Stenger Tax Advisory
CPA in Naperville, IL | Naperville Accountant | Tax accountant in Naperville
Tax Preparation in Naperville, IL
Stenger Tax Advisory is a licensed, Certified Public Accountant in Naperville, IL, specializing in tax preparation for individuals and businesses. Stenger Tax Advisory has expertise preparing individual, business, partnership, and trust tax returns in the Naperville, IL area and surrounding suburbs. Stenger Tax Advisory can also assist clients in nearly all 50 states.
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Stenger Family Office can help you prepare and file your individual or family tax return.
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Stenger Tax Advisory has extensive experience helping businesses plan and prepare their tax returns. We also have experience with partnership returns and K-1 distributions.
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Stenger Tax Advisory can help you file your annual trust tax return.
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Stenger Tax Advisory can assist with tax planning and preparation for high net worth and ultra high net worth individuals and families.
Proactive Tax Planning
Stenger Tax Advisory’s experienced team of CPAs in Naperville, IL not only prepares and files your individual or business tax return, but also proactively works with you throughout the year to identify potential tax savings and help you optimize your current tax plan.
Stenger Tax Advisory operates proactively, not reactively, helping you stay ahead of the curve by communicating frequently, hosting numerous educational events, and updating you on tax law changes in real time.
Your family or small business should have a Naperville tax accountant and CPA who coordinates your tax plan with your investment and estate plan. Our team of Certified Public Accountants in Naperville, IL work closely with your personal financial advisor or estate planning attorney to help ensure your entire plan is coordinated and optimized.
CPA tax accountant in Naperville, IL
Individual Tax Preparation
Stenger Tax Advisory can help you and your family create a comprehensive tax plan and file and prepare your tax return. If you are also a Stenger Family Office client, we seamlessly integrate into your financial plan, working closely with your financial advisor to create a tax efficient investment strategy. If you are not a Stenger Family Office client, we can work closely with a financial advisor of your choice.
As a Stenger Tax Advisory client, we can help answer the following questions:
How can I reduce my tax bill?
What kind of deductions do I qualify for?
What is the difference between marginal and effective tax rates?
What is the difference between a tax credit and tax deduction?
Is there an age limit on claiming my child as a dependent?
Is money received from the sale of inherited property considered taxable income?
How are Social Security benefits taxed?
When should I take my Required Minimum Distribution?
These are just some of the questions Stenger Tax Advisory can help answer as you prepare for the upcoming tax season. As your CPA, we will work as one of your most trusted advisors to give you unbiased, clear and concise tax advice.
Business Tax Preparation
Stenger Tax Advisory’s experienced team of CPAs in Naperville, IL not only prepares and files your individual or business tax return, but also proactively works with you throughout the year to identify potential tax savings and help you optimize your current tax plan.
Stenger Tax Advisory operates proactively, not reactively, helping you stay ahead of the curve by communicating frequently, hosting numerous educational events, and updating you on tax law changes in real time.
Your family or small business should have a tax advisor and CPA who coordinates your tax plan with your investment and estate plan. Our team of Certified Public Accountants in Naperville, IL work closely with your personal financial advisor or estate planning attorney to help ensure your entire plan is coordinated and optimized.
FAQs
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Stenger Tax Advisory charges upfront, transparent project based fees so you aren’t surprised by our tax preparation cost. Most basic personal and individual returns cost between $650 and $1,000. Individual returns with more complexity such as rental properties, K-1 distributions, etc. can run cost $1,000 or more depending on complexity.
Business returns are also priced on complexity and typically start at $1,500 for basic returns.
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Complexity of your taxes: If you have a simple tax situation, such as only a few sources of income and standard deductions, you may be able to handle your taxes on your own using tax software or online services. However, if your tax situation is more complex, with multiple sources of income, investments, self-employment income, rental properties, or international transactions, a CPA's expertise can help ensure that your taxes are prepared accurately and take advantage of all available deductions and credits.
Time and effort: Preparing taxes can be time-consuming, especially if you are not familiar with tax laws and regulations. Hiring a CPA can save you time and effort by allowing them to handle the tax preparation process on your behalf. This can be particularly beneficial if you have a busy schedule or prefer to focus on other aspects of your life or business.
Tax planning and advice: A CPA can offer valuable tax planning advice to help you minimize your tax liability and make informed financial decisions throughout the year. They can provide guidance on tax strategies, retirement planning, investment decisions, and more. If you have complex financial situations or anticipate significant changes in your life, such as starting a business, getting married, or buying property, a CPA's expertise can be particularly valuable.
Compliance and audit support: CPAs have a deep understanding of tax laws and regulations, which helps ensure that your tax return is compliant. Additionally, if you ever face an audit or any other tax-related issue, a CPA can represent you before tax authorities, provide support, and help navigate the process.
Cost considerations: Hiring a CPA to do your taxes may come with a higher cost compared to using tax software or online services. However, it's important to weigh the potential benefits and peace of mind gained from professional assistance against the cost. Remember that the cost of a CPA can vary based on factors such as their experience, location, and the complexity of your taxes.
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Preparing taxes can be time-consuming, especially if you are not familiar with tax laws and regulations. Hiring a tax professional can save you time and effort by taking on the tax preparation process for you. This can be particularly advantageous if you have a busy schedule or prefer to allocate your time to other tasks or activities.
Naperville CPA | Tax Preparation in Naperville, IL
Tax preparation and financial planning
Many financial advisors deliver financial plans to their clients without a coordinated tax plan. As a result, we’ve found many families are overpaying taxes or leaving substantial money on the table by not optimizing their investments and estate plan. By combining tax preparation and financial planning, Stenger Family Office clients received cohesive advice on all aspects of their financial lives, not just investments. Our Naperville CPA team can help you and your family identify potential tax savings in your financial plan by scheduling an initial consultation with our Head of Tax, Chris Jordan, CPA.
Naperville Accountant
Finding a Naperville accountant can be challenging in today’s environment. Many CPAs are unresponsive and charge unreasonably high fees. Stenger Tax Advisory provides you and your family or business with dedicated support and high quality tax advice that can help you save in the long run. As a Naperville accountant, Chris Jordan, CPA, will help you create a comprehensive tax strategy that identifies potential savings and areas for adjustment compared with your latest tax return.
Tax Accountant near Naperville, IL
Stenger Tax Advisory is a full service accounting practice specializing in business and individual tax services, small business consulting, Quickbooks support and preparation in Naperville, IL. We offer business tax preparation, individual tax preparation, high net worth tax preparation, and partnership tax preparation services in Naperville, IL and surrounding suburbs.
Tax preparation Naperville, IL
Stenger Tax Advisory is a top rated Naperville tax preparation firm as rated by the Naperville, IL community. We offer tax preparation in Naperville, IL through our experienced team of in-house Certified Public Accountants (CPA), who can prepare and file your personal or business tax return.
Family Tax Preparation
Stenger Tax Advisory can prepare and file taxes for your family. We offer family based pricing for your children and grandchildren as well. Stenger Tax Advisory offers high-touch service alongside our tax preparation services.
Individuals
Stenger Tax Advisory and our team of Naperville CPAs can file and prepare your individual tax return, including K-1 distributions, rental properties, consulting income, and business pass through income.
High Net Worth Tax Preparation
Our team of Naperville accountants offer comprehensive tax strategy and preparation services coordinated with your personal financial advisor or through our partner company, Stenger Family Office.
Form 1040
Form 1040 is the most common type of individual tax return form. Most small businesses pass through their income to owners, therefore owners almost always file a form 1040.
Schedule K-1
Schedule K-1 is the form that reports the amounts that are passed through to each party that has an interest in an entity, such as a business partnership or S-corporation.
Rental Properties
Rental property income is subject to tax and should be reported as rental income on Schedule E. You are typically able to deduct ordinary and necessary expenses incurred over the course of owning the properties.
Contact Stenger Tax Advisory
Phone: (630) 912-8504
Email: Chris.Jordan@stengerfamilyoffice.com
Naperville Financial Center
400 E. Diehl Road
Suite 550
Naperville, IL 60563
Tax expertise meets unmatched support & service.
Stenger Tax Advisory provides you with the highest quality tax preparation and planning advice alongside best-in-class service and support from our team of sales and relationship managers. As a Stenger Tax client, you have unlimited access to our team of Certified Public Accountants in Naperville, IL and a dedicated Stenger Tax relationship manager so that all your questions and requests are met on a timely basis.
Chris Jordan, CPA, MST
Chief Financial Officer
Managing Partner, Tax
Chris Jordan is a licensed Certified Public Accountant (CPA) and Chief Financial Officer at Stenger Family Office. He is also Managing Director of Tax for Stenger Tax Advisory, a Naperville CPA firm specializing in tax preparation for individuals, families, and businesses. Prior to Stenger Family Office, Chris was a Tax Manager at Porte Brown, a leading midsize accounting firm in the Chicago area. Chris earned his B.A. in Accounting from Augustana College and his Masters of Taxation (MST) from the University of Cincinnati. Chris lives with his wife and daughter in the Chicagoland area.