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Fates, Bodily, & Parker, PLLC

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Itasca, IL
Fates, Bodily, & Parker, PLLC

Advice Driven Accounting and Financial Services

11/27/2025

Happy Thanksgiving from all of us at Fates, Bodily & Parker! 🦃 🍂 We’re thankful for our clients, colleagues, and community.

11/26/2025

Our team enjoyed a festive Thanksgiving lunch at Pendulum Partners, catered by Frato's Kitchen in Schaumburg. 🦃 From mashed potatoes to brownies, it was the perfect way to celebrate together.

11/11/2025

Today, and every day, we honor the men and women who have served our country. 🇺🇸 Thank you.

11/07/2025

Tax planning is most effective when it’s proactive.

Recent updates to the U.S. tax code increased the Section 179 deduction limit to $2.5 million for 2025, with the phase-out beginning once total qualifying purchases exceed $4 million. Businesses can expense a larger portion of eligible assets—such as equipment, software, and technology—placed in service this year.

Additionally, Section 168(k) reinstated 100% bonus depreciation for qualifying property acquired and placed in service after January 19, 2025, while assets purchased before that date remain subject to the reduced 40% rate.

These provisions allow businesses to deduct more upfront, improving cash flow and reducing taxable income. To benefit, purchases must be placed in service by December 31, 2025 and meet IRS business-use requirements.

FBP helps Illinois businesses evaluate these rules and plan strategically for year-end deductions, equipment financing, and timing considerations.

📊 Reach out to our team to review your 2025 tax strategy before year-end.

11/05/2025

Q4 is the ideal time to check in on your year-to-date performance and refine forecasts for the months ahead.

When you measure the right things—margins, expenses, revenue trends—you can make informed decisions that protect profit and prepare for growth.

FBP helps businesses across Illinois & beyond use data to plan, forecast, and close the year with confidence.

🔗 Take our Accounting & Finance Readiness Assessment: https://3hmcftvc9m2.typeform.com/to/b0AOeKu3?typeform-source=fbpcpa.com

11/03/2025

Did you know? 💡 From October 1 – November 17, 2025, Illinois taxpayers can pay eligible state tax liabilities from periods after June 30, 2018 and before July 1, 2024 to have penalties and interest waived.

This one-time program gives individuals and businesses a chance to bring accounts current — provided payment and filings are made during the window.

Have questions about this or other Illinois tax programs? Reach out to our team , we’re always glad to help you stay informed and compliant.

10/31/2025

No spooky surprises - just clean, organized books! 🎃 Wishing our clients and partners a Happy Halloween.

10/29/2025

The last quarter sets the tone for how smoothly tax season begins. As you close Q3 and head into Q4, take time to:

✔️ Reconcile and clean up accounts
✔️ Revisit Section 179 and bonus depreciation opportunities
✔️ Align payroll, owner compensation, and retirement planning

Strong recordkeeping now means fewer adjustments later — and a clearer financial picture heading into 2026.

FBP can help you identify missed deductions and fine-tune your year-end strategy.

🔗 Take our Accounting & Finance Readiness Assessment: https://3hmcftvc9m2.typeform.com/to/b0AOeKu3?typeform-source=fbpcpa.com

10/27/2025

Throwback to last year’s Halloween at FBP — our final celebration before moving to our new location at 500 Park Blvd. 🎃

We’re looking forward to creating new memories in our new space this year! 🍂

10/24/2025

Tax Reminder 🔔 October 15 extension deadline

Did you file an extension? If you submitted Form 4868 by April 15, your extended federal due date is October 15, 2025.

But note: you still needed to pay any taxes owed by April 15 or incur interest/penalties.

Plan ahead for next year. Don’t wait until spring — start your 2025 tax strategy now to avoid extension stress and keep more of what you earn.

10/10/2025

October is in full swing! 🍂 Looking for a few ways to get into the Halloween spirit in ?

Here are a few ideas:

▫️ Trick or Treat Trail — October 18
📍 Springbrook Nature Center, 130 Forest Ave, Itasca

Families can stroll through the wooded trails of Springbrook Nature Center and stop along the way for candy, treats, and festive fun. It’s a great outdoor event for kids and parents to enjoy together.

▫️ Candlelight Concerts — October 24
📍 Bohemian National Cemetery & the Stan Mansion

Enjoy an evening of hauntingly beautiful classical music performed by candlelight in two of Chicago’s most atmospheric venues.

▫️ Haunted Halloween Ball — October 31
📍 Congress Plaza Hotel

One of Chicago’s largest Halloween celebrations returns with elaborate décor, live DJs, theatrical performers, and a costume contest inside the historic Congress Plaza Hotel.

10/08/2025

On September 19, our FBP team joined fellow CPAs across the state for the Illinois CPA Day of Service, volunteering at Feed My Starving Children in Schaumburg.

It’s always rewarding to step outside the office and contribute to a mission that makes a tangible difference, one meal at a time.

Address

115 W. Orchard Street
Itasca, IL
60143

Opening Hours

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

Website

http://www.fbpcpa.com/

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