BLOGS

GOVERNOR ENACTS “EMPLOYER FRIENDLY” AMENDMENT CANNABIS ACT

GOVERNOR ENACTS “EMPLOYER FRIENDLY” AMENDMENT TO CANNABIS ACT An amendment was made to the Cannabis Act on December 4, 2019, by Governor Pritzker as he signed legislation into law as Public Act 101-0593 having added language to what is commonly known as the Cannabis Act so that it now states: Nothing in this Act shall be construed to create or imply a cause of action fo...
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JOB CREATION TAX CREDITS FOR YOUR BUSINESS – ACROSS THE UNITED STATES

Operating a business is no small task, and we know how high the costs can get to keep everything running. Waltz, Palmer & Dawson, LLC  encourages you to consult with an experienced business attorney about tax credits that may be applicable to your business. Most states across the U.S. provide tax credit incentives to companies that create jobs or invest in certain industri...
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RESEARCH AND DEVELOPMENT (R&D) TAX CREDIT – REDUCE YOUR TAX LIABILITY

Has your business developed or designed a new product or process? Has it improved upon an existing prototype or software? Has your company in any way done research to develop a different product or method of production? If so, your company might be eligible to claim the federal Research and Development (R&D) Tax Credit. WHAT IS THE RESEARCH AND DEVELOPMENT (R&D) TAX CREDIT? ...
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THE ILLINOIS EDGE TAX CREDIT – DOES YOUR BUSINESS QUALIFY TO SAVE YOU MONEY?

The State of Illinois recently brought back the EDGE tax credit for companies that conduct business in Illinois, which means there is a chance your business could save a significant amount of money in the coming year. Find out whether your business is eligible, how much you can save, and the steps you need to take in order to apply. WHAT IS EDGE? EDGE stands for Economic Dev...
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