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Checks and Balances - 1050 N State Street Suite 301 Chicago IL 60610 US
Hours: Mon - Fri: 8am - 8pm  & Sat - Sun: By Appointment
Your Parking is on us. Free parking voucher upon your visit
Call Now ! (312) 329-9244

News You Can Use

SHOULD YOUR BUSINESS BE A C CORPORATION OR AN S? 
CALL KATHY TO DISCUSS 
While one of the most significant changes incorporated in the new legislation was reducing the corporate tax rate from the current 35% rate to a 21% rate in 2018, the tax bill also contains a big tax break for small business owners. Unlike large corporations that are taxed at a flat rate, most small businesses are “pass-through” entities, meaning that the profits from the business flow through to the business owner’s personal tax return and then are taxed at ordinary income tax rates.
While pass-through income will continue to be taxed at ordinary income tax rates, many small business owners will be eligible to deduct 20% of their “qualified business income” (QBI) starting in 2018. In other words, some pass-through entities will only be taxes on 80% of their pass-through income.

Business Set-up

Whether you’re just starting a business or thinking of changing your business structure. Checks and Balances can assist you.  We will work  with you every step of the way. From preparing a business plan to ensuring you have the correct materials for corporation formation. Then we can continue to assist you with your taxes to the sale of your business.

CHECKS AND BALANCES INC 

Call today -  1-312-329-9244