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CPA Managed Firm · Chicago, Illinois

Trusted CPAs & EAs

in Chicago.

Expert tax services for Chicago businesses, individuals, and expats. Licensed Illinois CPAs & EAs — in the Loop or virtual.

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Chicago
New York City
Houston
Los Angeles
Miami
Dallas
Austin
Seattle
San Francisco
Washington DC
Phoenix
Boston
Detroit
Greenwich

Chicago's CPA Managed Firm.

Chicago is one of the most complex tax environments in the country — federal, Illinois state, and city-level obligations layered on top of each other. We know every angle.

handled right.

Illinois tax,

4.95% flat state rate, city tax obligations, multi-state nexus — we know every layer of the Chicago tax stack.

$2.4M+

Saved for Chicago clients last year

800+

Active Chicago clients

Loop Office

10+ years

in Chicago.

Deep roots in the Loop, Wicker Park, Lincoln Park, and Logan Square markets. We know your neighborhood's tax landscape.

Expats abroad.

Illinois obligations

don't stop at the border.

US citizens living abroad who carry IL domicile — FBAR, FEIE, streamlined filing, all handled.

Local expertise

Why a Chicago CPA matters.

Illinois taxes are layered — federal, state, and city-level obligations stack in ways that generic software misses. A CPA who works in this market daily catches issues others don't.
  • Illinois imposes a flat 4.95% personal income tax — every dollar counts, no standard deduction
  • Chicago business owners may owe city tax on gross receipts in addition to state and federal
  • Multi-state nexus is common for Chicago businesses with clients in Indiana, Wisconsin, or Michigan
  • Pass-through entity tax (PTET) elections can save S-corp owners significant federal dollars — most miss this
  • Illinois has aggressive use tax enforcement for businesses purchasing out-of-state goods
Chicago-area tax rates
Federal income tax (top)

37%

Illinois state income tax

4.95%

Illinois corporate income tax

9.5%

Chicago sales tax

10.25%

Self-employment tax

15.3%

IL personal property lease tax

9%

2025–2026 figures. Combined effective rates vary by income, entity type, and deductions. A Taxperts CPA or EA will calculate your actual liability during your free consultation.

Chicago

clients.

Book a call
I own three Wicker Park retail locations and Taxperts transformed how I manage taxes and bookkeeping. David restructured us from a sole prop to an S-corp — the savings covered his fee ten times over in the first year.
TC
Tom C.
Owner, Wicker Park Retail Group
I had three years of unfiled Illinois and federal returns and a scary IRS notice. Maria handled everything — negotiated a payment plan, filed the returns, and got penalties abated. I can breathe again.
AL
Ana L.
Freelance Designer, Logan Square

Chicago

tax questions.

Do I need to file a Chicago city tax return?

It depends on your business type and activity. Chicago imposes tax on certain business activity and personal property leasing. Most Chicago businesses have city-level filing obligations beyond state. We'll determine what applies during your consultation.

How does Illinois's flat income tax rate affect me?

Illinois taxes all income at a flat 4.95% — no brackets, no standard deduction, no personal exemption. Strategies that reduce federal taxable income don't always carry over to Illinois. A Taxperts CPA or EA ensures you're maximizing every Illinois-specific deduction available.

I work remotely for an out-of-state company — do I owe Illinois tax?

Yes. If you're an Illinois resident, you owe Illinois income tax on your worldwide income regardless of where your employer is based. A credit may apply for taxes paid to another state, but the calculation is nuanced. We handle multi-state filings for hundreds of Chicago remote workers.

Can you help with past-due Illinois tax returns?

Yes. Our Tax Resolution team works directly with the Illinois Department of Revenue (IDOR) on unfiled returns, back taxes, and penalty abatement. IDOR's voluntary disclosure program can significantly reduce penalties for taxpayers who come forward proactively.

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Ready to stop stressing

about taxes?

Book a free 30-minute consultation with a Taxperts CPA or EA. Virtual or in-person, your choice. No obligation.