Callero & Callero, LLP

Callero & Callero, LLP

Local CPA firm in business since 1960 We provide accounting, tax planning, tax preparation, audits, reviews, and compilations.

We are an IRS authorized e-file provider.

Photos from Callero & Callero, LLP's post 09/23/2022

Callero & Callero LLP volunteering at Lambs Farm today as part of the CPA Day of Service.

2022 State of Illinois Tax Rebates - 2022 Illinois Tax Rebates 08/29/2022

Please keep an eye out for 2022 State of Illinois Tax Rebates.

https://www2.illinois.gov/rev/programs/Rebates/Pages/Default.aspx

2022 State of Illinois Tax Rebates - 2022 Illinois Tax Rebates Anyone, 6 months of age and older, is eligible to receive the COVID-19 vaccine. Find your nearest vaccination location at vaccines.gov.

07/08/2022

Join us in wishing our Office Manager Karen Ugel Nickerson Allen a "Happy Retirement." Thank you for 42 years of dedicated service to the firm. Our clients, staff and vendors will miss you.

06/15/2022

State Sales Tax Holiday August 5 -14, 2022

The state sales tax holiday is a 10-day period during which consumers can purchase certain clothing and school-related items and pay sales tax a reduced rate. The state's portion of sales tax due throughout the holiday is reduced by 5 percent (5%) from 6.25% to 1.25%.

06/03/2022

Effective July 1, 2022, through June 30, 2023, Public Act 102-0700 requires retailers to notify customers of the suspension of the state one-percent (1%) low rate of sales and use tax on retail sales of groceries.

02/03/2022

The IRS announced the beginning of the 2022 tax filing season on January 24th. Everyone is encouraged to have all the information they need in hand to make sure they file a complete and accurate return. Having an accurate tax return can avoid processing delays, refund delays and later IRS notices.

This is especially important for people who received advance Child Tax Credit payments or Economic Impact Payments (American Rescue Plan stimulus payments) in 2021; they will need the amounts of these payments when preparing their tax return. The IRS is mailing special letters to recipients, and they can also check amounts received on IRS.gov.

12/30/2021
12/22/2021

Congratulations to Gary Johnsen on being named the new Managing Partner of Callero & Calllero LLP.

12/21/2021

Merry Christmas from Callero & Callero, LLP.

12/21/2021

We caught an elf!

12/21/2021

Secret Santa stopped by the Callero office this morning. It looks like there were a lot of well behaved Accountants this year.

10/06/2021

A reminder about the upcoming October 15 due date to file 2020 tax returns that were on extensions

04/22/2021

The U.S. Small Business Administration (SBA) is awarding funding through the Restaurant
Revitalization Program to restaurants, bars, and other similar places of business that serve food
or drink. The purpose of this funding is to provide support to eligible entities that suffered
revenue losses related to the COVID-19 pandemic.

Please visit https://restaurants.sba.gov/ for additional information on how to apply.

SBA Restaurant Revitalization Fund The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business...

Restaurant Revitalization Fund 04/22/2021

Restaurant Revitalization Fund (sba.gov)

sba.gov/restaurants

Restaurant Revitalization Fund This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19.

04/20/2021

Working from home today. It’s always good to have a “tax buddy” to keep you company. This is my dog Jax. He is a Havanese.

04/09/2021

Mini Donut Factory donuts this morning for the hard working staff of Callero & Callero LLP.

03/24/2021

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Gov. Pritzker also announced that his administration is extending the individual income tax filing and payment deadline from April 15 to May 17. The filing extension does not apply to estimated tax payments that are due on April 15, 2021.

Photos from Callero & Callero, LLP's post 03/17/2021
Get My Payment | Internal Revenue Service 03/16/2021

The IRS updated its Get My Payment tool on Sunday, allowing users to check the status of their stimulus checks. To check your “2021 Economic Impact Payment,” visit https://www.irs.gov/coronavirus/get-my-payment and fill out your info, including Social Security Number, birthdate, address and zip code.

Get My Payment | Internal Revenue Service Use Get My Payment to get information about your payment status and payment type.

COVID-19 Community Recovery Initiative | CookCountyIL.gov 06/09/2020

Cook County’s Community Recovery Fund. Cook County President Toni Preckwinkle announced that applications are now OPEN for the Community Recovery Loan Fund for the next 10-days.

This program will serve Suburban Cook County businesses with less than 25 employees and less than $3 million in annual revenue, or independent contractors with less than $100,000 in yearly income who earn at least 50 percent of their revenue from contracting work. Self-employed, independent contractors such as rideshare drivers and other industry workers residing in Suburban Cook County are eligible.

This is a $10 million Community Recover fund offering one-time, zero-interest loans of up to $20,000 for small businesses and up to $10,000 for independent contractors. Please note, loans are only available to businesses and independent contractors located in Suburban Cook County.

Applications are only open for ten days and the following will be considered in review:
- Eligibility – Applicants must meet all the criteria identified in the form, submit all the requested materials, and submit them via the portal by June 18th, 2020. Incomplete applications will not be considered.
- Geography – Loans will be awarded across all Suburban Cook municipalities.
- Priority will be given to applicants located in Economically Disconnected Areas or Disinvested Areas and businesses owned by women, minorities, persons with disabilities, or veterans.

Online applications for the loans are now being accepted until June 17th, 2020 and are available in English and Spanish. To apply and to find additional information, please visit

https://www.cookcountyil.gov/recovery

COVID-19 Community Recovery Initiative | CookCountyIL.gov

Economic Impact Payments | Internal Revenue Service 04/16/2020

Are you eligible for an Economic Impact Payment?

https://www.irs.gov/coronavirus/economic-impact-payments

Economic Impact Payments | Internal Revenue Service We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

04/10/2020

Today the IRS launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return.

The non-filer tool, provides a free and easy option designed for people who don’t have a return filing obligation, including those with too little income to file.

The feature is available only on IRS.gov, and users should look for Non-filers: Enter Payment Info Here to take them directly to the tool.

COVID-19 Federal, State & Local Resources | 03/30/2020

SomerCor--a resource for small businesses.

https://bit.ly/2wEAlHK

COVID-19 Federal, State & Local Resources | FEDERAL, STATE & LOCAL BUSINESS FINANCING RESOURCES Small Business Administration Economic Injury Disaster Loan (Federal) Illinois Treasurer Business

03/25/2020

The deadline for filing State of Illinois income tax returns will be extended three months to July 15.

03/18/2020

On Tuesday, the IRS announced that most Americans can get a three-month reprieve to pay their income taxes for 2019.

The IRS will postpone the April 15 tax deadline by 90 days for millions of individuals who owe $1 million or less and corporations that owe $10 million or less.

Please understand that the deadline to file has NOT been extended. Taxpayers still have to meet the April 15 deadline if they are expecting a refund or are requesting a six-month extension, but they can defer payment for up to 90 days beyond that.

Niles, IL CPA, Accounting Services, Tax Return Preparation 03/16/2020

Instructions on how to securely send your tax documents electronically.

Please visit our website:

https://www.callero.com/secure-file-exchange.php.

1. At the top of the page there is a tab which reads "Send us
a File Securely." Please click on that tab.

2. On the next page - please select "Send us a File
Securely" again.

3. At the bottom of the next page - please select "Securely
send us a File (LAUNCH) and another window will open up
where you can enter your name, email address and select
a member of the firm that should receive your documents.

*** Please keep in mind that if you have more than one
document--- it would be easiest to scan all your documents
into ONE file and create a zip file to upload otherwise it will
only let you upload one document at a time.***

Niles, IL CPA, Accounting Services, Tax Return Preparation Callero & Callero LLP is a full service CPA firm located in Niles, IL

03/14/2020

As the news regarding the spread of the Coronavirus continues to come out and evolve, we are doing our best to monitor it and keep everyone's best interests in mind. We would like to encourage our clients to mail in or drop off their returns.

02/19/2020

Have you been asked to complete a NEW, redesigned W-4?

Employees who have furnished Form W-4 in any year before 2020 are not required to furnish a new form merely because of the redesign.

The form is divided into 5 steps. The only two steps required for all employees are Step 1, where you enter personal information like your name and filing status, and Step 5, where you sign the form.

Complete Steps 2 - 4 only if they apply to you. Doing so will make your withholding more accurately match your liability.

Photos from Callero & Callero, LLP's post 11/12/2019

Congratulations to our client Avenue Fashions and the owner Sandy Panuce on celebrating 70 years in business.

Photos from Callero & Callero, LLP's post 09/20/2019

Today we volunteered at Lucille Resale in Arlington Heights as part of the 2019 CPA Day of Service. We mopped floors, cleaned vases, reorganized shelving units and reorganized supplies. It was a great day of volunteering! Here are some pictures from our day!

09/19/2019

Illinois Department of Revenue spokesman Illinois Tax Amnesty Program is open to anyone who has unpaid tax liabilities from July 1, 2011, to June 30, 2018. People with unpaid tax liabilities can send in the balance of their tax liability to the state and fill out the necessary paperwork to get their fees and interest waived on the penalties.

The window to take advantage of the tax amnesty program begins Oct. 1. Taxpayers will have until Nov. 15, 2019, to make full payment on their unpaid taxes.

09/16/2019

If you timely requested an automatic 6-month extension of your 1120S, your return and any tax due is DUE TODAY.

Photos from Callero & Callero, LLP's post 08/23/2019

It’s our annual outing at Top Golf.

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Click here to claim your Sponsored Listing.

Videos (show all)

Christopher A Murschel speaking on the 2017 Tax Cuts and Jobs Act at the Chicagoland North Corvette Club this evening.  ...

Telephone

Address


1700 E Higgins Road, Suite 300
Des Plaines, IL
60018

Opening Hours

Monday 9am - 4pm
Tuesday 9am - 4pm
Wednesday 9am - 4pm
Thursday 9am - 4pm
Friday 9am - 4pm

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