Resources Blog
Employer Retention Credit What You Need To Know
Employee Retention Credit can save companies a very substantial amount of money on their 2021 taxes. However, it is a complicated program and navigating it can be difficult. This blog is quite technical. If you have questions about the information, please contact...
The 7 Most Important Financial Steps To Take With Every Increase In Income
Approximately 53% of Americans were living paycheck to paycheck before Covid. Now the figure is closer to 63%. And that’s not just lower wage earners. According to Market Watch, as of February 2020, “1 in 5 people making more than $100,000 a year are still living...
FBPCPA Illinois Secure Choice
As a valued business client of Fates, Bodily & Parker, we wanted to make sure you are aware of the Illinois Secure Choice program and its implications for your business.
Taxes and Your Business Stimulus Funds
Millions of businesses have received Paycheck Protection Program (PPP) loans and COVID-19 Economic Injury Disaster Loans (EIDL) grants. As tax time nears, many of these businesses are wondering what receiving a PPP loan or EIDL grant means for their taxes.
Wealth Management and Retirement for Business Owners 2021
According to a 2019 study by SCORE, 34% of small business owners do not have a retirement savings plan. 40% are unsure of their ability to afford retirement after the age of 65. Working with a financial services firm that provides forward thinking advice, not just...
Proper Business Succession Planning Assists in a Successful Transition
One of the many considerations business owners make when thinking about transitioning into retirement is who will take over for them as leaders of their respective organizations. Succession planning should be an integral part of a business owner's plans as...
Virtual CFO Services are the Answer for Company Growth for a Fraction of the Cost
As the leader of your company, you work hard to ensure the company is growing and moving in the right direction. It can be difficult to make all the decisions on your own, which is why it is important to invest in professional services to aid you in making...
How to Prepare Your Business for the 2021 Tax Season
2020 has been a tumultuous year for taxpayers across the country, especially for those who own a business. If you’re fearful for the 2021 tax season, you’re not alone. As you prepare for tax changes, recoup profits, and accept losses, you may want to take extra...
