Accounting Articles Index

• Auto Body and Repair

  • Income tax audits in the auto repair industry of Chicagoland

  • Income tax audits in the auto body industry of Chicagoland

  • Sales tax audits in the auto repair industry of Chicago

  • Sales tax audits in the auto body repair industry of Chicago

  • The offer and compromise system and the auto repair industry

  • The offer and compromise system and the auto body shop industry

  • Handling penalties and interest in the auto repair industry

  • Handling penalties and interest in the auto body shop industry

  • Unfiled income tax returns and compliance issues in the auto repair industry

  • Unfiled income tax returns and compliance issues in the auto body shop industry industry

  • Unfiled and unpaid sales taxes in the auto repair industry

  • Unfiled and unpaid sales taxes in the body shop industry

  • Maintaining profitability in the auto repair industry

  • Controlling inventory in the body shop industry

  • Maintaining higher profits in the body shop business

  • Repair expenses vs. capitalized costs in landlord and developer accounting

  • Unfiled or unpaid payroll tax returns in the auto repair industry

  • Unfiled or unpaid payroll tax returns in the body shop industry

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• Business Consulting

  • Can you help get my business to produce profit?

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• Business Continuation Planning

  • What is business continuation planning?

  • What is a bona fide transaction?

  • Why is a business valuation necessary?

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• Daycare and Nursery Schools

  • Income tax audits in the daycare / nursery school industry of Chicagoland

  • The offer and compromise system and the daycare center and nursery school industry

  • Handling penalties and interest in the daycare center / nursery school industry

  • Unfiled income tax returns and compliance issues in the daycare center and nursery school industry

  • Controlling cash in daycare and nursery school accounting

  • Independent contractors in the daycare and nursery school industry

  • Unfiled or unpaid payroll tax returns in the daycare center and nursery school industry

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• E-commerce and Internet Retailers

  • My website is losing money. Do you have an e-commerce solution?

  • Accounting for an e-commerce based business

  • Income tax audits in the e-commerce / internet retailer industry of Chicagoland

  • Sales tax audits in the e-commerce and internet retailer industry of Chicago

  • The offer and compromise system and the e-commerce / internet retailer industry

  • Handling penalties and interest in the e-commerce and internet retailing industry

  • Unfiled income tax returns and compliance issues in the e-commerce and internet retailer industry

  • Unfiled and unpaid sales taxes in the e-commerce and internet retailer industry

  • Unfiled or unpaid payroll tax returns in the e-commerce and internet retailer industry

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• Estate Planning

  • Where do I begin to plan my estate?

  • What is splitting the estate?

  • What is probate?

  • Common mistakes made in small business succession and business continuity planning

  • Estate inheritance planning

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• Ethics

  • Ethical responsibilities and duties of accountants and CPAs to the public interest

  • Ethical responsibilities of CPAs and tax accountants to the client

  • Discipline versus tax evasion and tax evasion delusions

  • Red flag fraud detected in using aggressive accounting

  • Seeking revenge on an ex with an IRS audit

  • Tax fraud, commingling of funds, and potential audit problems

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• Federal Income Tax

  • Comprehensive tax return problems

  • Form 1120S distributions reported on Schedule K-1

  • How to pay off a federal tax lien

  • Form 1120 and 1120S due dates

  • IRS form 1120 and form 1120S mailing address

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• Federal Payroll Tax

  • How to amend Form 941: Quarterly Withholding Tax Return

  • 941 deposit tax liability

  • 941 Short Form EFTPS (Electronic Filing Taxpayers System)

  • What is a 941 Quarterly Withholding Form?

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• Gas and Service Stations

  • Income tax audits of the gas and service station industries of Chicagoland

  • Sales tax audits in the gas station and service station industry of Chicago

  • The offer and compromise system and the gas station and service station industry

  • Handling penalties and interest in the gas station and service station industry

  • Unfiled income tax returns and compliance issues in the gas station and service station industry

  • Unfiled and unpaid sales taxes in the gas station and service station industry

  • Unfiled or unpaid payroll tax returns in the gas station and service station industry

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• General Accounting

  • Why are the dates on financial statements important?

  • Auditing and amending your tax return

  • Minority accounting firms in Chicago

  • Accounting revenue cycle strengths and weaknesses in financial accounting

  • Computer-based accounting in IL

  • Financial statements for a durable goods company

  • Cost accounting basics

  • Cost accounting in Chicago

  • Finding an accounting service or CPA in Chicago

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• Grocery and Convenience Stores

  • Income tax audits in the grocery and convenience store industry of Chicagoland

  • Sales tax audits in the grocery and convenience store industry of Chicago

  • The offer and compromise system and the grocery and convenience store industry

  • Handling penalties and interest in the grocery and convenience store industry

  • Unfiled income tax returns and compliance issues in the grocery store and convenience store industry

  • Unfiled and unpaid sales taxes in the grocery and convenience store industry

  • Controlling cash in the grocery and convenience store industry

  • Controlling inventory in the grocery and convenience store industry

  • Unfiled or unpaid payroll tax returns in the grocery and convenience store industry

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• Illinois Department of Revenue

  • Finding your IBT or the Illinois Tax ID Number of your business

  • Chicago Sales tax rate

  • Delinquent taxpayer liability and the Illinois Department of Revenue

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• Illinois Sales and Use Tax Audit

  • Why was I chosen?

  • Chicago Sales Tax Audits

  • Scheduled tax audits in Chicago

  • What is sales tax?

  • What is use tax?

  • What is an audit?

  • What if I don't have all of my source documents?

  • Sales and Use Tax audit firms

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• Illinois Unemployment

  • What is Illinois Unemployment Tax and how does it affect my business?

  • What happens when a former employee files for unemployment?

  • What does it mean when I am responsible for the unemployment?

  • How should I prepare myself for future claims on Illinois Unemployment?

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• Import / Export Industry

  • Income tax audits in the importing / exporting industry of Chicagoland

  • Sales tax audits in the import / export industry of Chicago

  • The offer and compromise system and the import / export industry

  • Handling penalties and interest in the import / export industry

  • Unfiled income tax returns and compliance issues in the import / export industry

  • Unfiled and unpaid sales taxes in the import / export industry

  • Inventory values in the import / export industry

  • Unfiled or unpaid payroll tax returns in the import / export industry

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• IRS Audit

  • How did I get selected for an IRS Audit?

  • What is the audit process like?

  • What is an audit?

  • What if I don't have all of my source documents?

  • IRS audit questions / business descriptions in an IRS audit

  • An IRS audit on a business' losses

  • IRS audit adjustment

  • Who should attend an IRS audit?

  • How far back in time can the IRS audit?

  • Can the IRS audit me two times in two years?

  • IRS audit payments / Help with IRS and back taxes in Chicago

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• Landlords and Developers

  • Income tax audits of landlords and developers in Chicagoland

  • The offer and compromise system and landlords and developers

  • Handling penalties and interest for landlords and developers

  • Unfiled income tax returns and compliance issues for landlords and developers

  • Handling security deposits in landlord and developer accounting

  • Splitting deductible expenses between buildings and entities in landlord and developer accounting

  • Handling security deposits in real estate management accounting

  • Splitting deductible expenses between buildings in real estate management accounting

  • Unfiled or unpaid payroll tax returns for landlords and developers

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• Lawyers, Legal Practices, and Law Offices

  • Income tax audits in the legal industry of Chicagoland

  • The offer and compromise system and lawyers, legal practices and law offices

  • Handling penalties and interest for lawyers, legal practices and law offices

  • Unfiled income tax returns and compliance issues in accounting for lawyers, legal practices, and law firms

  • Accounting for retainers and trust accounts in the legal professional

  • Billing procedures and bad debts in the legal profession

  • Unfiled or unpaid payroll tax returns for lawyers, legal practices, and law offices

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• Liquor Store and Distribution

  • Income tax audits in the liquor store / liquor distribution industry of Chicago

  • Sales tax audits in the liquor store / liquor distribution industry of Chicago

  • The offer and compromise system and the liquor store / liquor distribution industry

  • Handling penalties and interest in the liquor store / liquor distribution industry

  • Unfiled income tax returns and compliance issues in the liquor store and liquor distribution industry

  • Unfiled and unpaid sales taxes in the liquor store and liquor distribution industry

  • Controlling cash in the liquor store and liquor distribution industry

  • Controlling inventory in the liquor store and liquor distribution industry

  • Unfiled or unpaid payroll tax returns in the liquor store and liquor distribution industry

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• LLCs, LLPs, and Partnerships

  • Form 1065 and individual taxes

  • Corporation LLC and LLP tax audit of limited liability tax returns

  • LLC and LLP financial statements and general accounting

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• Manufacturers and Manufacturing

  • Income tax audits in the manufacturing industry of Chicagoland

  • The offer and compromise system and the manufacturing industry

  • Handling penalties and interest in the manufacturing industry

  • Unfiled income tax returns and compliance issues in the manufacturing industry

  • Unfiled or unpaid payroll tax returns in the manufacturing industry

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• Medical Accounting

  • Medical practice accounting

  • Income tax audits in the medical industry of Chicagoland

  • The offer and compromise system and medical accounting

  • Handling penalties and interest in medical accounting

  • Unfiled income tax returns and compliance issues in medical accounting

  • Special difficulties in medical accounting

  • Investment difficulties in physician accounting

  • Unfiled or unpaid payroll tax returns in the medical accounting industry

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• Non-Filers

  • Unfiled business income taxes

  • Unfiled Illinois sales & use tax returns

  • Non-filers / unfiled federal payroll taxes

  • Non-Filers / Unfiled Unemployment Tax Returns

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• Payroll Tax Problems

  • Employee versus independent contractor determination IRS common law rules

  • Non-filers / unfiled payroll tax returns

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• Pharmacies and Drug Stores

  • Income tax audits in the pharmacy and drug store industry of Chicagoland

  • Sales tax audits in the pharmacy and drug store industry of Chicago

  • The offer and compromise system and the pharmacy and drug store industry

  • Handling penalties and interest in the pharmacy and drug store industry

  • Unfiled income tax returns and compliance issues in the pharmacy and drug store industry

  • Unfiled and unpaid sales taxes in the pharmacy and drug store industry

  • Unfiled or unpaid payroll tax returns in the pharmacy and drug store industry

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• Quickbooks Consulting

  • What should I use my copy of Quickbooks or Peachtree to do?

  • I have a copy of Quickbooks, and the numbers don't make any sense. What should I do?

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• Real Estate Management

  • Income tax audits in the real estate management industry of Chicagoland

  • The offer and compromise system and the real estate management industry

  • Handling penalties and interest in the real estate management industry

  • Unfiled income tax returns and compliance issues in the real estate management industry

  • Unfiled or unpaid payroll tax returns in the real estate management industry

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• Real Estate Taxation

  • 1031 Exchange, Starker Exchange, Like-Kind Exchange, or Tax Free Exchange

  • Accounting for a Reverse 1031, Starker, Like - Kind, or Tax Free Exchange

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• Recessions

  • Getting your company through a recession

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• Record Keeping / Bookkeeping

  • How long do I need to keep my records

  • Which records should I keep?

  • Should I try to do my own income statement and balance sheet?

  • Tax accountant and CPA contact- how accessible should my CPA be?

  • Basic accounting procedures

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• Recycling Industry

  • The offer and compromise system and the recycling industry

  • Handling penalties and interest in the recycling industry

  • Unfiled income tax returns and compliance issues in the recycling industry

  • Income tax audits in the recycling industry of Chicagoland

  • Unfiled or unpaid payroll tax returns in the recycling industry

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• Repair Service Industry

  • The offer and compromise system and the repair industry

  • Handling penalties and interest in the repair service industry

  • Unfiled income tax returns and compliance issues in the repair service industr

  • Income tax audits of repair services in Chicagoland

  • Unfiled or unpaid payroll tax returns in the repair service industry

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• Retail Stores

  • Income tax audits in the retail store industry of Chicago

  • Sales tax audits in the retail store industry of Chicago

  • The offer and compromise system and the retail industry

  • Handling penalties and interest in the retail store industry

  • Unfiled income tax returns and compliance issues in the retail industry

  • Unfiled and unpaid sales taxes in the retail industry

  • Unfiled or unpaid payroll tax returns in the retail industry

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• Small Businesses

  • Sales tax audits of small businesses in Chicagoland

  • The offer and compromise system and small businesses

  • Handling penalties and interest in small businesses

  • Unfiled income tax returns and compliance issues in the small business sector

  • Unfiled and unpaid sales taxes in small business

  • Income tax audits of small businesses in Chicagoland

  • Unfiled or unpaid payroll tax returns in the small business industry

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• Tax Planning

  • What is tax planning?

  • Corporate tax planning checklist

  • What time of year should my accountant do tax planning?

  • Close corporation tax planning, strategies, and solutions

  • Tax strategies, solutions, and advice for business clients

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• Transportation, Trucking, and Delivery Services

  • Income tax audits in the transportation industry of Chicagoland

  • The offer and compromise system and the transportation, trucking and delivery service industries

  • Handling penalties and interest in the transportation, trucking, and delivery service industries

  • Unfiled income tax returns and compliance issues in the transportation, trucking, and delivery service industries

  • Unfiled or unpaid payroll tax returns in the transportation, trucking and delivery service industry

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• Trusts

  • What is a trust?

  • What are the income tax rates?

  • What kind of trust is best for me or my situation?

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• Used Car Dealership and Financing

  • Income tax audits in the used car dealership and financing industry of Chicagoland

  • Sales tax audits in the used car industry of Chicago

  • The offer and compromise system and the used car dealership and financing industry

  • Handling penalties and interest in the used car dealership and financing industry

  • Unfiled income tax returns and compliance issues in the used car dealership and financing industry

  • Inventory management in the used car dealership industry

  • Controlling cash in the used auto financing industry

  • Completing an auditable sales tax return in the gas and service station industry

  • Controlling theft in gas and service station industry

  • Unfiled or unpaid payroll tax returns in the used car dealership and financing industry

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• Wholesale / Distribution Industry

  • Income tax audits in the wholesale / distribution industry of Chicagoland

  • Sales tax audits in the wholesale / distribution industry of Chicago

  • The offer and compromise system and the wholesale / distribution industry

  • Handling penalties and interest in the wholesale / distribution industry

  • Unfiled income tax returns and compliance issues in the wholesale / distribution industry

  • Unfiled and unpaid sales taxes in the wholesale / distribution industry

  • Unfiled or unpaid payroll tax returns in the wholesale / distribution industry

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