Taxes

It has been said that nothing is certain in life “except for death and taxes.” At Neff Accounting, we concern ourselves with the latter so your company does not experience the former. Tax planning is our forte. The very idea of taxes can be extremely stressful for many companies. Having been in business for over a decade, we understand the difficulties for small and medium sized businesses when it comes to taxes. However, at Neff Accounting, we thrive at tax planning and preparation. When you come to our accounting firm, rest assured your company will be in good hands.

Our tax support

Our accountants and bookkeepers are competent and seasoned; they make it a priority to master current Illinois tax law, complex tax code and new tax regulations. With years of experience, Neff Accounting can save you time, money and tax dollars by maximizing your accounting efficiency and tax deductions.

Tax planning

  Tax planning is the key to reducing your tax liability. We go beyond tax compliance: We work proactively to recommend tax-saving strategies to maximize your income after you pay taxes. Today’s taxes tend to be so complicated that filing a relatively simple return can be confusing. You might be overlooking the deductions or credits to which you are entitled. Even if you use a computer tax program, there’s really no substitute for the assistance of an experienced accountant or bookkeeper. At Neff Accounting, we’ll help prepare your tax returns and guide you in the right direction.

Who we serve:

• Corporations
• Partnerships
• Individuals
• Small- and medium-sized businesses
• Start-up businesses
• Sole proprietors (Schedule Cs)

Need help with your tax planning?

Whether you or your business is in Peoria, East Peoria, Morton or any surrounding communities, we want to hear from you. Our tax planning professionals will help get your books and taxes in order to save you money. Allow us to put our years of knowledge and experience toward helping your business grow and prosper.

Contact Neff Accounting today.

Payroll

Importance of payroll management

Paying your employees and contractors consistently and accurately is critical to maintaining positive work relationships. A business that doesn’t pay its employees consistently or miscalculates their income can expect a soured working environment. Bitter workers kill productivity as their faith in your company withers. A business cannot afford such a sloppy payroll. When you charge Neff Accounting to manage your payroll, we will set up your pay schedule to be consistent and correct. Your employees and contractors will benefit from the assurance that they will be paid routinely and accurately. This stability will benefit the overall character and productivity of your business. Our bookkeepers and accountants understand that your business may have unique payroll requirements. We’ll work with you to tailor a solution to meet your needs so that your payroll information is easily and effectively managed.

Our Payroll Services

At Neff Accounting, we make it a point to provide all our clients with a variety of quality payroll services:

• Direct Deposit

  The extra business days it takes to deliver a check in the mail can be a lifetime for a worker who depends on that income. There’s always the risk that the check you sent will get lost in the mail or taken. Making direct deposit available as an option assures that the right person will immediately receive his or her paycheck every time.

• Check processing

  Having the ability to make payments with checks is essential for any business. At Neff Accounting, we can print checks on stock with your signature already on it. This saves you time and streamlines the image of your business payments.

• Any payroll interval

  Whether it’s weekly, bi-weekly, monthly, bimonthly, Neff Accounting accommodates your payment preferences.

• Timely payment on your Federal and State taxes

  We file and pay your taxes electronically to ensure you meet the appropriate deadlines.

Need help with your payroll?

Whether you or your business is in Peoria, East Peoria, Morton or any surrounding communities, we want to hear from you. Allow us to put our years of payroll knowledge and experience toward helping your business grow and prosper.

Contact Neff Accounting today.

Monthly Accounting

It’s important especially for smaller businesses to periodically review their revenue and expenses in order to analyze their progress and capitalize on their successes. Neff Accounting’s monthly accounting service ensures businesses have accurate and timely records. Having this data at hand will allow your company to analyze buying trends, troubleshoot areas of spending, and square away bills for the month. Our experienced bookkeepers and accountants will assess your monthly accounting records to help guide you in the right direction.

Time is money

Neff Accounting is a small company. So we understand that small- and medium-sized businesses face different challenges than large corporations. We understand that running a business is a full-time endeavor and that your time is a precious commodity. You don’t want to waste your time crunching numbers when you could be working on ways to grow your business. Allow Neff Accounting to handle your monthly accounting so that you can focus on other essential aspects of your business. Our specialty is accounting. We’ll do the job efficiently and accurately so you save time and money.

Our Monthly Accounting Process

• List transactions

  – We record any of your business’ financial activities.

• Posting

  – We group the transaction with the account it impacts.

• Trail balance

  – We calculate a rough draft of the numbers.

• Worksheet

  – We adjust the trial balance for any calculations that initially were left out or needed changing.

• Adjust entries

  – We post the entries to the appropriate accounts.

• Financial statement

  – We use the corrected data to prepare an accurate balance sheet and income statement.

• Closing the books

  – We close the revenue and expense accounts for the month and start the next month with a zero balance.

Need help with your business’ monthly accounting?

Whether you or your business is in Peoria, East Peoria, Morton or any surrounding communities, we want to hear from you. Our bookkeepers and accountants will help get your books and taxes in order each month to help save you money. Allow us to put our years of knowledge and experience toward helping your business grow and prosper.

Contact Neff Accounting today.