Business Details
32 Years
experience
Trusted Tax and Accounting Services in Carol Stream
Edward R Schwab C PA delivers comprehensive tax, accounting, and consulting services rooted in over 35 years of professional expertise. Our firm prioritizes personalized client relationships, combining the experience of a large firm with the attentive service of a small practice. We specialize in tailored solutions for individuals and small to medium businesses, emphasizing integrity, transparency, and long-term trust.Our team, led by CPA Edward Schwab, leverages decades of industry experience to navigate complex financial landscapes while maintaining a commitment to ethical standards. We serve clients across Illinois and 15 additional U.S. states, offering strategic guidance for tax compliance, business growth, and life-changing financial decisions.
Services
Tax Services
Accounting Services
Consulting Services
Business Consulting
Individual Tax Planning
Details
- Year established: 1994
Highlights and features
- We offer 35+ years of CPA expertise in tax and accounting.
- Our personalized service ensures direct access to experienced professionals.
- We maintain CPA certification and ongoing industry education.
- Our clients span diverse industries across 16 U.S. states.
- We provide accessible support during tax season with extended hours.
Associations and certifications
- Certified Public Accountants (CPA)
Services
Tax Services
Our tax services include federal and state individual returns, business tax filings for S Corps, C Corps, partnerships, and LLCs, along with estate, gift, and payroll tax compliance. We specialize in minimizing liabilities through strategic planning while ensuring adherence to evolving regulations. Clients benefit from personalized guidance for complex tax situations and life events.
Accounting Services
We provide comprehensive accounting solutions including general ledger maintenance, bank reconciliations, QuickBooks support, payroll processing, and sales tax compliance. Our services cater to small businesses needing outsourced accounting or periodic system reviews. We ensure accurate financial records and streamlined processes tailored to each client's operational needs.
Consulting Services
Our consulting services address business and individual financial challenges, covering retirement planning, business start-ups, entity selection, and life transition strategies. We combine tax expertise with personalized financial planning to support informed decision-making. Clients receive strategic advice for growth, compliance, and long-term financial health.
Business Start-up Consulting
We assist entrepreneurs with entity formation, registration, accounting system setup, and software selection. Our expertise includes federal/state compliance and strategic planning for new ventures. Clients gain practical insights to establish solid financial foundations and navigate early-stage business challenges effectively.
Individual Tax Planning
Specialized tax planning for individuals covers retirement strategies, college funding, divorce settlements, and post-loss financial recovery. We focus on minimizing liabilities while aligning tax decisions with personal life goals. Our approach combines technical expertise with a deep understanding of clients' unique circumstances.
People
Edward R Schwab
Principal Accountant
Certified Public Accountant with 35+ years of experience. Former supervisor at White Hen Pantry and regional firm Bernstein Hoffman, Ltd. Specializes in tax strategy and small business consulting since founding his firm in 1994.
Laura J Schwab
Office Manager
Handles bookkeeping and administrative operations since joining in 2006. Holds a Bachelor of Music degree from Illinois State University. Provides essential support for firm operations and client service delivery.
Questions
How do you bill for your services?
We bill hourly based on time spent and service type, not by form or project.
What are your office hours?
8:00am-5:00pm non-tax season; extended evening/weekend hours during tax season.
What tax services do you offer?
Individual and business tax preparation including 1040s, 1120S, 1065, Schedule C, and state filings.
Do you serve clients outside Illinois?
Yes, we assist clients in 15 additional U.S. states.
What accounting software do you support?
We specialize in QuickBooks datafile review and maintenance for small businesses.
How do you handle complex tax situations?
We provide personalized consultations for high-net-worth individuals and business owners with complex needs.
