A Guide to the Illinois State Income Tax

Certain types of income are added back to your federal AGI on your Illinois return. Other types are subtracted, resulting in what Illinois calls your “base income.” The state put the question of switching over to a progressive tax system to voters on the November 2020 ballot. illinois income tax rate Illinois offers a homestead […]

Accounting Articles, Research, & Case Studies HBS Working Knowledge

Dutch home health care organization Buurtzorg avoids middle management positions and instead empowers its nurses to care for patients as they see fit. Tatiana Sandino and Ethan Bernstein explore how removing organizational layers and allowing employees to make decisions can boost performance. Accounting is a back-office function where employees may not directly interface with customers, […]

Capital Program & Project Management Software Solution

Done right, it can maximize profits, help you have shorter CapEx cycles, and earn a huge return on investment. In this phase, your capex request undergoes preparation, analysis, and routing, ensuring that it’s thoroughly vetted, discussed, and scrutinized before moving forward. Note that the request during this phase might undergo one or several stage gating […]

Massachusetts Income Tax Calculator Tax year 2023

Generally, you need to pay at least 80% of your annual income tax liability before you file your return for the year through withholding or by making estimated tax payments on any income not subject to withholding. Farmers and fishermen generally need to pay at least two-thirds (66.67%), rather than 80%. Massachusetts does not have a standard deduction, […]

What Is Selling, General & Administrative Expense SG&A? How to Calculate & Examples

Costs might include obvious expenses like rent, managerial salaries, and marketing as well as less-obvious ones like travel, meals, and bonuses. Get your employees to use a dedicated receipt app to scan and keep track of all receipts. The better you track daily spending in your business today, the less likely it’ll get out of control in […]