Services
At Phillips Tax Service, we customize our tax services based on our clients’ needs. Our client base includes individuals, small businesses, corporations, and non-profit organizations throughout Central Illinois, including the areas surrounding Pekin, Peoria, Morton. We offer a full line of taxes and bookkeeping services.
Tax Preparation Options
- In-Person Appointments: Please call (309) 346-9688 to schedule your appointment or email us.
- Drop Off/Mail In: Please include your name, best phone number, email address, and preferred preparer on the outside of the envelope containing your documents.
- You may hand your paper work to the receptionist during regular business hours.
- You may drop your paperwork through the wide red slot in the “mailbox” that is painted on the front of the building.
- Electronic Uploads: We will provide you with a secure methods for uploads upon request.
Whatever method you use, we do our best to take care of your tax needs with the diligence, integrity, and compassion. Thank you for choosing us to help you with your tax and accounting needs!
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Individual Income Taxes
Today’s tax laws are so complicated that filing a relatively simple return can be confusing. It’s too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax return preparer. That’s why having an expert accountant on your side is so important. Contact us to learn more or to get started today!
Corporate Income Taxes
Having expert tax services is critical to the overall success of corporations and businesses. We provide tax planning and preparation services that chart a course for decreasing your future tax obligations. When it comes to corporate income taxes, making the correct financial decisions can save money and make tax filing easier. Contact us to learn more or to get started today!
Small Business Taxes
Small business owners are busy and often don’t have time to stay on top of their bookkeeping. At Phillips Tax Services, we can help manage your bookkeeping for the tax year, then prepare and file your business tax returns. We can also assist you in setting up a simple process to stay on top of your books. Contact us to learn more or to get started today!
Tax Planning
Planning is critical to managing and legally reducing your tax liability. At Phillips Tax Services, we work proactively to recommend tax saving strategies with a goal of maximizing your after-tax income. We make it a priority to help businesses pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year. Contact us to learn more or to get started today!
Payroll Taxes
Federal, state, and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date? At Phillips Tax Services, we can help you eliminate the risks of calculating and filing your own payroll taxes. Contact us to learn more or to get started today!
Payroll Processing
When it comes to paying employees, laws and the IRS have made the payroll function a time-consuming nightmare for the small business owner. On average, a small business owner will spend an average of eight hours a month performing payroll functions. At Phillips Tax Services, we offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best – running your company. Contact us to learn more or to get started today!
Sales Taxes
Whenever transactions are made, sales taxes are generated which need to be reported and paid each month – and it’s no secret that this can be complicated. Each transaction and business are unique and the regulations can be intricate, especially with rapidly changing legislation. At Phillips Tax Services, we can take the burden off you and your team by helping reduce current and future tax liabilities by improving your sales tax processes and creating systems to manage your sales tax procedures long-term. Contact us to learn more or to get started today!
Monthly Bookkeeping
As a business owner, keeping your own books can be a tedious task that can distract you from running your business. From reconciling your bank accounts and generating income statements to creating balance sheets and managing your general ledger, we can help you keep your accounting and taxes up to date each month. And we will always provide valuable consultation services, so you fully understand the financial information that we provide. Contact us to learn more or to get started today!