Baxi Associates Inc.

Baxi Associates Inc. Services: Accounting, Payroll, Quick Books Training, and Tax services. Type of Business: Start up, S Call 630-220-9380 now and request a free consultation.

Baxi Associates is a highly skilled Woodridge, IL CPA firm offering innovative accounting services and tax planning solutions for small business owners. Our mission is to remove financial obstacles and skillfully manage your tax obligations to improve your business and your bottom line. Regardless of what services you need, our approach is centered on customer service, with the goal of developing a lasting professional relationship.

Your Friday tax fact from Woodridge based Baxi Associates.
08/04/2023

Your Friday tax fact from Woodridge based Baxi Associates.

The recipient of inherited property generally pays no tax when the property is received. However, tax may be owed when t...
08/03/2023

The recipient of inherited property generally pays no tax when the property is received. However, tax may be owed when the property is subsequently sold. Gain from the sale of inherited property is measured according to the value of the property at the date of the decedent's death. In some cases, the computation will result in a loss, particularly when dealing with real property on which large selling expenses are paid. In some circumstances, these losses may even be deductible.

If you are the recent beneficiary of an inheritance, you may be wondering if you will need to pay tax on the cash, stocks or real property that you received.

A little inspiration from Baxi Associates. Wednesday Wisdom
08/02/2023

A little inspiration from Baxi Associates. Wednesday Wisdom

Grandparents rearing grandchildren may qualify for a variety of tax breaks. They include head of household filing status...
08/01/2023

Grandparents rearing grandchildren may qualify for a variety of tax breaks. They include head of household filing status, child tax credit, earned income tax credit, childcare credit, education credits, and medical expense deductions.

More and more individuals who thought their child-rearing days were over are now raising their grandchildren. It is estimated that 6.5 million children in the United States currently live with at least one grandparent, accounting for approximately 9% of all children nationally and more than half of....

07/31/2023

If you realize that you have made a mistake on your tax return or receive a correction notice from the IRS, watch this video for a brief guide on how to proceed.

Tax Policy: The further we get from the pandemic, we believe the percentage of legitimate claims coming in is declining....
07/31/2023

Tax Policy: The further we get from the pandemic, we believe the percentage of legitimate claims coming in is declining. Update via

Scrutiny of a pandemic-era tax credit intensified this week for the employee retention tax credit. Here's what it means for small businesses.

Get ready for the week: Baxi Associates has motivation for your Monday.
07/31/2023

Get ready for the week: Baxi Associates has motivation for your Monday.

Here are the August 2023 business due dates
07/30/2023

Here are the August 2023 business due dates

Here are the August 2023 Business Due Dates

Here are the August 2023 individual due dates
07/29/2023

Here are the August 2023 individual due dates

Here are the August 2023 Individual Due Dates

Here's your of the week from your friends at Baxi Associates.
07/29/2023

Here's your of the week from your friends at Baxi Associates.

Address

Woodridge, IL
60517

Opening Hours

Monday 8am - 5pm
Tuesday 9am - 5pm
Wednesday 8am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+16304873690

Website

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