Sep 1, 2015 | Tax Planning
September 1, 2015 Small Business Tax Accountant in Chicago Illinois I just had a meeting with a brand new client. They were referred into us from an existing client. (I love referrals.) The point is that the new client’s story though tragic, is now...
Jun 26, 2015 | Consulting, General Accounting, Small Businesses, Tax Planning
June 26, 2015 I just had a meeting with a newer client that in many ways demonstrated the all-encompassing job of a Corporation CPA Tax Preparation Chicago Illinois. They started their business as a sole proprietorship a couple of years ago. As it grew, the...
Jun 4, 2015 | Federal Income Tax, Federal Payroll Tax, Payroll Tax Problems, Tax Planning
June 4, 2015 Tax for Self Employed – How can I reduce my Self Employment Tax Chicago Illinois? Self Employment Tax is one of the major issues that we deal with in Business Tax Preparation. The problem is that it is so expensive in lower and middle income...
May 5, 2015 | Federal Income Tax, Federal Payroll Tax, LLCs, LLPs, and Partnerships, Payroll Tax Problems, Tax Planning
Updated July 1, 2015 Many new clients will ask me the benefits between S Corp vs LLC. The primary issue in entity choice is a legal decision, which means that this is something that you should be talking to your attorney about. I cannot discuss any legal...
Apr 20, 2015 | Federal Income Tax, Federal Payroll Tax, LLCs, LLPs, and Partnerships, Payroll Tax Problems, Tax Planning
Preparation of an LLC or Limited Liability Company Tax Return generally comes in four different categories, those being… – Schedule C on Form 1040 – Schedule E on Form 1040 – Form 1065, U.S. Return of Partnership Income – Form...
Oct 26, 2014 | IRS Audit, Tax Planning
We have seen a large increase in the number of sales tax audits occurring not just in Chicago, but the entire State of Illinois. It seems that whenever the State runs out of money, they simply increase the number of audits. This in turn, increases their revenues. The...
