— Tax Services
Business Taxes in Chicago
Master Business Taxes in Chicago with Presti & Naegele – Your Trusted Accounting Partner
When dealing with business taxes, careful planning, accuracy, and a forward-looking strategy are essential. Presti & Naegele delivers expert business tax services in Chicago, helping you simplify the process, minimize what you owe, and stay ahead financially. From income tax filings and estimated payments to self-employment, employment, and excise tax obligations, we are your trusted resource for business taxes in Chicago.
Operating in a powerhouse city like Chicago — with its bustling financial district, the Loop, and a thriving startup culture — we understand the unique demands that businesses in the Windy City face.
OUR SERVICE
P&N's Chicago
Experts
Business Taxes
At Presti & Naegele, we empower individuals and businesses in Chicago through expert advisory services. With personalized guidance, we build enduring partnerships and contribute to sustained success.
Comprehensive Chicago Business Tax Services Tailored to Your Needs
At Presti & Naegele, our business taxes services in Chicago cover every major area you need to remain compliant and profitable:
✔ Income Tax Preparation and Filing: Timely and precise filings for corporations, LLCs, partnerships, and sole proprietors operating in Chicago.
✔ Estimated Tax Management: Preparation of accurate quarterly payments to keep penalties at bay.
✔ Self-Employment Tax Support: Assistance for freelancers, independent contractors, and entrepreneurs throughout Chicago.
✔ Employment Tax Services: Managing payroll taxes, filings, and compliance for your employees.
✔ Excise Tax Assistance: Guidance for businesses with federal excise tax obligations.
✔ Ongoing Tax Planning: Year-round strategies to minimize liabilities and maximize profitability.
✔ Entity Structuring Advice: Setting up or restructuring your company to achieve optimal tax results.
We stay up-to-date on all changes in tax laws, ensuring your Chicago business taxes are expertly handled at every step.
How Our Chicago Business Taxes Service Solves Your Biggest Challenges
Managing business taxes without expert assistance can feel overwhelming. Presti & Naegele offers the clear, expert-driven support that Chicago businesses need:
Many entrepreneurs and business owners find it challenging to know which taxes they must pay, how much to reserve, and how to file correctly. With our business tax services, you won’t have to worry about missing deadlines or overpaying. We manage the complexities so you can focus on growing your Chicago business with confidence.
With Presti & Naegele, you’ll have peace of mind knowing your business taxes are optimized, deductions are maximized, and you’re always positioned for future success.
What Taxes Does a Chicago Business Need to File?
Knowing your tax obligations is critical to running a compliant business in Chicago. Here’s a brief overview of what you’ll likely need to file:
✔ Income Tax: Most businesses, other than partnerships, are required to file an annual income tax return.
✔ Estimated Tax: Businesses generally need to make quarterly estimated tax payments.
✔ Self-Employment Tax: Entrepreneurs must pay these taxes to cover their Social Security and Medicare obligations.
✔ Employment Taxes: Employers must properly handle federal payroll taxes for employees, including income tax withholdings.
✔ Excise Tax: Certain industries and businesses must also manage excise tax filings.
Presti & Naegele ensures that your Chicago business taxes are filed accurately, timely, and in full compliance with all regulations.
How Much Should I Set Aside for Taxes for My Chicago Business?
Saving for your business taxes is a vital part of your financial strategy. Experts recommend setting aside between 30% and 40% of your earnings to meet both federal and state tax obligations.
At Presti & Naegele, we work with businesses across Chicago to create tailored savings strategies based on your revenue, structure, and needs. You’ll always have a clear understanding of your tax obligations — and the confidence that you’ll be ready when payments are due.
Who Benefits the Most from Our Business Taxes Services in Chicago?
Our business taxes services at Presti & Naegele are designed for businesses throughout Chicago, including:
✔ Startups and small businesses that need full-service tax support
✔ Established companies seeking strategic ways to minimize their tax burden
✔ Entrepreneurs and freelancers facing self-employment tax challenges
✔ Businesses employing staff and managing complex payroll tax requirements
✔ Companies operating in excise-taxed industries
If you operate a business in Chicago, our team is ready to deliver the expert tax services you need to succeed.
Long-Term Benefits After Using Our Business Taxes Services in Chicago
At Presti & Naegele, we see tax filing as just the beginning of our relationship with our Chicago clients.
Through ongoing tax planning and advisory services, we help businesses across Chicago lower liabilities, boost cash flow, and strengthen their long-term financial health.
Business taxes aren’t just about compliance — they’re about building a more stable and profitable future for your company.
Why Choose Presti & Naegele for Business Taxes in Chicago?
Partnering with Presti & Naegele for your business taxes in Chicago means working with a team that’s experienced, dedicated, and client-focused:
✔ 40+ Years of Experience: Helping businesses navigate complex tax requirements since 1982.
✔ Tailored Solutions: Custom strategies based on your unique business goals and needs.
✔ Industry-Specific Expertise: Knowledge of diverse industries, from hospitality to technology.
✔ Client-First Approach: Always accessible, always working in your best interest.
✔ Proven Results: Trusted by over 10,000 businesses, with a commitment to excellence..
FAQs About Chicago
Business Taxes
1. What business structure is best for minimizing taxes?
Choosing the right structure — whether it's an LLC, S-corp, or C-corp — can significantly impact your business taxes. Presti & Naegele provides expert entity structuring advice to ensure you choose the best option for minimizing tax liability and maximizing benefits.
2. How often do I need to make estimated tax payments for my business?
Businesses typically need to make estimated tax payments quarterly. Presti & Naegele helps you calculate and schedule these payments accurately, preventing surprises at tax time and keeping you compliant with IRS regulations.
3. Can I deduct all my business expenses?
Many business expenses are deductible, but understanding which ones qualify is essential for maximizing your deductions. Our business taxes services include a detailed review of your expenses to ensure you claim everything you're entitled to while remaining IRS-compliant.
4. How do self-employment taxes work if I run a solo business?
If you're self-employed, you must pay both the employer and employee portions of Social Security and Medicare taxes. Presti & Naegele offers comprehensive self-employment tax management to ensure you meet all obligations without overpaying.
5. What happens if I miss a business tax deadline?
Missing a tax deadline can result in penalties and interest. Our proactive approach ensures that you stay ahead of every filing requirement, and if an issue arises, we help you resolve it swiftly to minimize any potential impact on your business.
GET IN TOUCH
Let's talk about how we can help improve your business.
Elevate your business with tailored solutions. Let's discuss strategies for growth, efficiency, and lasting success.
Tax Planning for Businesses - Website Form
Tailored Solutions for Financial Success
Explore Our Comprehensive Services at Presti & Naegele Accounting Offices
P&N INDUSTRIES
Industries We Serve
Our firm consists of an extensive team of highly specialized professionals that are intimately familiar with the industries they work in and the customers they serve.
MORE THAN JUST ACCOUNTING
Great Clients
Awesome Reviews
Discover the transformative experiences shared by our satisfied clients. In their own words, they highlight the impact of Presti & Naegele's expert tax services, client accounting precision, and strategic guidance on their financial success. Read our reviews to gain insights into the personalized and enduring partnerships we've forged.
I have had my business for more than 10 years and struggled through several *truly awful* accountants. I found Presti & Naegele about 5 years ago and have never looked back. They are a life-changing breath of fresh air and they will be my accountants for as long as I live.
Andy and the whole Presti Naegele team have been game changers as accountants for our business. My previous accountant was very hands-off and not accessible. Andy and his team are always available, willing and able to roll up their sleeves no matter what we throw at them. Highly recommend - do NOT hesitate to work with them!
OUR LOCATIONS
