Business Details
Your Trusted Partner for Accounting & Tax Services in Glen Ellyn
Waters Jeffrey J CPA CPAs is a professional accounting, bookkeeping, and tax consulting firm dedicated to providing personalized, confidential, and affordable services to individuals and small businesses. Our practice focuses on individual and small business taxes, with expertise in tax planning, financial consulting, and accounting services. With over 20 years of experience, Jeff Waters leads a team that includes Phyllis, who brings 30 years of bookkeeping and payroll preparation expertise, and Rick, who offers 40 years of tax planning and preparation experience. We prioritize communication and tailored solutions, ensuring clients receive strategic plans that align with their unique financial goals.Our commitment to transparency and simplicity is reflected in our fair pricing and clear invoicing, which eliminate hidden fees and complex jargon. By staying current with evolving tax laws, we maximize savings and profitability for clients while maintaining vigilance in bookkeeping to ensure financial clarity. Our success is measured by the success of our clients, and we work diligently to guide them toward long-term financial stability and growth.
Services
Individual Tax Preparation
Business Start-Up Planning
Non-Profit Entities
Business Tax Preparation
Financial Statement Preparation
Business Entity Selection
QuickBooks Training
Payroll Services
Tax Research
Highlights and features
- We offer over 20 years of CPA experience in accounting and tax services.
- Our team provides personalized service tailored to individual client needs.
- We guarantee fair and simple pricing with no hidden fees.
- We specialize in comprehensive tax planning and financial statement preparation.
- Our staff includes experts with 30-40 years of specialized industry experience.
Services
Individual Tax Preparation
We prepare individual tax returns with strategic planning to optimize deductions and minimize liability. Our services include Roth IRA conversion analysis and personalized guidance on health care expenses, mortgage interest, and charitable donations. By focusing on transparency and simplicity, we ensure clients understand their tax obligations while maximizing savings.
Business Tax Planning
Our business tax planning optimizes deductions for assets, liabilities, and operational expenses. We analyze depreciation, payroll taxes, and state/federal regulations to create customized plans that increase profitability. With projections and budget preparation, we help businesses reduce tax liability while aligning with long-term financial goals.
Financial Statement Preparation
We prepare balance sheets, income statements, and cash flow statements for management and banking needs. Our accurate reporting ensures compliance with regulatory standards while providing clarity on revenue, expenses, and net income. This service supports informed decision-making for business owners and financial institutions.
Business Entity Selection
We evaluate business structures like LLCs, S corporations, and partnerships to minimize liabilities and secure assets. Our analysis includes ownership considerations and tax implications, ensuring clients choose the optimal entity for their operational and financial objectives.
Payroll Services
We handle paycheck preparation, direct deposit, and payroll tax payments for businesses of all sizes. Our comprehensive service includes quarterly tax filings and compliance with federal and state regulations, reducing administrative burdens while ensuring accuracy.
People
Waters Jeffrey J CPA
Certified Public Accountant
Jeff Waters has over 20 years of experience in accounting and tax services. He specializes in guiding small businesses and individuals toward financial success through personalized strategies and compliance expertise.
Phyllis
Bookkeeping Specialist
Phyllis brings 30 years of expertise in bookkeeping and payroll preparation. Her meticulous attention to detail ensures clients maintain accurate financial records and streamlined payroll processes.
Rick
Tax Planning Expert
Rick offers 40 years of experience in tax planning and preparation. He specializes in optimizing deductions and navigating complex tax laws to maximize client savings.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, QuickBooks setup/training, payroll services, and financial statement preparation tailored to small businesses.
How do you help clients with tax planning?
We analyze deductions, optimize tax strategies, and create customized plans to minimize liability for individuals and businesses.
Can you assist with starting a new business entity?
Yes, we guide entity selection (LLC, S corp, etc.) and handle incorporation, federal ID, and state registration.
Do you work with non-profit organizations?
We assist non-profits with tax-exempt status applications and IRS compliance requirements.
What sets your firm apart from other accountants?
Our personalized service, decades of experience, and commitment to transparent pricing differentiate us from competitors.
How can I schedule a consultation?
Contact us via phone or email to schedule a free consultation for personalized accounting and tax advice.
