Three Reasons Your Small Business Should Go Cashless

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

Three Reasons Your Small Business Should Go Cashless

November 7, 2019

Three Reasons Your Small Business Should Go Cashless

The use of cash when purchasing goods or services has become uncommon in recent times. Even payment via debit or credit card…

New Standards Effective Dates Delayed

October 28, 2019

New Standards Effective Dates Delayed

Coupled with the recent implementation of a highly challenging revenue recognition standard, the Financial Accounting Standards Board (FASB) numerous new rules have…

2019 Year-End Preparations Before Another Tax Season

October 17, 2019

2019 Year-End Preparations Before Another Tax Season

As 2019 is coming to an end, and we’re preparing for another tax season, here’s a few 2020 filing season changes for…

Renee Osterbur Named a 40 Under 40 Winner

October 4, 2019

Renee Osterbur Named a 40 Under 40 Winner

Martin Hood is extremely proud to announce that Renee Osterbur, a Senior Manager, has been named one of the 40 Under 40…

Form 5500 Extended Filing Deadline Coming Up

October 2, 2019

Form 5500 Extended Filing Deadline Coming Up

If your Company has a benefit plan that requires an annual audit, be aware that the extended filing deadline is October 15.…

Tax Amnesty Program

September 24, 2019

Tax Amnesty Program

Illinois is offering a tax amnesty program starting October 1, 2019 through November 15, 2019. It will allow taxpayers to pay outstanding…

New Hire Announcement

September 20, 2019

New Hire Announcement

Martin Hood is very pleased to announce the hiring of three new staff members! From left to right: Suzanne DeLoriea; Grant Ames;…

Local Expertise…Far-Reaching Impacts

September 10, 2019

Local Expertise…Far-Reaching Impacts

Although we are surrounded by corn and soybeans here in Central Illinois, did you know that Martin Hood’s Agribusiness team also provides…

When ‘Defective’ Isn’t a Bad Word

September 5, 2019

When ‘Defective’ Isn’t a Bad Word

Trusts are complex, as you can see from this week's infographic. Be sure to call us with (all) your questions!

The QBI Deduction for Rental Real Estate Activity

August 29, 2019

The QBI Deduction for Rental Real Estate Activity

Recently introduced with the Tax Cuts and Jobs Act, the Sec. 199A 20% QBI deduction is available for qualified trade or business…