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Accounting Firm in Mundelein IL & Grafton WI | Accounting Freedom, Ltd. 847.949.8373 Illinois 262.375.2440 Wisconsin Illinois - 847.949.8373 Wisconsin - 262.375.2440 Schedule A Free Consultation Schedule A Free Consultation Login Navigation Home Services We Offer Accounting & Bookkeeping Payroll Services for Small Businesses Tax Preparation & Planning Support for QuickBooks Users Retirement Plans & Wealth Management Background Check Accounting in Grafton WI Accounting in Mundelein IL By Industry Construction & Contractors Dental Practices Family-Owned Businesses Manufacturing & Distribution Medical Professionals Restaurants & Hospitality Industry About About Us Career Opportunities Blog COVID-19: SBA Loans for Small Businesses COVID-19: Tax Relief for Small Businesses Help Client Support Tools and Resources Contact Us SMALL BUSINESS ACCOUNTANTS Focus on growing your business. Let us simplify your accounting! Schedule A Free Consultation Tax Preparation & Planning IT’S NOT ABOUT WHAT YOU EARN, IT’S ABOUT WHAT YOU KEEP! Let us help you pay less in taxes! Schedule A Free Consultation CONVENIENCE More Time + Less Hassle = More Profits All of your business services under one roof. Schedule A Free Consultation Are You a Small Business Owner and Feeling Overwhelmed? Accounting Freedom, Ltd. is a Full-Service Tax and Accounting Firm Dedicated to Meeting the Needs of Small Business Owners. Our Small Business Packages are innovative solutions designed to support your business' day-to-day operations by relieving you of the cumbersome accounting tasks — balancing checkbooks, bookkeeping, paying bills, payroll, financial statement preparation, as well as your retirement planning needs. Learn more Services We Offer Accounting & Bookkeeping Services Payroll Services for Small Businesses Tax Preparation & Planning Retirement Plans & Wealth Management Background Checks Resource center Newsletter Click Here to subscribe to our newsletter Calculators Click Here for financial calculators From the Blog 06.19.2020 02:13 Good records are the key to tax deductions and trouble-free IRS audits If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully record your expenses in order to claim the full amount... Read more 06.17.2020 02:20 PPP Flexibility Act eases rules for borrowers coping with COVID-19 As you may recall, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) back in April to help companies reeling from the economic impact of the COVID-19 pandemic. Created under a provision of the Coronavirus Aid, Relief and... Read more 06.15.2020 06:14 Rioting Damage at Your Business? You May Be Able To Claim Casualty Loss Deductions The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other businesses with inventory, some of these businesses lost products after looters ransacked their property. Windows... Read more 06.10.2020 02:20 Does Your Company Have An Emergency Succession Plan? For business owners, company succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming a successor, years in advance. And you shouldn’t officially hand over the reins until many... Read more 06.05.2020 12:13 COVID-19 Tax Deduction for Business Meals: Proposed Changes Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One COVID-19 tax deduction that President Trump has proposed to help them is an increase in the amount that can be deducted for business meals and... Read more 06.03.2020 02:20 Businesses Revise Sales Compensation Models During Pandemic Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked a certain way. Just a few weeks later, those projections had changed significantly — and not for... Read more 05.29.2020 02:13 IRS Releases 2021 Amounts for Health Savings Accounts The IRS recently released the 2021 inflation-adjusted Health Savings Accounts contribution limits. HSA Basics A Health Savings Account (HSA) is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An... Read more 05.27.2020 02:20 Attuning Your Social Media Strategy To The Pandemic Social media for business: Your time has come. That’s not to say it wasn’t important before but, during the novel coronavirus (COVID-19) pandemic, connecting with customers and prospects via a popular platform is essential to maintaining visibility, building goodwill and... Read more Accounting Freedom Home Services We Offer Accounting & Bookkeeping Payroll Services for Small Businesses Tax Preparation & Planning Support for QuickBooks Users Retirement Plans & Wealth Management Background Check Accounting in Grafton WI Accounting in Mundelein IL By Industry Construction & Contractors Dental Practices Family-Owned Businesses Manufacturing & Distribution Medical Professionals Restaurants & Hospitality Industry About About Us Career Opportunities Blog COVID-19: SBA Loans for Small Businesses COVID-19: Tax Relief for Small Businesses Help Client Support Tools and Resources Contact Us Illinois Office Phone: 847.949.8373 Fax: 847.949.8374 Address: 469 N. Lake Street Mundelein, Illinois 60060 Wisconsin Office Phone: 262.375.2440 Fax: 262.375.2446 Address: 1567 Wisconsin Avenue Grafton, Wisconsin 53024 Contact Us © Copyright 2017 - Accounting Freedom...