Caldwell, Coren & Sceggel

01/29/2025

Starting a new business? Then you need to set up your accounting. To find out more, call our office at (630) 960-2135 to schedule your first appointment with us. We can help you lay down a proper foundation.

01/28/2025

It's critical to maintain digital copies of your business’ financial documents and to back up the data. Consider it your records’ insurance policy. Because cloud-based bookkeeping software frequently has automated backup options, using it can simplify this process. Have questions? Call us at (630) 960-2135 today!

01/15/2025

Even with steady sales, your business may suffer from cash flow issues. How can this happen? You might not be effectively managing accounts receivable. In other words, you may be falling behind on collecting payments from customers. That, in turn, can affect your ability to pay vendors, make loan payments, or even pay yourself and your employees. Let us help take that stress away from you! We’ll focus on managing your accounts so you can focus on growing your business! Contact us at (630) 960-2135.

01/14/2025

Proper bookkeeping is a tax necessity for small business owners. Without it, you might miss out on valuable deductions. The IRS encourages small business owners to maintain proper documentation for expenses, such as receipts showing the amount spent, the date, the payment method, and what was purchased. We're here to help! Schedule an appointment with us at (630) 960-2135.

01/13/2025

No one likes seeing a lot of their money go straight to taxes. But your savings can grow tax-deferred, or even tax-free, with tax-advantaged accounts. Contributions to traditional IRAs and 401(k)s can be tax-deductible or pre-tax, with no taxes due until money is withdrawn. Contributions to Roth IRAs and 529 plans are after-tax, but qualified distributions are tax-free. Need help figuring out which ones may be best for you? Schedule an appointment with us at (630) 960-2135. We can give you personalized tax guidance.

01/11/2025

Making tax mistakes can be costly for your business, not to mention stressful! Avoid these common tax mistakes by staying organized and tax-savvy through our professional guidance and tax advice. https://bit.ly/48t6Fe5 📞(630) 960-2135

Running a business involves many responsibilities, and managing taxes is one of the most critical. Unfortunately, many business owners make common tax mistakes that can lead to costly penalties and stress. By understanding these mistakes and learning how to avoid them, you can ensure your business s...

01/08/2025

Take control of your finances today with an expert in accounting services! Whether you’re a small business owner or an individual looking for accounting support, we’re here to simplify your financial journey and help you turn your vision into value! Contact us now at (630) 960-2135 for a free consultation and start building a stronger financial future.

01/07/2025

Effective accounting and bookkeeping are critical to a business’ success. While related, they have separate functions. Bookkeeping is the recording of daily financial transactions, including payments made and payments received. Bookkeepers also systematically store financial documentation, such as receipts, purchase orders and invoices. In contrast, accounting uses the data bookkeeping maintains to produce financial statements. Analyzing the statements, accountants like us can provide insights that help owners like you evaluate performance and make smart business decisions. For more information, contact us at (630) 960-2135.

01/06/2025

Just like going to the doctor for a health check-up, your business needs regular financial check-ups to stay in tip-top shape! Contact us at (630) 960-2135 to ensure your business is on the track for success.

01/04/2025

In business, debt is a necessary part of the process. It can actually help you to grow and provide capital to seize new opportunities. However, it’s important to remember that not all debt is good. https://bit.ly/4edvKL2 📞(630) 960-2135

In the world of business, debt is often a necessary tool. It can fuel growth, enable expansion, and provide the capital needed to seize new opportunities. However, not all debt is created equal. As a business owner or manager, it's crucial to understand the difference between good and bad debt, and....

01/01/2025

Searching for a skilled and professional accountant? Look no further! Contact us at (630) 960-2135 to schedule your consultation. We look forward to working together!

12/31/2024

As the end of the year approaches, it’s important to have all your accounting ducks in a row and maximize your deductions to make tax-smart investment decisions. This helpful guide can keep you on track to ensure you have all your finances in order. Contact us at (630) 960-2135 for all your tax-related needs - we are here to help you! https://bit.ly/48PeavR