For Businesses

A Personalized Solution for Your Business's Unique Tax Needs

Businesses often face a multitude of taxes and filing requirements. We are well aware that every dollar counts when it comes to running a successful business, and we want to make sure that you get every tax deduction for which you qualify.

Every business is different, which is why we provide personalized and customized services to meet your unique tax needs. We will use our time to learn about your business’s situation and create a plan that helps you stay in compliance with the constantly changing tax laws.

Our firm provides unbiased, accurate, and timely tax services for businesses at a cost-effective price. Whether you need help with a specific project or ongoing guidance from one of our qualified accountants, we can provide the peace of mind that comes from knowing your financial information is being handled properly.

Our Goal is Simple:

To give you peace of mind knowing that your taxes are being appropriately handled by a team of experienced professionals while ensuring that your business reaps the benefits.

Our Commitment to You

Outstanding Tax Orland Park is committed to providing honest and reliable tax services to every business that we serve. Our skilled accountants are trained in the latest technologies, providing accurate, secure, and timely tax preparation.

At Outstanding Tax Orland Park, our mission is to make sure your tax filing requirements are met quickly and efficiently so you can focus on what matters most: Growing your business.

Our firm provides our clients with trustworthy advice on any taxation question or concern they may have throughout the entire life cycle of their company. Whether it is structuring a small start-up appropriately for future growth plans, taking advantage of deductions available only if specific actions are taken early on (e.g., R&D write-offs).

Outstanding Tax Orland Park Services

Our business tax services are aimed at public and private companies, ranging from the planning stage to compliance. Services include:

Tax and accounting services for limited liability companies (LLCs), corporations, partnerships, non-profit organizations, limited liability partnerships (LLPs), and limited partnerships (LPs).

Year-round tax preparation and filing services.

Deductible business expenses, such as travel and meals that you might incur for business purposes.

Transaction structuring so your company doesn’t have to pay unnecessary taxes, including planning for team member stock purchase plans, private placements, and rollovers.

Personalized consulting services so you’ll always know what you can expect from your tax return.

Annual tax projection reports that are custom-fit to the needs of your business.

IRS representation to help you keep your day-to-day operations running smoothly and efficiently while complying with all tax laws and avoiding unnecessary penalties and fines.

6 Ways Your Business Will Benefit

Maximize Your Tax Deductions
Who doesn’t want to hold on to more of their income? By knowing what types of expenditures qualify as deductible, we can help ensure that you receive all of the benefits you are entitled to.

Learn About Tax Issues Before They Become Problems
Not all IRS communication is bad news; sometimes, it’s just asking for clarification about specific procedures or rules, so they don’t become issues down the road. By communicating with the IRS before a problem arises, we can guide you through the process and help ensure that no penalties are assessed.

Prepare Year-round And Avoid The Rush In December
One of our primary goals is to save you time and money throughout the year by preparing your taxes ahead of time, not just at filing season. If possible, we can even file early for you to get your refund back as quickly as possible.

Get Assistance From Our CPA Network When You Need It
Every tax situation is unique, so even if your financial information has been prepared correctly, there may be a question or two about a particular item going through one of these processes. For questions like these, we have an extensive network of

Improve Your Company’s Bookkeeping Process
Improving your company’s record-keeping process is one of the primary benefits of hiring an accountant. Professionals in this field have extensive training and knowledge on how to accurately record, categorize, and report businesses transactions so they will file them with the IRS. Not only do we specialize in assisting companies who need assistance with their tax filings and payments, but we also help businesses maintain accurate financial records, which can be beneficial for monitoring cash flow and reviewing budgets.

Maintenance Of All Financial Records And Documents
The IRS has particular document retention requirements that must be followed to avoid penalties. With assistance from a qualified individual or company, keeping track of these critical documents won’t cost you valuable time—we’ll do it for you!

We work hard so you don't have to.

Tax Organization that Benefits Your Business

Payroll & Quarterly Tax Filing:

With payroll services, we can save you time and stress by ensuring that all your deductions are processed in a timely fashion. In addition, our professionals will work with you to create custom payment schedules that best fit the needs of your business.

General Business & Commercial Tax Services:

We’ll walk new businesses through every step of the tax filing process, so they’re prepared for whatever hits them from Uncle Sam at tax time. In addition

Business Registration:

If you need assistance with incorporation, taxation, or legal services related to your business, we can help. We’ll walk you through the process of setting up a company in your state and file all the appropriate paperwork to make sure you’re compliant with local laws.

Year-round Tax Planning:

Outstanding Tax Orland Park will develop customized year-round tax plans that are right for your business, so you know exactly what to expect before filing season hits.

IRS Representation:

If you receive an IRS notice, don’t panic—we have extensive experience working with the IRS directly to get results for our clients. With representation, we can ensure that you won’t be penalized for honest mistakes or misunderstandings while guiding how to avoid them in the future.

Expenses:

The tax system is designed so that certain costs can be deducted to save you money. That’s why we’ll review and advise on the types of expenditures that could qualify for this deduction-eligibility in order to ensure maximum savings for your business.

Bookkeeping:

Your business’ transactions and financial records need to be clean and accurate for filing with the IRS. We can do this for you so that it doesn’t cause any headaches to come tax time or otherwise.

Financial Statement Preparation:

We can assist in ensuring your business’ financial records are prepared correctly and accurately, which helps you gain a better understanding of the health of your business. Our professionals will help established companies comply with state and federal laws while staying on top of changes in legislation for more effective taxation. This includes income statements, sales tax, statement of retained earnings, and cash flow statements.

Insurance Audits:

The company’s annual audit of insurance is performed at the end of each policy term. This verifies that reported revenue was adequate and those accurate ratings were recorded in accordance with the law.

Tax Preparer Vs. Professional Tax Service - What Is The Difference?

Many taxpayers are unaware of the differences between tax preparers and professional tax services; they aren’t clear on what each can do for them.

Tax Preparers

A tax preparer is an individual or firm that prepares a tax return for someone else. Most people use this term to refer to individuals who prepare their returns, whether trained professionals or not. Some states require anyone providing tax preparation services to be licensed.

Professional Tax Service

Professional tax services provide larger-scale taxation services, such as developing customized year-round plans and filing quarterly returns. They should have the expertise necessary to work with all types of businesses, enabling them to find the best ways for each client’s needs., they typically offer specialized representation before the IRS, which can save time and effort in resolving problems.

Who Will Do a Better Job?

This question can be challenging to answer because not all tax returns are equal. Even if the same type of business is involved, many factors may result in one company doing better than another.
Some of these factors include:
– How familiar they are with your particular industry.
– How well they understand your financial situation.
– Whether or not you have any specific circumstances due to being self-employed.

Make the Right Choice for Your Business

It is crucial to choose the right tax services for your business. While you might assume that all businesses are alike, there are significant differences in the needs of different types of companies. Understanding which kind of company you have can help you determine what kind of services you need from a tax professional.
That’s why Outstanding Tax Orland Park offers valuable resources so our clients can keep more of their own money while organizing taxes in such a way as benefits their business.

Our team of reliable professionals is dedicated to making your money work for you!