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Accounting and Bookkeeping Services in Naperville, Illinois
Small business owners in Naperville trust 1-800Accountant's expert CPAs to handle their bookkeeping and tax needs, saving valuable time while maximizing deductions and maintaining compliance.
Our Accounting Services for Naperville Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA with expertise in your industry so you're always confident in your business tax situation. Our CPAs, with more than 17 years of experience on average, can save you thousands annually when you delegate complex Naperville tax preparation to them!
Bookkeeping: Solidify your financial base and manage cash flow with precise, error-free bookkeeping done for you that saves time and provides crucial insights that empower you to make important data-backed business decisions. This meticulous process delivers essential tools for interpreting data with easy-to-understand reporting, enabling your accountant to develop vital financial modeling.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business tax advisor. Strategic planning helps minimize your business tax liability in Illinois throughout the year while ensuring compliance.
Payroll: Save hours each pay period with comprehensive payroll services handled for you, with regular tax submissions to the city of Naperville, ensuring accuracy and freeing you to focus on other vital aspects of your business.
Business Formation: Enjoy the advantages of officially establishing your business in Illinois with our complimentary incorporation services. Simply cover any Naperville fees, and we will manage the rest. This puts you on a path to hiring employees and creating a business bank account as you experience the benefits of an optimized business structure and maximum tax savings.
Discussing your business taxes with 1-800Accountant is quick and easy:
- Set up a time for us to give you a call.
- Tell us what’s going on with your business.
- Get matched with an accountant who knows your industry & local regulations.
| Level | Rate |
|---|---|
| State Tax Rate | 6.25% |
| County Tax Rate | 0.00% |
| Municipal Tax Rate | 0.75% |
| Regional Transport Authority | 0.75% |
| Combined Sales Tax Rate | 7.75% |
| City-Specific Taxes |
|---|
| All corporations in Naperville must pay the Illinois Corporate Income Tax, which is 7.99%. |
| Licenses and Permits |
|---|
| The following businesses require city-specific licensing in Naperville: peddlers, vendors, and solicitors (including door-to-door sales and food trucks); taxi services; businesses conducting hardship sales (going-out-of-business sales); commercial property renovations or improvements. |
| All businesses in Naperville must register with the Illinois Department of Revenue via the MyTax Illinois portal. |
| Sign permits are required for installation, alteration, or replacement of business signage in Naperville. |
| Grants and Funding in Naperville | Grants and Funding Information |
|---|---|
| Community Development Block Grant (CDBG) | This federally-funded program administered by the City of Naperville provides resources for community development activities. The city is currently accepting applications for 2025 projects. |
| Special Events and Cultural Amenities (SECA) Grant | This grant program supports local events and cultural initiatives that enhance the community experience in Naperville. Applications are now being accepted for 2025 funding. |
| Small Business Capital and Infrastructure Grants | The Illinois Department of Commerce and Economic Opportunity (DCEO) offers grants ranging from $10,000 to $245,000 for small businesses. Eligible expenses include building expansion, new construction, and other capital improvements. Priority is given to businesses with 25 or fewer employees and those owned by socially economically disadvantaged individuals. |
What to Look for in Naperville, Illinois Accounting and Bookkeeping Services
When choosing an accountant or bookkeeper for your Naperville small business, you should consider the following factors:
Certifications and Illinois Compliance: Verify the accountant or bookkeeper holds proper credentials, particularly if they work as a CPA. They should demonstrate thorough knowledge of Illinois tax regulations, including specific DuPage County requirements that affect Naperville businesses differently than neighboring Cook County operations.
Technology Industry Experience: Given Naperville's growing technology sector, seek financial professionals familiar with tech startups and established firms. An accountant who understands software development tax credits, R&D deductions, and intellectual property valuation will provide more value than generalists, especially with Naperville's tech corridor continuing to expand along the I-88 innovation corridor.
Understanding of Local Economic Dynamics: Find professionals who grasp Naperville's unique position as both a wealthy Chicago suburb and an independent economic center. Your accountant should recognize how proximity to major corporate headquarters, excellent schools, and high household incomes create distinct financial opportunities and challenges for local businesses.
Knowledge of Illinois Tax Incentives: Illinois offers specific tax advantages for businesses, including the Economic Development for a Growing Economy (EDGE) Tax Credit and the High Impact Business program. A Naperville-savvy accountant can help navigate these opportunities while addressing DuPage County's property tax structure, which differs significantly from neighboring counties and impacts business location decisions.
Talk to a business tax expert today for all your tax needs in Naperville.
Additional Illinois Accounting Resources:
Illinois Small Business Tax Guide for 2025
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.