IRS Warns Taxpayers About Scams

February 10, 2022

The IRS warns taxpayers to be  aware and keep an eye out for scams regarding unemployment fraud. A WGN article from Nexstar Media Wire on gives details about these scams and the what to do if your ID has been stolen. Click the link below to find out more. NEXSTAR

IRS and Tax Refund Backlog

February 10, 2022

The IRS sends 1200 employees to help with tax refund backlog. A Bloomberg article on explains why this is being done and what the could entail. Click the link below to find out more. Bloomberg

14th Annual Christmas Party

December 17,2021

On Wednesday, December 15, 2021, We celebrated our 14th annual Christmas Party at the Weber Grill Restaurant in Schaumburg, Illinois.

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2021 Floyd, Malito and Company, Inc. Newsletter

December 17,2021

Last week, we sent out our newsletter to some of our clients and they will be receiving it in the mail in the days to come. Below is a PDF version of the newsletter that was sent out. If you have any questions about the newsletter please feel free to contact us.

2021 Floyd, Malito & Company, Inc. Newsletter

We are sharing a memo we received from the IDES.

The Illinois Department of Employment Security (IDES) would like to share updates from the agency, to better serve you and your employees:


Reporting Identity Theft Fraud

IDES has developed a reporting form for employers to report instances of identity theft which resulted in fraudulent claims being filed under the names of one or more of their employees. Please refer to this guide to securely submit an identity theft report at Additional guidance to protect employees against identity theft fraud is available on IDES’s employer fraud webpage. IDES respectfully request that all employer ID theft fraud claims now be submitted using the MyTax form and not through any individual IDES email accounts or telephone calls.


Phishing Schemes

Fraudsters are renewing their attacks posing as IDES representatives attempting to steal personal information via email, text and social media messages.  Please remain alert and vigilant to identify fraudulent communications.  IDES will never contact individuals via text message.  For further reference, see the Fraud & Phishing Alert and Phishing Schemes Press Release.


-IDES Team

IDES has shared updates against Phishing Fraud schemes. Click on some of the links for more information.

Cryptos and Taxes

Cryptocurrencies like Bitcoin and Ethereum are increasing in popularity. A POLITICO article on explains what it will mean and what is being done. Click the link below to find out more. POLITICO

Illinois Announces Grant Program for Small Businesses

An article from covers the news about Illinois announcing $250 million grant program for small business. Click the link below to find out more.