Business Accounting

Tax and Accounting Services for Businesses in Yorkville, Oswego, Plano, Sandwich and Sugar Grove (IL)

The small business owner or manager looks to grow in a specified market. Reaching that goal depends greatly on how well financial resources are managed. Your aim is to satisfy your tax obligations while keeping all that’s afforded to you within the tax code.

Because business accounting has many moving parts, it can be easy to overlook details that result in lost revenue or an IRS audit. Bailey Accounting & Co. works with you to achieve the financial management that’s essential to growth.

Business Entity Selection

How you classify your business with the IRS will determine your taxation. We assist you in selecting the correct entity for your business type and objectives. We also work with our legal partners in filing the proper tax and legal paperwork to support your business structure at both the state and federal levels.

Business Income Tax Preparation & Planning

Small businesses that work with a tax specialist often reduce their liability. Leveraging our extensive knowledge of tax code and documentation, you can potentially lower your tax exposure. Our tax service can also assist you in areas such as end-of-year purchase decisions and extending your tax due date if needed.


With a business accounting service, success is in the details. We support you with meticulous monthly bookkeeping that accurately sorts your records and keeps you current with weekly finances.

Business Consulting

Bailey Accounting & Co. strengthens your strategic position as a business with a clear understanding of its financial systems and procedures and how they compare in your industry.

Financial Statements

We prepare and audit precise financial statements for small businesses. With our insight, you ensure accurate reporting that complies with Generally Accepted Accounting Principles (GAAP) or Other Comprehensive Basis of Accounting (OCBOA).

State & Federal Tax Representation

If your business is ever in a position of conflict or discrepancy with the state or the IRS, Bailey Accounting & Co. has the experience and the resources to act on your behalf. As an Enrolled Agent, we can reduce the burden of correspondence and apply the proper strategy for attaining the best outcome.

More on Enrolled Agents

Accounting Software Selection & Implementation

The software you use for tax accounting at work is vital to your financial strategy. We help you choose and implement the right program for your business type and system. We are also a QuickBooks® ProAdvisor.

Management Advisory Services

Smart financial administration includes exact tracking and oversight of components such as inventory management, internal controls and accounts-receivable collections. We can help you set up the right departmental structure for efficient business management.

Payroll Services

When you are establishing successful business finances, each item you can delegate to a specialist leaves more time and attention for your own specialization. We provide complete payroll services.

Contact Us Today

Partnering with the right accountant is a major asset to running a small business in Yorkville, Oswego, Plano, Sandwich or Sugar Grove. Call us at (630) 551-8307 to find out more about how our tax and accounting services can support your mission to grow.