We at Vimlan Tax & Sentigent Financial, hope you and your family are all staying safe during the pandemic. These are trying times for all of us, in this country and our extended families across the world. We look at you, as our extended family as well. Unfortunately, some of our peers, fell ill with…Read more
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I wanted to share some personal insight with you all that I have learned over the last 17 years I have been a tax and accounting professional. I am writing this from the heart, so I do hope you read this. When I first started, I was simply a tax preparer. All I did was…Read more
Cook County states that S Corp owners count as individual employees. See rates here. However, for all other non-tipped employees age 18 and over will have their minimum wage increase from the previously mandated rate of $11/hour to $13/hour starting July 1st, 2020 if working within Cook County borders. Overtime would be at $19.5/hour. Tipped employees…Read more
http://www.ilga.gov/legislation/publicacts/101/PDF/101-0177.pdf New Law Prohibits Employers from Asking for Wage History Pursuant to Public Act 101-0177 the Illinois Equal Pay Act now bans employers and employment agencies from asking about applicants’ past wage and compensation histories. This law takes effect on September 29, 2019. Employers can be penalized for asking the applicant or the applicant’s current…Read more
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