Although the employee retention tax credit or (ERTC), one of Congress’s responses to the effects on businesses of the COVID-19 pandemic, was legitimately claimed by by millions of businesses, fraudulent…
Privately-Held Businesses
W&D specializes in privately-held, owner-run and family businesses of all sizes. For you, audit and tax issues are closely interrelated. W&D's professionals are uniquely well versed in both.Owner-Run, Family & Privately-Held Businesses
From taxes to wealth management to succession planning, owners of privately-held businesses often find substantial overlap between their professional lives and their personal financial situation. W&D helps you navigate both. We look out for your business and your heirs, and help you protect both your life’s work and family.
Privately-held, owner-run and family businesses have needs and perspectives that set them apart from other companies. The business often represents a significant percentage of the owners’ assets, requiring a mix of personal and business planning. Family-owned businesses can have complex succession and corporate governance issues and need support for optimal planning and decision making.
Warady & Davis started as a small business and today, as a partnership, remains owner-run. We’re also directly familiar with the fine line between your business and your personal finances.
W&D’s Chicago CPA's services for privately-held, owner-run and family businesses:
- Accounting and financial statement preparation
- Audit, review and compilation
- Payroll processing and related filings
- Tax return preparation & planning
- IRS representation
- Multi-State & Local Taxes
- Individual income tax planning and compliance
- Estate and gift planning and compliance
- International tax planning and compliance
- Employee benefit plan audit and tax
- Income allocation and compensation plans
- Cash flow management
- Financial reporting & forecasting
- Internal procedures and controls
- Industry and financial benchmarking
- Succession planning and exit strategies
Business consulting services for organizations of all sizes
- Start-up services
- Litigation support and expert witness testimony
- Business valuations
- Forensic accounting and fraud investigations
- Mergers & acquisitions
- Outsourced accounting
- Accounting position placements for all levels from staff to senior management/CFO
The Idea Exchange Blog
New Tax Legislation: Should you file now or wait?
You likely have heard in the news or read about the new tax legislation working its way through Congress. The Tax Relief for American Families and Workers Act of 2024…
How to Comply with the New Corporate Transparency Act
Updated 2/24/2024 How to Comply with the Corporate Transparency Act Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (CTA).…