting at the faded ink as you decipher what it might have said 8-11 months ago… Discovering things you tried to forget about… when […]
What You Need to Know About Federal Tax Law for Individuals
Updated June 2018 Do you go the easy route when it comes to filing your federal taxes? Complicating things may not seem like the way you want to go considering it might mean you can’t file on your own. However, the “complex” part actually is all about you keeping more of your hard earned money. Which […]
