Our Services
At Edward R Schwab CPA, the careful management of your finances is our top priority. We pride ourselves on giving you personalized and thorough service that meets your business or individual needs.
We provide a full range of tax and accounting services for our clients and offer consulting services for special needs.
Tax Services
At Edward R Schwab CPA, tax preparation and planning have always been a core service of what we provide to clients. Tax rules and regulations are in constant change and clients need an advisor who is knowledgable, experienced and intent on keeping them in compliance while minimizing tax liabilities as permitted by law. As a CPA firm with 35 years experience we fit that bill. Our tax services include:
Individual tax preparation
- 1040 including federal and applicable states.
Business tax preparation including:
- S Corporation (1120S)
- C Corporation (1120S)
- Partnership (1065)
- LLC (1065)
- Sole Proprietorship (Schedule C)
- Trust/Estate Fiduciary (1041)
- Gift (709)
- Sales Tax (IL ST-1)
- Payroll tax (All Federal and State of IL)
Looking for a little information right now? View the latest Tax and Financial News article in our Newsletter.
Accounting Services
Small business accounting assistance is another core service of our firm. Our approach is to work with you to identify what your accounting needs are and fill that need. Whether you are looking for an outsourcing of most of your accounting system or simply want periodic clean-up and review of your in-house system, we can assist. Some of the accounting services we provide are:
- General ledger preparation and maintenance
- Bank reconciliations
- Quickbooks datafile review/maintenance
- Payroll assistance
- Payroll tax compliance
- Sales tax compliance
- Onsite accounting assistance
- General accounting assistance
Visit our set of Financial Calculators for quick answers on topics such as your IRA, investments, your child's college tuition, and your mortgage or credit card calculations.
Consulting Services
At Edward R Schwab CPA, our business is to know and understand your financial situation. We offer services beyond compliance and combine our experience, expertise and knowledge to add value as a trusted advisor to your financial situation.
Financial events anticipated or proposed by clients often need and benefit from a consult/discussion with an experienced advisor. Whether you are thinking about options or an impending financial event is coming up, we can review with you and advise from a tax or business perspective. Examples of our consulting service are:
Individual
Whether you are looking to retire, send a child to college, start a business, divorce, review finances after loss of a spouse, etc. all these life changing events can benefit from a discussion with your tax/financial advisor. We strive to know our clients, first from a tax perspective but just as importantly from a personal perspective. This puts us in a unique situation to assist with review and planning of life's events and challenges that affect your finances.
Business
In the small business environment the business owner typically needs to rely on professional outside advisors for certain key areas. As your business accounting and tax advisor we consider ourselves to be part of your business "Team" that you can call on as needs arise. In the life of a business here are examples of consulting services we can provide:
- Business Start-up consulting including:
- Initial Business entity choice
- Registration assistance Federal/State
- Accounting system set-up
- Accounting software assistance (Quickbooks)
- Business acquisition/sale
- General business consulting
Check out our Newsletter for the latest article on Financial Planning.
