Matter & Substance

Thoughts from our industry
to help Businesses and Individuals

July 27, 2022

Preparing for a Recession

Recessions—defined as two consecutive quarters of economic decline—are often caused by unexpected economic shifts. And in the past few years, we have had a lot of them: the global COVID-19 pandemic, the war in Ukraine, the Great Resignation, and...

July 12, 2022

Why an Outsourced CFO Partner Is Beneficial to Any Organization

Authored Content by Matt Schoenholtz, Client Accounting Services Partner In working with clients, I like to use the term “The ART of Accounting” to explain to them exactly why having an accounting partner is so important. If you are...

July 7, 2022

What Does a Bear Market Mean for Me?

You have all heard the terms “bull market” and “bear market.” These two states of the market are named as such because the attack patterns of these predators match the trends for which they represent: bulls attack upwards with...

June 28, 2022

Mowery & Schoenfeld, LLC Promotes Four New Partners to Leadership

JUNE 28th, 2022 — Mowery & Schoenfeld, LLC is pleased to announce the continued growth of both our Firm and its leadership with the promotions of Jed Ang, Nicole Lindley, and Brandon Potocki to Tax Partners and Tim Long...

June 14, 2022

Tax Breaks When Caring for an Elderly Relative

In the latest report by National Alliance for Caregiving, it was revealed family caregivers now encompass more than one in five Americans. As the demands for caregiving rise in the US, more burden has been falling on working family...

May 17, 2022

Inflation Enhances the 2023 Amounts for Health Savings Accounts

The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being increased more than they have been in recent years. HSA Basics A Health Savings...

May 10, 2022

Mowery & Schoenfeld Named One of the 2022 Best Places to Work in Illinois

Mowery & Schoenfeld, LLC has been named one of the 2022 Best Places to Work in Illinois. The awards program began in 2006 and is promoted by The Daily Herald Suburban Business. This statewide survey and awards program was...

May 4, 2022

Selling a Home: Will You Owe Tax on the Profit?

Over the past 12 weeks, mortgage rates have had their largest jump since the ’90s. As of this week, the average 30-year fixed mortgage rate stood at 4.42%—up from 3.11% in December. Although the housing market has not slowed...

April 27, 2022

The Tax Effects of Moving a Parent into a Nursing Home

If you have a parent entering a nursing home, there may be more things on your mind than how it will affect your taxes. Assisted living costs are expensive, and those costs are continuing to rise every year—but some...

April 25, 2022

Kristy McCullough Named Managing Director of Mowery & Schoenfeld Wealth Management

McCullough joins Mowery & Schoenfeld with experience, expertise, and unfailing client dedication. For the past 15 years, McCullough has served in leadership roles, most recently Senior Vice President Wealth Advisor and head of the Lake Forest office of a...

April 5, 2022

Reporting Cryptocurrency on Your 2021 Taxes

More and more, Americans are becoming interested in cryptocurrency, and the IRS has taken note. Your 2021 tax return now asks a new question: “At any time during 2021, did you receive, sell, exchange or otherwise dispose of any...

March 29, 2022

The Tax Effects of Renting Out Your Vacation Home

Vacation homes can serve as a central hub for you and your family to meet at every summer. But when you’re not using your vacation home, have you considered renting it out? As with any type of income, your...

« prev 1 … 7 8 9 10 11 … 30 next »

Matter & Substance

Thoughts from our industry to help Businesses and Individuals

Thoughts from our industry
to help Businesses and Individuals