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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...
Read more about Four Common Tax Errors that can be Costly for Small Businesses ➞

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...
Read more about Website Make-over ➞

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...
Read more about Tax Tip for Teachers ➞

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...
Read more about Estimated Taxes ➞

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.
Read more about Taxpayers can file Form 2290 electronically to pay heavy highway vehicle use tax ➞

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...
Read more about Good tax planning includes good recordkeeping ➞

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...
Read more about All taxpayers should check their wilthholding ASAP ➞

Latest Threats

Lately we have been discussing cyber threats and what kind of preventive measures would be best to use to protect ourselves and our clients.
Read more about Latest Threats ➞

Small Business Deductions

IR-2019-93, May 10, 2019 WASHINGTON — During Small Business Week, the Internal Revenue Service reminds small business owners and self-employed indivi...
Read more about Small Business Deductions ➞

Where's My Refund?

Taxpayers filing their tax returns to meet the upcoming tax filing deadline should know that the easiest way to check on their tax refund is to use "W...
Read more about Where's My Refund? ➞
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Contact Us

Altona Office

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

e: 

p:  (844) 484-8881

f:  (866) 543-9873

New Windsor Office

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

e: 

p:  (844) 667-2315

Kewanee Office

531 S. Main St.
Kewanee, IL 61443

e: 

p:  (309) 856-8888

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