Chicago Accounting Blog

Accounting news and information

Crisis Alert: How To Stay Calm And Remain In Control When Your Business Is Going Down

  You create it. You nurture it. You care for it. You pay close attention to its every need and do whatever you can to make sure these needs are taken care of. When it falls upon hard times, you … Continue reading

Compasses: How Financial Statements And Ratios Can Guide Your Business

  Accounting Solutions Ltd. takes immense pride in serving Chicago businesses. With over twenty years of experience under our collective, our CPAs conduct their day-to-day operations around the values of transparency, customer service, and, of course, accurate accounting. While many … Continue reading

Advice For Self-Employed Taxpayers For When The Taxman Comes Around

Nobody in the history of ever has described self-employment as being a walk-in-the-park endeavour. Even for those who have not experienced what it is like to be self employed or the owner of a small business, countless movies, books, and … Continue reading

Happy Tax Season, It’s Time To Discuss… Debt

Tax season is hardly (if ever) lauded for being one of the best times of the year. Not once in our decades of existence, have any of the staff here at Accounting Solutions Ltd. borne witness to any of our … Continue reading

There Be Monsters: Three Tax Myths That You Should Be Mindful Of This Tax Season

There is a cliché saying that goes something like, ‘things get better with age’. While this adage certainly applies to say, wine and cheese, it is certainly not applicable in every scenario. Tax season, for example, is generally a time … Continue reading

Digital Marketplaces: Accounting In The World Of E-Commerce Is Not As Simple As It Seems

If there were one word that has become more and more prevalent within the world of businesses, both large and small, over the past decade or so, it would have to be ‘diversification’. The rise of the Internet and the … Continue reading

Ecommerce Accounting for Beginners

Launching your online store can be a remarkable milestone for your businesses. You are ready to share your products with the world and you certainly worked hard to get there. Sadly enough, after the initial excitement has worn off, it … Continue reading

Ten Invaluable Accounting Tips For Any Small Business Owner

Let’s face it – for the average person, accounting hardly has the most stellar reputation. When it comes to the nitty gritty of crunching numbers, analyzing spreadsheets, and cross-referencing data, most business owners are not particularly keen to jump right … Continue reading

Dodging Pitfalls: How To Manage Your E-Commerce Business With Minimal Headaches

Entrepreneurs are quick to jump aboard the bandwagon when it comes to E-Commerce based business. To be fair, for many small or new organizations stepping into the E-Commerce realm, the basic finances required to get the company off the ground … Continue reading

Income Tax And Rental Properties: Some Things To Consider

With a population of close to three million, Chicago is America’s third largest city. In terms of the housing market, this translates into 1,194,337 households within the metropolitan limits, about half of Illinois’ grand total. Since the affordability of properties … Continue reading