New Promotions!

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

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,…

Construction Industry Advisor Fall Edition

October 12, 2022

Construction Industry Advisor Fall Edition

Here’s a brief glance at what you’ll find in the Fall issue… What are change orders really costing you? Most construction projects…

The R&D Payroll Tax Credit

September 29, 2022

The R&D Payroll Tax Credit

Inflation Reduction Act expands valuable R&D payroll tax credit When President Biden signed the Inflation Reduction Act (IRA) into law in August, most…

Caveats of the Clean Vehicle Credit

September 19, 2022

Caveats of the Clean Vehicle Credit

Clean Vehicle Credit comes with caveats The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the…

IRS Offers Penalty Relief

September 1, 2022

IRS Offers Penalty Relief

IRS offers penalty relief for 2019, 2020 tax years While the recently announced student loan debt relief has captured numerous headlines, it’s…

What We Know About The Inflation Reduction Act

August 18, 2022

What We Know About The Inflation Reduction Act

The Inflation Reduction Act includes wide-ranging tax provisions President Biden signed the Inflation Reduction Act (IRA) into law on Tuesday. The IRA…

Businesses: Act now to make the most out of bonus depreciation

July 21, 2022

Businesses: Act now to make the most out of bonus depreciation

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a…

Standard Business Mileage Rate Increase

July 7, 2022

Standard Business Mileage Rate Increase

Standard business mileage rate will increase for the second half of 2022 The IRS recently announced that it’ll increase the standard mileage…

IRS Announces Pre-Examination Retirement Plan Compliance Pilot Program

June 27, 2022

IRS Announces Pre-Examination Retirement Plan Compliance Pilot Program

The IRS has announced a pre-examination compliance program for qualified retirement plans, including 401(k) plans. Under this pilot program, which begins this…

Illinois CPA Society Announces May 2022 Strategy Academy Graduates

June 24, 2022

Illinois CPA Society Announces May 2022 Strategy Academy Graduates

SOURCE: https://www.icpas.org/about-us/press/press-release-details/2022/06/21/illinois-cpa-society-announces-may-2022-strategy-academy-graduates CHICAGO, June 21, 2022 – The Illinois CPA Society (ICPAS)—one of the largest state CPA societies in the nation—is proud to announce its…