Actions to Reduce Your 2023 Income Tax Bill

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

Actions to Reduce Your 2023 Income Tax Bill

December 11, 2023

Actions to Reduce Your 2023 Income Tax Bill

Take action now to reduce your 2023 income tax bill A number of factors are making 2023 a confounding tax planning year for…

Beneficial Ownership Information Reporting

November 3, 2023

Beneficial Ownership Information Reporting

The Corporate Transparency Act (CTA) is a new law that requires some companies in the United States to report information about their…

New IRS Guidance on ERC Claims Process

September 15, 2023

New IRS Guidance on ERC Claims Process

The Internal Revenue Service (IRS) has ordered an immediate stop to the processing of new claims for the Employee Retention Credit (ERC)…

What’s in the Fiscal Responsibility Act?

June 9, 2023

What’s in the Fiscal Responsibility Act?

President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy…

Social Security’s future: The problem and the proposals

May 18, 2023

Social Security’s future: The problem and the proposals

Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has…

2023 Tax Calendar

February 2, 2023

2023 Tax Calendar

To help you make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments…

Illinois Secure Choice

January 19, 2023

Illinois Secure Choice

To address the growing retirement savings gap that will occur for many residents in the future, the Illinois Secure Choice Program was…

Year-end spending package tackles retirement planning, conservation easements

January 13, 2023

Year-end spending package tackles retirement planning, conservation easements

Year-end spending package tackles retirement planning, conservation easements On December 23, 2022, Congress passed the Consolidated Appropriations Act of 2023. The sprawling…

New Promotions!

January 8, 2023

New Promotions!

Join us in congratulating the following employees on their recent promotions. Each of them have demonstrated high-performance levels in serving our clients,…