News & Resources

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 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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IRS Increases Mileage Rate for Remainder of 2022

  The Internal Revenue Service announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business

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Is It a Good Time for a Roth Conversion?

  The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional

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Contingent Liabilities: To Report or Not to Report?

  Disclosure of contingent liabilities — such as those associated with pending litigation or government investigations — is a gray area in financial reporting. It’s important to keep investors and lenders informed of risks that may affect a company’s future

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Coastal Orthopedics Open House

  On Tuesday, May 24th, Coastal Orthopedics greeted guests to the grand opening of a medical office building and ambulatory surgery center, Coastal Orthopedics – East, located at, 8000 SR 64 East, Bradenton and a second medical office building, Coastal

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How Inflation Could Affect Your Financial Statements

  Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index (CPI) covers the prices

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