Welcome to
Braden Group
We have developed an excellent reputation with taking care of the tax and accounting needs for a wide variety of businesses and individuals. Whether you need assistance with mergers and acquisitions, financial management, tax filings, or something else, you can count on us for professional service. We have a wealth of information and are looking forward to working with you.
About Us
Braden Group Inc has been specializing in personalized taxation and accounting services throughout the Chicagoan area. We have the skills, knowledge and charisma to handle all of your accounting needs. We are ready to tackle any financial challenges that you may have as your trusted tax planner and financial advisor.
What We Do
Tax
We are here to optimize your taxes, so you save time and money.
Bookkeeping & Payroll
Let us handle the bookkeeping & payroll, and spend more time doing the things that generate your business money.
Advice
Finances can be confusing and stressful. We can consult you on an entire transaction and help you after the process has ended.
Real Estate
Buying a home for personal use or for an investment can be extremely stressful. We can help you through the entire transaction and guide you to make the best financial decision possible.
Meet The Team
WALTER BRADEN, MBA
Managing Partner
FAQ'S
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WHAT ARE THE DIFFERENCES BETWEEN AN ACCOUNTANT, A CPA AND A BOOKKEEPER?"Bookkeepers, accountants and certified public accountants, all work with businesses' financial data. Bookkeepers record when a company receives, pays or owes money. Accountants provide more in-depth analysis than bookkeepers. A CPA or certified public accountant is an accountant with a state license.
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WHAT DO ACCOUNTANTS DO?The primary duty of an accountant is to prepare financial records and ensure that they are correct. Some of the specific duties of an accountant include the following: Prepare tax returns. Make sure that the company's financial statements comply with state and federal laws. Make recommendations to management on ways to decrease costs and increase income. Prepare reports to explain their findings to upper management. Meet with private clients to provide financial advice
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HOW MUCH RECORD KEEPING IS NECESSARY?In business, you want to maintain an exact record of every cent you earn and spend. That includes maintaining careful records when it comes to employee payroll, accounts receivable, purchases, and other expenses. You will need all that information to determine how well your company is doing financially. You will also need receipts and bank statements to file your annual income taxes for your small business. That means a decent amount of record-keeping, which will only increase as your company grows over time.
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HOW DO I KNOW WHAT EXPENSES ARE TAX DEDUCTIBLE?What is deductible can change in any given year. The IRS is constantly revising and updating the tax codes. That is just one of many reasons why retaining the services of an outside accounting for both regular accounting/payroll and taxes is a good idea. Your accountant will be up-to-date on what can and can’t be written off, and can help you maximize the potential benefit of your purchases and expenses when you’re filing your taxes. Generally, purchases and expenses deemed necessary can be treated as tax deductible.
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HOW LONG SHOULD I KEEP MY TAX RECORDS FOR?Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.
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SHOULD I OUTSOURCE MY ACCOUNTING TO AN OUTSIDE PROFESSIONAL?In most cases, the answer to this question is “yes.” When you consider how many hours you or another member of your staff will spend on record keeping, accounting, payroll, and taxes, it can often be more cost-effective to hire an outside professional for accounting and tax needs. Additionally, a professional services offers greater peace of mind than doing it in-house and relying on your cursory understanding of accounting and some complex, overpriced accounting software for all your needs. Contact us today!
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WHAT ARE YOUR SERVICE FEES?Every situation is different, and no two companies are the same. I provide premium services at a reasonable price. Please contact me to discuss pricing in detail.