Tax Changes Affecting Small Businesses in the Health Reform Legislation

April 9th, 2010

For owners of small businesses and their workers, the recently enacted health reform legislation has some key provisions to pay attention to. The major ones include: tax credits; excise taxes; and penalties. But whether a business will be affected by them depends on a variety of factors, such as the number of employees the business […]

Key Tax Changes Affecting Individuals in the Health Reform Legislation

April 7th, 2010

Individual mandate. The new law contains an “individual mandate”—a requirement that U.S. citizens and legal residents have qualifying health coverage or be subject to a tax penalty after 2013. Under the new law, those without qualifying health coverage will pay a tax penalty of the greater of: (a) $695 per year, up to a maximum […]

Business Changes in the HIRE Act

March 25th, 2010

Payroll tax holiday and up-to-$1,000 credit for employers who hire unemployed workers. To help stimulate the hiring of workers by the private sector, the new law exempts any private-sector employer that hires a worker who had been unemployed for at least 60 days from having to pay the employer’s 6.2% share of the Social Security […]

Recent Developments that May Affect Your Tax Situation

January 15th, 2010

The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to […]

Lisa Kinser Joins Firm

December 22nd, 2009

Dystrup, Hoster & Jarot, P.C. is pleased to announce the addition of Lisa L. Kinser as an Associate with the Firm.  Ms. Kinser, a former Will County Assistant Public Defender, will practice in the areas of Criminal Defense, DUI, Family Law, Landlord/Tenant, Transportation/Trucking, and Commerical Litigation.

Tax Changes for Businesses in the “Worker, Homeownership, and Business Assistance Act of 2009”

November 12th, 2009

The Worker, Homeownership, and Business Assistance Act of 2009 (the Act), which was signed into law on Nov. 6, 2009, makes it easier for most businesses to get immediate tax savings from net operating losses (NOLs). It does so by allowing certain NOLs to be carried back to earlier, more profitable years. In these tough […]

What Planning Should I Consider Before Year-End?

November 11th, 2009

Many of the methods of minimizing taxes must be completed prior to year end. Income Taxes – In order for charitable and other expenditures to be included as itemized deductions, they must be remitted prior to December 31. Be aware that many professional fees, including the cost of developing and implementing a trust for estate […]

2009 Business of the Year Recipient

November 10th, 2009

Dystrup, Hoster & Jarot, P.C. is the proud winner of the 2009 Business of the Year – Professional and Business Services Award from the Joliet Region Chamber of Commerce and Industry, which was presented at the Chamber’s Annual Dinner on November 4, 2009.  Andy Dystrup accepted the award on behalf of the firm.