Certified Public Accountants serving Hinsdale and the surrounding communities since 1997.

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Welcome and thank you for visiting Brummet & Olsen LLP. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).

While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you. Become a fan of our firm on Facebook by clicking our name below, and follow our blog using the link located under the Blogger logo. These social media resources provide additional access to current tax and accounting topics. Feel free to add your comments. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.

Quick Books

 

Tax Alerts
Tax Briefing(s)
2025 Post-Filing Season Update2024 Tax Year in Review2024 Post-Election Tax Policy Update
Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
IL - Treatment of tariffs discussed
Illinois issued a general information letter discussing the application of sales and use tax to tariffs. The identity of the person legally responsible for paying the tariff under federal law is the c...
IN - May 2025 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of May 2025, is $0.178 per gallon. Departmental Notice #2, Indiana Department of Revenue, May 2025...
MI - Interest rate on overpayment and underpayment of taxes announced
The Michigan interest rate on the underpayment and overpayment of taxes decreases to 8.66% for the period of July 1, 2025 through December 31, 2025. Revenue Administrative Bulletin 2025-6, Michigan D...
WI - Untimely submission of petition for review dismissed by commission
The Wisconsin Tax Appeals Commission dismissed a petition for review due to its untimely submission. The Department of Revenue had issued two Notices of Office Audit Amount Due to the petitioners. In ...
Earned Income Tax Credit Marks 50th Year Aiding Working Families (IR-2025-38)
The IRS acknowledged the 50th anniversary of the Earned Income Tax Credit (EITC), which has helped lift millions of working families out of poverty since its inception. Signed into law by President ...
Applicable Terminal Charge and SIFL Rates for Determining Value of Noncommercial Flights on Employer-Provided Aircraft Issued (Rev. Rul. 2025-09)
The IRS has released the applicable terminal charge and the Standard Industry Fare Level (SIFL) mileage rate for determining the value of noncommercial flights on employer-provided aircraft in effect ...
IRS Urges Taxpayers To Review Withholding Early To Avoid Surprises Next Filing Season (IR-2025-52)
The IRS is encouraging individuals to review their tax withholding now to avoid unexpected bills or large refunds when filing their 2025 returns next year. Because income tax operates on a pay-as-you-...
IRS Whistleblower Office Unveils First Multi-Year Operating Plan To Strengthen Program Oversight (IR 2025-40)
The IRS has reminded individual taxpayers that they do not need to wait until April 15 to file their 2024 tax returns. Those who owe but cannot pay in full should still file by the deadline to avoid t...
IL - Treatment of tariffs discussed
Illinois issued a general information letter discussing the application of sales and use tax to tariffs. The identity of the person legally responsible for paying the tariff under federal law is the c...
IN - May 2025 gasoline use tax rate announced
The Indiana gasoline use tax rate for the month of May 2025, is $0.178 per gallon. Departmental Notice #2, Indiana Department of Revenue, May 2025...
MI - Interest rate on overpayment and underpayment of taxes announced
The Michigan interest rate on the underpayment and overpayment of taxes decreases to 8.66% for the period of July 1, 2025 through December 31, 2025. Revenue Administrative Bulletin 2025-6, Michigan D...
WI - Untimely submission of petition for review dismissed by commission
The Wisconsin Tax Appeals Commission dismissed a petition for review due to its untimely submission. The Department of Revenue had issued two Notices of Office Audit Amount Due to the petitioners. In ...