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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.

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From the Blog

11.15.2024 03:13

The amount you and your employees can save for retirement is going up slightly in 2025

How much can you and your employees contribute to your 401(k)s or other retirement plans next year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for retirement plans, as well as other qualified...

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11.13.2024 03:20

Marketing your B2B company via the right channels

For business-to-business (B2B) companies, effective marketing begins with credible and attention-grabbing messaging. But you’ve also got to choose the right channels. Believe it or not, some “old school” approaches remain viable. And of course, your B2B digital marketing game must...

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11.12.2024 08:20

The Importance of Accurate Record-Keeping for Tax Preparation

The Importance of Accurate Record-Keeping for Tax Preparation

Accurate record-keeping plays a critical role in small business tax planning and preparation. Inaccurate records can lead to missed deductions, inaccurate tax return filings, missed deadlines, IRS penalties, and unnecessary stress during tax time. Additionally, the results of poor record-keeping...

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11.07.2024 08:19

Small Business Year-End Accounting Checklist: Be Ready for 2025

Small Business Year-End Accounting Checklist_ Be Ready for 2025

Year-end financial preparation is essential to wrapping up your bookkeeping and accounting tasks before the end of the calendar year and the close of the fiscal year.  Step 1: Reconcile Your Accounts Sound small business accounting requires the routine reconciliation...

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10.15.2024 09:44

2024 Tax Season Prep: A Small Business Survival Guide

2024 Tax Season Prep A Small Business Survival Guide

When small business owners are busy overseeing day-to-day operations and focusing on the core functions of their businesses, they have little time left to think about taxes. Unfortunately, fiscal years tend to fly by when you're having fun (running a...

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10.14.2024 06:14

Advantages of keeping your business separate from its real estate

Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It might be worth reconsidering this strategy. With long-term tax, liability and estate planning advantages, separating real estate ownership from the...

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10.14.2024 06:14

Working capital management is critical to business success

Success in business is often measured in profitability — and that’s hard to argue with. However, liquidity is critical to reaching the point where a company can consistently turn a profit. Even if you pile up sales to the sky, your...

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10.08.2024 08:25

Illinois Bookkeeping Checklist: Stay Tax Compliant

illinois-business-bookkeeping-checklist

Illinois, the fifth-largest economy in the U.S., offers a strategic location for entering the Midwest market. However, to succeed, businesses must follow a comprehensive Illinois bookkeeping checklist to navigate the state's complex tax regulations and stay compliant. This guide provides...

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