Individual Tax Preparation Services

Our existing clients have found our continuous program of tax management more important than the actual return preparation. The best part is that many of our ongoing services are provided without charge.

We prepare your return in an efficient and accurate manner. Our is not a question answer session, we  review  the answers given by you and determine the most favorable method of reporting each item on your return. We ask you to bring a copy of last year’s return to the interview because some tax items carry forward from one year to the next. The accuracy and cost of your return are a direct function of the time you invest in  collecting the other information required to prepare your return.

For your convenience we offer electronic filing of both Federal and Illinois individual tax returns.

Business Tax Returns

There are several different types of business tax returns. Are you using the correct structure for your business? Let us show you the alternatives.
 

• Sole Proprietorship: Small Business Owner incorporated files Schedule C with personal tax return. All the earnings of the business subject to self-employment tax. Owner is held liable for Pacts of the business.
   

• Partnership: Business with at least two owners-not incorporated, but file a partnership tax return. Most of the earnings are subject to self-employment tax. At least one partner held liable for the partnership activities.
   

• Corporation: Separate and distinct entity. Subject to corporate taxes. Owners limited in the ways they can draw money from the company.
   

• S Corporation: Allows the owners more flexibility in receiving money from the company. Does not pay corporate taxes. Income and losses flow to the shareholders personal tax return. Earnings are not subject to self-employment tax. Several ways shareholders can reduce taxable income from the S Corporation.
   

• Limited Liability: Can be treated as corporation or partnership. Easier to form than a corporation.