Petty's Accounting & Tax Service

Our Story

Petty's Accounting & Tax Service has been a trusted name in Chicago, Illinois since 2007. Over the years, we've built a strong reputation for delivering accurate, efficient, and cutting-edge accounting services at fair and competitive prices. Our commitment to excellence is reflected in our consistent pursuit of professional development. Every year, our team participates in continuing education courses presented by leading national accounting and tax associations. This ensures we stay ahead of evolving tax laws and accounting methodologies, enabling us to provide you with the most current and beneficial financial advice.

Our Expertise

Our firm specializes in serving individuals and businesses with fewer than 30 employees. Our chief accountant, Duane Petty, is an Enrolled Agent, a federally authorized tax professional recognized by the US Department of the Treasury. This unique designation empowers Duane to represent taxpayers before all administrative levels of the IRS, providing comprehensive support during audits, collections, and appeals. He also acts as a valuable advocate when addressing issues with both the IRS and state taxing authorities, ensuring our clients' interests are protected. With over three decades of experience in tax preparation services, Duane leads our team of dedicated professionals who are committed to providing exceptional service to every client.

Comprehensive Accounting Services

We offer a full suite of accounting services designed to simplify your financial management and help you achieve your financial goals. Our services include:

• Financial Statements: Preparing accurate and timely financial statements, such as balance sheets, income statements, and cash flow statements, is essential for understanding your business's financial health.

We provide monthly, quarterly, and year-end financial statements using industry-leading accounting software like QuickBooks, enabling insightful comparisons and calculations to facilitate informed business decisions.

• Bookkeeping: Keeping accurate and up-to-date financial records is crucial for every business. Our experienced bookkeepers meticulously manage your general ledger, post monthly business transactions, and ensure regulatory compliance by adhering to Generally Accepted Accounting Principles (GAAP).

• Payroll Services: We understand the complexities of managing payroll effectively. Our comprehensive payroll services encompass all aspects, from calculating wages and withholding taxes to generating paychecks and filing payroll tax returns. This frees you to focus on growing your business without the burden of payroll administration.

• Individual Tax Returns: Navigating the complexities of personal income taxes can be daunting. Our team of tax professionals prepares accurate and optimized individual tax returns, maximizing your deductions and credits to ensure you keep more of your hard-earned money.

• Business Tax Returns: We ensure your business tax returns are filed accurately and on time, complying with all federal, state, and local regulations. We work closely with you to minimize your tax liability and help you make informed decisions about your business's financial future.

Your Partner in Financial Success

At Petty's Accounting & Tax Service, we are more than just accountants. We are your trusted financial partners, dedicated to your success. We take the time to understand your individual needs and goals, providing personalized solutions and expert guidance every step of the way. Our team's commitment to exceptional service, combined with our deep understanding of tax laws and accounting principles, makes us the ideal choice for all your financial needs.