What Is a 1041 Form? Understanding the U.S. Income Tax Return for Estates & Trusts The passing of a loved one brings a multitude of emotions and practical considerations. Managing the financial affairs of an estate or trust isn’t easy, especially when it comes to...

How to Prepare an Individual Income Tax Return: A Step-by-Step Guide "How do I prepare my own tax return?" is a common question among payers. This guide will walk you through the steps of preparing your individual income tax return, whether you choose to do it...

How to Automate Payroll: Payroll Automation Process At Elder Hanson & Company, Ltd., our team of Certified Public Accountants helps small businesses in the Naperville area, IL, streamline their operations. One of the most impactful ways to do that is by payroll...

CPA vs. Accountant: Main Differences In the world of finance, navigating the intricacies of accounting and taxation can feel daunting. When seeking professional accounting services, you see terms like "accountant" and "Certified Public Accountant (CPA)," and are...

Explore Health Savings Accounts (HSAs)How Can I Reduce My Taxable Income? 15 Tips to Lower Your Taxes The season to pay taxes can be a stressful time, filled with paperwork and the looming possibility of a hefty bill. Below, you can see Illinois income tax rates for...

How Much Does Income Tax Preparation Cost in Naperville? Tax season is a stressful time for many Americans, and with good reason. Navigating the complexities of income tax law, gathering documents, and ensuring an accurate return can feel overwhelming. This is where...