If you’re looking for a firm that will focus on your individual needs, and always treat you like a customer who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
Whether you need quality financial planning, tax preparation, or small business services, we’ll thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Tax Planning & Preparation
The goal with tax planning is to minimize liability in current and future tax years. Some examples of tax planning include: deciding whether to file jointly or separately, timing the sale of an asset, and estate planning. Tax preparation is one of our most popular services because we can lend an experienced, professional eye to your tax return and ensure that you get the highest return possible. We prepare Federal and all State tax returns throughout Illinois and across the country.
Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc. – that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Accounting Software Selection & Implementation
With the vast amount of accounting software available today, it is important to find a program that is reputable and appropriate for your business. We are experienced with multiple types of software, and can recommend a suitable program for your accounting needs.
IRS Representation
IRS audits can be a long, arduous process; however, with our assistance, we can ensure the process runs as smoothly as possible. Our team of experienced professionals can ensure that you are being properly represented when dealing with tax authorities.
Bookkeeping/Write-Up
If your business does not currently have accounting staff or if your business is outgrowing its current bookkeeping system, we can provide comprehensive bookkeeping and write-up services to ensure the smooth operation of the financial side of your business. As your business needs grow and change, we can provide input and planning assistance to make sure your accounting and financial systems keep pace with your business needs.
Payroll Services
Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners. Our firm can help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
Sales Tax Services
Many businesses are responsible for sales taxes. We can assist your company with the preparation of sales tax returns in an efficient and timely manner.
Business Consulting
As true business partners, we are available to help you deal with any business problem or opportunity. We stand ready to engage in business consulting projects to help you make the right decisions for the future of your business. Whether you face questions related to expanding, selling or restructuring your business, we have the necessary business acumen and analytical capabilities to help you make the right decisions.
Retirement Planning
There are many different types of retirement plans available, including an Individual Retirement Account (IRA) and a 401(k) plan. Most plans have different rules and guidelines, including details such as when the money can be withdrawn. For this reason, it is important to enlist a professional tax accountant. Our staff can assist you with your retirement planning needs.
Investment Review
The practice of investing is to commit money or capital in order to gain a financial return. Investing can be a long and difficult process, with many factors that need to be considered before making a decision. Our team of financial professionals can assist you with this complex process.
Financial Statements
Financial statements are an important tool for management decision making. Financial statements also represent your business to lenders, partners, potential buyers and other interested parties. We will work closely with your key personnel to develop and finalize accurate and timely financial statements.
Buying or Selling a Business
Entrepreneurship is a risky business. There are many factors to consider before making an educated decision. If you are trying to sell your business, it is important to be smart about how you make your exit. Our staff will assist you with all facets of business buying and selling to ensure minimal financial liability.
Financial Analysis
Financial statements are prepared to meet external reporting obligations and also for decision making purposes. They play a dominant role in setting the framework of managerial decisions. Our team of professionals can interpret your financial data in order to minimize financial liability.