What You Need to Know about the Families First Coronavirus Response Act

President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law temporarily requires certain employers to provide expanded paid sick and family leave for employees affected by the coronavirus (COVID-19) pandemic. Employers’ increased costs will be offset by new tax credits, which also may be available to self-employed […]

Illinois Filing Deadlines Impacted by Federal Extension

While no official announcement by the State of Illinois has been issued at this time, Section 505(b) of the Illinois Income Tax Act states that a taxpayer that is granted an extension to file his federal income tax return for any taxable year will automatically be allowed an extension of the due date of the […]