Blog

CPA Services in Naperville

Whether you know it or not, there are plenty of business and accounting functions that go into your day to day life, both at work and at home. From balancing your checkbook and filing your taxes to working on the budget for your department, access to solid financial resources can make a world of difference.…Read more

The Benefits of Audited Financial Statements

In accounting, accuracy is crucial. Incorrect or improperly reported numbers can lead to all kinds of problems, from misguided strategic planning to cash flow issues, which could even leave you unable to pay employees. But how can you be positive your numbers are accurate? The answer is an audit. A thorough examination of everything from…Read more

DuPagePads

About the Organization DuPagePads‘ mission is to end homelessness in DuPage county. It’s so much more than a pad on the floor; it’s about the journey home. DuPagePads aims to assist in the journey from dependency to self-sufficiency. Not the shelter, not the nights spent in the car or on the street. DuPagePads is a…Read more

Is Applying For a Tax Extension the Good, the Bad or the Ugly?

Applying for a tax extension may have nothing to do with Clint Eastwood, or an old western movie, but a clear understanding of what an extension does and doesn’t do, can help you avoid being charged interest (the bad) and penalties (the ugly). The easiest and best way to make this decision is to talk…Read more

What a Naperville Accounting Firm Can Do for You

Let’s face it: managing finances is often harder than it sounds. From balancing your checkbook and keeping an eye on your personal investments to ensuring your business is achieving profitability, organizing and monitoring financial data can take plenty of time and money to get just right. If you don’t have the time, energy, or experience to properly track…Read more

Four Fraud Prevention Measures to Safeguard Your Bank

Whether you know it or not, banks are a huge target for cyber crime, leaving operations across the country open to criminal endeavors of all shapes and sizes. As such, fraud protection is now a key part of ensuring ongoing operations. These tips can help you safeguard your bank, keeping your customers protected today, tomorrow,…Read more

Who Qualifies for This $415B Tax Deduction?

The passage of 2017’s late December tax reform was swift and aggressive, prompting rapid change that left many corporate tax teams scrambling to keep up. The new tax plan came with an overhaul of many standards affecting business, and offered up the allure of some hefty deductions and tax breaks – a seemingly good thing,…Read more

Taxes for the Self-Employed and Sole Proprietors

Starting a business is a major accomplishment, especially for new entrepreneurs. However, logistically, the reality can be more challenging than it initially seems. From the funding needed to open your doors to driving adequate revenue to keep your lights on, a lot more goes into self-employment than a great idea. For many small business owners,…Read more

Tax Reform Changes Affecting Contractors

As a contractor, you are likely to see a number of changes to your tax bill because of the most recent reform. Some of the most notable changes include: A new pass-through deduction If you operate as a pass-through entity, the new tax reform will allow you to deduct up to 20 percent of your…Read more

The Section 179D Policy Has Been Extended

Energy efficiency is a priority for both individuals and companies, in countless industries. However, for some, energy efficiency means more—especially when it comes to saving big on taxes. For developers, the passage of these kinds of tax credits can mean huge savings, including the benefits available under 179D. With energy efficient policies recently addressed in Congress,…Read more