Managing a successful business requires balancing vision, innovation, passion, and management. While meeting the immediate needs of customers/clients is always a priority, many Chicago business owners spend time focused on new ways to deliver value. These conflicting priorities often mean little time to focus on the company’s tax situation including tax planning to reduce overall tax liability. The complexity of the tax code and the changes ushered in by the Tax Cuts and Jobs Act (tax reform) have left many unsure about their corporate tax situation. 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 corporations, both S-corps and C-corps, 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, as well as make sense of tax reform changes as well as how to leverage new opportunities for savings such as the Qualified Business Income Deduction, as well as other incentives and opportunities. 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. In other words, Selden Fox has all the bases covered for your business when it comes to tax compliance and planning.
Our corporate tax services include:
- Tax planning, compliance, and research
- Corporate tax filings
- IRS and state tax examination assistance
- Tax planning strategies to minimize the tax impact
- IRS and state tax representation
- Multi-state tax planning
- Nexus determination
- Tax credits and incentives
- Tax-deferred exchanges
- Quarterly tax preparation and filings
- Sales and use tax planning and compliance
- Succession planning
- Outsourced accounting and bookkeeping
- Wealth planning
The ever-evolving nature of the tax code keeps Chicago area business owners continuing to wonder each year 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.