What Our Clients Say About the CK Way

At Cray, Kaiser Ltd., we believe the relationships we build with our clients makes us more than just an accounting firm. Client satisfaction is our number one goal, which is why we regularly solicit feedback at the conclusion of projects through an online satisfaction survey. Through the use of the Net Promoter Score (NPS) method, we are able to determine if we are providing our clients with long-term value while developing their loyalty.

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Illinois’ Midyear Tax Hike Surprise

Last week the Illinois Senate and House passed the state’s budget bill. Part of the new budget requires the individual and corporate tax rates to be raised. The state also made some changes to credits, deductions and additions to income. Below you will find some highlights of the new rules.

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2017 Midyear Nonprofit Updates

At Cray Kaiser, we’re always looking for ways to stay up-to-date on the ever-changing nonprofit policies. It’s especially important now since many organizations are beginning a new fiscal year on July 1. This month, we attended the 36th Annual Conference for Not-For-Profit Organizations hosted by Chicago-Kent College of Law. The conference provided several takeaways that will directly impact our nonprofit clients. If any of these issues raise questions for your organization, please do not hesitate to contact us today.

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Trump Tax Reform: To Be or Not to Be in 2017

In the last seven months, the 2016 presidential election results brought optimism to many closely-held business owners who foresaw the promise of lower taxes from the new administration. However, that optimism is turning into impatience as the government’s summer recess looms.

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New Sick Leave Laws to Take Effect July 1

Both the City of Chicago and Cook County have enacted new sick leave ordinances which require employers to provide employees with up to 40 hours of paid sick leave per year. The two ordinances mirror each other with the primary difference being the geographic area covered by the laws.

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Update: Illinois Tax Rate Change Effective July 1

Effective July 1, 2017, certain locations in Illinois will be changing their local sales tax rates. As a result, computer systems, cash registers and other systems used to compute sales tax should be updated to accommodate these changes. Please be sure to review the list to see if your location will be affected.

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Cray Kaiser featured in Family Business Magazine

Cray Kaiser is proud to be featured in the January/February 2017 edition of Family Business Magazine! Are you including the next generation of your business leaders in your accounting conversations? The article, Exposure to accounting decisions is a key part of leadership training, was written by Karen Snodgrass and explains why it is important to involve the next generation of leadership in financial discussions.

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Urgent Update: Department of Labor Overtime Pay Ruling Blocked

The last few months we have been keeping you in the loop about the Department of Labor’s updated policy on overtime pay. You may have seen in the news last week that a federal judge in Texas has blocked this ruling. With the change currently in limbo, you are not required to make any changes to your overtime policy before December 1st.

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