About
Professional tax and business services
Top quality accounting services for your business
With more than two decades of experience, we work with companies of all sizes, and in all industries. We are dedicated to handling all tax issues swiftly and accurately, so that you can focus on what really matters to your business.
Choose us for trust, service and accuracy
We are a full service accounting firm specializing in tax and compliance. Everyone on our team has the professional qualifications required to give you the very best service and advice in all areas of personal and business tax.
15
Dedicated professionals
4630
Cases annually
22
Years of experience
Why is Tax Concepts's accounting firm of choice?
Our team of professionals provide solid solutions for your personal planning and business strategy All of our services are tailored to meet the diverse phases of your personal and business growth.
Trust
We are committed to developing strong lasting relationships through commitment, communication and honesty.
Expertise
We've dealt with a variety of accounting clients. Whatever financial situation you're in, we have you covered.
Community
We believe in the work we do because it helps people and businesses become financially empowered.
Ethics
We're committed to following the ethical and legal guidelines that will protect you during an audit.
Efficiency
We're not here to waste time. We'll ensure your accounting is done quickly and painlessly.
Many more
If you want to find out more about what we offer to our clients, make sure to call us at 773-839-9122 or contact us online.
From the very first day of business, I have trusted Tax Concepts with all of my accounting needs. They are professional, reliable, experienced and so easy to work with.
Alexander Swarzy
Our professional team is here to help you with any questions or concerns. Learn more about your rights and requirements.
Taxes are complicated. We strive to simplify the process so you have less stress and worries.
Contact us
Want more information?
Services
Latest news
Most people are familiar with how personal credit works. You start with no credit profile, get small credit cards to initially build your credit score, then as your credit grows you can use it to qualify for loans, auto vehicle financing, even mortgages. With business credit you can do the exact same thing. A business itself can also start with nothing, put small credit accounts on the report called “vendor” accounts to establish a score, then that credit can be used to qualify for loans, auto vehicle financing, even mortgages. Having business credit provides any business owner with some major advantages. For one, with both personal and business credit built the business owner has double the borrowing power as the owner now has two profiles, they can use to obtain credit. When business credit is built the right way, it can be built with no personal credit check. This makes it perfect for credit challenged individuals, and those who want to eliminate their personal liability on their business debts. Too many business owners get into serious trouble, lose their personal assets, even file personal bankruptcies, all to get rid of business debt. With business credit this doesn’t need to happen as the business owner them self isn’t liable for the business debts, only the business is. That means in case of default, the lender cannot pursue the personal assets of the business owner.
Taxes can be one of the biggest expenses for individuals and businesses alike. However, with proper tax planning services, you can save a significant amount of money while maximizing your returns. In this blog, we'll discuss the benefits of professional tax planning and how it can benefit you in the long run. What is Tax Planning? Tax planning is the process of analyzing your financial situation to ensure that you’re taking advantage of all eligible tax deductions, credits and exemptions. It’s all about minimizing your taxable income, maximizing your deductions, and ultimately achieving the lowest possible tax liability for your specific financial situation. Effective tax planning can help you save a considerable amount of money on your tax bill each year. How Tax Planning Services can Benefit You 1. Maximize Your Returns Professional tax planning services can help you maximize your returns by identifying all potential deductions and credits that you may have overlooked. A Tax planner will examine your tax situation in detail and recommend the best strategies to minimize your tax liability. 2. Lower Your Tax Liability Tax planning can lower your income tax liability through a variety of techniques. For example, a tax planner may recommend delaying income until it falls into a lower tax bracket or helping you take advantage of tax deductions and credits you were previously unaware of. You may also be able to reduce your taxable income by contributing to retirement savings accounts or charitable organizations. 3. Avoid Costly Tax Mistakes Tax laws can be complex and constantly changing. Making a mistake on your tax return can lead to costly penalties, fines, and even an audit. Professional tax planning services can help ensure you're complying with IRS regulations and taking advantage of all possible tax-exempt opportunities. 4. Plan for the Future Effective tax planning extends beyond the current tax season. An experienced tax planner can help improve your long-term financial outlook by developing a comprehensive tax strategy that aligns with your financial goals.