Fates, Bodily, & Parker, PLLC

Fates, Bodily, & Parker, PLLC Advice Driven Accounting and Financial Services

Happy Thanksgiving from all of us at Fates, Bodily & Parker! 🦃 🍂 We’re thankful for our clients, colleagues, and communi...
11/27/2025

Happy Thanksgiving from all of us at Fates, Bodily & Parker! 🦃 🍂 We’re thankful for our clients, colleagues, and community.

Our team enjoyed a festive Thanksgiving lunch at Pendulum Partners, catered by Frato's Kitchen in Schaumburg. 🦃 From mas...
11/26/2025

Our team enjoyed a festive Thanksgiving lunch at Pendulum Partners, catered by Frato's Kitchen in Schaumburg. 🦃 From mashed potatoes to brownies, it was the perfect way to celebrate together.

Today, and every day, we honor the men and women who have served our country. 🇺🇸 Thank you.
11/11/2025

Today, and every day, we honor the men and women who have served our country. 🇺🇸 Thank you.

Tax planning is most effective when it’s proactive.Recent updates to the U.S. tax code increased the Section 179 deducti...
11/07/2025

Tax planning is most effective when it’s proactive.

Recent updates to the U.S. tax code increased the Section 179 deduction limit to $2.5 million for 2025, with the phase-out beginning once total qualifying purchases exceed $4 million. Businesses can expense a larger portion of eligible assets—such as equipment, software, and technology—placed in service this year.

Additionally, Section 168(k) reinstated 100% bonus depreciation for qualifying property acquired and placed in service after January 19, 2025, while assets purchased before that date remain subject to the reduced 40% rate.

These provisions allow businesses to deduct more upfront, improving cash flow and reducing taxable income. To benefit, purchases must be placed in service by December 31, 2025 and meet IRS business-use requirements.

FBP helps Illinois businesses evaluate these rules and plan strategically for year-end deductions, equipment financing, and timing considerations.

📊 Reach out to our team to review your 2025 tax strategy before year-end.

Q4 is the ideal time to check in on your year-to-date performance and refine forecasts for the months ahead.When you mea...
11/05/2025

Q4 is the ideal time to check in on your year-to-date performance and refine forecasts for the months ahead.

When you measure the right things—margins, expenses, revenue trends—you can make informed decisions that protect profit and prepare for growth.

FBP helps businesses across Illinois & beyond use data to plan, forecast, and close the year with confidence.

🔗 Take our Accounting & Finance Readiness Assessment: https://3hmcftvc9m2.typeform.com/to/b0AOeKu3?typeform-source=fbpcpa.com

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115 W. Orchard Street
Itasca, IL
60143

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Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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