Evenhouse & Co, P.C.

Evenhouse & Co, P.C. Certified Public Accountants - Tax | Accounting | Auditing | Consulting Our services encompass nearly every aspect of financial life.

At Evenhouse & Co., P.C., we strive to partner with you in bringing effective and innovative solutions to your business needs and your personal financial matters. Located in Oakbrook Terrace, IL we are strategically located to serve the entire greater Chicagoland community. We also serve business and individual clients in Wisconsin, Michigan, Indiana, and beyond. Our strategic investment in techno

logy allows us to meet your needs wherever you may be located. We strive to build and maintain long-lasting business relationships, and this website is an extension of our commitment to you. We are experienced in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales. Our firm's reputation for providing quality service reflects the high standards we demand of ourselves. Our high standards, responsive service and specialized staff spell the difference between our firm and the rest. We invite you to contact us for more information about how our firm can address your most pressing issues.

It can be tough for small businesses to borrow money at favorable terms. But the U.S. Small Business Administration (SBA...
05/29/2026

It can be tough for small businesses to borrow money at favorable terms. But the U.S. Small Business Administration (SBA) offers several loan programs to help small businesses grow and create jobs. SBA loans of up to $5.5 million may be available and typically offer competitive interest rates and terms. Applying and qualifying for an SBA loan may also be easier than for conventional loans. The most popular type is the 7(a) loan, which can be used for most business purposes, including asset purchases and debt refinancing. The microloan program offers loans of up to $50,000. Contact us to help determine the right option for your business. https://bit.ly/4vClOEj

Scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to crea...
05/27/2026

Scammers continue to target taxpayers through email, text messages, phone calls and regular mail. They often try to create urgency or fear to trick victims into sharing sensitive information or sending money.

Remember, the IRS will never contact you by email or text about a tax bill or refund. It also won’t demand immediate payment over the phone. Most IRS communications are sent through regular mail — though fraudsters may send fake IRS notices by mail, often including QR codes.

Don’t click on links, open attachments or scan QR codes from unknown senders that might direct you to fraudulent websites designed to steal personal or financial information. Contact us if you have questions. https://bit.ly/4nQd7mW

Our office will be closed on Monday, May 25 in honor of Memorial Day. Our office will open with regular business hours o...
05/22/2026

Our office will be closed on Monday, May 25 in honor of Memorial Day. Our office will open with regular business hours on Tuesday, May 26th.

Wishing everyone a safe long weekend!

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
05/20/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us for help ensuring the best tax outcome.

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size ...
05/18/2026

Certain “small businesses” may qualify for several valuable tax breaks. But different tax provisions use different size tests.

For instance, a gross receipts test is used to determine eligibility for cash accounting, simplified inventory rules, the completed contract method, relief from UNICAP requirements and exemption from the business interest deduction limitation. This threshold is adjusted for inflation. For 2026, your business may be eligible if its average annual gross receipts for the prior three-year period were $32 million or less.

Contact us to help evaluate your eligibility for these and other tax-saving opportunities based on your business’s structure and operations. https://bit.ly/4djEL8p

Is your business paying for insurance coverage you don’t need — or missing protection where risk may be significant? You...
05/15/2026

Is your business paying for insurance coverage you don’t need — or missing protection where risk may be significant? You may have many options to choose from, depending on your organization’s operations and risks. General liability is the most basic policy, and it’s often paired with product liability, professional liability and property coverage. Other products include employment practices liability, business interruption, key person and cyberinsurance policies. Work with an independent broker to learn more about each type. We can also help you evaluate potential coverage gaps and manage business risk cost-effectively. https://bit.ly/4uPpO3C

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living or proximity to fami...
05/13/2026

If you’re thinking about relocating, don’t choose a new state based only on climate, cost of living or proximity to family. Also review the tax implications.

For example, some states don’t have a personal income tax, and some that do have one offer tax breaks for pension payments, retirement plan distributions and Social Security payments. Also be aware that a state with no personal income tax may impose high property, sales or estate taxes.

Before making a move, contact us to review the potential income, property, sales and estate tax implications. We can help you minimize potential negative tax consequences and make the most of any tax advantages offered by the new state.

Some small business owners assume that offering their employees a retirement plan is cost prohibitive. But two plans are...
05/08/2026

Some small business owners assume that offering their employees a retirement plan is cost prohibitive. But two plans are particularly suited to employers with fewer than 100 workers: SEP and SIMPLE IRAs. Only employers can make contributions to SEP IRAs — which provide high contribution limits — but you aren’t required to fund accounts when cash-flow constraints make it difficult. SIMPLE IRAs allow both employers and participants to make higher annual contributions than participants could with self-owned IRAs. Plus, your business’s contributions are tax-deductible. Contact us to review your budget and benefit needs and suggest an appropriate plan. https://bit.ly/42VvZXX

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability ...
05/06/2026

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too little was withheld from their paychecks. Keeping withholding aligned with expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time.

If you received a large refund or owed a lot of tax when you filed your 2025 return, it may be beneficial to fine-tune your withholding for 2026. Adjustments may also be a good idea if you experience a major life event, such as having a child.

We can help you review your withholding (and estimated tax payments, if applicable) and make any needed changes. https://bit.ly/4ndWotj

Joint ventures and other strategic alliances can help your business expand its market reach, achieve operational synergi...
05/01/2026

Joint ventures and other strategic alliances can help your business expand its market reach, achieve operational synergies and improve profitability. A well-structured arrangement may also give your business the chance to “audition” for a future merger. Keys to a successful alliance are thoroughly vetting your partner, putting a strong agreement in place and focusing on financial objectives. Regularly evaluate the relationship and, if it becomes a drain on resources, revise or end it. However, if it’s mutually beneficial, consider a permanent merger. Contact us to help ensure any alliance supports your long-term goals. https://bit.ly/422BqEf

Address

1S660 Midwest Road , Suite 250, Oakbrook Terrace
Elmhurst, IL
60126

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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