Business Details
32 Years
experience
Your Trusted Accounting Partner in Carol Stream, IL
Edward R Schwab C PA combines the experience of a large firm with the personalized attention of a small practice. Founded in 1994, we specialize in tax preparation, accounting, and consulting services for individuals and small to medium-sized businesses. Our team prioritizes long-term client relationships built on trust, integrity, and shared values. With over 35 years of experience, we offer tailored financial solutions while staying current with evolving tax regulations.Our services extend beyond compliance, focusing on strategic advisory to help clients navigate life and business milestones. Located in Carol Stream, Illinois, we serve clients across Illinois and 15 other U.S. states.
Services
Tax Services
Accounting Services
Consulting Services
Business Tax Preparation
Individual Tax Preparation
Details
- Year established: 1994
Highlights and features
- We offer 35+ years of CPA expertise in tax and accounting.
- Our personalized service ensures direct access to experienced professionals.
- We specialize in tailored financial solutions for life-changing events.
- Our firm maintains compliance with evolving tax regulations and standards.
- We serve clients across Illinois and 15 other U.S. states.
Associations and certifications
- Certified Public Accountant (CPA)
Services
Tax Services
Our tax services include federal and state individual and business tax preparation, payroll tax compliance, and strategic tax planning. We specialize in minimizing liabilities while ensuring compliance with evolving regulations. Clients benefit from our 35+ years of CPA expertise in handling complex tax situations for individuals and businesses.
Accounting Services
We provide comprehensive accounting solutions including general ledger maintenance, QuickBooks support, payroll processing, and financial statement preparation. Our services cater to small businesses needing outsourced accounting or periodic system reviews. Clients receive accurate financial reporting and compliance support tailored to their operational needs.
Consulting Services
Our consulting services focus on business start-up guidance, entity selection, and life event financial planning. We assist clients with retirement planning, business acquisitions, and tax-efficient strategies for major life changes. Our CPA-led advisory approach combines technical expertise with personalized financial roadmaps for individuals and small businesses.
People
Edward R. Schwab
Principal Accountant
Edward R. Schwab, CPA, has over 35 years of experience in tax and accounting. He earned his Bachelor's degree from Butler University (1981) and joined Bernstein Hoffman, Ltd. in 1985 before founding his firm in 1994. He specializes in personalized financial advisory services for individuals and small businesses.
Laura J. Schwab
Office Manager/Bookkeeper
Laura J. Schwab manages bookkeeping and administrative operations. With a Bachelor's of Music degree from Illinois State University (1981), she has supported the firm's operations since 2006, ensuring efficient delivery of accounting and tax services to clients.
Questions
How do you bill for your services?
We bill based on actual hours spent at varying rates depending on service type and staff expertise, rather than per form or project.
What are your office hours?
Normal hours are 8:00am-5:00pm (non-tax season). Extended evening/weekend hours available during tax season, with special arrangements possible.
What is your tax return process?
We use tax organizers to collect client data, schedule meetings for review, prepare returns with client input, and finalize with e-filing authorization.
