Old Town Tax and Accounting Services

Ongoing support that keeps your business organized, compliant, and positioned for growth.
Old Town tax and accounting services

Godley Tax & Accounting understands that businesses in Old Town need more than just basic number crunching. They need strategic Old Town tax and accounting services from financial partners who can help them thrive in this community’s unique business landscape. 

Our services are designed to support business owners in this local area, from Lincoln Park to the Gold Coast. When you work with us, you can count on transparent pricing, practical solutions, and responsive service year-round.

Why Old Town Businesses Choose Godley Tax & Accounting

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Strategic Location Advantage

Our understanding of the Old Town area’s business landscape, from Goose Island to the Near North Side, gives us insights that benefit our clients.

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Scalable Solutions

Whether you’re a solo entrepreneur or managing a team of employees, our Old Town tax and accounting services scale to meet your needs as you grow.

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Personalized Attention

We maintain the personal touch that comes from working with a local firm that knows your community.

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Proactive Communication

We don’t wait for problems to arise. We anticipate challenges and keep you informed every step of the way.

How Our Accounting Support Lightens Your Load

Our goal is simple: remove the financial strain that’s holding your business back.

We help you create structure around your financial records, understand the tax implications of business decisions, and stay on top of compliance without sacrificing the time you need for customers, staff, or growth. This support brings order to the areas that have been causing stress and gives you space to focus on what you do best.

Old Town business owners who work with us get:

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Relief from disorganized records

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More predictable tax outcomes

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A smoother way to handle reconciliation and reporting

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A trusted Old Town partner who keeps them informed throughout the year

Ready to Stop Carrying the Financial Weight of Your Business Alone?

If bookkeeping delays, tax uncertainty, or constant financial catch-up have been draining your time and focus, Godley Tax & Accounting can help. Book a consultation and take the first step toward a financial system that actually supports you instead of overwhelming you.

Let Us Help:

The Godley Tax & Accounting, PC Guide to Minimizing Credit Card Processing Fees For Small Business Owners

Quick Answer: Small business owners can minimize credit card processing fees by switching from a flat-rate provider to an interchange-plus plan, which passes the true wholesale cost of a swipe straight to you. You can trim costs even further by routing large...

How Does The Employer Credit For Family and Medical Leave Work for Chicago Small Businesses?

Quick Answer: The employer credit for family and medical leave provides small businesses a federal tax credit worth 12.5% to 25% of qualified leave costs. In 2026, you can claim this credit on actual wages paid during FMLA leave or on commercial insurance...

How To Hire An Intern For The Summer For Your Chicago Business

Key TakeawaysPaid summer interns must be classified as W-2 temporary employees rather than 1099 independent contractors because they operate under your direct supervision. To legally hire an unpaid intern, your program must pass the strict DOL "Primary...

How To File A Tariff Refund Claim for Your Chicago Business

Key TakeawaysAs of April 20, 2026, the Consolidated Administration and Processing of Entries (CAPE) tool is the exclusive electronic system for reclaiming IEEPA tariff duty payments. Importers must have an active ACE Secure Data Portal account and an authorized...

Why Tariff Refund Claims Get Delayed for Chicago Small Business Owners

 *This guidance is based on CBP’s April 2026 CAPE/IEEPA refund guidance, current ACH refund enrollment rules, and general federal tax recovery principles as of May 15, 2026. Your facts may require coordination with your customs broker, trade counsel, and tax...

Does the Tariff Refund Process Apply to My Chicago Business?

 Key TakeawaysOnly the Importer of Record (IOR) or an authorized customs broker can claim a refund. If a carrier like UPS or FedEx is the IOR, you must coordinate with them rather than filing directly with the CBP. Refunds are exclusively for IEEPA-related...

Common Bookkeeping Mistakes That Make Tax Filing Harder For Chicago Business Owners

Key Takeaways Missing documentation shifts the burden of proof to you. Without a receipt or digital log, the IRS can legally disallow business deductions, resulting in higher taxable income and unexpected penalties.Commingling personal and business funds is a...

The 2026 Business Mileage Rate vs The Standard Expense Method For Your Chicago Business Vehicles

 Key TakeawaysThe IRS business rate for 2026 is 72.5 cents per mile, a 2.5-cent increase from the previous year. To keep your options open, you must choose the standard mileage method in the first year your vehicle is used for business. If you start with...

Remote vs In Person Work Setup for Chicago Employers

Key TakeawaysRemote work can lower overhead, expand your hiring pool, and improve flexibility. But it can also create multi-state tax and payroll compliance issues. In-person work can improve training, supervision, and team cohesion, but it often comes with...

How Long Can Employers Keep Employee Records? A Record Retention Guide for Chicago Small Business Owners

Key TakeawaysHow long you keep a document depends on what it is, which law applies, and sometimes your state’s rules as well. A practical baseline is to keep general personnel records for at least two years, payroll tax records at least four years, benefits...

Ready to schedule an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!