Tax Planning
Year-round tax planning rather than a return prepared after the year is already closed. Jacobs & Newmark reviews entity structure, owner compensation, equipment and vehicle timing, retirement plan contributions, and the transactions a client is considering, while there is still time for the decision to change the outcome. The firm's position is that planning is the work and the return is the record of it.
What this covers
- Review of entity structure and owner compensation
- Timing of significant purchases and transactions
- Retirement plan considerations
- Planning around a transaction before it closes
- Recurring contact through the year rather than at filing time
When people call us about this
- You want to stop finding out the result in April
- A large purchase, sale, or transaction is coming
- The business had an unusually good or bad year
- Your circumstances have changed and nobody has looked at the plan
Any of these is a reason to call. We will tell you what the situation actually takes before you engage the firm.
Who handles this
Where this matters most
Closely-Held & Family Business
Wayne I. Jacobs, CPA has over thirty years in public accounting across retail, service, construction, wholesale, and manufacturing, and joined his father Irvin Jacobs, CPA in practice in 1981.
Veterinary Practices
Edward P. Newmark, CPA has more than twenty-five years in the veterinary industry, has worked with dozens of animal hospitals including practice valuations, and is a member of the Veterinary Hospital Managers Association.
Other services
- General Bookkeeping
- Financial Accounting & Statement Preparation
- Reviews & Compilations
- QuickBooks Setup, Training & Cleanup
- Payroll & Sales Tax Compliance
- Cash Flow Management
- Bank Financing & Lender Reporting
- Strategic Business Planning
- Business Succession Planning
- New Business Formation
- Business & Individual Tax Preparation
- Tax Problem Resolution & IRS Representation
Tell us about the business.
A first conversation is about what you run, how the books are handled now, and what prompted you to look. If we are the right firm we will say so, and if we are not we will say that too.
- DuPage County
- Wheaton, IL
106 E Liberty Dr., Suite 201 - Lake County
- Buffalo Grove, IL
100 Lexington Dr., Suite 210 - Hours
- Monday – Friday, 9:00am – 5:00pm