Business Details
Your Trusted Partner for Tax and Accounting Solutions in Chicago
At River East Tax and Accounting, we have dedicated ourselves to providing comprehensive tax and accounting solutions tailored to the unique needs of service industry professionals. With decades of specialized expertise in navigating tax laws for tipped workers, our certified advisors deliver precise, up-to-date guidance to minimize liabilities and maximize deductions. Our commitment to excellence extends to personalized tax planning, accurate bookkeeping, and proactive resolution of complex financial challenges.We prioritize client success by combining deep industry knowledge with a proactive approach to evolving tax regulations. For over 30 years, our team has built a reputation for reliability, professionalism, and exceptional service, ensuring clients achieve optimal financial outcomes while maintaining compliance.
Services
Tax Preparation
Accounting
Tax Resolution
Tax Planning
Beneficial Ownership Reporting
Highlights and features
- We specialize in tax services for service industry workers with 28 years of focused expertise.
- Our certified advisors stay current with evolving tax laws to ensure compliance and savings.
- We reduce tax liabilities through industry-specific knowledge of tipped worker regulations.
- Accurate bookkeeping services free clients to focus on business growth.
- Proven track record of maximizing refunds for individuals and corporations.
What people say
Great and welcoming service
More money back
Work tirelessly
Highly recommend
Services
Tax Preparation
We prepare comprehensive tax returns for individuals, corporations, and partnerships, with specialized expertise in service industry taxation. Our team ensures accurate reporting of tips and deductions to minimize liabilities while maintaining compliance with federal and state regulations. Clients benefit from tailored strategies to maximize refunds and avoid penalties.
Accounting
Our professional bookkeeping services maintain precise financial records, providing clarity and compliance for businesses. We track income, expenses, and tax obligations year-round, enabling data-driven decisions and seamless audit readiness. This service ensures businesses focus on growth while we handle financial accuracy.
Tax Resolution
We resolve complex tax issues including audits, back taxes, and penalty abatements. Our experts negotiate with tax authorities to achieve favorable outcomes, leveraging deep knowledge of service industry challenges. Clients receive strategic guidance to rectify past issues and prevent future complications.
Tax Planning
We develop customized tax plans to reduce liabilities through proactive deductions and compliance strategies. By analyzing annual financial patterns, we identify savings opportunities specific to service industry workers and businesses, ensuring optimized tax outcomes throughout the year.
Beneficial Ownership Reporting
We assist businesses in preparing and submitting Beneficial Ownership Information Reports (BOIR) to FINCEN. Our team ensures timely compliance with federal requirements, avoiding penalties for late or incorrect filings while maintaining data accuracy for corporate entities.
Questions
What tax services do you offer for service industry workers?
We provide specialized tax preparation for servers, bartenders, cooks, and managers, focusing on tip reporting to reduce Illinois state tax liabilities.
How can you help minimize my business tax liability?
Our tax planning identifies industry-specific deductions and compliance strategies to legally reduce your business's tax burden throughout the year.
Do you handle tax resolution for past filing issues?
Yes, we resolve audits, back taxes, and penalties with tailored solutions for service industry businesses and individuals.
What accounting services do you provide?
We offer accurate bookkeeping, financial record maintenance, and compliance support to ensure business financial clarity and regulatory adherence.
Is the BOIR filing service available for corporations?
Yes, we assist LLCs and corporations with FINCEN BOIR filings to meet federal requirements and avoid penalties.
How do I schedule an appointment?
Call (312) 794-4100 ext 4 to book a consultation with our certified tax advisors for personalized service.
