Business Details
11 Years
experience
Your Trusted Tax & Accounting Partner in Richmond, IL
Since 2015, Precision Tax & Accounting has provided comprehensive tax and accounting solutions to individuals and businesses across Northern Illinois and Southern Wisconsin. Our team prioritizes personalized service, leveraging deep expertise to address unique financial needs while maximizing deductions and minimizing liabilities. We specialize in tax preparation, bookkeeping, payroll services, and audit representation, ensuring clients receive accurate and strategic support. By combining cloud-based technology with one-on-one consultation, we streamline financial processes to help clients focus on their core priorities.Our commitment to staying current with evolving tax laws enables us to deliver reliable, forward-thinking advice tailored to each client's circumstances. With a focus on transparency and client education, we aim to build long-term partnerships grounded in trust and measurable results. Our services extend beyond compliance, offering proactive planning to enhance financial stability and growth opportunities for all clients.
Services
Business Tax Preparation
Tax Consultation
Personal Tax Preparation
Small Business Bookkeeping
Payroll Services
Details
- Year established: 2015
Highlights and features
- We offer personalized tax solutions tailored to your unique needs.
- Our team specializes in maximizing deductions and tax credits.
- We provide cloud-based services with hands-on, one-on-one support.
- We handle complex tax situations for individuals and businesses.
- We prioritize transparency and client education in all interactions.
Services
Business Tax Preparation
We prepare and file business tax returns for corporations, partnerships, and sole proprietorships. Our services include quarterly payroll reporting, sales tax returns, and year-end financial statements. By analyzing your accounting practices and growth goals, we ensure compliance while optimizing deductions to reduce tax burdens for businesses of all sizes.
Personal Tax Preparation
Our individual tax preparation covers federal, state, and local returns with expertise in real estate, investments, and retirement planning. We handle multi-state filings, healthcare marketplace benefits, and premium tax credits. Using cloud-based tools and in-person consultations, we ensure accurate, timely submissions while maximizing refunds through strategic deduction identification.
Tax Consultation
We provide year-round tax planning to minimize liabilities and optimize financial decisions. Services include entity selection for businesses, payroll cost forecasting, and compliance strategies. Our team advises on IRS correspondence, audit representation, and long-term planning for retirement or business expansion, ensuring clients stay ahead of changing tax regulations.
Small Business Bookkeeping
We maintain accurate financial records using QuickBooks and other platforms, ensuring real-time visibility into business health. Our bookkeeping includes payroll processing, cash flow management, and software implementation. By aligning accounting practices with growth objectives, we help small businesses maintain compliance and make data-driven financial decisions.
Payroll Services
Our payroll services cover tax compliance, employee classification, and benefit administration. We handle federal and state filings, wage reporting, and subcontractor tax obligations. With ongoing support for growing businesses, we ensure accurate, timely payments while reducing risks associated with payroll tax errors and labor law violations.
Questions
What services do you offer for small businesses?
We provide tax preparation, bookkeeping, payroll services, and financial planning tailored to small businesses, including QuickBooks setup and compliance support.
How do you handle complex tax situations?
Our team specializes in multi-state returns, investment real estate, and retirement planning, ensuring accurate deductions and compliance with evolving tax laws.
Can you assist with IRS audits?
Yes, we offer audit representation and correspondence services to resolve IRS or state tax issues while protecting your interests.
What sets you apart from online tax software?
We combine cloud-based convenience with personalized expertise, ensuring strategic planning and error-free filings tailored to your unique needs.
How are your service fees determined?
Fees depend on the complexity of your tax situation, including the forms and schedules required for your return.
