Accounting and Tax Blog

Welcome to the Pasquesi Sheppard Blog, your go-to destination for insightful articles, expert advice and all things related to accounting, finance and business management.

Pay attention to the tax rules if you turn a hobby into a business

Taxes when you sell an appreciated vacation home

Unique Cafes You Can’t-Miss While Visiting Chicago

The tax advantages of including debt in a C corporation capital structure

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Growing your business with a new partner: Here are some tax considerations

When businesses may want to take a contrary approach with income and deductions

The pros and cons of turning your home into a rental

Don’t have a tax-favored retirement plan? Set one up now

Your Guide to Experiencing Theatre in Chicago

How Unemployment Effects Your Taxes

When partners pay expenses related to the business