Serving Central Illinois
Check out the collection of articles and news updates assembled by Myers & Myers CPA for your reference. From business news and financial planning to tax updates and stock market news, we've assembled a variety of useful information for you.
Top regulatory issues for small businesses in 2017
How to help your clients decide if it’s time to incorporate or form an LLC
January is the most logical start date for a new LLC or corporation since it eases the paperwork burden. Your clients can start fresh in the new year with their new legal structure and don’t have to worry about reporting taxes as two different entities for the tax year."
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Most family businesses lack succession plans
"Only 23 percent of family businesses have a robust succession plan in place, according to a new report from PricewaterhouseCoopers, with 46 percent of the family businesses polled saying they are reluctant to pass the business to the next generation."
IRS warns of new email scam targeting tax pros
"The Internal Revenue Service, along with the state tax authorities and tax industry companies that are part of its Security Summit, issued a warning Wednesday to tax professionals to beware of a new two-stage email scam from cybercriminals who are posing as clients soliciting tax services."
Protect Your Clients; Protect Yourself
"No one entity can fight this crime alone. It takes all of us, working together."
Preventing tax-related ID theft
"As the owner of a small tax office business, I see tax-related identity theft among others often, but when it happened to my employees as well, I decided to expand the responsibilities of my business to become tax protectors as well as tax preparers."
Why Republican tax reform could be a U.S. copporate bond bonanza
"The $8.55 trillion U.S. corporate bond market has bucked concerns over mounting company indebtedness and so far resisted fears about the knock-on effects of the potential unraveling of the 35-year-old bull-run in government debt."
Senate Democrats unveil bill requiring Trump to release tax returns
"Senator Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, introduced legislation Wednesday requiring President-elect Donald Trump to release the three most recent years of his tax returns."