NICHOLAS G. VARDALOS & COMPANY, LLC
CERTIFIED PUBLIC ACCOUNTANT
YOUR TRUSTED ADVISOR
Nicholas G. Vardalos & Company is a full service accounting firm serving clients throughout the Chicago metropolitan area, northwest Indiana and southwest Michigan.
Brought to you by the American Institute of CPAs
Founded in 1887, the AICPA represents the CPA profession nationally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the profession’s technical and ethical standards.
The AICPA’s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
- Beneficial Ownership Information (BOI) filing requirements for US companies, persons removed (March 21, 2025)
- Higher threshold for Form 1099-K reporting among AICPA priorities (March 18, 2025)
- The 4% rule creator reveals the new safe retirement withdrawal rate (March 16, 2025)
- IRS Sec. 174 Amortization Enforcement: Are You Ready? (March 11, 2025)
- New rules for repaying Social Security benefits (March 10, 2025)
- The 'Die With Zero' Rule of Retirement (March 5, 2025)
- The top 401(k) mistake to avoid (March 4, 2025)
- Social Security Expansion Act would bump yearly benefits (March 3, 2025)
- Treasury says it won’t enforce beneficial ownership information (BOI) fines or penalties against U.S. citizens, businesses (March 3, 2025)
- Frozen digital asset rewards constitute gross income (March 1, 2025)
- Fifth Circuit affirms denial of accountable care organization’s tax exemption (March 1, 2025)
- Phish, smish, and spear phish: IRS releases 2025’s Dirty Dozen (February 27, 2025)
- How To Generate Income From Charitable Giving (February 25, 2025)
- Creating pensions out of life insurance (February 21, 2025)
- Final regulations address taxes on gifts to taxpayers from ex-U.S. citizens, residents (February 17, 2025)
- Six strategies for reducing taxes in retirement (February 14, 2025)
- Beneficial ownership information (BOI) reporting deadline extension passes US House (February 12, 2025)
- Lower auto depreciation limits issued for first time in at least 3 years (February 12, 2025)
- 4 potential tax changes you should know (February 11, 2025)
- Beneficial ownership information (BOI) penalties increase while reporting rules remain on hold (February 7, 2025)
- IRS Issues Final Regulations on Tax of Transfers from Covered Expatriates to U.S. Residents (February 5, 2025)
- IRS delays resignation offer for critical tax season workers (February 5, 2025)
- Taking required minimum distributions (RMDs) without prematurely depleting assets (February 3, 2025)
- Frivolous-tax-return penalty sustained (February 1, 2025)
- Avoid tax traps from the Social Security benefits bump (January 28, 2025)
- Financial planning aspects of unretiring (January 27, 2025)
- Be aware of changes to family tax credits (January 21, 2025)
- The benefits of choosing a financial planning niche (January 21, 2025)
- Inherited IRA opportunities and challenges (January 21, 2025)
- Seven must-know items about tax-exempt gifting (January 21, 2025)
- Final regulations address taxes on gifts to taxpayers from ex-U.S. citizens, residents (January 17, 2025)
- What you should know about the IRS stimulus check (January 16, 2025)
- IRS testing changes to alternative dispute resolution programs (January 16, 2025)
- Proposed regulations address expanded annual compensation deduction limitation (January 15, 2025)
- Proposed regulations issued for spinoff transactions and their reporting (January 15, 2025)
- The IRS issued final regulations (T.D. 10029) that identify microcaptive transactions as reportable transactions (January 14, 2025)
- Treasury and the IRS issued proposed regulations address 401(k), 403(b) automatic enrollment requirement (January 13, 2025)
- IRS announces start date for tax filing season (January 10, 2025)
- IRS issues proposed regulations on catch-up contributions (January 10, 2025)
- Key Tax Figures for 2025 (January 8, 2025)
- Unresponsive client? Try a different approach (January 7, 2025)
- Alternative methods allowed for identification of digital assets (January 3, 2025)
- Tax season 2025 preview (January 1, 2025)
- Filing season quick guide — tax year 2024 (January 1, 2025)
- IRS proposes new rules for tax professionals (December 24, 2024)
- Applicability date set for required minimum distribution regulations (December 19, 2024)
- Business standard mileage rate increases for 2025 (December 19, 2024)
- IRS amends rules for computing the premium tax credit (December 17, 2024)
- IRS expands online accounts, provides enforcement update (December 16, 2024)
- IRS grants partnerships additional time to furnish complete Forms 8308 (December 13, 2024)
- Engagement quality reviews: What auditors should know (December 9, 2024)
- Federal ruling halts BOI reporting for now (December 5, 2024)
- Regulations address partnership recourse liabilities, related-party rules (December 2, 2024)
- Disproportionate distributions did not terminate corporation’s S status (December 1, 2024)
- IRS again delays effective date of $600 threshold for Form 1099-K reporting (November 26, 2024)
- IRS will accept duplicate dependent returns submitted with an IP PIN (November 21, 2024)
- Number of older Americans who lose $100K to fraud rising rapidly (November 18, 2024)
- Paying taxes (or not) on Social Security benefits (November 15, 2024)
- IRS processing 400K employee retention credit (ERC) claims with about $10 billion in eligibility (November 11, 2024)
- IRS announces 2025 capital gains tax income thresholds (November 7, 2024)
- Why tax deferment isn’t always the answer (November 4, 2024)
- Beware, tax frauds: AI is watching you (November 4, 2024)
- Final regulations modernize process for sale of taxpayers’ property (November 4, 2024)
- NIL organization denied tax-exempt status (November 1, 2024)
- Fraudsters get $47 million from practitioner priority service line scheme (November 1, 2024)
- Annual inflation adjustments announced for tax year 2025 (November 1, 2024)
- IRS to end automatic penalties for late filing of foreign gift, bequest forms (October 29, 2024)
- Annual inflation adjustments announced for tax year 2025 (October 22, 2024)
- IRS processing 400K ERC claims with about $10 billion in eligibility (October 11, 2024)
- Social Security wage base announced for 2025 (October 11, 2024)
- Tax Court imposes penalty in family limited partnership estate case (October 9, 2024)
- Intangible property repatriation rules finalized (October 9, 2024)
- Final regulations target syndicated conservation easement transactions (October 7, 2024)
- Free tax filing expands to 24 states (October 3, 2024)
- IRS provides Helene relief; AICPA seeks BOI, FBAR filing extensions (October 3, 2024)
- Key takeaways from recent tax-related Supreme Court decisions (October 2, 2024)
- IRS increases special per diem rate for business travel (September 23, 2024)
- How Congress might handle estate tax changes (September 18, 2024)
- Final regulations issued on consistent-basis and basis-reporting rules (September 16, 2024)
- Proposed regulations would exclude tribal general welfare benefits from income (September 13, 2024)
- Expect a lower Social Security COLA in 2025 (September 9, 2024)
- IRS seeks comments on SECURE 2.0 saver’s match contributions (September 6, 2024)
- Global tax trends: What CPAs need to know now (September 5, 2024)
- Tax Court lacks jurisdiction because notice of deficiency was invalid (September 1, 2024)