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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…

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….

Accounting plays a vital role in the operation of any manufacturing company. By utilizing these accounting for manufacturing tips, you can keep track of your finances and make your life easier at the end of each financial quarter. You can also contact Odini Partners, LLC, to get direct help from accounting experts. Our team can…

Construction accounting is not the same as ordinary business accounting. It is a unique form of financial management and bookkeeping designed to help contractors keep track of each job and how the financial information involved with that job affects the whole company. What Is Construction Accounting? Construction accounting is a type of project accounting that…

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…

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…

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…

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…