Skip to content
Peter Shannon & Co. logo
708.482.3000
Make a Payment Client Portal
  • About Us
      • Our History
      • Professional Organizations & Peer Review
      • Community Involvement
  • Our Team
      • Tara Skole
      • John Dyer
      • Timothy Komenda
      • Elaine McDermott
      • Jacqueline Freeman
  • Our Services
      • Financial Statements
      • Business Tax Returns and Consulting
      • Individual Tax Returns and Consulting
      • Trust Returns and Estate Planning
  • Industries Served
      • Construction
      • Medical & Dental Practices
      • Professional Services
      • Manufacturing
      • Real Estate
      • Restaurants & Country Clubs
      • Retail
      • Not-for-Profit
      • Employee Benefit Plans
      • Transportation
      • Individuals
  • Top of the News
  • Contact Us
Peter Shannon & Co. logo
Peter Shannon & Co. logo
  • About Us
      • Our History
      • Professional Organizations & Peer Review
      • Community Involvement
  • Our Team
      • Tara Skole
      • John Dyer
      • Timothy Komenda
      • Elaine McDermott
      • Jacqueline Freeman
  • Our Services
      • Financial Statements
      • Business Tax Returns and Consulting
      • Individual Tax Returns and Consulting
      • Trust Returns and Estate Planning
  • Industries Served
      • Construction
      • Medical & Dental Practices
      • Professional Services
      • Manufacturing
      • Real Estate
      • Restaurants & Country Clubs
      • Retail
      • Not-for-Profit
      • Employee Benefit Plans
      • Transportation
      • Individuals
  • Top of the News
  • Contact Us

Call us

708.482.3000
Make a Payment Client Portal

Top of the News

Top of the News

The 2019 gift tax return deadline is coming up

Byteam 2020-03-102024-11-19

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway.

Read More The 2019 gift tax return deadline is coming upContinue

Top of the News

Work Opportunity Tax Credit extended through 2020

Byteam 2020-03-052024-11-19

If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). The WOTC was set to expire on December 31, 2019. But a new law passed…

Read More Work Opportunity Tax Credit extended through 2020Continue

Top of the News

Home is where the tax breaks might be

Byteam 2020-03-032024-11-19

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, that’s not true. First, keep in mind that you must itemize deductions in order to take advantage of the…

Read More Home is where the tax breaks might beContinue

Top of the News

Do you run your business from home? You might be eligible for home office deductions

Byteam 2020-02-272024-11-19

If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules.

Read More Do you run your business from home? You might be eligible for home office deductionsContinue

Top of the News

Tax credits may help with the high cost of raising children

Byteam 2020-02-252024-11-19

If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the age of 17, as well as a dependent credit for older children.

Read More Tax credits may help with the high cost of raising childrenContinue

Top of the News

How business owners may be able to reduce tax by using an S corporation

Byteam 2020-02-202024-11-19

Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S corporation.

Read More How business owners may be able to reduce tax by using an S corporationContinue

Top of the News

Reasons why married couples might want to file separate tax returns

Byteam 2020-02-192024-11-19

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation.

Read More Reasons why married couples might want to file separate tax returnsContinue

Top of the News

Do you want to go into business for yourself?

Byteam 2020-02-132024-11-19

Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that entity.

Read More Do you want to go into business for yourself?Continue

Top of the News

The tax aspects of selling mutual fund shares

Byteam 2020-02-112024-11-19

Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved in selling mutual fund shares can be complex.

Read More The tax aspects of selling mutual fund sharesContinue

Top of the News

Do your employees receive tips? You may be eligible for a tax credit

Byteam 2020-02-062024-11-19

Are you an employer who owns a business where tipping is customary for providing food and beverages? You may qualify for a tax credit involving the Social Security and Medicare (FICA) taxes that you pay on your employees’ tip income.

Read More Do your employees receive tips? You may be eligible for a tax creditContinue

Page navigation

Previous PagePrevious 1 … 46 47 48 49 50 … 85 Next PageNext

Let our team support you.

At Peter Shannon & Co., we use a team approach to ensure our clients receive personal attention. Our passion for personal service and our knowledge of professional expertise distinguishes us among other service providers. We believe we can help our clients run their firms in the most efficient, cost-effective manner.

Our goal is to offer a comprehensive range of services carried out by a team of committed professionals with years of experience.

request a consultation
a source of good ideas

Keep yourself informed

We will email the latest tax news, updates, and guidance.

Peter Shannon & Co.

Certified Public Accountants

6412 Joliet Road, Suite 1, Countryside, IL 60525

708.482.3000

cpa@petershannonco.com

  • Contact Us
  • Careers
  • Make a Payment
  • Client Portal
  • Privacy Policy
  • Legal Disclaimer
© 2024 Peter Shannon & Co. All Rights Reserved.