Tax Services
We understand taxes.
Porte Brown’s Certified Public Accountants monitor developments in tax laws and changes in policy to provide businesses and individuals accurate and timely support related to federal, state, local and international tax matters. We have been providing tax and accounting services to Chicago and the surrounding communities since 1946 and specialize in everything from traditional tax services to functional expense and budget consulting to multi state nexus issues. We also help our clients determine how best to take advantage of tax credits and deductions during times of growth or relocation as well as how to utilize financial assistance programs to further reduce your tax burden. Here's a breakout of the tax and accounting services our CPAs can assist you with.
It's a Complicated Subject.
Change and complexity seem like the only constants in tax policy. Porte Brown’s skilled CPAs monitor these developments to provide businesses and individuals with precise, timely tax counsel on federal, state, local and international tax matters related to:
- Tax Planning for High Income Individuals
- Closely Held Businesses
- Trusts, Estates and Gift Issues
- Exempt Organizations and Analysis and Reporting of UBIT
- Transition Planning
- Compensation and Employee Benefits
- International Tax, IC Disc and Other Export Incentives
- State & Local Tax (S.A.L.T.)
- Cryptocurrency Tax Services
Tax credits and deductions?
Are you or your business taking full advantage of government sponsored tax programs? For example:
- 1031 Exchanges: Clients selling property used in their trade, business or as an investment can defer payment of taxes on the gain with careful planning.
- Research and Development Credits: Most businesses invest in product or process improvements; companies can recapture a percentage of those dollars and reinvest them back into the business.
- Cost Segregation Studies: Cost segregation studies are one of the most valuable tax strategies available for commercial real estate owners. Cost segregation can increase cash flow through tax accelerated depreciation of construction costs or purchase price.
- Energy Efficient Building Tax Credits: Companies that renovate and install energy efficient materials may be eligible for a per square foot deduction and faster write-offs.
For more information related to Tax Planning or International Tax, please contact CPA tax accountant and Porte Brown Tax Practice Group Leader, Kelley Hare, CPA.
What Do You Need Help With?
Tax season is not something most people look forward to. However, it’s an unavoidable part of life for every working American. As such, it’s essential to make the process as simple and efficient as possible.
Luckily, when you work with an experienced tax accountant in Chicago, you can avoid costly mistakes, save time, and ensure that you take advantage of tax breaks that are available in your situation.
Porte Brown has been providing tax and accounting services since 1946, helping clients in Chicago and the surrounding communities with everything from traditional taxes to complicated business tax issues.
Tax Return Preparation Services
Whether you’re a business or an individual, filing taxes can be complicated, especially since many regulations and rules are constantly changing. We can help ensure that you won’t make any costly mistakes as well as provide assistance on decreasing your tax bill by highlighting tax breaks and deductions that can make a big difference. Planning for your tax returns is key to simplifying the tax process. At Porte Brown, however, we believe that taking a proactive approach when dealing with your taxes is even more critical to making your tax return preparation a hassle-free experience. With the help of our tax and accounting services, Chicago companies can minimize the tax liabilities and rest assured they remain compliant.
When you tackle tax-related challenges in advance, you can not only avoid issues with the IRS but also maximize the amount that’s left after taxes.
Tax Consulting Services
If you’re unsure about the best way to structure your business, our tax services in Chicago can help. A CPA tax accountant can help you figure out which business entity to choose for tax purposes and how to lower your tax rates, keeping more of what you earn in your pocket.
Tax Problems
Facing problems with the IRS is never pleasant. As a result, you want someone on your side that can solve them in the easiest way possible. At Porte Brown, we have helped thousands of clients in a variety of situations and our tax accountant in Chicago can help you avoid penalties, get settled with the IRS, and move forward quickly and efficiently.
Personal Accountant
If you need experienced personal tax accountants, Chicago has few tax firms with as much experience as Porte Brown. We can help make sense of your tax situation, show you better ways to file your taxes, and help your business take advantage of any available opportunities.
Sales Tax Business Accounting Services
Sales taxes are changing constantly, so it’s not surprising that businesses can sometimes have a hard time keeping track of them. If you want to understand how much sales tax you should collect, what to charge, or even how to construct your invoices, Porte Brown’s tax services in Chicago are there for you.
Small Business Accounting & Bookkeeping
We understand the unique issues faced by small businesses when filing taxes and are ready to take over the entire process for you. We will assess your situation, offer advice on the best ways to proceed, and take over your accounting and bookkeeping, allowing you to focus on running your business.
Payroll Accounting
Keeping track of payroll taxes is a big hassle for businesses. It not only takes up a lot of time but can become a serious issue when something is done incorrectly. Our payroll tax services in Chicago, IL, can help you save time, money, and stress, as you’ll know that everything is completed according to the current State and Federal laws.
Entity Selection & Restructuring
Choosing the right business entity is a big part of success. It will have a significant impact on how much taxes you have to pay, as well as your liability and obligations. Porte Brown’s Chicago tax services can help you determine the best entity in your situation and restructure your business if necessary.
IRS Representation
If the IRS is auditing you, having an experienced Chicago tax accountant on your side can make all the difference. Even though some try to tackle the challenge independently, that usually ends up costing more time and money. An audit can be stressful and disruptive. However, we can take over the entire process and help work out the most beneficial solution for your situation.
Certified Tax Coaching Planning
For most businesses and individuals, taxes are the single biggest expense they face every year. Therefore, figuring out how you can pay less should be a top priority. A Porte Brown tax professional in Chicago can analyze your current situation, help ensure that you’re complying with laws and regulations, and minimize your tax bill as much as possible, setting you up for lower taxes in the future.
Work with Porte Brown
If you’re looking for a tax accountant, Chicago has many options to choose from, but few have the track record and the experience that Porte Brown can offer. To learn more about our Chicago CPA firm and the services we offer, contact us today!
Next step:
For more information related to Tax Planning or International Tax, please contact CPA tax accountant and Porte Brown Tax Practice Group Leader, Kelley Hare, CPA. For assistance with State & Local Tax matters, please contact Porte Brown’s S.A.L.T. Practice Group leader, William Sebastiano, at (847) 956-1040.
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