Plainfield Accounting & Tax LTD
Plainfield Accounting & Tax LTD
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    • Tax Return Preparation
    • Business Incorporation
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    • Tax Resolution Services
    • IRS Letters
    • Blog
    • Personal Finances
    • Blank
    • Files
    • POA 2848 FORM
    • 1040 Tax Return
    • 1040X Amended Tax Return
    • 1120S SCorp Tax Return
    • 1120 Corporate Tax Return
    • 1065 Partnership Return
    • 990 Tax Exempt Return
    • 1120H Homeowners Assoc
    • LLC Tax Return
    • Forms
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      • Payroll Services Provided
      • PAYROLL REQUIREMENTS
      • Business Payroll
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  • Home
  • Tax Return Preparation
  • Business Incorporation
  • Accounting Services
  • Tax Resolution Services
  • IRS Letters
  • Blog
  • Personal Finances
  • Blank
  • Files
  • POA 2848 FORM
  • 1040 Tax Return
  • 1040X Amended Tax Return
  • 1120S SCorp Tax Return
  • 1120 Corporate Tax Return
  • 1065 Partnership Return
  • 990 Tax Exempt Return
  • 1120H Homeowners Assoc
  • LLC Tax Return
  • Forms
  • Business Payroll Services
    • Payroll Services
    • Payroll Services Provided
    • PAYROLL REQUIREMENTS
    • Business Payroll
  • Appointment Deposit
    • Appointments
  • Useful Links
  • Where Is My Refund?
  • Checklist for Clients

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Accounting Services (Under Construction)

Financial Statement Preparation

Financial Statement Preparation

Financial Statement Preparation

 

Small businesses have various needs for financial statements.  Lenders request them, investors request them, and even you should want to know about the financial position and progress of your business.  Properly prepared financial statements can be elusive, if you don’t know what is supposed to go in them in order to meet everyone’s needs.  This is where we can help.


 INCOME STATEMENT

 An income statement, also known as a profit and loss statement, adds an itemized list of all your revenues/sales and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.



BALANCE SHEET 

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.



STATEMENT OF RETAINED EARNINGS Retained Earnings refers to the portion of net income that was not distributed to the owners of a company, but was reinvested (retained) by the business. The Statement of Retained Earnings or Statement of Retained Deficit, depending on the business performance, explains the changes in the company’s retained earnings over the reporting period.


STATEMENT OF EQUITY 

Somewhat similar to the statement of retained earnings, the statement of Shareholders’, Members’ or Partners’ Equity not only includes retained earnings, but also owner investments into the company. Equity is the residual value in the assets when the debt is paid off to the creditors and when the obligations have been met.


STATEMENT OF CASH FLOWS 

The statement of cash flows shows the movement of cash into and out of the company. It separates these “cash flows” into three categories…cash flow from operations, cash flow from investing activities, and cash flow from investing activities.




Payroll

Financial Statement Preparation

Financial Statement Preparation

  Payroll is one the most important functions of your business.

Employees must be paid on time, required tax reports and withholdings must be filed timely.  If payroll reporting is not performed as required, you could face large penalties and in some cases, owners have lost their businesses.  So, the best decision you can make is to leave the responsibilities to a Payroll Services Leader.


We offer full service payroll and HR services & solutions.

We partner with the best payroll services corporation, ADP.

We will help select the best payroll solutions you need to provide on time payroll.

  ADP offers a full range of payroll, HR, insurance, employee benefit plans, services and more.


Call us at 815.839.7600 to schedule your appointment to set up payroll services so you can pay your employees and contractors accurately and on time.




Business Incorporation

Financial Statement Preparation

Business Incorporation

Reliable Accounting Services

We go the extra mile by providing an extensive list of services you need in when starting your new business.


First, Our Business Incorporation Service will help you select the appropriate business structure.


Then we also help ensure your business is properly registered with the IRS, State Department of Revenue, Department of Employment Security, Dunn & Bradstreet and more.


We will work with you to ensure you are set up for success!


Common Legal Business Structures


 Sole Proprietorship

Limited Liability Company

 Corporation

Partnership

S Corporation


(check back later...more to come)

Quickbooks Bookkeeping

IRS Tax Resolution Services

Business Incorporation

IRS Tax Resolution Services

IRS Tax Resolution Services

IRS Tax Resolution Services

Consulting

IRS Tax Resolution Services

IRS Tax Resolution Services

 


Our broad and specific experience coupled with integrity and strong customer service skills allows us to offer superior customer service you can rely upon.


Our Customers Count on Us.  Our success is measured by our customers success.


Expert Accounting, Tax Return, Tax Reporting & Preparation Services You Can Count On


Call Today!

Plainfield Accounting & Tax LTD

Plainfield, IL  60544

815.839.7600  Office

info@plainfieldaccountingtax.com



Serving Individual and Business Clients in Plainfield IL, Naperville IL, Joliet IL, Crest Hill IL, Romeoville IL, Bolingbrook IL, Shorewood  IL, Oswego IL, Aurora IL, Western Cook County, Will County, DuPage County, and Surrounding Chicagoland Areas. 


Copyright © 2022 Plainfield Accounting & Tax LTD - All Rights Reserved

Serving 60544,60585,60586,60545

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Payroll Services, Business Payroll Services, Direc

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815.839.7600

Please call 815.839.7600 now to discuss your personal or business accounting/tax needs.



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