Business Details
50+ Years
experience
Trusted Accounting & Tax Services in Crystal Lake, IL
Caufield & Flood has been a trusted partner in accounting, tax, and advisory services since 1965. Our team of dedicated professionals brings decades of combined experience in serving small businesses, trusts, estates, nonprofits, and individuals. We specialize in strategic financial planning, tax compliance, and technology-driven solutions to help clients focus on their core operations. Our commitment to ethical practices and personalized service ensures clients receive tailored solutions for their unique needs. With expertise in business formation, succession planning, and QuickBooks consulting, we empower clients to navigate complex financial landscapes confidently.Our client-centric approach emphasizes transparency, compliance, and long-term partnerships. As an evolution from Caufield & Flood, we continue a legacy of excellence while embracing modern innovations in accounting. We prioritize education, proactive communication, and adaptability to regulatory changes to deliver reliable, forward-thinking advice. Our services span payroll management, tax planning, estate strategies, and business advisory solutions designed to maximize efficiency and growth. By combining technical proficiency with personalized attention, we aim to be an indispensable partner in our clients' financial success.
Services
Payroll Solutions
Business Advisory
Succession Planning
Tax Services
QuickBooks Consulting
New Business Formation
Estate Tax Planning
Financial Forecasting
Payroll Tax Compliance
Accounting Software Support
Details
- Year established: 1965
Highlights and features
- We offer over 50 years of combined experience in accounting and tax services.
- Our team provides personalized solutions tailored to individual client needs.
- We specialize in strategic tax planning and compliance for businesses and individuals.
- Our QuickBooks consulting ensures clients maximize software efficiency.
- We maintain a client-centric focus with transparent communication and ethical practices.
What people say
Expertise in tax planning
Efficient payroll solutions
QuickBooks optimization
Personalized service
Strategic advisory
Services
Payroll Solutions
Our payroll solutions manage tax compliance, direct deposits, and document filing for small businesses. We handle W-2s, 1099s, and tax payments while ensuring regulatory adherence. Clients access secure portals for real-time payroll information.
Business Advisory
We provide strategic growth planning, cash flow analysis, and entity selection for businesses. Our advisory services include financial forecasting, expansion strategies, and compliance management to support informed decision-making.
Succession Planning
Our succession planning services help businesses transfer ownership through valuations, buy-sell agreements, and tax strategies. We prepare successors for leadership roles or facilitate business sales with financial optimization.
Tax Services
We offer comprehensive tax planning for individuals, businesses, and estates. Services include return preparation, audit representation, and strategies to minimize liabilities while maintaining compliance with federal and state regulations.
QuickBooks Consulting
Our QuickBooks consulting optimizes software usage through setup, training, and process improvements. We help businesses streamline accounting workflows and leverage features for better financial management.
People
Michael J. Flood
Managing Partner
CPA with 35+ years of experience in accounting and tax solutions for closely held businesses. Specializes in estate planning, business formation, and strategic advisory services for corporate and individual clients.
Christiane Flood
Firm Administrator
Manages administrative operations with prior experience in civil engineering and education. Holds a BS in Civil Engineering and a Master of Arts in Teaching from National Louis University.
Anne Iscra
Payroll & Client Specialist
Handles payroll processing and client support with 20+ years of financial services experience. Former corporate trainer at Kemper Financial Services with a BS in Finance from Illinois State University.
David Smith
Tax Manager
CPA specializing in estate and trust tax planning. Collaborates with attorneys and advisors to develop funding strategies. Graduate of Loras College with expertise in business tax compliance and planning.
Questions
How do you help businesses with disorganized accounting records?
We take over bookkeeping tasks, perform reconciliations, and implement systems to maintain organized financial records for better business decision-making.
What payroll services do you offer?
We handle direct deposits, tax payments, W-2/1099 filings, and provide secure portals for employer/employee document access.
How can you help maximize QuickBooks efficiency?
Our consultants optimize software setup, provide training, and identify features to improve accounting workflows and reporting capabilities.
What tax mistake resolution services do you provide?
We assist with IRS issue resolution, penalty abatement, and corrective filing processes to resolve tax compliance problems.
Do you offer business succession planning?
Yes, we develop transition strategies including ownership transfers, buy-sell agreements, and tax-efficient succession frameworks.
