Tax Preparation & Planning
Stop Filing Taxes. Start Planning Them.
There's a big difference between an accountant who files your return and one who's been working to reduce your bill all year. At Accounting Freedom, tax preparation and proactive planning are built into the same relationship — so you're never caught off guard in April.
Most business owners come to us after one of these moments...
An unexpected tax bill wiped out your cash flow
Nobody warned you it was coming. Now you're scrambling to pay the IRS and cover payroll at the same time.
Your tax preparer only calls once a year
You hear from them in March. That's not planning — that's reporting history. By then, the opportunities to save are gone.
You're not sure if your entity structure is right
S-Corp? LLC? Partnership? The wrong structure can cost you thousands in unnecessary self-employment or corporate tax every year.
You paid more than your competitors — and they run the same kind of business
The difference is usually planning. Legal, proactive tax strategy that your current preparer isn't doing.
Two Things — and We Do Both
Most firms only do one. We build both into the same relationship so your tax return is the result of a year of strategy, not a surprise.
Tax Planning
Year-round, proactive
We work with you throughout the year to legally reduce your tax liability before it's locked in. This is where the real savings happen.
- ✓ Mid-year tax projections so you know where you stand
- ✓ Year-end planning before December 31st deadlines
- ✓ Entity structure review — S-Corp elections, LLC taxation
- ✓ Owner compensation strategy
- ✓ Retirement plan contributions to reduce taxable income
- ✓ Estimated quarterly tax guidance
- ✓ Timing of income and deductions
Tax Preparation
Accurate, timely, electronic
When it's time to file, we handle it. Accurately, on time, and with full electronic access to your documents — no paper shuffling required.
- ✓ Federal & state business income tax returns
- ✓ S-Corp, C-Corp, Partnership & LLC returns
- ✓ Individual income tax returns (owner & family)
- ✓ Sales tax returns (IL and/or WI)
- ✓ Annual 1099 preparation (up to 10)
- ✓ Electronic filing & secure document access
- ✓ IRS & state notice response support
We Prepare Returns for Every Business Structure
From sole proprietors just getting started to multi-entity operations — we know the forms, the rules, and the opportunities inside each structure.
S-Corporation
Form 1120-S, shareholder K-1s, reasonable comp review
C-Corporation
Form 1120, corporate tax strategy, retained earnings planning
Partnership & LLC
Form 1065, partner K-1s, multi-member operating structures
Sole Proprietor
Schedule C, self-employment tax, entity conversion planning
Individual / Owner
Form 1040, pass-through income, investment & capital gains
Real Estate
Rental income, depreciation, 1031 exchanges, passive activity rules
Tax Prep Is the Floor. Planning Is the Upgrade.
Every Accounting Freedom client gets their business taxes prepared. The difference between tiers is how much proactive planning is built into the relationship.
- ✓ Federal & state business tax return
- ✓ Sales tax (IL and/or WI)
- ✓ Annual 1099s (up to 10)
- ✓ Electronic filing
- ✓ Everything in Core
- ✓ Mid-year tax projections
- ✓ Year-end tax planning session
- ✓ Owner comp & entity review
- ✓ Everything in Core+
- ✓ Year-end tax strategy session
- ✓ Next-year goal setting
- ✓ Audit Protection Plan included
Not sure which tier is right? Take the 2-minute self-assessment →
Tax Questions We Hear All the Time
Let's Talk About Reducing Your Tax Bill
A free consultation costs you nothing. Finding out you've been overpaying for years might sting a little — but at least we can fix it going forward.
Illinois: 847-949-8373 | Wisconsin: 262-375-2440