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Stay up to date with the most recent industry news and what’s happening at Topel Forman
The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?
The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation ...
Topel Forman, LLC Recognized as a Top Workplace for the Second Consecutive Year
Topel Forman is thrilled to announce that we have been named a Top Workplace for the second consecutive year. This ...
Tax Planning: Timing Income and Expenses
Strategic timing of income and expenses can be a game-changer in tax planning. Will helps navigate the intricacies, offering insights for individuals looking to optimize their tax liability.
Illinois Electric Vehicle Rebate Program
The Illinois Environmental Protection Agency (IEPA) is offering a rebate of $4,000 to Illinois residents who purchase a new or used all-electric vehicle from an Illinois licensed dealer. The rebate is available for the purchase of any make or model of all-electric vehicle, including cars, SUVs, and trucks.
Plan now for year-end gifts with the gift tax annual exclusion
By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate within generous limits without triggering any estate or gift tax. The exclusion amount for 2023 is $17,000.
Topel Forman Recognized as a Best of The Best Firm
Topel Forman Recognized as a Best of The Best Firm
Chicago, August 2023 - Topel Forman is proud to announce ...
The Corporate Transparency Act
The Corporate Transparency Act (CTA) was passed in 2021. It requires certain entities to report information about their beneficial owners to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). Reporting under the CTA will begin on January 1, 2024, and FinCEN is currently not accepting any beneficial ownership information reports until that date.
Solo business owner? There’s a 401(k) for that
With a solo 401(k), the self-employed can make large annual deductible contributions to a qualified (that is, tax-advantaged) retirement account. However, this prime nest-egg-building opportunity comes with some administrative complexity.
Residency and Multi-State Income Taxation
The determination of residency for multi-state income taxation is a complex issue, and there is no one-size-fits-all answer. However, there are a few key factors that states consider when determining residency.
Achieving the right balance of working capital
The amount of working capital your company needs depends on the costs of your sales cycle, upcoming operating expenses and current repayments of debts.
Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return
Upcoming tax deadlines include April 1: last day to begin receiving RMDs and April 18: deadline for making the first quarterly estimated tax payment for 2023.
Close-up on sources of substantive audit evidence
Organizations that understand how auditors verify account balances and transactions can minimize disruptions ...
No results found.
The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?
The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation ...
Topel Forman, LLC Recognized as a Top Workplace for the Second Consecutive Year
Topel Forman is thrilled to announce that we have been named a Top Workplace for the second consecutive year. This ...
Tax Planning: Timing Income and Expenses
Strategic timing of income and expenses can be a game-changer in tax planning. Will helps navigate the intricacies, offering insights for individuals looking to optimize their tax liability.
Illinois Electric Vehicle Rebate Program
The Illinois Environmental Protection Agency (IEPA) is offering a rebate of $4,000 to Illinois residents who purchase a new or used all-electric vehicle from an Illinois licensed dealer. The rebate is available for the purchase of any make or model of all-electric vehicle, including cars, SUVs, and trucks.
Plan now for year-end gifts with the gift tax annual exclusion
By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate within generous limits without triggering any estate or gift tax. The exclusion amount for 2023 is $17,000.
Topel Forman Recognized as a Best of The Best Firm
Topel Forman Recognized as a Best of The Best Firm
Chicago, August 2023 - Topel Forman is proud to announce ...
The Corporate Transparency Act
The Corporate Transparency Act (CTA) was passed in 2021. It requires certain entities to report information about their beneficial owners to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). Reporting under the CTA will begin on January 1, 2024, and FinCEN is currently not accepting any beneficial ownership information reports until that date.
Solo business owner? There’s a 401(k) for that
With a solo 401(k), the self-employed can make large annual deductible contributions to a qualified (that is, tax-advantaged) retirement account. However, this prime nest-egg-building opportunity comes with some administrative complexity.
Residency and Multi-State Income Taxation
The determination of residency for multi-state income taxation is a complex issue, and there is no one-size-fits-all answer. However, there are a few key factors that states consider when determining residency.
Achieving the right balance of working capital
The amount of working capital your company needs depends on the costs of your sales cycle, upcoming operating expenses and current repayments of debts.
Two important tax deadlines are coming up — and they don’t involve filing your 2022 tax return
Upcoming tax deadlines include April 1: last day to begin receiving RMDs and April 18: deadline for making the first quarterly estimated tax payment for 2023.
Close-up on sources of substantive audit evidence
Organizations that understand how auditors verify account balances and transactions can minimize disruptions ...
No results found.
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