Small Business
Accounting Made Easy

Accounting, software & financial management
services designed to help make your job easier.

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Solutions Designed to Help Your Business Run More Efficiently

Accountant in Schaumburg

Accounting

Whether you require monthly, quarterly or annual accounting support we will work with you to ensure your financial needs are being addressed and your goals are being achieved.

Bookkeeping

Bookkeeping

Reduce your overhead by outsourcing your bookkeeping needs. We will handle this critical but time-consuming function on-site or off-site.

Payroll Solutions

Payroll

We eliminate the need for a full-time payroll specialist by taking care of all the time-consuming administrative tasks, including check processing, direct deposit, W-2 processing, and payroll tax filing.

QuickBooks

QuickBooks

We are QuickBooks ProAdvisors meaning we can help you not only setup QuickBooks, but train you and provide ongoing assistance as needed.

Kind Words From Our Clients

“We were in desperate need of professional accounting and accounting software assistance. Susan Mairo, CPA was easy to speak with, informative and patient. Every time or anytime we needed help, or had a question(s) her firm has been there for us, which is impressive and very satisfying. Their recommendations to our company have had an immediate impact on operations and our taxes and finances.” Bob Carlson

President, Pearl Design Group, LLC

Recent Blog Posts

The Tax Reform Act Changes Home Mortgage Interest Deductions

The recent tax reform contains two big changes to how much you can deduct in mortgage interest for tax years 2018 through 2025: During this seven-year period, you may not deduct any interest on prior or current home equity debt, with certain exceptions. Also during this seven-year period, the maximum amount you may treat as acquisition debt for homes purchased after December 15, 2017, is $750,000. Exception alert. Your home equity loan may include acquisition or home-improvement debt, and that debt continues as deductible under the recent tax reform rules. Example. Billy took out a $90,000 home equity loan in 2015. He used $50,000 to remodel portions of his home and used the remaining $40,000 for his daughter’s college tuition. Billy’s total home mortgages never exceeded $1.1 million. Under the new law, Billy may deduct 5/9 of his home equity loan interest in 2018. Acquisition debt. When you buy your main home or a second home and take out mortgages secured by those homes, your mortgages are called acquisition debt. You can add acquisition debt when you improve your main or second home, and that new debt is secured by the home you improved. Refinancing alert. Your acquisition debt does not increase when you refinance unless you use the new monies to improve the home. Example. Tom bought a home in 2010 and took out a $500,000 mortgage that he secured with the home. In 2018, Tom has paid down his mortgage to $430,000, and his home has increased in value to $800,000. Tom refinances the home and takes out a new mortgage in the amount of $600,000, secured... read more