| Michael N. Mahoney CPAs offers a wide range of accounting and tax services to our individual and business clients. Below we have listed some of the services that we offer to our clients along with a brief description of each service. Please feel free to inquire about a service if you do not see it listed. If it is not a service we provide, we would be more than happy to refer you to a qualified professional.
We offer a free initial consultation, please give us a call at 630-665-2700 to schedule yours today!! |
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| Tax Planning & Preparation |
| Tax planning and preparation for individual and business clients. Whether you are an individual or a multi-tiered business entity, we can develop tax strategies that take advantage of new tax laws and legislation. |
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| Buying & Selling a Business |
| Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. We have the experience to guide you through the acquisition/disposition process by addressing such issues as cash flow analysis and tax considerations. |
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| Business Entity Selection |
| Choosing the form of entity for your business (e.g. "S" corporation, sole proprietor, limited liability company…) is a critical decision that can have longrange tax implications. We can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company. |
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| Business Succession Planning |
| Effective coordination of the transition of your business to your successors is critical to assure its continued success once you decide to remove yourself from the company's day to day operations. With our background in tax and other financial matters, we are able to address the complex issues of business continuation and can assist you in developing a strategically viable plan. |
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| Accounting Services |
| Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following: *General ledger & financial statement preparation *Accounting system setup for new businesses *Business tax return preparation (Sales & Use/Business Property) *Personal financial statements *Litigation support |
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| Sales Tax Services |
| Many of our clients are responsible for collecting and submitting sales taxes in many different vicinities. We can assist your company in the compilation of information and preparation of sales tax returns in an efficient and timely manner. |
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| Compilations |
| Compilations differ from reviews and audits as they are based on financial information provided by our clients. Our letter which accompanies compilations informs prospective users of a number of limitations which our clients and prospective users need to be aware of. |
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| Cash Flow & Budgeting Analysis |
| A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses. |
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| Financial Forecasts & Projections |
| Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, we can assist you in achieving your company's financial goals. |
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| Estate Planning |
| Effective estate planning provides for the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. We will guide you through the complex process of getting your financial affairs in order. |
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| Estate & Trust Tax Preparation |
| In conjunction with our estate planning expertise, we are able to prepare estate and gift tax return filings. |
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| IRS Representation |
| In representing our clients before the Internal Revenue Service and various taxing authorities, we endeavor to assure that our clients will be fairly dealt with regarding their tax issues. |
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