Benefits From an Audited Financial Statement

Financial statements are a key part of running a successful business, providing a foundation for evaluating performance, planning for the future, and increasing efficiencies in the workplace. Despite the importance, however, not all financial statements are perfect and human error is a part of the process. Without strict oversight and professional review, your reporting fails Read More ››


Don’t Overlook the Disabled Access Tax Credit on Your Business Tax Return

The ADA Law The Americans with Disabilities Act of 1990 (ADA) requires employers to make their workplaces accessible to disabled individuals.  It prohibits discrimination against individuals with disabilities. However, the cost of making these accommodations to your business is expensive. To encourage small businesses to be accessible to individuals with disabilities and to comply with Read More ››


SamaraCare

For 45 years SamaraCare has been a provider, educator, and advocate for progressive mental health counseling for people of all ages. Expertise, compassion, and spirit-led care has always been at the heart of their services as they lead people to live their lives to the best of their ability. History SamaraCare a non-profit organization that Read More ››


Short-Term Rentals: The Tax Implications of the Sharing Economy

From Uber to Airbnb, the sharing economy is upon us. Across the country, hundreds of thousands of Americans are using personal resources to provide assistance for others, demonstrating remarkable trends in the customer service industry. The allure of making side income as a short-term landlord is certainly compelling, but any income source comes with added Read More ››


How Family Businesses Can Plan for the Future

In many ways, family-owned businesses operate in a separate sphere from the rest of the corporate world. With the emphasis on family ownership and a tight-knit leadership circle, it’s easy to assume succession planning is handled for you. However, the reality may not be quite as simple as you anticipate. Children, nieces, and nephews aren’t Read More ››


Construction and Contractors: The Basics of the Month-End Close

Contractors benefit from having a regular monthly closeout of the company’s accounting because having accurate, up-to-date financial reports helps executive management with forecasting, and improves decision making. The closeout process consists of reconciling significant balance sheet and income statement accounts including but not limited to: Cash Accounts Receivable Fixed Assets Accounts Payable Credit Cards Debt Read More ››


Klein Hall CPAs Celebrates 15 Year Anniversary

  An exciting milestone is quickly approaching for Klein Hall CPAs as they celebrate 15 years as a leading accounting firm in the Naperville community. Since opening its doors in the summer of 2002, Klein Hall has seen many changes and experienced an innumerable amount of growth and development opportunities. Beginning as a single-room, two Read More ››


Naper Settlement

Naper Settlement is a family-friendly outdoor history museum featuring 12 acres of learning and interactive opportunities for all ages. Located in downtown Naperville, Naper Settlement is just steps away from dining, shopping and the Riverwalk. Visitors will be immersed in history as they learn about the past and how it relates to the present, from Read More ››


The Ins and Outs of Tax Extensions

For most Americans, April 15th brings with it a collective sigh of relief, marking the end of yet another tax season. Your personal income taxes are done and filed, and it is time to sit back and relax until next spring. Unless, of course, you filed an extension. While the vast majority of taxpayers have their Read More ››


Naperville Accounting

As a small business owner, you’re probably doing the heavy lifting yourself as your business begins to take off, but if you plan to grow and develop you likely won’t be on your own for long. As such, hiring decisions will soon come into play, opening the door for staffing choices designed to guide your Read More ››