Updated April 2018 Sometimes we aren’t quite as prepared for tax time as we’d like to be! Which is why knowing how to file a tax extension comes in handy. Tax payments however, except in a few special cases, cannot be granted a time extension and the due date is April 18 (for individuals) to […]
Blog
Understanding State Tax Law for Individuals in Illinois
Each state has slightly different tax laws for individuals, so we will cover some of the most important basics of Illinois state tax law here to give you a better understanding of your tax return, and tax savings you might be missing out on! Side note: your tax refund may take a little longer to […]
Understanding State Tax Law For Businesses: Illinois
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. […]
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 […]