FBP - Certified Public Accountants
PPP Loans

PPP Loans

PPP—Now What? Now is a good time to clear up any lingering questions you may have regarding PPP loans. Forgiveness periods are ending and the window for new loans has closed. Below we have broken down some of the main points that you need to know about filing for...
Guide to Schedule E

Guide to Schedule E

Guide to Schedule E The following is a guide to the IRS Schedule E. This is used to report supplemental or passive income* or loss from: Real Estate Rentals Royalties Partnerships and S Corporations Estates and Trusts REMIC Profit and Loss There are limits on losses...
Sample Post 2

Sample Post 2

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Sample Post 3

Sample Post 3

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FBPCPA Illinois Secure Choice

FBPCPA Illinois Secure Choice

Illinois Secure Choice Program and Its Implications for Businesses and Individuals   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

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.   The...