Post Tax Season Thoughts

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

Post Tax Season Thoughts

April 25, 2019

Post Tax Season Thoughts

Post by Denise Martin As most of you are aware, April 15th marked the end of the dreaded tax season. And let…

MyTax Illinois Now Accepting Filed Returns

January 31, 2019

MyTax Illinois Now Accepting Filed Returns

It is that time of the year again! MyTax Illinois began accepting 2018 Individual Tax returns on January 28. Taxpayers will need…

Underpayment of Estimated Tax

January 22, 2019

Underpayment of Estimated Tax

The IRS has expressed concern that the updated withholding calculator it released in February 2018 in association with the Tax Cuts and…

To Itemize or Not to Itemize?

January 9, 2019

To Itemize or Not to Itemize?

With the passage of the Tax Cuts and Jobs Act to be in effect for tax years beginning with 2018, there are…

Recent Promotions

January 4, 2019

Recent Promotions

Martin Hood is pleased to announce the following promotions at the firm: Wade Hoey, Paul Chae Wade Hoey, pictured left, has been…

2018 Year-End Tax Planning

December 14, 2018

2018 Year-End Tax Planning

Did you know that some fringe benefits provided to employees must be included on W-2s as taxable wages? Items such as the…

New Hires Announcement

December 6, 2018

New Hires Announcement

Martin Hood is extremely pleased to announce the hiring of two new staff members! From left to right: Anthony Deddo; Amy Pilcher…

Considerations Before Year-End with Recent Tax Law Changes

October 26, 2018

Considerations Before Year-End with Recent Tax Law Changes

On December 22, 2017, TCJA of 2017, arguably the most sweeping tax legislation since the Tax Reform Act of 1986, was signed…

New Hires Announcement

October 1, 2018

New Hires Announcement

Martin Hood is very pleased to announce the hiring of six new staff members! From left to right: Aly Robinson; Mike Plecki;…

What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

October 1, 2018

What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

What is ASC 606: Revenue from Contracts with Customers? In an effort to standardize how companies and industries recognize revenue, the FASB’s…