If you’re looking for personal tax preparation services in Chicago, look no further than Massey and Company CPA. Accountants may specialize in taxes, bookkeeping, or audits. We bring decades of tax and accounting experience to the Windy City, and we can help you get the most out of your tax return.
Determine whether you need basic bookkeeping help or more comprehensive tax planning before choosing services. We offer a variety of services to our clients, including:
Tax return preparation
Tax planning
IRS and state tax audits, including IRS audit letters and CP2000 responses
Quarterly taxes for business owners and independent contractors
Back taxes
IRS representation, negotiation and problem solving
Immigration tax services
Financial planning, advisory, and consulting services
Don’t wait until the IRS deadlines are upon us to start your taxes. Call Massey and Company CPA today and schedule a free consultation. We’ll help you understand your needs and create a plan tied to your financial goals, including retirement.
We want to be your CPA firm. Schedule an appointment today!
As a small business owner or real estate investor, you have enough to worry about without stressing over your taxes. That’s where Massey and Company CPA comes in. We are experts at business tax preparation and planning, and we can help you save time and money on your taxes.
We’ve been helping small businesses and real estate investors with their taxes for many years, and we have the experience and knowledge to help you as well. We’ll work with you to ensure that you’re taking advantage of all the deductions and credits available to you, and we’ll help you file your tax return correctly and on time.
We are also skilled at sales taxes. The states are becoming increasingly aggressive on sales tax matters. We can keep the state sales tax auditor out of your hair, whether your business is brick and mortar, ecommerce or multi-state.
Industries that we serve include professional service firms (doctors, dentists, veterinarians and law firms), consultants, technology, commercial and residential real estate investors, realtors, nonprofits and more.
Our small business CPA services include cost segregation and 1031 exchanges for real estate investors, R&D credits for technology-based businesses and sales tax nexus studies for eCommerce.
Importantly, our firm is full service, providing tax, accounting and bookkeeping services to small businesses and real estate investors. We keep the books accurate and reliable for growing businesses. We also help with managing day-to-day operations and keeping the business running smoothly.
Our firm also specializes in helping new or existing businesses set up accounting processes for LLCs and other entities. Tax planning is easier when all services are offered under one roof. Proactive planning can reduce taxes during major transitions, including selling a business.
When choosing a tax preparer, you should keep a few things in mind.
You want to make sure that the tax preparer is reputable and has experience preparing taxes for businesses and individuals in your city, so use professional directories and the IRS Directory of Federal Tax Return Preparers to research credentials.
You want to make sure that the tax preparer is familiar with the tax laws of your state, and you should verify active licensing through your state board of accountancy and confirm license and credential status before sharing sensitive documents.
Finally, you want to make sure that the tax preparer is someone you feel comfortable working with. This includes clear communication, prompt responses, and a communication style that matches your preferences.
Ask how often the accountant will communicate with you during the year and whether they offer convenient in-person or remote meetings.
Evaluate whether the accountant has experience with situations similar to yours and is proficient with your preferred accounting software.
Watch for poor communication or unrealistic promises, and confirm how the firm protects your financial data.
At Massey and Company CPA, we meet all of these criteria and more. We’re a reputable tax and accounting firm with over 30 years of experience preparing taxes for businesses and individuals throughout the country. We’re familiar with the laws and regulations of Illinois. Our clients praise our responsiveness and friendliness – we are here to help you every step of the way!
To ensure a smooth tax preparation process, it’s essential to gather all necessary documents and information. Here’s a checklist to help you prepare:
Identification Documents: Driver’s license, passport, or other government-issued ID.
Social Security Number or ITIN: Ensure you have your Social Security number or Individual Taxpayer Identification Number (ITIN) handy.
W-2 Forms: Collect W-2 forms from all employers.
1099 Forms: Gather 1099 forms for freelance work or self-employment income.
Interest Statements: Obtain interest statements from banks and investments.
Dividend Statements: Collect dividend statements from investments.
Charitable Donation Receipts: Keep receipts for any charitable donations made throughout the year.
Medical Expense Receipts: Gather receipts for medical expenses if you plan to itemize deductions.
Business Expense Receipts: If you’re self-employed, ensure you have receipts for all business-related expenses.
Having these documents ready will streamline the tax preparation process and help ensure that you don’t miss any important deductions or credits.
When seeking tax preparation services, it’s essential to know what to expect from a reputable accounting firm. At Massey and Company CPA, our certified public accountants (CPAs) and tax accountants are dedicated to guiding you through the tax preparation process, ensuring you receive the maximum refund or minimize your tax liability. Here’s what you can expect:
Thorough Review of Financial Records: We meticulously review your financial records and tax-related documents to ensure accuracy and completeness.
Expert Tax Planning Advice: Our team provides expert advice on tax planning and optimization strategies tailored to your unique financial situation, including long-term strategies for families and retirement goals.
Accurate Tax Return Preparation: We prepare your tax return with precision, including all necessary forms and schedules, to ensure compliance and accuracy.
Audit Representation: In the event of an audit or tax dispute, we offer representation and support to protect your interests.
Ongoing Support: We provide continuous guidance and support throughout the tax preparation process, helping you navigate any challenges that may arise.
Estate planning and trusts can help maximize the value of assets left behind and support loved ones. Clients with over $2 million in assets may also benefit from specialized wealth management services.
By choosing Massey and Company CPA, you can trust that your tax preparation is in capable hands, giving you peace of mind and allowing you to focus on what matters most.
At Massey and Company CPA, we have decades of experience in both tax and accounting. We will guide you throughout the process, helping you to avoid these common mistakes and keeping you out of tax trouble.
A: When choosing a local tax professional, it is essential to consider their experience, qualifications, and fees. Check online testimonials from existing clients to determine their reputation and what it is like to work with them. Ask about billing arrangements – fixed fees, rather than billable hours, are almost always best for the client.
A: The most common tax liabilities are federal and state individual income taxes, self-employment taxes, corporate taxes and sales taxes. Some of these taxes need to be paid quarterly. It is best to work with a tax firm that has deep experience with all of these taxes.
A: File your tax return on time even without payment. Your CPA firm will then be able to negotiate a payment arrangement for you with the IRS or the state. Arrangements include offers in compromise, instalment agreements and non-collectable status.
