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A Primer on Venture Capital Accounting

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….

July 25, 2022
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8 Most Common Tax Forms Every Taxpayer Should Know

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…

March 22, 2022
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Manufacturing Accounting Myths Explained

Every business wants to increase their bottom line and cash flow. However, many companies (especially small and medium-sized businesses) don’t know that there are nuggets of profit hidden in their accounting departments.

December 17, 2020
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7 Types of Tax-Free Income Sources

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…

March 2, 2022
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Keys to Creating Financial Projections for Startups

Creating a successful start-up involves completely understanding your financial landscape. In order to do so it is important to be able to create forecasts and projections for your startup.

January 20, 2021
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Your Tax Prep 2020 Checklist – For Next Year’s Filing

While there may still be some time before the tax filing deadline of April 15th, it is important to have all of your tax documents in order ahead of time.

December 22, 2020
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What Happens if You Get Audited and Don’t Have Receipts?

Are you uncertain of what happens if you get audited and don’t have receipts? As some of the top accountants in Chicago, Illinois, we’ll explain steps to take if this situation applies to you. After learning more, don’t hesitate to give Odoni Partners LLC a call. How to Reconstruct Your Receipts and Records for the…

August 4, 2023
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What Is a Forensic Audit?

Your company’s assets and business dealings are essential to the success of your business. Suppose you have been a victim of fraud or you suspect that your company’s assets have not been handled correctly. In that case, you may complete a forensic audit to investigate and gather evidence for court proceedings. When you are preparing…

June 21, 2021
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When To Hire an Accountant for Your Small Business

Small business owners often struggle to maintain their day-to-day operations and monitor their business’s finances. Many rely on accounting software like QuickBooks to generate reports and financial statements. However, hiring an accountant for a small business makes it easier to develop, interpret, and manage financial information like business tax returns and balance sheets. How Accountant…

May 10, 2021
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Filing Taxes for a Deceased Person: Short Guide

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…

January 14, 2022
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