Chicago: (312) 440-0960
Wheaton: (630) 665-2700

News

American Taxpayer Relief Act Extends Bush-Era Tax Cuts

In the early hours of January 1, 2013, the Senate passed, by an 89-8 vote, the American Taxpayer Relief Act of 2012 (P.L. 112-240), which, along with many other provisions, permanently extends the so-called Bush-era tax cuts for low- and middle-income individuals.

January 11, 2013
No Comments
How to Deal with Back Taxes

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…

August 8, 2022
No Comments
What Does a CFO Do?

If you’re looking up the career ladder and considering future options, it’s good to have a detailed idea of manager-level and C-level jobs. What is the Chief Operating Officer’s primary function? What are the Marketing Managers’ top responsibilities? What does a Chief Financial Officer, or CFO, do all day?

December 16, 2019
No Comments
Why Contribution Margin is an Important KPI
Why Contribution Margin is an Important KPI What is a KPI? Key Performance Indicators, or KPI’s as they are known in the business world, are critical to a business’s success. Key Performance Indicators are a critical indicator of progress toward an end result or goal in business. These KPI’s illustrate a business’s strengths and areas...
February 26, 2020
No Comments
Is It Acceptable To Charge Late Fees On B2B Invoices

In the freelance or small business world, late invoices are frustrating at the least and highly problematic at the worst. As a freelancer or small business owner, it’s essential to business that invoices are paid on time so that employees can be paid, bills will be on time, and so forth. Thus, implementing a process for charging late fees can deter customers from paying their invoices late.

May 1, 2020
No Comments
How To Do Taxes If You’re Self-Employed: Tips and Tricks

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…

October 10, 2022
No Comments
3 Things To Know Before Outsourcing Accounting Needs of Your Busines

Outsourcing accounting has many benefits that can help business owners, such as providing competent help and lessening the workload. However, as with any outsourcing, understanding a few key details can help you choose the best accounting team for your needs. The accountants in Chicago, Illinois, from Odoni Partners LLC, can explain what you need to…

May 26, 2023
No Comments
How To Deal With Closing Your Month Remotely

As everyone is trying to learn new ways to manage the COVID-19 effects on their personal and professional lives, many businesses are trying to learn how to navigate monthly closing remotely.

July 17, 2020
No Comments
Accounting Advice for Startups: Tips on How to Get Started

You can end up dealing with a lot of complicated processes when starting a business, accounting not least among them. Handling the ins and outs of your finances can feel complex. Fortunately, expert assistance is available from Odoni Partners, LLC. Learn more about startup accounting services in Chicago by calling us at (312) 440-0960. Separate…

September 10, 2021
No Comments
Accounting Indicators to Be Aware of When Scaling Your Business
Accounting Indicators to Be Aware of When Scaling Your Business Accounting Indicators to Be Aware of When Scaling Your Business Owning a business is no simple job. It requires many resources as your business grows but also requires a great amount of research and knowledge as you scale your business. Knowing what to look for...
February 12, 2020
No Comments