AB CPA, Inc.

Name: AB CPA, Inc.
Address: 9944 South Roberts Road, Palos Hills, IL, 60465, US
Telephone: +17084303232

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Full service CPA firm that offers consulting. accounting and tax services.

11/10/2026

If your business offers employees a 401(k) plan, be sure to comply with all applicable regulations. Misunderstanding or inadvertently ignoring eligibility rules — for example, when workers must be allowed to start participating — can result in IRS penalties. It can also harm employees who are mistakenly excluded. Contact us at (708) 430-3232 with questions.

11/09/2026

For businesses, gamification is a way to use game-like strategies to motivate both customers and employees. For example, rewards programs may help strengthen customer loyalty and encourage repeat purchases. Internally, employee recognition systems, sales leaderboards and training milestones may improve performance and promote skill development. When implemented thoughtfully, these efforts can reinforce desired behaviors and support long-term growth. Call us at (708) 430-3232 for help designing and evaluating your gamification initiatives.

11/06/2026

Professional — and now college — athletes could face unexpected tax bills if they don’t plan carefully. Multistate taxation used to be an issue only for pros. Now that college players earn revenue from profit-sharing and endorsement deals, they may need to worry about the “jock tax,” which many states and cities impose on income earned by athletes playing road games. Also, athletes need to consider their state of domicile before they receive signing bonuses or other large payments. For example, those moving from low-tax to high-tax states may want to negotiate to receive payments before they move. For these (and other) reasons, all paid athletes should get professional tax advice. Call us at (708) 430-3232 if you have questions about multistate taxation.

11/04/2026

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employees use personal vehicles for business, establish a system for logging trips as they occur. QuickBooks users can take advantage of mobile tools that automatically track trips and classify business vs. personal mileage. Other mileage apps or a well-maintained manual log can also work. As year end approaches, make sure your records include key details, such as mileage and business purpose. Timely, accurate documentation is essential for bookkeeping, employee reimbursements and tax reporting. Call us at (708) 430-3232 for help improving your mileage tracking process.

11/03/2026

Severe weather and other threats to a business’s ability to operate can occur at any time. Although you can’t foresee every disaster, you can put together a comprehensive business continuity plan that addresses most potential threats. If you don’t have a plan in place, implement basic protections immediately, such as an evacuation strategy and insurance. But, from there, take your time to get it right. Call us at (708) 430-3232 for help identifying and managing the costs associated with a business continuity plan.

11/02/2026

If you have a health care FSA, you may need to use your 2026 balance by Dec. 31 or lose it. But some FSAs offer a 2 1/2-month grace period or let you roll over up to $680 for use in 2027. Check with your employer to see what your FSA allows. We can answer questions about which expenses can be paid or reimbursed by your FSA and help you determine whether there are additional year-end tax planning steps you can take related to health care expenses. Call us at (708) 430-3232.

10/30/2026

The IRS has released its 2026–2027 per diem rates for certain business travel expenses, effective Oct. 1, 2026. Under the high-low substantiation method, the rate for lodging, meals and incidental expenses for travel to high-cost localities within the continental United States (CONUS) rises to $329 per day, from $319. The rate for other CONUS localities rises to $230, from $225. The portion attributable to meals remains $86 for high-cost areas and $74 for other areas. The incidental-expenses-only rate remains $5. Employers can pay more than the IRS per diem rates, but excess amounts generally must be substantiated or treated as taxable wages. Contact us at (708) 430-3232 to learn about all your options for substantiating business travel expenses.

10/28/2026

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. Now is the time to take action by reviewing your estate plan, updating beneficiary designations, and exploring strategies such as gifting or establishing trusts that may help minimize tax exposure. Every situation is unique, and the right approach depends on your family’s needs, assets and long-term goals. Contact us at (708) 430-3232 for assistance structuring your estate in a tax-efficient way.

10/27/2026

How much should you budget for retirement expenses? One common guideline says 60% to 70% of your current income. Some expenses might decrease or disappear (commuting costs, mortgage payments), while others are likely to increase (health care, property taxes). Specificity, not to mention incorporating inflation into your calculation, is important. We can help — call us at (708) 430-3232.

10/26/2026

It’s the fourth quarter, small business owners. That means, just like in a football game, you have limited time to make winning moves — in this case, to lower your taxes for 2026. Many year-end strategies require time to evaluate, implement and document properly. Waiting until the last minute may leave you with little choice but to punt and hope for the best. The sooner you begin planning, the more options you may have in your tax-saving playbook. Call us at (708) 430-3232 to huddle up and discuss a game plan tailored to your business.

Address

9944 South Roberts Road
Palos Hills, IL
60465

Telephone

+17084303232

Website

http://www.abcpainc.com/

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