Individual Income Tax Planning & Preparation
Since our firms inception in 1924, it has been our primary goal to reduce our community's tax burden one individual at a time. With the tax laws constantly changing, it is nearly impossible to do your taxes alone. With over 700 individuals served last year, our track record speaks for itself. We strive to make sure every client gets top notch service from drop off to pick up.
Logistically, each tax return completed in our office goes through three stages of preparation and review. We believe that this type of collaboration between highly qualified tax professionals ensures the lowest legal tax burden and top notch quality service. Do not fall prey to the clever advertising of the chain tax preparers who see you as another number on their bottom line. Come to the local experts rooted in the community who work to ensure your family is financially secure.
Business (Corporate) Income Tax Preparation
Farmers and small business owners alike have been at the root (quite literally for farmers) of economic success since the inception of our country. For the above reasons, we have tailored our services to serve those who serve us. We provide sole proprietor, partnership, corporate (both IRS sub chapter C and S), and LLC tax return services.
Whether you are an owner, partner or member you can trust our team to provide your business with timely, superior business tax preparation services.
Estate/Trust Planning & Preparation
Planning for death is often a painstaking but necessary endeavor. Many individuals associate estate planning solely with estate law while neglecting the taxation aspects of death. Don't make the same mistakes as many before you. Let us work with you to ensure a smooth, tax planned transition of your assets to your beneficiaries.
Have you moved your assets into a trust? Are you confused about an Estate's tax obligations? Do you understand either of the two previous questions? No worries. Let us ease your stress. Our office offers the highest quality trust and estate preparation services. We are well versed in preparing trust and final income tax returns (Forms 1041 & 1040) as well as estate tax returns for individuals with assets exceeding four million dollars, as required by the State of Illinois.
Payroll is often a businesses largest and most convoluted expenditure. Between making payroll deposits, submitting payments to the various governmental entities, and preparing payroll tax returns, it leaves little time to put in the actual work to keep your business going. Leave payroll preparation to the experts.
Our office will do all the heavy lifting so you can focus on the day to day operations of your business. We will work with you step by step to ensure all deposits and filings are submitted timely and correctly.
Opening your own business is an exciting yet stressful time. Allow us to walk you through the critical steps to providing a successful financial foundation. We will help you understand the various entities (Corporation, Partnership, LLC, etc.) and work with you to find out which one fits your situation best.
Having problems understanding why your business is losing money or need financial statements? Let us help. Our accountants are proficient in analyzing a variety critical success factors and can help identify a variety of reasons for financial shortcomings. We also provide financial statement preparation. If you are looking to acquire financing for an upcoming project, financial institutions will ask for an Income Statement and Balance Sheet; we can prepare the necessary statements so you can advance your business to the next level.
Audit & Assurance Services
At Roenfeldt & Lockas, we understand how important audited financial statements are to businesses, shareholders/owners, lenders, investors and other stakeholders, and it is something we take great pride in providing. We work with some of the communities most successful and impactful organizations including a variety of not-for-profits, financial institutions, small businesses, grain storage facilities, and governmental entities.
When it comes to physically delivering an audit, quality is our top priority. Our audit professionals’ foremost responsibility is to serve the various stakeholders of the entity through adhering to generally accepted audit standards set forth in the United States.
Are we forgetting something?
Have something you need? We can do it. Give us a call. Shoot us an email. Send a carrier pigeon. If for some reason we cannot help you, we will know someone who can.