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Delivering over 40 years of tax and accounting excellence.
Our Services
Business Accounting
A business is like a person – no two are alike. Yet, most financial service companies try to pigeonhole your business into using “boilerplate” statements. To us, you are not just some number we need to plug into our computer.
Tax Services
As a full-service public accounting firm, we can help you with your taxes no matter how complex. Our seasoned accounting staff comes from a variety of backgrounds leaving virtually no industry untouched.
Strategic Planning
Small to mid-sized business owners face many challenges. Two of those biggest challenges begin with the lack of separation of ownership from management and a failure to plan for the future.
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Wealth Management
In this complicated world of ever-changing tax laws and investment products we felt that offering Wealth Management services under the same roof would provide our clients with one location as a Financial Resource Center. No more “you need to ask your tax advisor”, because they are in the same building
Business Resources
Tax Planner
If you would like to request a Client Organizer to help gather tax information needed to prepare your personal income tax return, please contact our office by phone at (847) 699-7600 or simply email RGoffice@rozcpa.com
When asking for a Client Organizer please specify which delivery method you prefer: US mail or email.
Tax Deadlines
Want to know when your estimated tax payments are due? How about when the extended due date for tax returns is? You’ve come to the right place! Here you will find the dates you need in order to meet compliance requirements.
Check back often as we will update these deadlines as the year progresses. We want to assure that you have the information you need to answer all you questions. Also, please browse our downloadable forms section for certain commonly requested forms.
**UPCOMING DUE DATES**
Corporate Income Tax Returns – Form 1120 Period Covered: January – December 2021
Date Due: April 15, 2022
Corporate Income Tax Returns – Form 1120S Period Covered: January – December 2021
Date Due: March 15, 2022
Individual Income Tax Returns Period Covered: January – December 2021
Date Due: April 18, 2022
Partnership Income Tax Returns Period Covered: January – December 2021
Date Due: April 18, 2022
Estimated Tax Payments – Individuals Period Covered: 1st Installment for Tax Year 2021
Date Due: April 18, 2022
Estimated Tax Payments – Individuals Period Covered: 2nd Installment for Tax Year 2021
Date Due: June 15, 2022
Estimated Tax Payments – Individuals Period Covered: 3rd Installment for Tax Year 2021
Date Due: September 15, 2022
Estimated Tax Payments – Individuals Period Covered: 4th Installment for Tax Year 2021
Date Due: January 17, 2023
2021 Quarterly Payroll Tax Returns Period Covered: January – March 2021
Date Due: May 02, 2022
2021 Quarterly Payroll Tax Returns Period Covered: April – June 2021 Date
Due: August 01, 2022
2021 Quarterly Payroll Tax Returns Period Covered: July – September 2021
Date Due: October 31, 2022
2021 Quarterly Payroll Tax Returns Period Covered: October – December 2021
Date Due: January 31, 2023
Corporate 1120 Income Tax Returns Under Extension Due Period Covered: January – December 2021
Date Due: October 17, 2022
Corporate 1120S Income Tax Returns Under Extension Due Period Covered: January – December 2021
Date Due: September 15, 2022
Partnership Income Tax Returns Under Extension Due Period Covered: January – December 2021
Date Due: September 15, 2022
Individual Income Tax Returns Under Extension Due Period Covered: January – December 2021
Date Due: October 15, 2022
Records Retention Schedule
This schedule is a guide from the IRS, however, special circumstances can alter the retention period.
1 year Retention Period
Bank reconciliation
Bank statements
Correspondence (routine) with customers or vendors
Duplicate deposit slips
Purchase orders (except purchasing department copy)
Receiving sheets’
Requisitions
Stenographer’s notebooks
Stockroom withdrawal forms
3 year Retention Period
Correspondence (general)
Employee personal records (after termination)
Employment applications
Insurance policies (expired)
Internal audit reports (in some situations longer retention periods may be desired)
Internal reports (miscellaneous)
Petty cash vouchers
Physical inventory tags
Savings bond registration records of employees
7 year Retention Period
Accident reports and claims (settled cases)
Accounts payable ledgers and schedules
Accounts receivable ledgers and schedules
Checks (cancelled but see exception in permanent section below)
Contracts and leases (expired)
Employee personnel records after termination (if a retirement plan was in effect, regardless if employee was a plan participant); (if employee was a participant in a pension plan, consult your plan advisor.)
Expense analysis and expense distribution schedules
Inventories of products, materials and supplies
Invoices to customers
Invoices from vendors
Notes receivable ledgers and schedules
Option records (expired)
Payroll records and summaries, including payments to pensioners
Plant cost ledgers
Purchase orders (purchasing department copy)
Retirement plan accounting records (to correspond with returns and reports)
Retirement plan returns and reports (from filing date of such returns and reports)
Sales records
Scrap and salvage records (inventories, sales, etc.)
Stock and bond certificates (cancelled)
Subsidiary ledgers
Time books
Voucher register and schedules
Vouchers for payments to vendors, employees. etc. (includes allowances and reimbursement of employees, officers, etc., for travel and entertainment expenses)
Permanent Retention Period
Audit reports of accountants
Capital stock and bond records; ledgers, transfer registers, stubs showing issues, record of interest coupons, options, etc.
Cash books
Charts of accounts
Checks(cancelled for important payments, i.e., taxes, purchases of property, special contracts, etc.)•
Contracts and leases still in effect
Correspondence (legal and important matters only)
Deeds, mortgages and bills of sale
Depreciation schedules
Financial statements (end-of-year, other months optional)
General and private ledgers (and end-of-year trial balances)
Insurance records, current accident reports, claims, policies, etc.
Journals
Minute books of directors and stockholders, including by-laws and charter
Property appraisals by outside appraisers
Property records including costs, depreciation reserves, end-of-year trial balances, depreciation schedules, blueprints and plans
Tax returns and worksheets, revenue agents’ reports and other documents relating to determination of income tax liability
Trade mark registrations
Commonly Asked Questions
Here at RG, if you have questions, we have answers! Listed below are some of the most commonly asked questions that we receive. The answers are provided below each question.
General
What type of services does RG offer? We are a full-range accounting firm offering accounting, tax return preparation, business consulting and information technology services.
How much does a new client meeting cost with one of the partners? Typically the initial meeting is free of charge.
What are your telephone hours during tax season? 8:30am – 5pm. We maintain the same hours all year long.
Tax Related
How do I request a client organizer? On our website under Contact Us or simply by calling Linda Perkins at (224) 612-7061.
What is the minimum charge for tax returns? $450 for individual income tax returns.
Where can I find the Records Retention Schedule? On our website here.
How long do the tax planning meetings last? Typically 1 hour. Please be sure to make an appointment ahead of time.
How long before you complete my tax return? Once we have all of your information that is needed to prepare the return, we honor a 3 week guarantee to get it back to you.
Where is my refund? Both the IRS and State of Illinois offer a web link to this information. The following links will take you directly to the websites. Keep in mind that you will need to have a copy of your tax return handy to answer the questions that will be asked. For the IRS, click here. For the Illinois Department of Revenue, click here.