As a business owner in Naperville or the surrounding area, you're constantly juggling multiple responsibilities. From managing employees to making strategic decisions, your plate is always full. At Elder Hanson & Company, Ltd., our CPAs understand the challenges...

In 2025, many businesses and individuals are wondering about the fate of the tax cuts implemented by the Tax Cuts and Jobs Act (TCJA) of 2017. Elder Hanson & Company, Ltd.'s Naperville, IL, tax planning professionals are here to help you navigate these impending...

As Naperville income tax preparers and strategic advisors, at Elder Hanson & Company, Ltd. we often field questions about complex tax topics. One area that frequently causes confusion is pass-through entity taxation, particularly in light of recent changes in...

Understanding the difference between taxable and nontaxable income is crucial for individuals and businesses alike. While taxable income is subject to federal and state taxes, nontaxable income is tax-free. This article by Naperville, IL, income tax planning advisors...

As a business owner in Illinois, you've made the smart choice to structure your company as an LLC. But now you're facing a labyrinth of tax forms, deadlines, and regulations that seem designed to confuse even the savviest entrepreneur. Take a deep breath — you're not...

As a small business owner, establishing a payroll system is a crucial step in your company's growth. While it may seem daunting at first, breaking down the process into manageable steps can make it much less overwhelming. Please note that it is important to determine...

At a time when the cost of living seems to be constantly on the rise, minimizing your tax burden is more important than ever. Here at Elder Hanson & Company, Ltd., our strategic advisors in Naperville, IL, provide income tax planning services, helping you navigate...

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...