Business Details
18 Years
experience
Your Trusted Partner for Accounting and Tax Services in McHenry
At Piwonka, CPA, we specialize in delivering precise and reliable tax and accounting solutions tailored to small businesses and individuals. Our team actively participates in ongoing accounting and tax education to ensure our clients receive the most current strategies in an ever-evolving financial landscape. With decades of combined experience, we prioritize accuracy through a rigorous two-step review process for all tax returns, ensuring compliance and minimizing liabilities. Our services extend beyond traditional accounting, including specialized support for business startups, payroll management, and multi-state tax filings. We are committed to fostering long-term relationships by providing personalized guidance that aligns with each client's unique financial goals.Our dedication to excellence is reflected in our active involvement with professional organizations like the AICPA and ICPAS, as well as our community service initiatives. By maintaining transparency and leveraging advanced accounting software, we streamline financial processes to reduce stress for our clients year-round. Our team's expertise spans real estate partnerships, nonprofit tax compliance, and complex individual returns, making us a trusted partner for diverse financial needs. We emphasize proactive communication to address tax implications early, whether for inheritances, business expansions, or online sales. This client-centric approach has solidified our reputation as a dependable and knowledgeable accounting firm in McHenry since 2008.
Services
Tax Preparation
Bookkeeping
Payroll Services
Tax Planning
Financial Statements
Business Registration
Tax Consultations
Sales Tax Returns
Estate Tax Services
Accounting Software Training
Details
- Year established: 2008
Highlights and features
- We offer 15+ years of combined experience in tax and accounting services.
- Our two-step tax return review ensures 100% accuracy for all filings.
- We specialize in real estate partnerships and nonprofit tax compliance.
- Our team maintains active certifications with AICPA and ICPAS memberships.
- We provide proactive tax planning for inheritances, business expansions, and online sales.
Associations and certifications
- AICPA
- ICPAS
Services
Tax Preparation
We prepare federal and state tax returns for businesses and individuals, including corporate forms 1120/1120S, partnership forms 1065, and individual forms 1040. Our process includes reviewing income, deductions, and credits to ensure compliance while minimizing liabilities. Clients receive thorough explanations of their returns and potential tax-saving opportunities.
Bookkeeping
Our bookkeeping services include recording sales, managing accounts payable/receivable, and generating financial statements. We use QuickBooks and Peachtree software to maintain accurate ledgers for small businesses. Monthly reconciliations and year-end closing support ensure organized financial records for tax preparation and business decision-making.
Payroll Services
We handle payroll tax deposits, W-2/W-3 processing, and 1099-MISC filings for businesses. Our services ensure compliance with federal and state wage reporting requirements. Clients receive timely processing of employee payments and tax forms, reducing administrative burdens and audit risks.
Tax Consultations
Our CPAs provide year-round tax advice for business decisions, inheritances, and legal settlements. We analyze potential tax impacts of real estate transactions, business expansions, and online sales platforms. Proactive consultations help clients avoid penalties and optimize financial strategies.
Business Start-Up Assistance
We guide entrepreneurs through entity selection, federal/state registrations, and tax ID applications. Our services include business plan development and accounting software setup for new ventures. Clients receive tailored advice on tax implications and compliance requirements for LLCs, sole proprietorships, and partnerships.
People
Krista M. Piwonka
Founder & CEO
Krista founded Piwonka, CPA, Inc. in 2008 after working with firms like Altschuler, Melvoin & Glassier, LLP. A Siena College graduate, she holds CPA certifications and has received the President's Volunteer Service Award for her nonprofit work.
Laura Cicero
CPA, MST
Laura joined Piwonka in 2016 with 15 years of experience preparing tax returns for real estate partnerships and individuals. She earned her Master of Science in Taxation from Northern Illinois University and holds CPA licenses in Illinois and Wisconsin.
Sara Zelek
Associate
Sara has worked at Piwonka since 2011, handling bookkeeping and tax return assistance. Her background includes municipal billing, software implementation, and manufacturing operations, providing diverse expertise for client support.
Questions
What accounting software do you support?
We work with QuickBooks, Peachtree, and other major accounting platforms for setup, training, and ongoing support.
Do you handle multi-state tax filings?
Yes, we prepare and file tax returns for businesses operating across state lines, including income and sales tax compliance.
Can you help with IRS payment plans?
We assist clients in establishing payment arrangements for delinquent taxes and resolving collection issues.
What documents are needed for tax preparation?
Clients should provide income statements, expense receipts, mileage logs, and prior-year returns for efficient processing.
Do you offer year-round tax consultations?
Yes, we provide ongoing tax advice for business decisions, inheritance planning, and compliance changes.
