Business Details
5 Years
experience
Expert Accounting & Tax Services in Arlington Heights
Sharp Point Accounting Solutions is a full-service accounting, tax, and advisory firm dedicated to empowering small and mid-sized businesses with accurate financial data and strategic insights. Founded in 2021, our team of Certified Public Accountants (CPAs) brings decades of combined experience in public accounting, tax planning, and financial management. We specialize in streamlining bookkeeping processes, implementing industry-specific accounting systems, and providing tailored advisory services to help clients make informed business decisions. Our commitment to client-centric solutions is reflected in our personalized approach, with dedicated professionals available for virtual or in-person consultations.We leverage technology like QuickBooks and Xero to deliver efficient, secure, and scalable financial solutions. Backed by a track record of client testimonials praising our responsiveness, expertise, and problem-solving capabilities, we prioritize confidentiality, compliance, and long-term partnerships. Our services extend to tax preparation, payroll administration, CFO/controller support, and specialized consulting for healthcare professionals and contractors.
Services
Bookkeeping
Tax Preparation
QuickBooks Support
CFO Services
Payroll Administration
Financial Consulting
Healthcare Accounting
Controller Services
Tax Planning
Audit Support
Details
- Year established: 2021
Highlights and features
- We offer 10+ years of combined CPA experience in tax and accounting.
- Our team implements industry-specific financial systems for healthcare professionals and contractors.
- We provide 24/7 client support via secure portal, email, or phone.
- Our services include free 5-minute tax consultations post-return preparation.
- We guarantee secure data handling with encrypted storage and Type 2 SOC 2 compliance.
Associations and certifications
- Certified Public Accountants (CPA)
What people say
Courteous and prompt
Highly knowledgeable
Excellent QuickBooks guidance
Reliable tax specialists
Detailed-oriented team
Services
Bookkeeping Essentials
Our bookkeeping services ensure accurate, up-to-date financial records through bank reconciliation, expense classification, and accounts payable/receivable management. We use QuickBooks and Xero to streamline processes for small businesses, saving clients 10+ hours monthly. Our team handles daily transactions, month-end close procedures, and financial statement preparation to support informed decision-making.
Tax Preparation
We provide comprehensive tax preparation for individuals and businesses, including complex returns for medical professionals and contractors. Our CPAs optimize deductions while ensuring compliance with federal/state regulations. Services include audit support, amended returns, and year-round tax planning consultations to minimize liabilities and maximize refunds for clients across multiple industries.
QuickBooks Consulting
As Certified QuickBooks ProAdvisors, we offer software setup, customization, and training for desktop and online versions. Our experts integrate complementary tools like Bill.com and SmartVault to create tailored solutions. We provide ongoing support for system maintenance, data cleanup, and process optimization to improve financial workflow efficiency for businesses transitioning from $0 to $25M in revenue.
CFO Services
Our outsourced CFO services deliver strategic financial guidance through budgeting, cash flow analysis, and KPI benchmarking. We assist with business valuations, succession planning, and merger/acquisition strategies while implementing internal controls. Clients receive customized growth plans and monthly financial reviews to enhance profitability and operational performance for growing enterprises.
Healthcare Accounting
Specialized accounting solutions for doctors, dentists, and therapists address industry-specific challenges like payroll administration, insurance reimbursements, and compliance filings. We implement tailored QuickBooks systems for medical offices, handle expense tracking, and prepare financial statements that meet lender requirements while allowing healthcare providers to focus on patient care.
People
Peter Michaelides
President
Peter Michaelides, CPA, has 10+ years in public accounting with expertise in corporate taxation and IRS representation. He graduated from Trinity International University and specializes in strategic tax planning for small businesses while volunteering as a basketball officiator.
Jen Michaelides
CEO
Jen Michaelides, CPA, leads client financial strategy with 10+ years in audit and corporate taxation. A Magna Cum Laude graduate from Trinity International University, she focuses on financial statement analysis and retirement planning while balancing family life and travel.
Yvonne Atwater
Office Manager
Yvonne Atwater brings extensive bookkeeping experience across business sizes, specializing in QuickBooks management. She serves as Sr. Client Manager, balancing client needs with family life in McHenry while enjoying boating and outdoor activities.
Lynsey Jones
Client Manager
Lynsey Jones, a QuickBooks ProAdvisor with 20+ years in accounting, specializes in small business support. She manages day-to-day bookkeeping tasks for clients while residing near the Illinois/Wisconsin border and enjoying DIY projects with family.
Questions
How do you ensure client confidentiality?
We maintain encrypted data storage with Type 2 SOC 2 compliance, no hard copies, and 24/7 monitored backups through secure data centers.
What tax preparation payment options exist?
We require 50% upfront payment with balance due upon draft delivery. Accepted methods include check, credit card, and ACH (excluding Amex/Discover).
Do you offer QuickBooks training?
Yes, our Certified ProAdvisors provide customized training for QuickBooks desktop and online versions, including software selection and implementation support.
What industries do you specialize in?
We focus on healthcare professionals, contractors, financial advisory firms, and SMBs across various sectors with tailored accounting solutions.
How are service fees determined?
Fees are based on time and complexity estimates for each project, with upfront pricing agreed before work begins.
What support exists outside tax season?
We offer year-round advisory services including financial consulting, payroll administration, and CFO support to maintain continuous client partnerships.
