Tax Incentives and Drawbacks of an S Corporation
When creating or expanding a business, there are many moving pieces to keep in mind when it comes to reporting income to the Internal Revenue Service (IRS). Even more intimidating…
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Understanding the 1031 Exchange for Real Estate Investors
The tax break brought on by 1031 exchanges are a helpful tool for both new and experienced real estate investors looking to expand the size as well as number of…
Real Producers Magazine – August 2022
Jim Hechtman and The Hechtman Group are much more than accountants. They use numbers to tell stories, spark conversation and solve problems for people, businesses and the real estate industry.…
Important Change to EBS Portal
Dear Valued Clients, As we have indicated, we will be winding down the EBS portal effective September 1, 2022. The portal will no longer be available, so we encourage you…
Important 2021 Tax Changes that May Affect Your Return
With the tax season upon us, The Hechtman Group would like to remind you of some important tax changes that occurred in 2021 which may impact your return. Businesses Earlier…
Illinois Enacts SALT Cap Workaround
Illinois Governor Priztker recently signed the FY22 budget bill which includes new stipulations that could help small business owners save money on their taxes. Signed into law, bill SB2531 provides…