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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,...
Godley Tax & Accounting, PC’s Three Business Tax Penalties To Avoid When Possible
Let's address an unfortunate reality: As a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of...
Some Small Business Tips Your Chicago Business Should Learn
Today, let's reach for some small business tips you should be taking away from this past season. As Chicago business owners, we always need to be...
Developing Accountability In Your Chicago Business Is Crucial
During the first Super Bowl that Tom Brady won (with the Patriots), these were some of the companies who advertised (hat tip to Jon Erlichman of...
Godley Tax & Accounting, PC’s Top 5 List of Potentially Fatal Business Mistakes
There is a difference between income and wealth. Tax returns aren't about wealth -- they're about "income", and how that is defined. Business owners...
Passing Down Your Chicago Family Business
If we've learned anything from 2020, it's that our best-laid plans don't always turn out. As the great philosopher Mike Tyson once said: everyone...
A Few Winning Tips for Controlling Costs in Chicago Businesses
So ... I'm not sure if you knew this. Apparently, running a business is expensive. And controlling costs can be daunting. But despite whatever you...
Godley Tax & Accounting, PC’s Thoughts on Reimbursement vs Company Cards
If you'll forgive me, I'm going to get pretty geeky today. You probably didn't realize that there are actual pros and cons to expense reimbursement...
4 Tips for Chicago Taxpayers Owing the IRS
For many Chicago individuals, families, and businesses, it can seem that the government has simply been throwing money around and not paying...








