Business Details
Your Trusted Accounting Partner in Glen Ellyn
Waters Jeffrey J CPA CPAs is a professional accounting, bookkeeping, and tax consulting firm dedicated to providing personalized, confidential, and affordable services. Our practice focuses on individual and small business tax solutions, financial consulting, and strategic accounting services. With over 20 years of experience, Jeff Waters leads a team of experts including Phyllis, who brings 30 years of bookkeeping expertise, and Rick, with 40 years in tax planning. We prioritize client success through tailored financial strategies, transparent communication, and meticulous attention to evolving tax laws. Our commitment to personalized service ensures clients receive clear guidance on complex financial matters, from entity selection to tax optimization.By combining deep industry knowledge with a client-centric approach, we help individuals and businesses achieve their financial goals. Our services include business start-up planning, nonprofit entity assistance, financial statement preparation, and comprehensive payroll solutions. We utilize advanced tools like QuickBooks to enhance bookkeeping efficiency and offer on-site training for sustained financial clarity. Our team stays current with federal and state tax regulations to maximize savings while maintaining compliance. For both individuals and businesses, we provide strategic tax planning, asset management, and deductible optimization to secure long-term financial success.
Services
Individual Tax Preparation
Business Start-Up Planning
Non-Profit Entities
Financial Statement Preparation
QuickBooks Training
Payroll Services
Tax Research
Business Entity Selection
Details
- Year established: 2025
Highlights and features
- We offer over 20 years of CPA expertise in tax and financial planning.
- Our team provides personalized service with transparent pricing structures.
- We combine advanced tools like QuickBooks with hands-on bookkeeping support.
- Our staff includes specialists with 30-40 years of tax and payroll experience.
- We guarantee clear communication about complex tax laws and deductions.
Services
Individual Tax Preparation
We prepare individual tax returns with strategic planning for current and future financial needs. Our team optimizes deductions for healthcare expenses, mortgages, investments, and charitable donations while ensuring compliance with federal and state regulations. Personalized consultations help clients understand tax implications and maximize refunds.
Business Entity Selection
Our experts analyze business structures including corporations, S-corps, and LLCs to optimize financials and minimize liabilities. We guide clients through ownership decisions, asset protection strategies, and tax-efficient entity formations tailored to their specific business goals and operational requirements.
Financial Statement Preparation
We prepare comprehensive financial statements for management and banking purposes, including balance sheets, income statements, equity balances, and cash flow analyses. These documents ensure accurate financial reporting and support informed business decision-making for both personal and corporate accounts.
QuickBooks Training
Our team sets up QuickBooks software and provides on-site staff training with ongoing support. This service enhances bookkeeping efficiency, ensures organized financial records, and empowers businesses to maintain accurate financial tracking throughout the year for smoother tax preparation.
Non-Profit Entities
We assist organizations in obtaining tax-exempt status through IRS application processes. Our services include preparing required legal forms, explaining compliance requirements, and guiding clients through the specific documentation needed to establish and maintain nonprofit organizations effectively.
People
Waters Jeffrey J CPA
Certified Public Accountant
Jeff Waters has over 20 years of experience providing accounting and tax services. He specializes in strategic financial planning and personalized client solutions for individuals and small businesses.
Phyllis
Bookkeeping Specialist
Phyllis brings 30 years of expertise in bookkeeping and payroll preparation. She ensures accurate financial records and efficient payroll processing for businesses of all sizes.
Rick
Tax Planning Expert
Rick offers 40 years of experience in tax planning and preparation. He specializes in optimizing deductions and creating strategies to minimize tax liabilities for businesses and individuals.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, QuickBooks setup/training, financial statement preparation, payroll services, and entity selection analysis tailored to small business needs.
Do you specialize in individual or business tax planning?
We offer both services, with expertise in individual tax deductions optimization and corporate tax strategies to improve business returns.
How can you help with nonprofit organization formation?
We guide clients through IRS tax-exempt applications, prepare required documentation, and explain compliance requirements for nonprofit entities.
What experience does your team have?
Our team includes a CPA with 20+ years' experience, a bookkeeping specialist with 30+ years' expertise, and a tax planner with 40+ years in the field.
Do you offer free consultations?
Yes, we provide free initial consultations to discuss your accounting, tax planning, or financial strategy needs.
What areas do you serve?
We primarily serve Glen Ellyn, Illinois, with clients throughout the surrounding regions requiring professional accounting services.
