All of our accountants follow a rigorous process established by The A.C.T. Group, LLC to ensure complete compliance and accuracy. Whether your company is just starting, growing rapidly, or in need of a little help, we have the accounting solution for you. Let us help set you up for success by designing your accounting system and training you and your staff.

The importance of hiring a firm like Odoni Partners is that it offers you some kind of insurance against any ineffective financial management. This means that we can offer advice on the type of business to venture into, depending on https://www.bookstime.com/ the available capital. We can help strategize on how your company will make profit within a stipulated amount of time. Financial integrity is the most important aspect of any small business, especially during its initial stages.

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We can also forecast future cash flow based on past spending patterns. Of course, our analysis takes place in the context of your industry because every industry has varying needs. The number one reason that businesses fail isn’t because of a poor business idea–it’s simply learning to manage your assets effectively. Even if your business is not currently profitable, we can guide you towards cash flow positive. All CPAs near Chicago, IL are certified by the state, indicating a base level knowledge of accounting principles.

• Let us handle the books and numbers, allowing you the time to do what you do best.
• Owning a small business can be one of the best things for one to experience, or it could end up becoming a headache that just won’t go away.
• Many small business owners tend to think that they can take charge of the financial aspect of their business, only to realize that it is not as easy as they think.
• We also work with personal accounts, especially those with complicated tax, investment, or savings situations.
• We’re a local Chicago accounting firm servicing small business, estates and trusts in tax preparation, bookkeeping, tax CPA, audit tax and preparation, and customer support.

Our bookkeeping services in Chicago rely on the use of QuickBooks for its power, versatility, and accuracy. QuickBooks sets the industry standard, and we know it inside and out. You could learn to harness its power on your own, or you could just turn to a team of trusted experts that already has tons of experience. We offer cash flow analysis, reporting, and financial statement preparation to identify cost savings and added value.

Free price estimates from local Tax Professionals

When you become our client, we get to know you in order to become an insightful business partner who understands your financial challenges and are ready to offer real solutions. Whether your business is large or small, John Joseph Griffin, CPA, P.C. CPA always supplies personalized support and reliable financial advice you can count on. Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers.

If you no longer feel like you have control of your books, give us a call. We will manage your business finances and keep you on the right track. Website builder for accountants designed by Build Your Firm, providers of accounting marketing services. One of the advantages of remote services is being able to help clients from the Atlantic to the Pacific. Managing your books and keeping everything accurate can take a lot of work, but it’s worth it in the end.

All “small business accountant” results in Chicago, Illinois

We can help you save money, run your business productively, train your staff, and prepare you for profitability. Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. Census Bureau reports that business applications are still increasing slightly (up 0.4% from April 2023 to May 2023). Holistic accounting means that we serve you best through the thoughtful understanding of your whole business and personal values, not just numbers. Future-proof your business with ongoing cash flow monitoring.

• In addition, we will note areas that need immediate action, in order to prevent red flags that lead to IRS audits.
• We can also make plans for necessary changes in business expenses to ensure there are no additional costs that would affect your business negatively.
• Certain questions you might have about small business accounting might be among the queries we frequently answer anyway.
• Our team of experts specializes in accounting and business services and can use their expertise to help your business meet its short- and long-term goals.
• Financial integrity is the most important aspect of any small business, especially during its initial stages.
• Massey and Company CPA provides one-stop CPA tax services for small businesses in Chicago, including small business tax preparation, tax planning and sales tax services.

For example, they can consult you on taxes and other accounting needs. Massey and Company provides a full range of CPA tax and accounting services, including tax representation and tax debt relief solutions. We handle offers in compromise, installment agreements (payment plans), currently non collectible status, liens, levies, wage garnishments and appeals. We have deep experience with the IRS Statute of Limitations, which is a requirement for IRS negotiation. Our accountants, bookkeepers and tax advisors use QuickBooks Online to manage the books and financial records of our small business clients and real estate investors. At Massey and Company, CPA, our goal is to make sure the books remain clean and organized throughout the year, and are ready for tax preparation.

At the beginning of each client engagement we have a system in place where we assess and advise new clients. We do this at the beginning of an engagement to give us an opportunity to offer recommendations that are key to the success of the business and set the foundation for legal tax savings. A great relationship small business accounting chicago with your accountant leads to highly managed financial data and reports you can use to take actionable steps. The right business decisions are fueled by great data and sound advice for your company’s success. Tax preparation isn’t fun for anyone, but small business taxes can get very complicated.