by apexcpas | Feb 5, 2026 | Business Strategies, Tax Planning
Illinois’ Pass-Through Entity Tax (PTET) election can create meaningful federal tax savings for some S corporations and partnerships—but it’s not a universal win. The rules are technical, the math matters, and the wrong election can actually make things worse. Below...
by apexcpas | Jan 15, 2026 | Business Strategies, Tax Planning
Illinois R&D Tax Credit for Manufacturers: 5 Practical Steps to Claim It If you run a manufacturing shop in Illinois, you already know improvement rarely looks like a lightbulb moment. It’s more like a series of small, gritty wins: a fixture redesign that stops...
by apexcpas | Dec 10, 2024 | News
Important Update on Beneficial Ownership Information (BOI) Reporting We wanted to provide a timely update on the status of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA). Recently, a federal judge in Texas...
by apexcpas | Mar 26, 2024 | Tax Planning
The Benefits of Extending Your Taxes In the whirlwind of life, the annual tax deadline can sneak up on anyone. Despite the static April 15 Tax Day in the United States, a considerable number of taxpayers find themselves in a last-minute rush to gather their financial...
by apexcpas | Dec 4, 2023 | News
It’s that time of year again: tax season. As we move into 2023, there are a few key dates and details to keep in mind as you begin preparing your taxes. First, it’s important to know when you can start filing your 2023 taxes. The IRS has announced that...
