Here at 5 Star Taxes & Accounting, we provide comprehensive accounting services for local Chicago businesses. Advanced financial records require not only enormous commitment, but most of all knowledge of all the requirements, standards, and legal regulations.

Bookkeeping is a discipline that interprets and analyzes the record of financial transactions to generate reports, which means that it’s a time-consuming, labor-intensive task that requires accounting expertise and extensive financial knowledge. Documentation should be reliable, error-free, verifiable, and current. All businesses are obliged to keep records of all financial transactions, which in practice means that the recorded data must be consistent with reality and include all expenses and costs (both invoices and receipts, as well as fixed assets, intangible assets, and settlements with contractors and employees). Accounting documents must be recorded systematically and in accordance with the classification criteria for creating reports, tax returns, and financial settlements. 

For some companies, using a professional accounting service is a daily reality, for others a big decision to change the current operating model. Regardless of whether you have already used external accounting or are planning such a change, we believe that success depends mainly on the choice of a partner that can ensure all transactions are in accordance with policies, procedures, and accounting standards and can tailor the services to your specific requirements.

Accounting services for companies today are not only a way to meet statutory requirements, but also a tool that helps to effectively manage a company – control costs, optimize taxes, and fully use the industry’s potential. By offering optimal solutions in the areas of accounting and taxes, we help our clients to grow, accompanying them at every step of the company’s development.

Feel free to contact our experts. We will be happy to prepare a detailed offer and a special price quote for your tailored accounting services.