Accounting
for small businesses
Tax Solutions
for small businesses
About Us
meet our team
Tutorials
for small businesses
Contact Us
our chicago office
Common Accounting Questions
Search by Question
Use the drop down below to find a frequently asked question
Select FAQs
How are shareholder distributions reported on Schedule K-1 when using the S-Corp Form 1120S for my income taxes?
What are the IRS Audit procedures?
What are the rules that determine if I have employees or independent contractors?
What are the rules regarding tax fraud and the commingling of funds?
What are the differences that I have to look out for in accounting for my medical practice?
Who is responsible for unemployment tax, once an ex-employee has filed a claim? How will this affect my business?
I’m being audited by the IRS and don’t have my source documents. What do I do?
Can the IRS audit me two times in two years?
How do I pay off my federal tax lien?
How long am I supposed to keep my company records?
What is Illinois Use Tax?
How do I prepare a 941 quarterly withholding payroll tax form?
How do I determine my 941 tax deposit liability?
Why are the dates on a financial statement important?
How do you do financial statements for an LLC or an LLP?
What is the mailing address for my corporate income tax return form 1120 or 1120S?
What is the 941 short form in conjunction with the EFTPS payment system?
What are the strengths and weaknesses of the revenue cycle?
What are the due dates on my corporate income return forms 1120 and 1120S?
A former employee has filed for unemployment. What do I do now?
What are the ethical standards and responsibilities that a CPA or tax accountant has to a client?
How far back in time can the IRS audit?
How do I amend my IRS Form 941?
What is the sales tax rate in Chicago? Illinois Sales Tax Rate
How do I find my Illinois Business Tax Number?
Testimonials
Our Yelp Reviews
Accounting FAQs
Illinois Sales Tax Rates
Accounting Articles & Resources
(773)-267-7500
chris@accountingsolutionsltd.com