Accounting Services
Innovative accounting solutions delivered with personal attention.
Timely and accurate accounting is essential to your business success!
Why outsource your accounting to us
Are you looking for an efficient and reliable accounting firm to handle your company’s accounting? If so, you’ve come to the right place.
We provide the information you need when you need it to help you make the right decisions
We have dedicated professionals that handle your accounting function from A to Z. Above all, at DuPage Tax Solutions, we strive to make accounting as painless as possible and to give you reporting that is timely, relevant, and easy for you to understand.
We do a lot more than keep the books. We are your reliable partner.
Is your business growing, but you find accounting is a drain on your time and energy? We are here to help! Specifically, our innovative accounting solutions take care of your books, so you can focus on managing your business and generating profits!
Only pay for the accounting you need
Generally, many growing businesses are under or over-staffed in their accounting departments, leading to delays in keeping up with routine tasks or wasted money on idle employees. Outsourcing lets you pay only for the accounting you need.
Additionally, our expert accountants use web-based software to provide a complete accounting department without taking up your office space or spending time on constant updates of old software.
Check out our accounting and bookkeeping competitive prices.
Cash Flow Management
Whether you just started your business or your growing business includes multiple entities and locations, you have come to the right place! We have the experience to develop tailored plans to give you actionable insights at the level you need and plan your business’s future growth.
Mainly, our team of advisers takes you from looking at the past to planning for the future so that you can make better business decisions.
Helping you reach your organization's objectives
What’s your plan to achieve your goals? We’re here to help you with financial planning that can create a real pathway to business objectives rather than shooting from the hip, basing everything on a hunch, and hoping for the best. Moreover, it’s time to enlist an expert to help your business with budgeting, cash flow forecasting, and cash management.
You have business goals. We can help you reach them sooner.
Budgeting – What will your financials look like in 1, 3, 6, or 12 months? Growing businesses need a plan for spending money wisely and staying accountable for to profitable growth. We help you build the plan and increase accountability.
Cash flow forecasting – What will your cash balance be in 1, 3, 6, or 12 months? Will you have money to pay the bills? Growing businesses need to have a plan, so they don’t get caught in a cash crunch. Running out of cash is the #1 reason businesses fail, even if the P&L says the company is profitable. We help you look ahead, so you aren’t caught flat-footed.
Cash management – Who is watching the bank account? All businesses need a cadence of daily, weekly, and monthly tasks completed to make sure cash is coming and going efficiently. We provide guidance and advice to ensure that cash flow is maximized and follows your plan.
CFO / Strategic planning services
Helping you move in the right direction
That means more than setting goals and hoping for the best. Identifying your current business issues and diagnosing internal problems is critical for any short- or long-term plan. As your consulting partner, we can help you discover and implement solutions before those problems derail your growth strategy.
Our CFO services include:
- Financial Statement Analysis
- Entity Structuring
- Cash Flow Analysis
- Short- and Long-Term Forecasting
- Financing Proposals
- Internal Control Evaluations
- Risk Advisory & Mitigation
Business success is the result of careful and tailored planning.
Our approach is designed to fit your specific business needs. We’ve helped organizations of all sizes reach their objectives by providing expert advice based on years of industry experience. Undoubtedly, we recognize that the best planning and advice come from getting to know your unique needs and developing strategies that are geared toward your success. We’re more than consultants. Our firm is an extension of your team, and your success matters to us.
Accounting for Non-Profit Organizations
At DuPage Tax Solutions, we can handle the setup and maintenance of your non-profit organization’s tax-exempt status by taking care of all the IRS reporting for you. With our accounting, you’ll know the financial position of your organization and fulfill the IRS filing requirements for non-profits.
IRS filing requirements
Each year the IRS requires most tax-exempt organizations to submit the following items:
- Form 990
- Income Statement
- Balance Sheet
- Functional Expense Statement
- Individual Program Expense Statement
- Revenue Support Schedules
The IRS uses this specific revenue and expense classification to determine if your organization will retain its tax-exempt status. So, it’s essential for you to build your accounting system around these revenue and expense classifications.
Need help setting up your new not-for-profit organization?
For your new not-for-profit organization, we can help you prepare your organization’s 501 (c)(3) application for tax-exempt status.
Here's what's needed:
- Articles of Incorporation
- Employer Identification Number
- By-laws of the Organization
- Minutes of Board Meetings
- Names, Addresses, and Resumes of Board Members
- Names and addresses of all Active Members
- Inventory of Assets
- Inventory of Liabilities
- Rent/Lease Agreements and Contracts
- Revenue and Expense Statement
- Revenue and Expense Statement
- Written Reason for Formation and History
- Organization Mission Statement
- Organization Activities, Operations, and
- Programs Documentation
- Financial Support Documentation
- Fund Raising Program Descriptions
- IRS Processing/Filing Fee
We are happy to prepare any of these items if you need help.
