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What Is Financial Scenario Planning and Why Does It Matter?
Key Takeaways Financial scenario planning helps business owners prepare for multiple possible outcomes instead of relying on a…
Strengthening Your Chart of Accounts for Clearer Financial Insights
Key Takeaways An outdated reporting structure can reduce the accuracy and usefulness of financial reports. Aligning your chart…
5 Tax Planning Opportunities High-Income Business Owners Should Evaluate in 2026
Key Takeaways Recent tax law changes have created new planning opportunities for high-income business owners. Pass-through entity elections…
When Should Business Owners Start Mid-Year Tax Planning? [Ask a DHJJ CPA Episode 8]
Tax season may end in April, but tax planning shouldn’t. Many business owners file their tax return and…
Sales Tax Increase Takes Effect August 1, 2026, in Six Northern Illinois Counties
Key Takeaways Sales tax rates are increasing on August 1, 2026, for taxable sales in Cook, DuPage, Kane,…
What is the Best Way for a Foreign Company to Open a U.S. Subsidiary?
Learn how foreign companies can open a U.S. subsidiary the right way, including navigating tax treaties, transfer pricing,…
IEEPA Tariff Refunds: What Importers Need to Know About Eligibility, Deadlines, and Tax Implications
Written by Dave McGuire of McGuire Sponsel Key Takeaways Only IEEPA tariffs qualify for refunds. Not all tariffs…