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Tax Preparation, Accounting, & Audit Services

Stanfield & Associates is a Downers Grove accounting firm comprised of certified public accountants (CPAs) with specialization in tax planning, tax preparation, accounting, estate planning and wealth management. We invite you to click through out website to learn more about our accounting and tax preparation services.

Small Business

/Small Business

Resources and information related to Small Business accounting, financials, taxes and audit/assurance services.

A Tax Term Every Start-up Should Know

For most startup owners and employees, being able to cite sections of the internal revenue code is probably not what you signed up for. But, there should be one notable exception: the 83b election. Many startups use stock as a means of compensation for their early employees. More specifically, they use what is called restricted [...]

By | January 27th, 2014|Small Business|0 Comments

Determining if Your New Hire is an Employee or Contractor

As your business grows you may be inclined to hire people to help with the workload. From there, the question is do you have an independent contractor (1099) or an employee (W2)? Like most things in the tax code, the answer is, it depends. The preference for many businesses is to have contractors. This is [...]

By | January 27th, 2014|Small Business|0 Comments