What type of business entity should I choose? How much do I need to save for my child's college education? As accounting professionals, these are some of the questions that are posed to us on a daily basis. We are providing these interactive financial tools and to assist you with some of the day-to-day questions and concerns that may arise. While these financial tools are not a substitute for financial advice from a qualified professional, they can be used as a starting point in your decision making process. Offices In: Naperville: (630) 357-0255 Willowbrook: (630) 325-1527 or email us at: Click Here

Business Owner   Articles     Starting a business       Advantages and disadvantages of self-employment       Choosing an entity for your business       Record keeping for your own business   Decision Tools     Choosing an entity       How C Corporations, Limited Liability Companies, and Limited Liability Partnerships Protect Personal Assets   FAQs     Starting a business       How do I find good advisors such as lawyers and accountants to help with my business?       Should I buy an existing business or start from scratch?   Education Planning   Articles     529 plans       529 plans vs. other college savings options       Estate planning and 529 plans       Income tax planning and 529 plans       The ABCs of 529 plans   Decision Tools     Determining how much to save for college       College savings analyzer       Higher education figures at-a-glance   FAQs     529 plan basics       How many states currently have 529 plans?       What's the difference between state savings plans and prepaid tuition plans?     529 plans vs. other ways to save for college       How does a 529 plan compare with investing in a mutual fund in my name?       How does a 529 plan compare with using U.S. savings bonds for college expenses?     College costs       Are there any ways to lower the cost of college?       What expenses are included in the annual cost of college?   Estate Planning   Articles     Assets       Asset protection in estate planning       Transferring your family business     Estate planning basics       Estate planning--an introduction       Gift and estate taxes       Trust basics       Wills--the cornerstone of your estate plan     Life insurance       Life insurance and estate planning       Planning ahead for life insurance proceeds       The ins and outs of policy ownership   Decision Tools     Business planning       Business life insurance needs       Business succession planning alternatives       How entity purchase plans work       Planning for succession of a business interest     Trusts       Advantages of trusts       How a grantor retained income trust (GRIT) works       How an irrevocable life insurance trust (ILIT) works       How an irrevocable trust protects assets   FAQs     Estate planning basics       How often do I need to review my estate plan?       What makes up my taxable estate?     Life insurance and estate planning       Are life insurance proceeds income taxable?       What is a life insurance trust and why should I consider establishing one?     Trusts       Should I establish a trust for my child's college education fund?       What is a life insurance trust and why should I consider establishing one?       What is a living trust?   Investment Planning   Articles     Choosing investment vehicles       Annuity basics       Creating an investment portfolio       Investing in bonds       Investing in stocks       Mutual fund basics       Other investments       The best ways to save for college     Investment basics       Investment planning--the basics       Six keys to successful investing       Taxation of investments       Understanding investment terms and concepts       Understanding risk     Investment goals       Asset Allocation       Can I afford to send my child to college?       Common investment goals       Retirement planning--the basics   Decision Tools     Investment planning basics       Common investment mistakes to avoid       Growth of annual deposits calculator       Simple rules for investing       Steps to financial planning success     Taxes       Capital gains and dividends tax relief   FAQs     Investing basics       How can I gauge my risk tolerance?       Is there any type of insurance that can protect against losses from investments?       Should I invest my extra cash or use it to pay off debt?       What is asset allocation and how does it work?       What's the difference between growth investing and value investing?     Taxes       I have investment property. What does basis mean, and how do I determine the basis of my property?       Will I have to pay tax on my investment income?   Tax Planning   Articles     General tax planning       Income tax planning and 529 plans       Tax benefits of home ownership       Tax planning for income       Tax planning for the self-employed       Year-end tax planning   Decision Tools     General tax planning       Accelerating deductions/postponing Income       Accelerating income/postponing deductions       Federal individual income tax fundamentals   FAQs     General tax planning       Am I having enough tax withheld from my paycheck?       What is the alternative minimum tax?