Accounting

Filing taxes presents several challenges for anyone. However, self-employed people must consider additional tax liabilities, potential deductions, record-keeping, and more. If you feel lost on your self-employment taxes, don’t stress. Reach out for tax preparation service by Odoni Partners in Chicago today. In the meantime, brush up on important tax filing tips and tricks for…

Investment decisions require careful planning and a detailed investment strategy. While news reports and internet blogs constantly tout the hottest stocks to invest in quickly, seasoned investors know how careful you must be before diving headfirst into investment decisions. Professional accounting firms in Chicago, Illinois, offer financial advice to help new investors succeed. Warren Buffet…

Taxes are a necessary part of life. Sometimes, mistakes happen and things can be forgotten, leading to back taxes. Below are some ways that Chicago’s trusted tax accountants can help you. Set Up an IRS Payment Plan Setting up an IRS payment plan can alleviate the anxiety surrounding unpaid taxes. To set up an IRS…

If you’re a startup founder or executive, you have probably heard about venture capital. Raising venture capital can be a daunting process. Before exploring venture capital, it is critical to understand the accounting behind venture capital deals. Odoni Partners LLC, one of Chicago’s trusted tax preparation experts, gives us a primer on venture capital accounting….

The best tax accountants in Chicago from Odoni Partners understand the benefits of account reconciliation and instances where it is necessary. We use careful attention to detail while studying your financial statements in the reconciliation process. What Is Account Reconciliation? Account reconciliation occurs when someone compares their company or business’s internal financial records to their…

Tax season is rolling around again, and it can be overwhelming if you’re not working with an accountant. While working with a certified and experienced tax professional is always recommended, many people successfully file their tax returns themselves. In Naperville, accounting services by Odoni Partners will help you file on time and get your maximum…

Tax-free income is income you receive that is not subject to income tax, such as student loans, municipal bond interests, and some capital gains. If you are looking to learn about tax-free income sources, this article is for you. At Odoni Partners LLC, we’re the leading provider of professional accounting services in Naperville, IL. In…

Depending on the circumstances, filing taxes for a deceased person can be complicated and emotionally exhausting. This is why it’s important to have the right information at the beginning of your journey. If you are reading this article because you are responsible for filing taxes for a deceased loved one, our experts at Odoni Partners…

If you’re starting a small business, hiring a professional to deal with accounting documents should be one of the first things you do. If you already own a business, it’s not too late to hire an accountant to keep your business on track financially. Our licensed CPAs at Odoni Partners LLC have been the trusted…

When you run a business, proper financial management can go a long way toward long-term financial success. Though you can always hire an accountant to help with financial and tax issues, knowing some key financial ratios and accounting terms can come in handy. Here are a few accounting terms every business owner should know. Break-Even…