Paycheck Checkup and Withholdings

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

Paycheck Checkup and Withholdings

May 14, 2020

Paycheck Checkup and Withholdings

Every year, the IRS advises you to perform a “paycheck checkup” to make sure you are having the right amount of tax…

A Few Tips on Working Remotely

May 6, 2020

A Few Tips on Working Remotely

There have been numerous changes in our lifestyles over the past few months as we are all still trying to adjust to…

Donate to Empower Illinois to Save on Illinois Income Tax

April 30, 2020

Donate to Empower Illinois to Save on Illinois Income Tax

Would you like to save on your Illinois income tax liability? If yes, consider making a donation through Empower Illinois to provide…

Month-End Close Checklists: Simple and Effective

March 3, 2020

Month-End Close Checklists: Simple and Effective

How quickly are most businesses able to close their books?  Like every great accounting & tax question – it depends! How is…

Rules to Withholdings and Form W-4 Updates

February 14, 2020

Rules to Withholdings and Form W-4 Updates

The proposal was made to reflect the statutory changes in the Tax Cuts and Jobs Act. The new Form W-4 (Employee’s Withholding…

Retirement plan contribution limits increase for 2020

January 28, 2020

Retirement plan contribution limits increase for 2020

The IRS has announced the increase in contribution limits for various retirement accounts for 2020. For any employees who participate in 401(k),…

New Hire Announcement

January 22, 2020

New Hire Announcement

Martin Hood is very pleased to announce the hiring of a new staff member! Maddie Flesner Maddie Flesner hails from Kansas, Illinois…

What You Need to Know About the SECURE Act

January 15, 2020

What You Need to Know About the SECURE Act

The SECURE Act, a law to bolster retirement savings, was recently enacted. The law contains a number of changes, some that went…

Year-End Government Spending Bill Contains Many Tax Provisions

January 6, 2020

Year-End Government Spending Bill Contains Many Tax Provisions

The president recently signed a spending bill into law that makes many changes to retirement plan rules, provides disaster tax relief, and…

Recent Promotions

December 20, 2019

Recent Promotions

Martin Hood is very pleased to announce the following promotions at the firm: Anthony Deddo; Amy Pilcher Anthony Deddo, pictured left, has…