A CPA is a person who holds a license to perform accounting and tax services. He or she is qualified to examine financial documents, assess tax returns, and advise clients on financial planning issues. In addition, a CPA can handle payrolls, bookkeeping, and other accounting tasks for small businesses. He or she can also help clients navigate complex IRS audits.
An Elmhurst accountant may specialize in helping clients prepare tax returns, file business documents, and manage financial statements. He or she can also assist with estate planning and other personal tax-related issues. He or she can also provide guidance with specialized tax services for community associations. For example, an accountant can help a community association claim Illinois Film Production Tax Credits and IL Live Theater Tax Credits.
Some Elmhurst accountants are certified enrolled agents, which means that they can represent clients before the IRS in cases of tax collection problems. Others are licensed by the state of Illinois to perform specific types of transactions, such as real estate sales and purchases. Those who are licensed by the state of Illinois have passed an exam and completed an educational program approved by the Illinois Board of Accountancy.
In business since 1991, Maloney & Company, Ltd., is an accounting firm that offers financial advice for businesses, individuals, and veterinary professionals. Its team specializes in income tax preparation, estate planning, IRS representation, and QuickBooks assistance. Additionally, it provides consulting services like business valuations, alternative financing, and financial statement preparation.
The Elmhurst office of Gray Hunter Stenn LLP serves both businesses and individual clients in the Chicago area. Its staff can assist with international and multistate reporting, optimal tax entity selection, and forensic accounting. The firm also offers IT services such as remote accounting systems and network analysis.
Affetto & Co. is an Elmhurst-based accounting firm that specializes in tax, assurance, and Quickbooks software consulting work. The firm’s professionals have more than 28 years of experience and can help clients with tax return preparation, bookkeeping, and business compliance matters. The firm can also help with estate planning and wealth management issues.
An Elmhurst CPA accountant can help business owners through the complex process of incorporating their companies. He or she can also assist with filings for individual and business tax returns, ITIN number renewals, and electronic filings for state and federal taxes. He or she can help entrepreneurs establish their businesses by preparing corporate, business, and personal financial statements, as well as completing bank reconciliations. In addition, an Elmhurst accountant can help a client set up a new business and implement a new accounting system. He or she can also review past tax returns and offer advice on future tax strategies. In addition, an Elmhurst accountant may assist a client with bankruptcy matters and estate planning. He or she can also serve as an expert witness in a court case.
