Property Tax Prepayment
"In an advisory notice posted to its website on Wednesday, the I.R.S. said that maneuver could work, but only under limited circumstances. To qualify for the deduction, property taxes not only need to be paid in 2017, they must also be assessed in 2017 — meaning that homeowners who prepaid their taxes based on estimated assessments, or who tried to pay several years’ worth of taxes at once, will probably be out of luck." Full article available at http://snip.ly/cjije
State Rolls Back LLC Fees
As of yesterday, there will be a big reduction in startup and annual filing fees for LLCs. This is welcome relief for the Illinois small business community. "The filing fee for new LLCs drops from $500 to $150 and annual report fees drop from $250 to $75." The new legislation also lowers the impact of other fees associated with LLCs. If you're thinking about starting a new business, call our attorneys to set up a consultation today. Full press release available at http://snip
2017 Toy Drive Success
Our firm is happy to announce the 2017 Toy Drive was a success! All toys were dropped off at the Mount Prospect Fire Department for delivery. Many needy local children will enjoy a brighter holiday thanks to the generous donations made by those in our community. Thank you!
