romolocpa.com RSS Feed http://romolocpa.com/ Take a look at our recent blog posts and client newsletter articles. en-us Fri, 01 Jan 2021 09:00:00 -0600 Fri, 01 Jan 2021 09:00:00 -0600 The COVID-related Tax Relief Act of 2020 http://www.romolocpa.com/newsletter.php#4 The Consolidated Appropriations Act, 2021, which was signed into law on December 27, 2020, contains a number of tax provisions - among them pandemic relief for businesses and individuals. Fri, 01 Jan 2021 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#4 Important Tax Changes for Individuals and Businesses http://www.romolocpa.com/newsletter.php#1 Each year brings changes to current tax law, and this year is no different. From tax rate schedules to health savings accounts and adoption credits, here's what you need to know. Fri, 01 Jan 2021 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#1 Identity Protection PIN Available To All Taxpayers http://www.romolocpa.com/newsletter.php#2 Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to include all taxpayers who can properly verify their identity. Fri, 01 Jan 2021 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#2 Credit Reports: What You Should Know http://www.romolocpa.com/newsletter.php#3 Periodically reviewing your credit report is an effective way to prevent credit card fraud and could alert you to signs of identity theft. Fri, 01 Jan 2021 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#3 Working Remotely Could Affect Your Taxes http://www.romolocpa.com/newsletter.php#3 If you're working remotely from a location in a different state (or country) from your office, you could be facing a tax surprise next year. Tue, 01 Dec 2020 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#3 Small Business: Deductions for Charitable Giving http://www.romolocpa.com/newsletter.php#4 Tax breaks for charitable giving are not limited to individuals; your small business can benefit from them as well. Tue, 01 Dec 2020 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#4 Individual Taxpayers: Recap for 2020 http://www.romolocpa.com/newsletter.php#1 As we close out the year, here's what individuals and families need to know about tax provisions for 2020. Tue, 01 Dec 2020 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#1 Business Tax Provisions: The Year in Review http://www.romolocpa.com/newsletter.php#2 Whether you file as a corporation or a sole proprietor, here's what business owners should keep in mind when it comes to their 2020 taxes. Tue, 01 Dec 2020 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#2 Applying for Tax-Exempt Status as a Nonprofit http://www.romolocpa.com/newsletter.php#5 Whether you're starting a charity, a social organization, or an association there are certain steps you must take before you can apply for tax-exempt status. Tue, 01 Dec 2020 09:00:00 -0600 http://www.romolocpa.com/newsletter.php#5 IL Dept of Commerce Grants for Small Businesses-Applications Open Monday, June 22 http://romolocpa.com/blog.php?id=76 Fri, 19 Jun 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=76 Health Insurance Options for the Recently Unemployed http://romolocpa.com/blog.php?id=75 Health Insurance Options for the Recently Unemployed Fri, 03 Apr 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=75 Employee Retention Tax Credit http://romolocpa.com/blog.php?id=73 Employee Retention Tax Credit Wed, 01 Apr 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=73 Delay in Deposit of Employment Taxes http://romolocpa.com/blog.php?id=74 Delay in Deposit of Employment Taxes Wed, 01 Apr 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=74 The Coronavirus Aid, Relief, and Economic Security (CARES) Ac http://romolocpa.com/blog.php?id=71 The Coronavirus Aid, Relief, and Economic Security (CARES) Ac Mon, 30 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=71 Paycheck Protection Program (PPP) http://romolocpa.com/blog.php?id=70 Paycheck Protection Program (PPP) Mon, 30 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=70 IDES guidance related to unemployment benefit eligibility http://romolocpa.com/blog.php?id=67 IDES guidance related to unemployment benefit eligibility Mon, 30 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=67 EMERGENCY FAMILY AND MEDICAL LEAVE ACT AND THE EMERGENCY PAID SICK TIME ACT http://romolocpa.com/blog.php?id=68 EMERGENCY FAMILY AND MEDICAL LEAVE ACT AND THE EMERGENCY PAID SICK TIME ACT Mon, 30 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=68 DOL Guidance for employers and employees related to COVID-19 http://romolocpa.com/blog.php?id=69 DOL Guidance for employers and employees related to COVID-19 Mon, 30 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=69 CARES Act Recovery Rebates http://romolocpa.com/blog.php?id=72 CARES Act Recovery Rebates Mon, 30 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=72 Updated Advisory on Public Disclosure Reporting in Areas Affected by the Coronavirus (COVID-19) http://romolocpa.com/blog.php?id=66 Updated Advisory on Public Disclosure Reporting in Areas Affected by the Coronavirus (COVID-19) Thu, 26 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=66 DUE DATES for 1040 / IL-1040; Fed & State Estimated Payments http://romolocpa.com/blog.php?id=65 DUE DATES for 1040 / IL-1040; Fed & State Estimated Payments Wed, 25 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=65 Relief from penalties for late sales tax payments for eating and drinking establishements http://romolocpa.com/blog.php?id=60 Short-Term Relief from Penalties for Late Sales Tax Payments due to COVID-19 Virus Outbreak Mon, 23 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=60 Banking - Deposits over $250,000 http://romolocpa.com/blog.php?id=59 Banking - Deposits over $250,000 Mon, 23 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=59 Short Term Disability Policies http://romolocpa.com/blog.php?id=56 Short Term Disability Policies Thu, 19 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=56 Business Tax Returns - No Change in Due Date http://romolocpa.com/blog.php?id=54 Business Tax Returns - No Change in Due Date Thu, 19 Mar 2020 09:00:00 -0500 http://romolocpa.com/blog.php?id=54 2020 Mileage Rates http://romolocpa.com/blog.php?id=45 2020 mileage reimbursement rates Mon, 06 Jan 2020 09:00:00 -0600 http://romolocpa.com/blog.php?id=45 Optional PIN for 2019 Personal 1040 Tax Return http://romolocpa.com/blog.php?id=44 Optional PIN for 2019 Personal 1040 Tax Return Thu, 19 Dec 2019 09:00:00 -0600 http://romolocpa.com/blog.php?id=44 2019 New Illinois Regulations for Employers http://romolocpa.com/blog.php?id=42 2019 New Illinois Regulations for Employers Mon, 28 Jan 2019 09:00:00 -0600 http://romolocpa.com/blog.php?id=42 2019 Mileage Rates http://romolocpa.com/blog.php?id=40 2019 mileage rates Fri, 21 Dec 2018 09:00:00 -0600 http://romolocpa.com/blog.php?id=40 Multi-State Sales Tax Law http://romolocpa.com/blog.php?id=39 Multi-State Sales Tax Law Mon, 01 Oct 2018 09:00:00 -0500 http://romolocpa.com/blog.php?id=39 2018 W-4 Update http://romolocpa.com/blog.php?id=38 2018 W-4 Update Wed, 31 Jan 2018 09:00:00 -0600 http://romolocpa.com/blog.php?id=38 2018 Withholding Tables & W-4 http://romolocpa.com/blog.php?id=37 2018 Withholding Tables & W-4 Thu, 18 Jan 2018 09:00:00 -0600 http://romolocpa.com/blog.php?id=37 2017 W2s required to be e-filed to Illinois by January 31, 2018 http://romolocpa.com/blog.php?id=36 2017 W2s required to be e-filed to Illinois by January 31, 2018 Tue, 09 Jan 2018 09:00:00 -0600 http://romolocpa.com/blog.php?id=36 State Income Tax and Real Estate Tax Prepayments http://romolocpa.com/blog.php?id=35 Answers to questions regarding state and real estate taxes as pertaining to tax bill proposed by Congress. Tue, 19 Dec 2017 09:00:00 -0600 http://romolocpa.com/blog.php?id=35 2018 Mileage Rates http://romolocpa.com/blog.php?id=34 2018 Mileage Rates Tue, 19 Dec 2017 09:00:00 -0600 http://romolocpa.com/blog.php?id=34 Annual Payroll Seminar presented by Joe Romolo http://romolocpa.com/blog.php?id=33 Annual Payroll Seminar presented by Joe Romolo, December 6 or 12, East Peoria, Illinois Fri, 27 Oct 2017 09:00:00 -0500 http://romolocpa.com/blog.php?id=33 Illinois State Tax Changes http://romolocpa.com/blog.php?id=32 Illinois state tax changes Fri, 14 Jul 2017 09:00:00 -0500 http://romolocpa.com/blog.php?id=32 NEW ILLINOIS WITHHOLDING RATE EFFECTIVE IMMEDIATELY http://romolocpa.com/blog.php?id=31 ILLINOIS WITHHOLDING RATE 4.95% EFFECTIVE JULY 1, 2017 Mon, 10 Jul 2017 09:00:00 -0500 http://romolocpa.com/blog.php?id=31 Summer hours http://romolocpa.com/blog.php?id=30 summer hours Thu, 01 Jun 2017 09:00:00 -0500 http://romolocpa.com/blog.php?id=30 ACA Information Return Filing Deadlines http://romolocpa.com/blog.php?id=29 ACA Information Return Filing Deadlines Mon, 16 Jan 2017 09:00:00 -0600 http://romolocpa.com/blog.php?id=29 New Law Allows HRAs under Affordable Care Act http://romolocpa.com/blog.php?id=28 New Law Allows HRAs under Affordable Care Act Mon, 19 Dec 2016 09:00:00 -0600 http://romolocpa.com/blog.php?id=28 2017 standard mileage rate http://romolocpa.com/blog.php?id=27 2017 standard mileage rates Wed, 14 Dec 2016 09:00:00 -0600 http://romolocpa.com/blog.php?id=27 Full-time Equivalent (FTE) Employee Calculator http://romolocpa.com/blog.php?id=26 Link to healthcare.gov 's page to calcualte full-time equivalent employees Mon, 24 Oct 2016 09:00:00 -0500 http://romolocpa.com/blog.php?id=26 Changes to White Collar Exemptions in Overtime Rules http://romolocpa.com/blog.php?id=25 Wed, 08 Jun 2016 09:00:00 -0500 http://romolocpa.com/blog.php?id=25 New Due Date for 2016 Form 1099-MISC http://romolocpa.com/blog.php?id=24 New deadline for 2016 forms 1099-MISC with box 7 Thu, 05 May 2016 09:00:00 -0500 http://romolocpa.com/blog.php?id=24 Tax Extenders http://romolocpa.com/blog.php?id=23 Tax Extenders Fri, 18 Dec 2015 09:00:00 -0600 http://romolocpa.com/blog.php?id=23 IRS Raises Tangible Property Expensing Threshold http://romolocpa.com/blog.php?id=22 IRS Raises Tangible Property Expensing Threshold Fri, 18 Dec 2015 09:00:00 -0600 http://romolocpa.com/blog.php?id=22 2016 Mileage Rates http://romolocpa.com/blog.php?id=21 2016 Mileage Rates Fri, 18 Dec 2015 09:00:00 -0600 http://romolocpa.com/blog.php?id=21 2015 Year End Filing Requirements and Mileage Statement Memo available http://romolocpa.com/blog.php?id=20 2015 Year End Filing Requirements Fri, 30 Oct 2015 09:00:00 -0500 http://romolocpa.com/blog.php?id=20 ACA Reporting Requirements for Large Employers http://romolocpa.com/blog.php?id=19 ACA reporting requirements for large employers for 2015 due in 2016 Tue, 22 Sep 2015 09:00:00 -0500 http://romolocpa.com/blog.php?id=19 2015 Illinois Tax Changes http://romolocpa.com/blog.php?id=18 2015 Illinois Tax Changes Fri, 02 Jan 2015 09:00:00 -0600 http://romolocpa.com/blog.php?id=18 Tax Extenders http://romolocpa.com/blog.php?id=17 Tax Extenders Tue, 23 Dec 2014 09:00:00 -0600 http://romolocpa.com/blog.php?id=17 2015 Mileage Rates http://romolocpa.com/blog.php?id=16 2015 IRS Mileage Rates Thu, 11 Dec 2014 09:00:00 -0600 http://romolocpa.com/blog.php?id=16 Raffles & Giveaways http://romolocpa.com/blog.php?id=15 Rules relating to raffles and giveaways Mon, 17 Nov 2014 09:00:00 -0600 http://romolocpa.com/blog.php?id=15 Form 8822-B Change of Address or Responsible Party http://romolocpa.com/blog.php?id=14 Form to notify IRS of change in address or responsible party. Thu, 03 Jul 2014 09:00:00 -0500 http://romolocpa.com/blog.php?id=14 Deducting and Capitalizing Business Expenses Under Final Regulations http://romolocpa.com/blog.php?id=13 Fri, 27 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=13 Section 125 Plan and HRA Changes Effective 1/1/2014 http://romolocpa.com/blog.php?id=12 Thu, 19 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=12 SUTA - Employer Monthly Wage Reporting http://romolocpa.com/blog.php?id=8 Wed, 18 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=8 Medicare Rate for High Wage Earners http://romolocpa.com/blog.php?id=10 Wed, 18 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=10 Illinois Worker Classification http://romolocpa.com/blog.php?id=6 Wed, 18 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=6 Health Care W-2 Reporting http://romolocpa.com/blog.php?id=9 Wed, 18 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=9 Defense of Marriage Act & Fringe Benefits/FICA tax http://romolocpa.com/blog.php?id=7 Wed, 18 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=7 2014 Mileage Rates http://romolocpa.com/blog.php?id=5 Wed, 18 Dec 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=5 Welcome! http://romolocpa.com/blog.php?id=4 Thu, 21 Nov 2013 09:00:00 -0600 http://romolocpa.com/blog.php?id=4