Be Careful What You Wish For

Richard L. Lieberman Partner Burke, Warren, MacKay & Serritella, P.C. rlieberman@burkelaw.com 312 840 7011 Congratulations!  You have just been offered an opportunity to join a new limited liability company that is classified as a partnership for income tax purposes (the … Read more here …

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In Memoriam: Bill Stringfellow

“The first time I met Bill was at the initial general meeting of the FBC (as it was then named) at the University of Illinois-Chicago.  At that meeting about 40 of us were first introduced to the concept of Forum.  … Read more here …

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President’s Message – June 11th

I’d like to share my observations from my year as CFBC’s President which comes to a close on June 30th. The CFBC is in better shape than we were a year ago. In fact, we’re in great shape. Without the … Read more here …

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Shallcross Financial Planning Testimonial by Bob Carmody

Last year, I had the pleasure of inviting Darrin Shallcross of Shallcross Financial Planning to a charity event that I regularly sponsor. While I knew Darrin personally from the CFBC, I really did not understand the full service that he … Read more here …

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President’s Message – May 7th, 2015

Succession planning. This week, we had a magnificent Family Business Day. We learned from five 100 year old companies that are still going strong. What a wonderful opportunity that was presented to us all! Thank you to our very effective … Read more here …

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Don’t Wait to Plan Your Retirement

Brought to you by Darrin J Shallcross In conjunction with Lincoln Financial Advisors, a registered investment advisor. Most of us find it easier to earn and spend money than to save it. Planning and saving for retirement too often takes … Read more here …

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The Clock Is Ticking! It’s Time to Prepare for PPACA Reporting Requirements!

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do … Read more here …

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President’s Message – April 7th, 2015

This is a bit of a divergence for me and this space, but I’m compelled to share this. We are blessed to have within our ranks many people that volunteer their time and experience to our working committees, the success … Read more here …

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President’s Message – March 3rd, 2015

Do you agree with the following statement? “You don’t know what you don’t know – and that can bite you very hard.” Worse is when you think you know and you’re wrong. Have you ever been in that situation? I’ve … Read more here …

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To Capitalize or Expense…That is the Question

Businesses buy supplies, materials and equipment constantly.  Repairs and maintenance on existing assets also recur frequently.  How does your accounting department handle these outlays? The Internal Revenue Service (IRS) finalized regulations in September 2013 regarding whether expenditures were considered immediate … Read more here …

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