Accountants Chicago IL

Odoni Partners LLC - Certified Public Accountants > Locations > Accountants Chicago IL

Odoni Partners: Accountants Chicago Trusts

Are you looking for a reliable and experienced accounting firm in Chicago? Look no further than Odoni Partners, a full-service accounting firm committed to helping individuals and businesses achieve financial success. As one of the top Accountants Chicago has to offer, they provide a wide range of tax and accounting services tailored to your specific needs. Odoni Partners is your one-stop solution for financial stability and growth.

Downtown Chicago Accountants and Tax Advisors

Odoni Partners is a leading Chicago accounting firm providing comprehensive tax and accounting services to businesses & individuals.
Specialized services are offered for various industries, including government entities, healthcare organizations, churches & charities.
Advanced technology such as AI and automation provides accurate and efficient accounting services tailored to specific requirements with a commitment to client success.

Serving clients throughout Chicago, including the following zip codes:

60601, 60602, 60603, 60604, 60605, 60606, 60607, 60608, 60610, 60611

Top Chicago Accountants for Tax and Accounting Services

Odoni Partners boasts over 25 years of experience as a full-service accounting firm in Chicago, providing comprehensive tax and accounting services to a diverse clientele. As one of the best accounting firms in the area, their primary focus is to offer exemplary services that enable clients to achieve a financially sound and prosperous future. They provide a wide range of services, including:

Tax planning
Accounting and bookkeeping
Financial advisory services
Audit and assurance services
Business consulting
Payroll services

Their team of certified public accountants and tax professionals excel in tax and accounting services, assisting businesses and individuals with tax strategy assistance and innovative ideas for success. Odoni Partners stays abreast of ever-changing tax laws and leverages the latest technology and accounting best practices. This commitment enables them to guide clients through tax season complexities and maintain accurate, compliant financial records.

Small Business Accounting Solutions in Chicago

Odoni Partners understands that small businesses have unique accounting needs and challenges. They offer tailored solutions to help small business owners manage their finances and achieve their objectives. We provide a variety of services to businesses, such as:

Business incorporation
Outsourced accounting
Tax preparation
Tax planning
Payroll services

Our services are tailored to meet your business needs. Outsourcing payroll services to Odoni Partners allows businesses to boost efficiency and redirect focus towards client servicing and expansion.

Not only does Odoni Partners provide accounting solutions for small businesses, but they also offer a full range of services to other industries and sectors. These services include:

Specialized accounting for common interest realty associations
Accounting for car dealerships
Accounting for government entities
Accounting for healthcare organizations
Accounting for churches
Accounting for charities

With their comprehensive and tailored approach, Odoni Partners is the go-to Chicago accounting firm for businesses in the city.

Audit & Assurance

Audit and assurance services are essential for businesses to maintain financial compliance and accuracy. Odoni Partners, a full-service accounting firm in Chicago, provides these services to ensure that your organization’s financial statements are accurate, reliable, and compliant with applicable laws, regulations, and accounting standards.

Odoni Partners conducts comprehensive examinations and assessments of an organization’s financial records, processes, and controls, aiding in compliance maintenance and risk or fraud minimization.

The role of audit and assurance in small businesses in Chicago is to:

Provide an independent and objective evaluation of the financial statements and internal controls of the business
Verify the accuracy and reliability of the financial information
Recognize any potential risks or fraud
Provide assurance to stakeholders such as investors, lenders, and regulatory authorities

With their expertise in audit and assurance, Odoni Partners is a valuable partner for small businesses looking to maintain compliance and financial stability.

Personal Tax Planning and Preparation Services

In addition to their business accounting services, Odoni Partners provides:

Comprehensive tax planning and preparation services tailored to individual needs
Assistance in optimizing deductions and reducing liabilities, ensuring that you get the best possible outcome during tax season
Personal accounting services to assist individuals in effective financial management and secure future planning.

Maximizing tax deductions in Chicago IL can be achieved by considering various strategies such as:

Contributing to a traditional retirement plan
Keeping track of mileage deductions
Taking advantage of business deductions
Exploring tax credits and incentives

It is important to note that consulting with a tax professional or accountant, who offers tax preparation services, is recommended for personalized advice and assistance in maximizing deductions and minimizing liabilities for both business and personal income taxes.

A group of people discussing personal tax planning and preparation services

Navigating Complex Business Taxes in Chicago

Businesses in Chicago face complex tax regulations and requirements, which can be challenging to navigate without the right support. Odoni Partners assists businesses in understanding and adhering to these regulations, helping them avoid common errors and potential penalties. Odoni Partners delivers expert guidance and support to help businesses stay compliant with tax regulations while maintaining financial stability.

Utilizing the Chicago Business Direct platform to pay and file your business tax online is one way to navigate complex business taxes in Chicago. However, it is advisable to contact the local revenue department to ascertain if there are any extra taxes applicable to your business operations. With their expertise in business tax preparation, tax planning, and sales tax services, Odoni Partners can help you address intricate tax regulations and requirements, ensuring your business remains compliant and financially secure.

A group of people discussing complex business taxes in Chicago

Industry-Specific Accounting Expertise

Odoni Partners recognizes that different industries have unique accounting needs and challenges. They offer industry-specific accounting expertise to cater to the distinctive requirements of various sectors, such as:

Common interest realty associations
Car dealerships
Government entities
Healthcare organizations
Churches
Charities

Odoni Partners’ tailored accounting services ensure each client receives personalized support and guidance, crucial for success in their respective industries.

Whether it’s managing inventory for car dealerships or complying with regulations in the healthcare sector, Odoni Partners has the experience and knowledge to address the specific accounting needs of different industries. Their team of certified public accountants and tax professionals work closely with clients to develop customized solutions that align with their industry requirements, ensuring financial stability and compliance.

Churches

Churches face unique accounting challenges and require specialized services to ensure financial stability and compliance. Odoni Partners provides specialized accounting services to churches, including tax planning and preparation, audit and assurance, real estate accounting and taxation, and bookkeeping services.

Odoni Partners’ tailored accounting services enable churches to navigate their complex financial landscape, ensuring precise financial reporting and compliance with applicable tax regulations. Their expertise in church accounting makes them a valuable partner for churches looking to maintain financial stability and transparency.

Common Interest Realty Associations

Common Interest Realty Associations (CIRAs) face unique accounting challenges, including fund reporting and financial statement requirements, audits, tax services, and budgetary analysis.

Odoni Partners provides specialized accounting services to CIRAs, helping them address these challenges and maintain financial stability. Odoni Partners’ comprehensive audit, tax, and accounting services help CIRAs comprehend and assess their financial standing, including aspects like reserve funding and asset recognition.

With their expertise in CIRA accounting, Odoni Partners is a valuable partner for common interest realty associations looking to maintain financial compliance and stability.

Charities

Charities face distinct accounting and tax requirements that necessitate specialized knowledge and experience. Odoni Partners offers comprehensive audits, consulting, and accounting services for charities, ensuring their financial stability and compliance with tax regulations.

By providing tailored services that address the unique needs of charities, Odoni Partners helps these organizations navigate the complex financial landscape of their sector. Their expertise in charity accounting ensures that your organization remains compliant with tax regulations and maintains financial stability to continue serving its mission.

Healthcare

Healthcare organizations have specific accounting needs, such as understanding reimbursement regulations, compliance requirements, and financial reporting. Odoni Partners offers a variety of services tailored to the unique needs of healthcare organizations, including financial statement preparation, audit and assurance, tax planning, and preparation.

With a wealth of expertise in the healthcare sector, Odoni Partners can provide customized solutions to meet the distinct requirements of healthcare organizations. Their comprehensive range of services, including financial statement preparation and tax planning, ensures that healthcare organizations maintain financial stability and compliance.

Government

Government entities have unique accounting needs, requiring specialized knowledge of regulations and reporting standards. Odoni Partners provides accounting services tailored to government entities, ensuring compliance with the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB) requirements.

By offering comprehensive audit, tax, and accounting services, Odoni Partners helps government entities maintain financial stability and transparency. Their expertise in government accounting ensures that your organization’s financial records are accurate, reliable, and compliant with applicable laws and regulations.

Car Dealerships

Car dealerships face numerous accounting challenges, including:

Inventory management
Floor plan financing
Customer financing and leasing
Service department accounting
Compliance with manufacturer requirements
Centralizing accounting processes

Odoni Partners offers expertise in handling accounting and tax matters for car dealerships, providing tailored solutions to address these challenges and ensure financial stability. Odoni Partners collaborates closely with car dealerships, guiding them through their industry’s complex financial landscape, and ensuring accurate financial reporting and compliance with industry-specific requirements. Their knowledge and experience in the automotive sector make them a trusted partner for car dealerships looking to optimize their financial management.

Nonprofit Organizations and Tax Services

Nonprofit organizations have specific tax and accounting needs that require specialized expertise and support. Odoni Partners offers comprehensive tax and accounting services for nonprofit organizations, ensuring compliance with tax regulations and financial stability.

Their team of certified public accountants and tax professionals work closely with nonprofit organizations to help them maintain financial transparency and accountability. By providing a full range of services, including financial statement preparation, tax planning, and consulting, Odoni Partners is the go-to public accounting firm for nonprofits in Chicago.

A group of people discussing nonprofit organizations and tax services

HUD Audit

Odoni Partners has the expertise to conduct HUD audits for housing and urban development projects, ensuring compliance with the regulations and requirements established by the U.S. Department of Housing and Urban Development (HUD). A HUD audit involves a financial statement audit of the entity and a compliance audit of the entity’s major HUD programs, verifying the accuracy of financial statements, assessing the organization’s adherence to HUD guidelines, and identifying any potential fraud or mismanagement of funds.

Odoni Partners’ comprehensive HUD audit services guide organizations through the complex requirements of HUD programs, fostering financial stability. Their expertise in conducting HUD audits makes them a valuable partner for organizations participating in housing and urban development projects.

A group of people discussing HUD audit

Real Estate Accounting and Taxation

Real estate accounting and taxation services are essential for property owners, investors, and developers to maintain financial stability and compliance with tax regulations. Odoni Partners offers a wide range of services for real estate accounting and taxation, including tax planning and preparation, audit and assurance, and specialized industry knowledge in accounting and consulting.

Odoni Partners collaborates closely with clients in the real estate sector to offer tailored solutions addressing the distinct needs of property owners, investors, and developers. Their expertise in real estate accounting and taxation ensures that your business remains compliant with tax regulations and maintains financial stability.

Employee Benefit Plans

As an employer in Chicago, it’s likely that you’re providing employee benefit plans to your employees.

We can audit your benefit plans, and work with third parties to identify areas for improvement and compliance–and then communicate clearly to you, the employer, how to interpret the audit.

Technology and Accounting Services

Technology plays a critical role in the delivery of accurate and efficient accounting services for clients. Odoni Partners utilizes advanced technology to:

Streamline processes
Reduce manual labor
Increase accuracy
Ensure faster delivery of financial information
Enable accountants to focus more on providing value to their clients.

Odoni Partners harnesses technology like AI and automation to minimize human error, increase calculation speed and provide clients with reliable, efficient accounting services. With their commitment to staying at the forefront of technology and accounting best practices, Odoni Partners is a trusted partner for businesses and individuals seeking accurate and efficient accounting services.

Choosing Odoni Partners CPA Firm for Your Needs

When it comes to choosing an accounting firm for your business or personal needs, Odoni Partners is the ideal choice. Here’s why:

Their team of certified public accountants and tax professionals provide personalized, reliable, and efficient accounting services tailored to your specific requirements.
With a wealth of experience, they have a deep understanding of the complexities of accounting and tax laws.
They are committed to client success and go above and beyond to ensure their clients’ financial needs are met.
Odoni Partners is a trusted CPA firm in Chicago, known for their professionalism and integrity.

Whether you need assistance with tax planning, accounting services, or navigating complex business taxes, Odoni Partners has the expertise and knowledge to help you achieve your financial goals. Odoni Partners’ comprehensive range of tax planning services, including financial statement preparation, tax planning, and consulting, provides the essential support and guidance needed to maintain financial stability and compliance.

Odoni Partners is a trusted, full-service accounting firm in Chicago that offers a comprehensive range of tax and accounting services tailored to the unique needs of individuals and businesses across various industries. From small business accounting solutions to industry-specific expertise and advanced technology, Odoni Partners is your go-to accounting firm to help you achieve financial stability and success.

Accountants in Downtown Chicago, Illinois 60606

Located adjacent to world-famous Millennium Park, our Chicago CPA office is a symbol of Chicago’s multi-faceted economy. It’s no surprise to any Chicago native to find a school, government office, startup, and large business within a one-block radius. That’s why we made sure our services and industries are as expansive as Chicago itself, including expanding our accountants in Wheaton, Illinois to serve the growing need.

While we love Chicago’s diverse economy, we also know that too many choices can be overwhelming for an individual or business. As a business or individual in Chicago, it can feel as if there is an overwhelming number of options to serve your needs. However, many of these services are not well-rounded, leaving you running from business-to-business to serve your unique needs. At Odoni Partners LLC, we understand the struggles and strengths of businesses in Chicago. We can also provide you with the full range of services that a business needs, from financial analysis to tax services. We’re not a one-size-fits-all business. Our deep understanding of the tax and financial sectors in Chicago allows us to tailor our services to your needs. Let us show you how we can support your individual and business goals!

Schedule a consultation with us today to see how we can help your business go above and beyond its current performance.

Serving clients throughout Chicago, including the following zip codes:

60601, 60602, 60603, 60604, 60605, 60606, 60607, 60608, 60610, 60611