There are generally 4 types of 1099’s that you may receive as a healthcare provider. By now, you have probably received quite a few. Here is what you need to look for when reviewing them: 1099-MISC Look at the Recipient TIN field. Verify that this is your business tax ID. If it is your Social […]
1099’s-What to Look For Read More »
Effective January 1, 2020, Illinois employers are required to provide sexual harassment prevention training to all employees each year. While there is no set requirement for Indiana employers, you may still want to review the information below. The annual required sexual harassment training must include: An explanation of sexual harassment. Examples of conduct that constitutes
Required Sexual Harassment Training for All Illinois Employers Read More »
There has been an increase in unemployment claims this year due to COIVD-19. Unfortunately, this has also led to an increase in fraud/identity theft. See the steps below that you and your employee should take if this happens to you: Illinois Employer Follow the instructions on the notice of claim letter that you receive and
Unemployment Fraud Read More »
SALT TAX WORKAROUND On August 27, Governor Pritzker signed into law Senate Bill 2531, which institutes a method for owners of Partnerships and S-Corporations (Pass Through Entities or PTE’s) to deduct income taxes beyond the Federal $10,000 limit for taxpayers who itemize deductions on their Form 1040. This workaround has also been instituted in many other states as
State Income Tax Deduction Limit Workaround Signed into Law in Illinois Read More »
