We understand the value of peace of mind. Placing your tax compliance obligations in the hands of capable experts not only saves you time and money but also grants you the assurance that your filings are being handled in an accurate and efficient manner.
We are diligent in remaining on top of the ever-evolving tax code, whether that be a major overhaul (the Tax Cuts and Jobs Act passed in late 2017) or amended IRS guidance as a result of annual revisions. Through our preparation process, we seek out tax and operational deficiencies in support of our philosophy that continually adding value to our clients is a top priority.
We prepare business tax returns for sole proprietors, partnerships, LLCs, S-Corporations and C-Corporations. Whether your business operates in Illinois only or has locations in multiple states, we can prepare and file your State and Federal taxes.
Tax liability mitigation and strategic planning have never been more relevant. Given the changing landscape of the tax code now and in the future, tax planning opportunities have remained crucial to the success of family finances and business operations. Between annual tax liability planning or more strategic advisory, we are committed to minimizing your tax liabilities and taking advantage of your future opportunities - while remaining in full compliance with IRS guidelines.
Having a tax return selected for audit by the IRS can be an intimidating and time-consuming endeavor. Audits have the potential to take a significant amount of time away from career and family, which often requires a large amount of work in record collection in order to substantiate each and every item reported for the tax year in question and develop a comprehensive understanding of tax law. The IRS is adamant in its mission to determine the accuracy of the tax return that is under scrutiny. Furthermore, if timely compliance isn’t met at the auditor’s request, the IRS has the capability to recalculate tax liabilities at their discretion, complete with penalties and interest.
Depending on your business structure and number of employees, we'll use wages as a vehicle for comprehensive tax planning. Through wage and withholding manipulation, we're able to position shareholder payroll in a format that reduces administrative burden while effectively addressing your tax liability obligations. More involved payroll needs (non-owner employees) are likely better suited for third-party payroll providers that specialize in addressing full-service payroll needs
If you are a new entrepreneur or starting your second venture, we can provide the expertise and guidance small businesses need in order to start off with the right footing and ensure success in the future. Our team can guide you through the process of entity selection, provide valuable tax planning advice, and help you set up your accounting systems to efficiently operate your business.