Business Details
5 Years
experience
Trusted Accounting & Tax Services in Arlington Heights
Sharp Point Accounting Solutions is a full-service accounting firm dedicated to empowering small and medium-sized businesses through precise financial management and strategic advisory services. With over a decade of combined experience, our team of Certified Public Accountants specializes in bookkeeping, tax preparation, payroll processing, and financial consulting, leveraging industry-leading tools like QuickBooks and Xero to streamline operations. We prioritize client relationships, offering personalized solutions tailored to industries such as healthcare, construction, and professional services. Our commitment to technological innovation ensures clients receive real-time financial insights, enabling data-driven decision-making.Backed by testimonials from satisfied business owners and professionals, we focus on reducing administrative burdens so clients can concentrate on growth. Our expertise extends to tax code optimization, IRS representation, and system implementation, ensuring compliance and efficiency. By maintaining strict confidentiality and employing secure digital workflows, we build trust while delivering actionable financial strategies. Our mission is to transform chaotic bookkeeping into organized, profitable systems, fostering long-term partnerships grounded in reliability and expertise.
Services
Bookkeeping Essentials
Tax Preparation
Controller Services
QuickBooks Consulting
Profit Advisory
Payroll Administration
Financial Statements
Tax Resolution
Software Implementation
Business Consulting
Details
- Year established: 2021
Highlights and features
- We offer over 10 years of combined experience in public accounting and specialized tax planning.
- Our team implements industry-specific financial systems for healthcare, construction, and professional services sectors.
- We provide 24/7 secure digital workflows with encrypted client data protection.
- Our CPAs specialize in IRS representation and tax code optimization for maximum deductions.
- We guarantee prompt communication with dedicated client managers for personalized support.
Associations and certifications
- Certified Public Accountant (CPA)
What people say
Knowledgeable staff
Prompt communication
Established systems
Tax code optimization
Stress reduction
Services
Bookkeeping Essentials
Our bookkeeping services ensure accurate daily financial tracking using QuickBooks and Xero platforms. We handle expense classification, bank reconciliations, and financial statement preparation for businesses in healthcare, construction, and professional services. Clients receive timely, organized records to support strategic decision-making while focusing on core operations.
Tax Preparation
We provide comprehensive tax preparation for individuals and businesses, including complex returns for medical professionals and contractors. Our CPAs optimize deductions through tax code expertise while offering year-round support for 5-minute tax questions. Services include W-2/1099 filings and IRS representation for audits or amended returns.
Controller Services
Our outsourced controller services deliver monthly financial analysis, budgeting guidance, and cash flow management. We implement internal controls and KPI tracking for growing businesses, with customizable meeting schedules. Clients gain strategic insights into profitability drivers and operational efficiencies through detailed variance analysis.
QuickBooks Consulting
We specialize in QuickBooks Online and Desktop implementation, including system setup, data migration, and staff training. Our ProAdvisors customize workflows for invoicing, payroll integration, and financial reporting. Businesses receive ongoing technical support and complementary consultations to ensure software evolves with their growth requirements.
Profit Advisory
Our advisory services focus on profitability coaching, business valuations, and growth planning. We analyze financial metrics to identify cost-saving opportunities and revenue enhancement strategies. Services include exit planning, merger consultations, and customized business roadmaps aligned with client-specific goals and industry challenges.
People
Peter Michaelides
President
CPA with 10+ years in public accounting, specializing in corporate taxation and IRS representation. Graduated from Trinity International University with dual emphasis in Accounting and Business Management. Former roles in Northbrook and Chicago CPA firms handling high-net-worth clients.
Jen Michaelides
CEO
CPA and Magna Cum Laude graduate from Trinity International University. Expertise in audit services and corporate taxation with experience at Buffalo Grove and Glenview firms. Focuses on helping business owners understand financial statements and improve accounting processes.
Yvonne Atwater
Office Manager
Senior client manager with expertise in QuickBooks and business operations. Manages client relationships for businesses of all sizes, specializing in flexible bookkeeping solutions. Background includes Mom-and-Pop shops to large enterprises with 20+ years of experience.
Lynsey Jones
Client Manager
DeVry University graduate with 20+ years in accounting. Specializes in small business bookkeeping and software conversions. QuickBooks ProAdvisor with experience in tax preparation, payroll, and Microsoft Great Plains implementations for diverse industries.
Questions
What accounting services do you offer for medical professionals?
We provide industry-specific bookkeeping, payroll administration, and financial statement preparation for doctors, dentists, and therapists. Our team handles expense classification, bank reconciliations, and QuickBooks setup tailored to medical practice needs.
How do you ensure client confidentiality?
All client data is stored in encrypted environments with 24/7 offsite monitoring. We maintain Type 2 SOSC2 compliant data centers and retain no physical records after engagement completion to guarantee privacy.
What payment methods do you accept?
We accept checks, credit cards (excluding American Express/Discover), and ACH transfers. Tax clients must pay 50% upfront with the balance due upon receiving draft returns, with final delivery after full payment.
Can you help with QuickBooks software implementation?
Our Certified QuickBooks ProAdvisors offer setup, customization, and training for desktop and online versions. We integrate complementary tools like Bill.com and provide ongoing support to ensure efficient accounting workflows.
Do you offer tax planning services throughout the year?
Yes, we provide year-round tax advisory services including projections and code optimization. Engaged clients receive free 5-minute tax consultations via email to maximize deductions and plan strategically.
How are your tax preparation fees structured?
Fees are determined by return complexity after reviewing required documents. We charge 50% upfront and the balance upon draft delivery, with no refund anticipation loans offered for tax preparation services.
