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Estimate Extension

WASHINGTON — The Internal Revenue Service reminds taxpayers that estimated tax payments for tax year 2020, originally due April 15 and June 15, are no...

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CARES ACT CHANGES TO CHARITABLE DONATIONS

IAAI NEWSFLASH By: Joel Shabsin, C.P.A. CARES ACT CHANGES TO CHARITABLE DONATIONSOne of the provisions in the CARES Act revolves around changes to the...

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IRS Enhances Get My Payment Online Application to Help Taxpayers

WASHINGTON – The Internal Revenue Service today announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother ex...

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Coronavirus Announcement

To whom it may concern,

We understand that everyone is concerned about Coronavirus. And we are as well, which is why we are taking precautions to kee...

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IRS Tip on Adoption

IRS Tax Tip 2020-33, March 10, 2020

Taxpayers who adopted or started the adoption process during 2019 should review the rules around the adoption cre...

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Mileage 2020

IR-2019-215, December 31, 2019

WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculat...

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Four Common Tax Errors that can be Costly for Small Businesses

IRS Tax Tip 2019-164, November 21, 2019

A small business owner often wears many different hats. They might have to wear their boss hat one day, and t...

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Website Make-over

Compton Accounting is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enhance our website and give ou...

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Tax Tip for Teachers

IRS Tax Tip 2019-137, October 2, 2019

Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom...

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Estimated Taxes

The U.S. tax system operates on a pay-as-you-go basis. This means that taxpayers need to pay most of their tax during the year, as the income is earne...

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IRS launches new Tax Withholding Estimator; Redesigned online tool makes it easier to do a paycheck checkup

WASHINGTON — The Internal Revenue Service today launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make...

Read more about IRS launches new Tax Withholding Estimator; Redesigned online tool makes it easier to do a paycheck checkup ➞

Taxpayers can file Form 2290 electronically to pay heavy highway vehicle use tax

IRS Tax Tip 2019-105, August 6, 2019

Taxpayers who must pay the heavy highway vehicle use tax should remember they can file and pay electronically.

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Good tax planning includes good recordkeeping

IRS Tax Tip 2019-97, July 23, 2019

Tax planning should happen all year long, not just when someone is filing their tax return. An important part of...

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Set Up Shop

Despite “the Amazon effect” on the world of retail, the dream of setting up a brick-and mortar retail space is still a reality.

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All taxpayers should check their wilthholding ASAP

All taxpayers should check their withholding ASAP

All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as...

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Contact Us

Altona Office

301 S. Depot St.
PO Box 279
Altona, IL 61414

e:  contact@comptonaccounting.com

p:  (844) 484-8881

f:  (866) 543-9873

New Windsor Office

504 Main St.
PO Box 67
New Windsor, IL 61465

e:  contact@comptonaccounting.com

p:  (844) 667-2315

Kewanee Office

531 S. Main St.
Kewanee, IL 61443

e:  contact@comptonaccounting.com

p:  (309) 856-8888

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