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)
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 - Volunteer emergency worker credit rule amended
Illinois amended a rule on the volunteer emergency worker credit to reflect a law change expanding the credit to individuals who volunteer for 100 or more hours during the tax year for a county or m...
IN - Railroad tax credit enacted for qualified infrastructure investment
A taxpayer may claim a credit against Indiana corporate or personal income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures.Credit AmountThe...
MI - Prepaid fuel tax rates announced
The Michigan prepaid sales tax rate for fuel increases to 16.1 cents per gallon for the period 1, 2025 through June 30, 2025. The rate for diesel fuel decreases to 18.1 cents per gallon. Revenue Admi...
WI - DOR bulletin issued
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 229 (April 2025). The Bulletin includes:General Updates and Reminders;Income and Franchise Tax Updates and Reminders;Sales ...
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 - Volunteer emergency worker credit rule amended
Illinois amended a rule on the volunteer emergency worker credit to reflect a law change expanding the credit to individuals who volunteer for 100 or more hours during the tax year for a county or m...
IN - Railroad tax credit enacted for qualified infrastructure investment
A taxpayer may claim a credit against Indiana corporate or personal income tax liability for certain qualified railroad expenditures and qualified new rail infrastructure expenditures.Credit AmountThe...
MI - Prepaid fuel tax rates announced
The Michigan prepaid sales tax rate for fuel increases to 16.1 cents per gallon for the period 1, 2025 through June 30, 2025. The rate for diesel fuel decreases to 18.1 cents per gallon. Revenue Admi...
WI - DOR bulletin issued
The Wisconsin Department of Revenue has issued Wisconsin Tax Bulletin Number 229 (April 2025). The Bulletin includes:General Updates and Reminders;Income and Franchise Tax Updates and Reminders;Sales ...