Bookkeeping & Tax Services in Palos Hills, IL
Infinite Accounting Services provides bookkeeping and tax services in Palos Hills, Illinois, from its office in nearby Orland Park. Simple recordkeeping for 1099 income and side-business expenses, for Palos Hills freelancers, gig workers and families with more than one paycheck. Your first consultation is free.
Serving clients in the southwest suburbs since 2018
How does Infinite Accounting help people in Palos Hills?
If you earn money in more than one way, maybe through a delivery app, weekend photography or a few freelance clients, your taxes got more complicated the day that first 1099 arrived. Side income is welcome, but it still has to be reported. That's where our bookkeeping and tax services in Palos Hills come in. We help freelancers, gig workers and side-business earners keep simple records and understand what they owe.
The goal is a system simple enough that you'll actually keep it up. Usually that doesn't mean anything elaborate, just consistent habits and one place to keep things. We'll show you how to separate side-business spending, which receipts are worth saving, and how to log mileage or equipment purchases. If you'd rather hand it off, our bookkeeping service can reconcile your accounts each month and show what the side business really earns after expenses.
At tax time, we prepare your individual return with self-employment income reported properly, and we talk through estimated payments so next April is easier to plan for. We'll also tell you which forms to watch for next January. Recent graduates taking on their first contracts, households juggling W-2 jobs and side income, and longtime freelancers in Palos Hills all start the same way, with a free consultation where no question is too small.
What do we do for Palos Hills businesses and families?
Bookkeeping in Palos Hills
A side business in Palos Hills rarely needs complicated accounting. It needs a simple system that someone keeps current.
- Setting up a separate account and simple categories for a freelancer's income and expenses.
- Matching 1099-NEC and 1099-K forms to what actually landed in your bank account.
- Tracking vehicle mileage and phone costs for rideshare and delivery drivers.
- Monthly reconciliations for an online seller juggling payout reports and shipping costs.
Tax preparation in Palos Hills
Side income changes how your return works. We prepare it carefully and explain what you owe and why.
- Individual returns with self-employment income reported alongside a regular W-2 job.
- Estimated tax payment planning for freelancers who no longer have taxes withheld.
- First-year returns for recent graduates starting contract or freelance work.
- Reviewing home office, equipment and software costs used in a side business.
Who do we work with in Palos Hills?
Freelancers and contractors
Designers, writers, developers and consultants who invoice their own clients and receive 1099s at year end.
Gig and app workers
Drivers, delivery workers and task-based earners who need mileage and expenses tracked properly.
New professionals
Recent graduates taking on their first contracts, or a side project alongside a starting salary.
Two-income households
Families where one or both partners have a W-2 job plus side income to report.
How do Palos Hills clients work with us?
Meet with us at our office at 14475 John Humphrey Dr, Ste 150 in Orland Park, or start with a quick question. Call or text (708) 232-3003 and tell us what kind of side income you have.
Office hours
Monday9 am to 3 pm
Tuesday9 am to 3 pm
WednesdayBy appointment
Thursday9 am to 3 pm
Friday9 am to 3 pm
SaturdayClosed
SundayClosed
What do Palos Hills clients ask us?
Do I have to report side income if I didn't get a 1099?
Yes. Income is generally taxable whether or not you receive a form for it. A 1099 is just one way a payer reports what they sent you. We help you add up income from every source, including cash and app payments, and report it alongside the expenses you're allowed to deduct.
What counts as a deductible expense for a side business?
Generally, costs that are ordinary and necessary for the work, such as supplies, software, part of your phone bill, or business mileage. Personal costs don't count, and mixed-use items need a reasonable split. The rules can be specific, so we review your expenses with you, explain which ones qualify and why, and help you keep records that support them.
I'm a student with a part-time freelance gig. Do I need to file a return?
It depends on your total income and how much came from self-employment. Self-employment income has its own, much lower filing threshold, so even a small gig can mean you need to file. Your parents' return may also be affected if they claim you as a dependent. We can look at your numbers and explain what applies to you.
Should I form an LLC for my freelance work?
Not necessarily. An LLC can make sense for some freelancers, but on its own it doesn't change how your income is taxed, and it adds state filing requirements. Many freelancers operate as sole proprietors with good records. We can talk through the tax side of the decision, and we'd suggest an attorney for the legal side.
Which towns near Palos Hills do we also serve?
Talk with us about your books or taxes in Palos Hills
Send a few lines about your books or taxes and we will reply to set up your free consultation. If you would rather talk now, call or text (708) 232-3003.
Ready to get your books and taxes in order?
Your first consultation is free. Call, text or send a message, whichever is easiest for you.