CPA firm serving Aurora, Naperville & Chicagoland, Illinois, and clients nationwide Mon-Fri 9-5, by appointmentClient portal →
Prem Tax & AccountingCPA · Aurora & Naperville, IL
Tax Center

Tax Center 2026

Brackets, limits, deadlines and news in one place, written in plain English and reviewed by a CPA.

Indian CPA and NRI tax guide

A U.S. CPA and Indian Chartered Accountant (CA): residency, India accounts and income, FBAR, PFIC funds, H-1B and green card tax.

Open →

Start-up tax guide

Entity choice, S election and 83(b) deadlines, QSBS, start-up costs and an Illinois first-year checklist, with a calculator.

Open →

Real estate tax guide

Depreciation and cost segregation, passive losses, short-term rentals, selling and 1031 exchanges, with a depreciation calculator.

Open →

Small business compliance guide

Cash or accrual, required books and records, employees vs contractors, year-end accruals, and S corporation owner pay, 2% shareholder rules and health insurance.

Open →

Business vehicle tax guide

Buy or lease, business use, mileage rate or actual costs, depreciation and Section 179, the lease inclusion amount and a compliance checklist.

Open →

Retirement savings guide

Solo 401(k), SEP, SIMPLE and cash balance plans for business owners: 2026 limits, deadlines and a contribution calculator.

Open →

Trump Accounts guide

How Trump Accounts work, how to claim your child's account, the $1,000 deposit, limits, taxes and employer rules.

Open →

2026 tax brackets

Federal brackets for single, married, head of household, separate filers, estates and trusts, with a tax estimator.

Open →

Important for 2026

New deductions, retirement and savings limits, business numbers and compliance changes.

Open →

Tax calendar

Federal and state deadlines, with this week first. Download to your calendar.

Open →

Tax questions answered

Short, sourced answers to the questions people ask most: refunds, deadlines, filing, deductions and income. A new answer is added regularly.

Open →

Business laws: federal, Illinois and Cook County

Plain-English guides with slide shows, tables and charts to the laws that touch small businesses: wages, discrimination, safety, entities, consumer and privacy rules. General information only.

Open →

IRS Publication 17 in plain English

A short guide to each chapter of IRS Publication 17 for tax years 2023 to 2026: the rules, the numbers by year, an invented example and a quick check.

Open →

Tax news

Plain-English summaries of releases from the IRS, Treasury, FinCEN and states, with links to the source.

Open →

Tax rates and key numbers

Standard deduction, capital gains rates, contribution limits and state rate guide.

Open →

Did you know?

Little-known tax facts that can save you money or trouble.

Open →

Exchange rates and AFR

IRS and Treasury exchange rates, and Applicable Federal Rates.

Open →

Markets: stock lists, IPOs and forex

Live stock lists for the USA, Canada and India, IPO calendars, and currency rates with a converter, plus the tax notes for each. Information only.

Open →

Let's talk about your taxes, your business, your plans.

Tell us what you need and we will get back to you quickly. There is no pressure: just a friendly conversation and a clear next step.

Prem Tax and Accounting Corp
4260 Westbrook Dr, Suite 107
Aurora, IL 60504
Phone number (shown as a picture)Monday to Friday, 9:00 am to 5:00 pm, by appointment. Saturday and Sunday by appointment when needed.

Prefer a call back? Leave your number.

CallBook a call