Accounting Solutions Ltd.

Accounting Solutions Ltd. Accounting Firm in Chicago Providing CPA's and EA's to Small Businesses, Estates, and Trusts. Accounting Solutions Ltd.

Providing Income, Payroll, and Sales Tax Returns, Monthly, Quarterly, and Annual Financial Statements, and IRS, IDOR, and IDES Audit Representation We are Chicago’s Top Accounting Firm helping small businesses achieve profitable operations and a stress-free tax experience. We have more than 25 years experience and pride ourselves in giving each and every one of our clients personalized and detaile

d attention. Our focus is expertise, accounting ethics and developing strategies that will help you achieve financial and taxation success. specializes in the accounting and taxation needs of small businesses, estates, trusts and upper income individuals. We understand that every business is unique and that’s why our CPA’s take a personalized approach to each client. We will meet with you to learn about your business, discuss your current financial standing and how we can help you achieve profitable operations. We take a very hands-on approach and are always ready to answer any of your financial questions. Your financial statements are in expert hands when you hire Accounting Solutions Ltd. Call today and receive a FREE 60 minute consultation.

AI Hallucinated Tax Law Causing Major Problems For Entrepreneurs
09/03/2026

AI Hallucinated Tax Law Causing Major Problems For Entrepreneurs

A recent Tax Court case, Clinco, T.C. Memo. 2026-16, shows exactly what not to do when using Artificial Intelligence (AI). The decision provides a cautionary example for all entrepreneurs navigating the growing use of AI in accounting, tax, and legal research The case involved the 2015 tax return of...

Tax Law Proposals For This Year That Entrepreneurs Should Know
09/02/2026

Tax Law Proposals For This Year That Entrepreneurs Should Know

Congress returned to work this morning. The first thing on their agenda is a spending bill that would keep the government open through December. However, several tax bills are in the works that may affect year-end planning. Those bills include… 1 – An Increase In the Capital Gains Exclusion Sinc...

Entrepreneurs Are Taking Advantage Of Illinois' Newest Tax Credit
08/31/2026

Entrepreneurs Are Taking Advantage Of Illinois' Newest Tax Credit

During a shoot in suburban Chicago last month, Ellen White, the chief executive of sustainability consultancy EcoFixr stood beside a neat row of receptacles marked “landfill,” “compost” and “mixed recycle” while the crew working on a Walgreens commercial finished its catered Mexican lunc...

08/26/2026

Local Property Tax Increases Higher Than Inflation Rate Again

What All Entrepreneurs Should Know About The Voluntary Disclosure Program
08/26/2026

What All Entrepreneurs Should Know About The Voluntary Disclosure Program

The IRS Voluntary Disclosure Program (VDP) has long offered taxpayers with unreported income a path to compliance before the agency discovers the problem independently. In 2026, proposed changes to the program’s penalty structure are reshaping the math in our favor for coming forward. Major change...

08/21/2026

IRS To Stop Illegals From Receiving Refundable Tax Credits

No Tax On Overtime Just Became A Nightmare For Employers
08/19/2026

No Tax On Overtime Just Became A Nightmare For Employers

Our friends at the Internal Revenue Service just updated its guidance for the No Tax On Overtime Rule that went into effect last year. The changes aren’t going to be easy and will cause substantial difficulties for employers. But before I get into all of that, let’s review the basics on this law...

IRS Mistakes Multiply Exponentially
08/15/2026

IRS Mistakes Multiply Exponentially

The Internal Revenue Service’s overall improper payment rate on tax breaks like the Earned Income Tax Credit increased from 21.9% in fiscal year 2024 to 26.5% in 2025. The total estimated improper payments amounted to approximately $28.1B, according to a new report. The report, released last week ...

BOI Reporting Rule For Entrepreneurs To Be Officially Nullified
08/12/2026

BOI Reporting Rule For Entrepreneurs To Be Officially Nullified

The Financial Crimes Enforcement Network (FinCEN) will issue a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. The final rule is effective once published in the Fe...

What All Entrepreneurs Need To Know About The Tariff Refunds
08/10/2026

What All Entrepreneurs Need To Know About The Tariff Refunds

The administration said that it has refunded about $100B of the revenues collected before the Supreme Court reversed the duties on the President’s Liberation Day. The figure, reported Tuesday in a filing in the U.S. Court of International Trade, represents about 60% of the roughly $166B the govern...

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3227 W Bryn Mawr Avenue
Chicago, IL
60659

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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