Accounting and Tax Related Articles

Tax Deductions - Taxpayers

STANDARD VS. ITEMIZED DEDUCTION

One of the most common questions people have is whether they should take the standard deduction or itemize their deductions. As a general rule, you should itemize deductions if the allowable itemized deductions are greater than you would receive with the standard deduction. However, there are other factors to consider and not every taxpayer is eligible to use the standard deduction.

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High Income Taxpayers

HIGH INCOME TAXPAYERS

As a high income taxpayer, tax planning is essential. Our informative new handout (in PDF format) covers topics, such as capital gains, retirement accounts, education benefits, the child tax credit, medicare taxes, and more.

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Charitable Contributions Guide

TRACK YOUR CHARITABLE CONTRIBUTIONS

Claremont Management has put together an informative guide (in PDF format) to help you keep track of charitable contributions this year.

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ESTIMATED TAXES

This handout (in PDF format) explaines how estimated taxes work, who has to pay estimated taxes and who does not, when they are due, penalties for underpayment, and more.

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Enrolled Agent Brochure

WHY YOU SHOULD HAVE AN ENROLLED AGENT PREPARE YOUR TAXES

Enrolled agents (EAs) are America's tax experts. They are the only federally-licensed tax practitioners who both specialize in taxation and have unlimited rights to represent taxpayers before the Internal Revenue Service.

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M and E Tax Changes

DIGESTING WHAT TAX REFORM MEANS FOR
BUSINESS MEAL & ENTERTAINMENT DEDUCTIONS

For many businesses, entertaining important clients and prospects is just part of the normal cost of doing business. Discover important tax reform changes that will affect M&E deductions in 2018.

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IRS Tax Tips

TEN TIPS FOR CHOOSING A TAX PREPARER

The IRS warns taxpayers should choose their tax return preparer wisely. This is because taxpayers are responsible for all the information on their income tax return. That’s true no matter who prepares the return.

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Tax Rate Changes Congress

THE TAX CUT AND JOBS ACT

How will it affect you or your company? Check out our informative new article.

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Tax Information Podcast - John Cencig Interview

JOHN CENCIG PODCAST ON APAG

Listen to John Cencig as he speaks with Steven Weirich on the 51st edition of his popular show. Paying taxes every year isn’t something we look forward to. It’s a necessary evil we face every April 15th, filing day. John gives us the keys to taking the stress out of filing and how we can better protect ourselves from the IRS.

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12 IRS Audit Flags

12 RED FLAGS

DISCOVER THE 12 RED FLAGS that increase the probability of the IRS examining your tax return. They're all outlined in this informative FREE PDF REPORT from Claremont.

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Claremont Management Office in Rolling Meadows IL

Claremont Management Corp. is an accounting and tax preparation service based in Rolling Meadows, IL. We welcome new clients and offer competitive rates.

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