Business Details
18 Years
experience
Expert Accounting & Tax Services in McHenry, IL
At Piwonka, CPA, we are dedicated to delivering precise and personalized accounting and tax services tailored to the unique needs of small businesses and individuals. With decades of combined experience, our team specializes in tax preparation, payroll management, bookkeeping, and business advisory services, ensuring compliance and strategic financial planning. Our firm prioritizes accuracy through a rigorous two-step review process for all tax returns, while actively participating in ongoing tax education to stay ahead of evolving regulations.We serve clients across industries, offering specialized expertise in real estate partnerships, nonprofit organizations, and small business startups. Rooted in McHenry, Illinois, our commitment extends beyond numberswe engage with local communities through volunteer initiatives and professional leadership, fostering trust and long-term partnerships.
Services
Tax Preparation
Payroll Services
Bookkeeping
Business Registration
Tax Consultations
Sales Tax Returns
Estate Tax Services
Accounting Software Setup
Start-Up Assistance
Tax Projections
Details
- Year established: 2008
Highlights and features
- We offer personalized tax strategies to minimize liabilities.
- All returns reviewed by a second professional for accuracy.
- Specialized experience with small businesses and real estate partnerships.
- Active participation in tax education ensures up-to-date compliance.
- Comprehensive support for IRS payment plans and fiduciary responsibilities.
Services
Tax Preparation
We prepare federal and state tax returns for individuals, corporations, partnerships, and nonprofits. Our process includes reviewing income, deductions, and credits to ensure compliance while minimizing liabilities. Clients receive detailed explanations of filings and proactive advice for future tax years.
Payroll Services
Our payroll solutions include tax deposit calculations, form filings (W-2, 1099), and ledger maintenance. We ensure compliance with federal and state regulations, reducing administrative burdens for businesses. Services integrate with accounting software for seamless financial tracking.
Bookkeeping
We manage day-to-day financial transactions, including accounts payable/receivable, bank reconciliations, and financial statement preparation. Our systems provide real-time insights into business performance, supporting informed decision-making and audit readiness.
Business Registration
We guide clients through business entity selection (LLC, S-Corp) and handle federal/state registrations. Services include EIN acquisition, tax classification advice, and compliance documentation to establish legal and tax-efficient operations.
Tax Consultations
Our consultations address tax implications for inheritances, lawsuit settlements, and business changes. We provide projections and strategies to optimize tax outcomes, with ongoing support for complex scenarios like multi-state filings.
People
Krista M. Piwonka
Founder & CEO
Krista founded Piwonka, CPA in 2008 after 15 years at firms like Altschuler, Melvoin & Glassier. A Siena College graduate, she specializes in real estate tax compliance and volunteers extensively, earning national volunteer awards for her community work.
Laura Cicero
CPA, MST
Laura joined Piwonka in 2016 with expertise in real estate partnerships and individual tax returns. She holds a Master of Science in Taxation and licenses in Illinois and Wisconsin, focusing on multi-state tax compliance.
Sara Zelek
Associate
Sara handles bookkeeping and tax support since 2011. Her background includes municipal finance, software account management, and emergency services, bringing diverse operational insights to client financial management.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll, tax preparation, financial reporting, and business registration services tailored to small businesses.
How do you ensure accuracy in tax preparation?
All tax returns undergo a mandatory second-review process by a senior accountant to guarantee precision and compliance.
Can you assist with IRS payment plans?
Yes, we help clients negotiate and manage payment plans for delinquent taxes with the IRS.
Do you offer tax planning for new businesses?
We provide entity selection guidance, start-up tax strategies, and registration support for new businesses.
What expertise do you have with real estate partnerships?
Our team specializes in tax compliance for real estate partnerships, including multi-state filings and due diligence.
How can I prepare for tax season?
Organize receipts, maintain mileage logs, and consult early for complex transactions to streamline your tax process.
