Chicago Accounting Articles

Small Business Sales Tax Audit Chicago Illinois

Updated July 28, 2015   Small Business Sales Tax Audit Chicago Illinois   Because of the cash that can be involved in your business, small businesses have always been a target for sales tax auditing.   As a top rated accountant in Chicago, we are...

Small Business Offer And Compromise System Chicago Illinois

Updated July 28, 2015   Small Business Offer And Compromise System Chicago Illinois   So what does one do if we owe a lot of tax, and simply can’t pay it? If you are a professional involved in Small Business in the Chicagoland Area, then you probably...

Financial statements for a durable goods company Chicago Illinois

Updated July 24, 2015   Durable Goods Company Financial Statements Chicago Illinois   The main difference in these types of financial statements is inventory. The problem is generally a valuation issue.   If your in the business of selling used...

Tax In Chicago Illinois

Updated July 24, 2015   Tax In Chicago Illinois The City of Chicago imposes various taxes on business entities. A short list of the most relevant follows: Airport departure (8500) Amusement (7510) Cigarette (7506) Employer’s expense (7540) Foreign fire insurance...