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Tax Services

Tax time is a stressful time of year for many individuals and businesses. Given the complexity of the ever-changing laws and the difficulty of interpreting them, you need a tax advisor who not only can ensure you've complied with the law, but who can help you claim valuable deductions and credits you may have never suspected. Our firm goes out of its way to reduce the burden of paying taxes for all filers. We pledge not only to prepare your tax returns in the best-informed, most ethical manner possible, but also to work with you year-round as needed to plan a strategy that will minimize your total tax burden. We are qualified to prepare all federal, state, and local tax returns for individuals, corporations, partnerships, and fiduciaries.

Our firm offers professional preparation of all federal, state, and local tax returns at competitive, affordable rates. We continuously monitor federal, state, and local tax law changes to allow our clients to minimize current and future tax liabilities. If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing. Of course, we offer full income tax preparation and filing services.

Individual Taxes

We specialize in preparing your taxes quickly and painlessly, and will ensure you receive all the deductions you are entitled to. We are always available to help you with your tax planning needs to help you lower your taxes and avoid surprises during the tax season. And in order to speed your refund, we can file your return electronically to the IRS and state tax boards.

Corporate Taxes

Careful tax planning is the most essential step in preparing our clients' income taxes, and by minimizing taxes we strive to improve our clients' profitability. Whether you are a large firm or small, established or start-up, we will find the best possible strategies for reducing your tax liability within the limits of the law.

Estate, Gift And Trust Tax Return Preparation

Our firm provides expert preparation of federal and state estate, gift, and trust tax returns. We endeavor at all times to protect your heirs from the unneeded emotional devastation that can be caused by estate tax levies. We are also available to advise you in your estate planning needs, including business succession plans and gifting strategies.

Sales Tax Services

Our firm prepares all sales tax filings and offers full sales tax audit representation.

Payroll Services

Once you have trusted us to handle your tax and accounting services, trusting us to handle your payroll needs is the next logical step towards simplifying your business life. We provide a comprehensive payroll service customized for your specific needs--giving you flexible personalized service from our knowledgeable staff. Our service includes check printing, direct deposit of paychecks, electronic tax payments and tax filings, complete compliance, and more. You will receive all the payroll reports you need to run you business most efficiently, and you will also get personalized professional advice on all payroll matters for your firm.

Our firm offers a highly personalized, professional payroll service specifically designed for your business. Over the years we have strived to offer our clients the highest quality professional services with the utmost personal care. You will find the same level of unsurpassed commitment from us in satisfying your payroll needs. You will also benefit from the overall professional acumen of our firm and our intimate knowledge of your total financial picture.

Our firm offers you the same comprehensive payroll service you'd expect from a service bureau, with three key differences--superior personalized service, total flexibility, and the best value. Unlike the payroll service bureaus that use a "one size fits all" approach, our payroll service can be precisely designed to meet your unique needs. Our completely flexible state-of-the-art system offers remarkable capabilities that enable our firm to work collaboratively with you. Based on our intimate knowledge of your business and our personal consultation with you, we will design a payroll service that is optimal for your company's needs. You won't find this level of service from any service bureau at any price.

We offer a state-of-the-art payroll processing system that that lets you collaborate with us by setting up information on your company and employees, and then enter your regular payroll data and print the paychecks, while we take care of scheduling your tax payments, paying electronically, filing your payroll tax forms, and processing the W-2s and W-3. And because this system is Internet-based, both of us can log in to it securely, without the cumbersome process of transferring data back and forth between your computer and ours.

Software And Technology

You are ready to move into the computer age, but you have fears of expensive, unsuitable software, fourteen year-olds hacking into your server, and systems crashing. We understand your fears and we will work with you to setup an efficient, user-friendly computer system. Our business-savvy computer technicians and programmers can explain even the most advanced high-tech concepts in plain English. Whether you want to set up a computerized accounting system, a computer network, or even an online web store, our firm can help.

Our firm has the technical expertise to assist you in all areas of information technology, including the selection of hardware and software and arranging network installation. We offer training in accounting, asset management, and time and billing software to name a few.

Internet Commerce

Our firm is well aware of the tax compliance and technological challenges you face when you are considering Internet Commerce ventures. We will be happy to help.

Accounting/Bookkeeping Services

Our firm offers a complete range of accounting services, including receivables, payables, and payroll management. We prepare financial statements on the Income Tax Basis for use by banks, investors, and other third parties. Our firm will also prepare custom financial reports for internal, managerial use.

Bookkeeping/Write-up

Our firm provides full-charge bookkeeping services, including general journal and subsidiary ledger maintenance, bank statement reconciliation, and receivables and payables tracking and analysis.

Cash Flow And Budgeting Analysis

Our firm offers expert cash flow and budgeting analyses that can help you minimize cost overruns, lost purchase discounts, and uncollectable receivables. Many of our clients state that these value-added services are indispensable.

We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. We can assist you planning for capital acquisitions including the tax consequences and benefits. Our cash flow analysis can be a very important planning tool for companies with seasonal ebbs and flows of sales.

Compilation Services

Our firm provides professional compilation services to businesses of all sizes. We can quickly compile your financial records into meaningful Income Tax Basis financial statements.

Business Consulting

Our goal is help your small or mid-sized business succeed, no matter what the economic climate. To this end we offer a wide range of consulting services to help you improve business operations, boost efficiency, and increase the bottom line. Whatever your needs, our experienced team of business consultants has the experience to help you grow and manage your business.

Incorporation And New Business Analysis

Our firm can set up a new corporation, partnership, or LLC. We will advise you on the advantages and disadvantages of the different types of entities you can choose. Our firm can assist in market evaluations for new business and business valuations for the purchase of an existing business.

Management Consulting

Our firm offers complete management advisory services, including systems implementation and management, cost controls, employee benefit plan restructuring, and much more.

Bankruptcy

Bankruptcy is one of the most frightening words to hear when you are running a business. However, our firm will help you through the entire ordeal while guiding you through the maze of financial and tax implications that arise. We will also consult with you regarding the benefits of reorganization or the possible necessity of dissolution.

Financial Statements

We prepare professional, Income Tax Basis financial statements as well as tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize a business's full profit potential.

Customized Policy and Procedure Manuals

We will work with business owners to create customized policy and procedure manuals which can be used to document policies and procedures for specific departments or for the company as a whole. Examples of policy and procedure manuals that we will help create for your company include, but are not limited to: Employee Handbooks, Financial Policies and Procedures Manual, Credit and Collection Policies and Procedures Manual, IT Policies and Procedures Manual, Cash Management Policies and Procedures Manual, Accounting Policies and Procedures Manual, etc.




MasterType Accounting & Business Services, P.C.
6312 N. Milwaukee Ave., Chicago, IL 60646-3786
Phone: 773-792-1910
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