Tax strategies, solutions, and advice

Accounting Articles

• Business Consulting (1)
  • Can you help get my business to produce profit?
• Business Continuation Planning (3)
  • What is business continuation planning?
  • What is a bona fide transaction?
  • Why is a business valuation necessary?
• E-commerce Accounting (2)
  • My website is losing money. Do you have an e-commerce solution?
  • Accounting for an e-commerce based business
• Estate Planning (5)
  • I just don't know where to start
  • What is splitting the estate?
  • What is probate?
  • Common mistakes made in small business succession and business continuity planning
  • Estate inheritance planning
• Ethics (6)
  • Ethical responsibilities and duties of accountants and CPAs to the public interest
  • Ethical responsibilities of CPAs and tax accountants to the client
  • Discipline versus tax evasion and tax evasion delusions
  • Overly-aggressive deductions can red-flag you and lead to fraud detection
  • Seeking revenge on an ex with an IRS audit
  • Tax fraud and commingling of funds
• Federal Income Tax (5)
  • Comprehensive tax return problems
  • Form 1120S distributions reported on schedule K-1
  • How to pay off a federal tax lien
  • Due dates: Form 1120 and 1120S
  • Mailing address: Form 1120S
• Federal Payroll Tax (4)
  • How to amend Form 941: Quarterly Withholding Tax Return
  • 941 deposit tax liability
  • 941 Short Form EFTPS (Electronic Filing Taxpayers System)
  • What is a 941 Quarterly Withholding Form?
• General Accounting (9)
  • Why are the dates on financial statements important?
  • Auditing and amending your tax return
  • Minority accounting firms in Chicago
  • Accounting revenue cycle strengths and weaknesses
  • Computer-based accounting
  • Financial statements for a durable goods company
  • Cost accounting basics
  • Cost accounting in Chicago
  • Finding an accounting service or CPA in Chicago
• Illinois Department of Revenue (3)
  • Finding your Illinois Tax ID Number
  • Chicago Sales tax rate
  • Delinquent taxpayer liability and the Illinois Department of Revenue
• Illinois Sales and Use Tax Audit (9)
  • Why was I chosen?
  • Chicago Sales Tax Audits
  • Scheduled tax audits in Chicago
  • What is sales tax?
  • What is use tax?
  • What is the audit process like?
  • What is an audit?
  • What if I don't have all of my source documents?
  • Sales and Use Tax audit firms
• Illinois Unemployment (4)
  • What is it and how does it affect my business?
  • What happens when a former employee files for unemployment?
  • What does it mean when I am responsible for the unemployment?
  • How should I prepare myself for future claims?
• IRS Audit (11)
  • How did I get selected?
  • What is the audit process like?
  • What is an audit?
  • What if I don't have all of my source documents?
  • An IRS agent’s routine audit questions about your business
  • An IRS audit on a business’ losses
  • IRS audit adjustment
  • Who should attend an IRS audit?
  • How far back in time can the IRS audit?
  • Can the IRS audit me two times in two years?
  • IRS audit payments / Help with IRS and back taxes in Chicago
• LLCs, LLPs, and Partnerships (3)
  • Form 1065 and individual taxes
  • Corporation LLC taxes and audit of limited liability tax returns
  • LLC and LLP financial statements
• Medical Accounting (1)
  • Medical practice accounting
• Non-Filers (4)
  • Business income taxes
  • Illinois sales & use tax
  • Federal payroll taxes
  • Unemployment taxes
• Payroll Tax Problems (2)
  • Employee versus independent contractor determination IRS common law rules
  • Non-filers
• Quickbooks Consulting (2)
  • What should I use my copy of Quickbooks or Peachtree to do?
  • I have a copy of Quickbooks, and the numbers don't make any sense. What should I do?
• Real Estate Taxation (2)
  • 1031 Exchange, Starker Exchange, Like-Kind Exchange, or Tax Free Exchange
  • Accounting for a Reverse 1031, Starker, Like–Kind, or Tax Free Exchange
• Record Keeping / Bookkeeping (5)
  • How long do I need to keep my records
  • Which records should I keep?
  • Should I try to do my own income statement and balance sheet?
  • Tax accountant and CPA correspondence and treatment
  • Basic accounting procedures
• Tax Planning (5)
  • What is tax planning?
  • Corporate tax planning checklist
  • What time of year should my accountant do tax planning?
  • Close corporation tax planning, strategies, and solutions
  • Tax strategies, solutions, and advice
• Trusts (3)
  • What is a trust?
  • What are the income tax rates?
  • What kind of trust is best for me or my situation?

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