Testimonials

Owning a small business for over 25 years has not been without its ups and downs. Accounting Solutions has been my accounting firm for over seven years and has repeatedly demonstrated their attention to detail, their understanding of small business finance, and a genuine concern for my business.

I strongly recommend Accounting Solutions to any business looking for dependable, creative and accurate accounting services.

— Marc S. Rosenbaum, President, MSR Advertising, Inc.

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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 Partnership Return (2)
- Form 1065 and individual taxes
- Corporation LLC taxes and audit of limited liability tax returns
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 (6)
- Why are the dates on financial statements important?
- Minority accounting firms in Chicago
- Accounting revenue cycle strengths and weaknesses
- Computer-based accounting
- Financial statements for a durable goods company
- Cost accounting basics
Illinois Department of Revenue (2)
- Finding your Illinois Tax ID Number
- Sales tax rate in Chicago
Illinois Sales and Use Tax Audit (7)
- Why was I chosen?
- 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 (9)
- 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?
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 (4)
- What is tax planning?
- 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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