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

Expedited Nonresidential Qualified Leasehold Improvement Tax Deductions

First let’s explain what qualifies as a nonresidential leasehold improvement: A qualified leasehold improvement is any improvement made to the interior portion of a nonresidential building if¹: The improvement is made pursuant to a lease by the lessee, sub lessee or lessor as long as the lease is not made between related parties. Lessee occupies the portion being improved, and Improvement(s) is placed into service more than three years after the date the building was first placed into service. Qualified leasehold improvement expenses exclude any improvements for² Enlarging the building Elevators or escalators Structural components for the common area of the building, or Internal structural framework of the building (load-bearing walls, columns and beams) Qualified leasehold improvements include the following: Utilities Framing Walls Doors Windows Pipes and fittings Fire protection HVAC (heating, ventilation and air conditioning) Permanent interior finishes Permanent floor coverings, and Millwork and trim Qualified leasehold improvements qualify for the following tax deductions: Immediate Section 179 expensing up to $500,000³ Immediate 50 % bonus depreciation until year 2019 4 15-year depreciation on the basis remainder 5 In other words, you spend $600,000 on qualified leasehold improvements.  You use Section 179 expensing to expense $500,000 this year, then apply the 50% bonus depreciation of $50,000 and leaves you with a basis of $50,000 to expense over the 15-year period beginning this year. If you would like to learn more about this tax strategy, please call Susan at 847.895.9880 ¹ IRC Section 168(e)(6)(A) ² IRC Section 168(e)(6)(B) ³ IRC Section 179(f)(2)(A) 4 IRC Section 168(k)(2)(A)(i) 5 IRC Section 168(e)(3)(E) (iv)... read more