On behalf of Farrell, Hamilton & Julian, P.C. | Sep 3, 2019 | tax law
No business owner wants to receive a tax audit notice in the mail. However, the proper preparation and advice can relieve some of the stress that comes from facing IRS scrutiny. When you learn your business faces an audit, try these four tips to help the process go as...
On behalf of Farrell, Hamilton & Julian, P.C. | Apr 13, 2019 | Firm News, tax law
If you are like many residents in Illinois, you may find yourself facing a large federal income tax bill that you are not able to pay in full by April 15. In situations like this, it is important to understand your options in order to avoid amassing a high level of...
On behalf of Farrell, Hamilton & Julian, P.C. | Feb 8, 2019 | Firm News, tax law
According to Illinois Policy, businesses with less than 50 employees created the vast majority of new jobs in the state of Illinois, accounting for 83 percent of new job growth in 2017. In fact, small businesses, which generated nearly 130,000 new jobs between 2011...
On behalf of Farrell, Hamilton & Julian, P.C. | Oct 16, 2018 | Firm News, tax law
At one point, you may receive a letter from the IRS informing you of an audit on your Illinois business. This can be unnerving, but it does not have to be if you prepare for it. One thing to keep in mind, according to H&R Block, is the process can be lengthy...
