The Sansone Difference Blog

Illinois has some tax laws that are different from the tax laws of some other states.  When people move to Illinois, some of those people don’t know about the laws, if they don’t hire a C.P.A.  Here are some of Illinois’ original tax laws. Many of the tax exemptions help retirees.  Washington, DC, and 27Continue Reading

Many taxpayers miss deductions, if they don’t hire a C.P.A.  Here are five of the most common deductions that taxpayers miss, since they don’t know about them.  If those taxpayers hire C.P.A.’s, they’re more likely to learn about the deductions. As a miscellaneous itemized deduction, a taxpayer may claim financial management and planning expenses.  IfContinue Reading

All C.P.A.’s are well-trained, so the customer can know that the C.P.A. will do his or her job, well.  To become a C.P.A., an accountant must fulfill requirements that are decided the the American Institute of Certified Public Accountants (AICPA).  The requirement usually includes about 150 college hours that are applied to an accounting program.Continue Reading

Filing the extension form, Form 4868, usually doesn’t delay the date on which a payment is due. The IRS requires a payment by April 17.  Your CPA can help you through this process. An estimated tax payment must be calculated and paid by April 17. This is part of filling your extension.  The payment amountContinue Reading

  Barrington Illinois, voted in by Money Magazine as a top place to live in the United States in recent years, is a terrific residential area. Being a business owner in Barrington has it’s perks, too. Since residents voted in April, 2009, to secede from Cook County, Barrington Illinois has successfully escaped the skyrocketing salesContinue Reading

  Are you one of those people who wishes phones were still just used to call people? Well, believe it or not you can actually do accounting and manage important segments of your finances through mobile apps. Everyone’s crazy about Smartphones these days, and statistics show more people access the internet through their Smartphone thanContinue Reading

  There is nothing more frustrating than realizing your financial data isn’t accurate. Knowing there is an error is one thing, but finding it can feel like looking for a needle in a haystack. Here is a quick checklist to help correct mistakes and circumvent hindering oversights:   -First, double check and reconcile statements forContinue Reading

Despite the fact that there is almost no mistake on your taxes that you can’t undo with the right tax consultant, if you’re waiting till the last minute to file your taxes this year the anxiety and pressure of the time crunch could leave you vulnerable to making careless errors that will cost you inContinue Reading

As we start to count down the days still left to file your tax return, you may be scrambling to accurately prepare your list of tax deductions for donations made to charitable organizations. There is now a new tool available on the IRS website to look up the tax-exempt status of nonprofits called Exempt OrganizationsContinue Reading

Last year over seventy-five new businesses opened in Crystal Lake, IL, despite tough economic times. The city’s main activities are retail, dining and industry, but service providers and professional offices were also included in the types of new businesses to recently open their doors. Small, locally owned stores are located in the downtown district andContinue Reading