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What’s the difference between an audit and a review?

What’s the difference between an audit and a review?

What’s the difference between an audit and a review? An audit and a review have similarities, but they are different types of assurance engagements. “An assurance engagement” is an engagement in which a practitioner obtains sufficient appropriate evidence in order to...

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Mid-Year Tax Planning

Mid-Year Tax Planning

Mid-Year Tax Planning The mid-way point of the year is here and it is a good time to take a moment to do some mid-year tax review to help you to plan for the 2022 tax season. Planning ahead can help you to avoid unexpected tax bills and allow you to make changes if...

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Explaining Illinois’ SALT Workaround Legislation

Explaining Illinois’ SALT Workaround Legislation

Explaining Illinois' SALT Workaround Legislation At the end of August 2021, Illinois Governor J.B. Pritzker signed S.B. 2531. That new law provides a pass-through entity workaround to the recently introduced federal limits on state and local taxes (SALT). Illinois was...

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MCK

MCK CPAs & Advisors - serving Decatur, Bloomington, Monticello, and all areas of Central Illinois.

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