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 ››

How Audits Improve Business Performance

Financial statements play a vital role in business, from providing insight into performance to detailing trends and shifts to operations that may be hard to see otherwise. It would be nice to assume your financial statements are always perfect but the audit process is an essential step to help verify the accuracy of the statements. Audits Read More ››

When Do You Need to Hire an Accountant?

The early days of a small business can be very exciting, providing an amazing outlet for your entrepreneurial spirit. Creating a brand identity, marketing your products or services, and establishing a reputation can be part of the fun of a new operation, but you won’t be able to work independently for long. Sooner or later, Read More ››

Taking Steps Toward a More Effective Board

A company’s board can be a significant contributing factor in successful operations, offering oversight, guidance, and expertise designed to lead the course of business in the right direction even in turbulent times. Or, at least, this is what the board should be doing. In many companies, however, the board often serves as somewhat of a Read More ››

Why Your Startup Needs an Experienced Accountant

The early days of a startup are exhilarating and exhausting. The thrill of finally living your dream is intensely exciting, but the demands on your time will be immense, especially as you start to scale operations for long-term growth. Most entrepreneurs choose to go at it alone in these first vital days, believing that support staff Read More ››

Illinois Income Tax Increase

Effective July 1, 2017, the Illinois income tax rates are increased to 4.95% for individuals, trusts and estates, and the corporate income tax rate to 7%. Since the tax rate increased in the middle of the tax year for calendar year taxpayers, the Act contains a number of provisions intended to resolve questions regarding how Read More ››

Accounting for Your Company’s Next Owner

If you are the owner of a small to medium-sized business and you did not go to work today, would your business start to fall apart? If the answer is yes, you have the most common problem that comes up when selling a business. It is too heavily dependent on the activities of the business Read More ››

The Importance of Cash Flow for Contractors

In all industries, cash flow is important. Without a regular influx of cash, it can be hard to take care of essential parts of your operations, like paying employees, fulfilling purchase orders, paying subcontractors, and managing payables and receivables. Cash can be a sticking point for many, and can create big debt issues that can be Read More ››

Medical Offices Qualify for Tax Incentives

There are excellent tax incentives for healthcare facilities, which come from taking advantage of accelerated depreciation for certain categories of assets. Under IRS rules, assets are segregated by classes and the depreciation calculation is made, based on the useful life of the asset class. The different classes of assets have a depreciation period that ranges Read More ››

Serenity House

For over 30 years, Serenity House Counseling has successfully expanded substance abuse services throughout the Chicagoland area to meet the ever-increasing demand for treatment.  Serenity House has grown from a four-bed cottage in 1985 to our current capacity of 107 beds in our men and women’s residential programs, and over 250 individuals in our outpatient programs. Read More ››