Mid-Year Office Clean-up

We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.

Mid-Year Office Clean-up

July 6, 2016

Mid-Year Office Clean-up

This week's MHFA News article is brought to you by Greg Douglas, CPA. --- New Year’s Day and the fourth of July, in addition…

Tax-Deductible Summer Camp Expenses

June 15, 2016

Tax-Deductible Summer Camp Expenses

School is out for summer and for many households that means the start of summer camp. Did you know that the cost…

Estimated Tax Payment Deadline: June 15

June 8, 2016

Estimated Tax Payment Deadline: June 15

The tax deadline has come and gone, but an estimated tax payment due date is just around the corner! Second quarter estimated…

What is Use Tax?

May 25, 2016

What is Use Tax?

Did you recently visit a state that doesn’t have sales tax and purchase items for use back home in Illinois? Have you…

New Filing Requirements for Large Estate Tax Returns

May 11, 2016

New Filing Requirements for Large Estate Tax Returns

Are you the executor or beneficiary of an estate that has over $5,430,000 of net assets? If so, you may not be…

Non-profit Return Filing Requirements

April 27, 2016

Non-profit Return Filing Requirements

Non-profit organizations can be exempt from paying income and sales taxes but that doesn’t mean they are exempt from all taxes or…

Tax Freedom Day

April 20, 2016

Tax Freedom Day

Monday, January 22, 1900 was a happy day around the office water cooler, or wherever American workers congregated at the turn of…

Do I Have to File a Gift Tax Return?

March 23, 2016

Do I Have to File a Gift Tax Return?

Did you know you can give up to $14,000 to any person and any number of persons you want in a calendar…

Household Employees

March 9, 2016

Household Employees

Do you have a nanny, an in-home health aide, or a nurse not hired through an agency? If so, you should consider…

Foreign Bank Reporting Requirements

March 3, 2016

Foreign Bank Reporting Requirements

Brussels Stock Exchange Do you have a bank account overseas? Do you have a retirement plan in another country? If so, you…