Managing a successful business requires a balance between vision, innovation, and passion. While meeting the immediate needs of customers is today’s priority, many Chicago business owners spend time focused on new ways to deliver value. Whether it’s more favorable payment options, shipping terms, or product offerings, they are all important consideration. These conflicting priorities often means little time to focus on the company’s tax situation including tax planning to reduce overall tax liability. Additionally, the changes ushered in by the Tax Cuts and Jobs Act of 2017 (tax reform) has created additional confusion and uncertainty. As a result, it is imperative to work with a professional service provider that understands the tax landscape and can provide needed direction throughout the year.
Selden Fox works with C-Corporations in a variety of industries across Chicago to help manage their federal, state and local tax planning, compliance, and reporting requirements. We work with business owners to find ways to reduce their tax liabilities through the research and development (R&D) tax credit and other tax incentive programs. In addition, our team has experience with issues arising from multi-state concerns, IRS and state tax examinations, as well as international tax planning and compliance.
Our C-Corporation Tax Services include:
- Tax planning, compliance, and research
- Corporate tax filings
- Tax credits and incentives
- Tax deferred exchanges
- Multi-state tax planning
- Nexus determination
- Sales and use tax planning and compliance
- Outsourced accounting and bookkeeping
- Quarterly tax preparation and filings
- IRS and state tax examination assistance
- Succession planning
- Wealth planning
The comprehensive changes to the tax code have left many Chicago area business owners wondering how they will be impacted. If you are looking for assistance with your business taxes or have other accounting concerns, Selden Fox can help! For additional information call us at 630.954.1400 or click here to contact us. We look forward to helping you soon.