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Illinois State Income Tax: Rates and Who Pays in 2023

Illinois State Income Tax: Rates and Who Pays in 2023

The tax is applied to wages, salaries, and other compensation within certain thresholds, which are adjusted periodically. The distinct components of FICA, namely Social Security and Medicare, each have specific rates and caps that determine the amount of tax levied. As such, FICA represents a critical element of the United...

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Cloud Accounting Software for Small Business

Cloud Accounting Software for Small Business

Intuit’s QuickBooks Online is one of the most familiar names in accounting software, widely used by small businesses and their bookkeeping and tax professionals. The cloud-based software can be accessed through a web browser or a mobile app. TrulySmall Accounting comes from the same company behind Kashoo, which we’ve reviewed...

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