Blog
How Many KPIs Should You Have For Your Chicago Business?
Key TakeawaysYou only need 5–9 true KPIs for effective 2026 planning. KPIs should connect directly to a specific financial or strategic...
Season’s Greetings From Godley Tax & Accounting, PC
Season’s greetings from the Godley Tax & Accounting, PC team. For you and me both, this week can feel like a blur – trying to finish out...
What Are The Year-End Tax Moves to Make Now For Chicago Business Owners?
Key TakeawaysIt is not too late to create meaningful tax savings before December 31, but the remaining moves are very...
What Payroll Checklist Steps Do Chicago Business Owners Need to Complete Before December 31?
Key TakeawaysVerify all business and employee information early. Even small errors in EINs, addresses, or Social Security numbers can create big...
Big Beautiful Bill Details Chicago Business Owners Might Have Missed
Key Takeaways The more favorable EBITDA-based business interest deduction limit is back for your 2025 tax year. (New restrictions are...
Chicago Small Business Holiday Expenses: What Can I Deduct On Taxes?
Key TakeawaysCompany-wide holiday parties for employees are generally 100% deductible, as long as they’re not exclusive to owners or...
Can Chicago Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct...
John Godley’s Perspective: What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data...
How To Handle Your Chicago Company’s Payroll Taxes
It's no secret that for many people who get in hot water with the IRS, a very common reason is payroll taxes. For many, they aren't filing properly,...