News & Resources

Last Call for Lease Accounting

  The updated lease accounting standard is currently in effect for private companies. After several postponements during the pandemic, the Financial Accounting Standards Board (FASB) voted unanimously to move forward with the changes. That means private companies and private not-for-profit

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How Disability Income Benefits Are Taxed

  If you’ve recently begun receiving disability income, you may wonder how it’s taxed. The answer is: It depends. The key issue is: Who paid for the benefit? If the income is paid directly to you by your employer, it’s

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Tax Law Changes: Reconciliation Bill

  After a long negotiation, Senators Joe Manchin and Chuck Schumer announced they had come to an agreement on the Reconciliation Bill yesterday evening. While no details are available at this time, it is widely reported there will be significant

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How to Pay Your State and Federal Taxes Online

  To pay your state and federal taxes online, click your state below.   Individuals Corporate FEDERAL FEDERAL WASHINGTON D.C. WASHINGTON D.C. ALABAMA ALABAMA ALASKA ARIZONA ARIZONA ARKANSAS CALIFORNIA CALIFORNIA COLORADO COLORADO CONNECTICUT CONNECTICUT DELAWARE DELAWARE FLORIDA GEORGIA (Estimates Only)

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Five Tax Implications of Divorce

  Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related

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Transparency in Coverage

  Follow this link https://www.anthem.com/machine-readable-file to the Somerset CPA Health Plan’s publicly available machine-readable files as required by the Transparency in Coverage federal regulations.

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OAK Orthopedics Open House

  OAK Orthopedics’, a division of Illinois Bone & Joint Institute, new medical office building and surgery center located in Bourbonnais, Illinois opened in November 2021. In April of this year, the group held a grand open house to celebrate

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