What to Do Now That Tax Season is Over While this year’s tax season is now safely in our rearview mirror, that doesn’t mean that your financial responsibilities are over. Preparing for your taxes should be something that you integrate into your routine year-round. Doing this will help you avoid stress and reduce your risk…
Common Work Expense Tax Deductions Whether you work in an office, remotely from home, or run a small business, claiming work expenses is a good way to reduce your taxable income and keep more of your hard-earned money in your pocket. Knowing what you can and cannot deduct in advance will help you keep track…
The Best Ways to Destress After Tax Season Tax season is stressful, even for the most prepared businessperson. Over half of Americans and many small businesses across the country are already stressed about money and filing your taxes can make this pressure even worse. Everyone becomes more run down and workloads increase to try and…
Del Real Tax Group, Inc was included as a semi-finalists for the Chicago Job Creators Quest Grant! Chicago CPA, Maribel Del Real Services: Tax Accounting We perform tax Planning and tax consulting year round. We understand that preparing your own income tax return can be a task that leaves you with more questions than answers.…
Restaurant Revitalization Fund (RRF) Assistance We are helping our clients with the process of the Restaurant Revitalization Fund – preparing the paperwork, applying for the fund, and following up. We’re fully caught up with the most recently updated rules and guidelines. Contact us today at (708) 788-0082 or at [email protected] for assistance with the Restaurant Revitalization Fund, so…
Your Guide to a Successful Financial Audit At the end of the year, you need to compile a certain number of reports that outline the details of your financial statements and any associated accounts. This allows for complete transparency to lenders, investors, and governmental agencies. While oftentimes financial audits are associated with negative connotations, they…
What Medical Expenses are Tax Deductible? Those living without insurance, or enrolled in plans with high deductibles, understand that medical expenses can be detrimental to your finances. Even with a good health insurance plan, the expenses can add up. There may be certain things that fall outside of your coverage, emergencies that require high co-payments,…
Understanding What the New Coronavirus Relief Package Means for You The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed on March 25, 2020 in an effort to provide fast and direct relief from the devastating effect of the coronavirus pandemic. It was considered the largest economic relief plan to date so far in…
Preparing for 2021: Tax Planning Strategies for Small Business Owners Life as a small business owner is an upward battle. In a world dominated by corporate companies, it can be difficult to rise above and achieve success. 2020 did not make this any easier. With the consistent changes to rules and regulations of operation caused…
10 Easy End of Year Tax Tips to Increase Your Tax Refund As the year comes to an end, it’s time to start thinking of your income and make some decisions that will help you increase your tax refund. Make sure that you keep all of your receipts throughout the year and start getting them…