Nosal
Professional Group
At the core of our mission lies our commitment to empowering clients to achieve financial success. Fueled by our knowledge and expertise, we provide a full range of comprehensive and effective services that cater to the unique needs of every client.
Nosal Professional Group, P.C. is a small, aggressive, client-oriented Certified Public Accounting firm. Our firm is located in the fast-growing Lakeside area and is conveniently located between Dodge and Center on 168th Street.
We are a full-service accounting firm, offering a wide array of business and individual services. We specialize in small to mid-size business services including profit-enhancing consulting and income tax planning and compliance. We support QuickBooks and have a Certified QuickBooks ProAdvisor on staff.
A company is only as good as its people. The people at Nosal Professional Group are unsurpassed in professionalism, talent, enthusiasm, and client awareness.
Be assured that we will always do whatever we can to make your relationship with us rewarding, enjoyable, and most of all, profitable.
Experience this excellence – see the difference.
Business
Accounting
Bookkeeping, Payroll, & More
Our experience, resources, and attention to detail make our accounting services second-to-none. As an experienced accounting team, we look forward to the opportunity to help transform your business’ financials as we work with you to establish short- and long-term strategies for growth and profitability.
Tax Services
Maximize Profit. Reduce Taxes.
We remove the stress and overwhelm that comes from wondering if you’re overpaying taxes (like most businesses are) freeing you to focus on what you do best, serving your customers.
Taxes
Planning
Advisory
Expert Planning & Consulting
Our advisory services provide you with the expert coaching and advice you need. Plan the future of your business, learn how to opitimize your cash flow, and more.
Quickbooks Training & Consulting
Attestation & GAAP Services
Bookkeeping
Payroll, Compensation Consulting, & Compliance
Tax Planning & Preparation
Estate & Succession Planning
Strategic Business Planning
Cash Flow Analysis & Calculations
Profit Enhancement Consulting
Our Team
Articles & Advice
NOSAL PROFESSIONAL GROUP, P.C. YEAR-END TAX PLANNING MEMORANDUM
Another year is quickly coming to an end. This memorandum is intended to give you some ideas on saving taxes for 2024. However, it is general in...
Overview of the New Overtime Rules for Salaried Employees
Starting January 1, 2025, the U.S. Department of Labor (DOL) will implement new overtime rules that raise the salary threshold for employees who are...
Top Tax Deductions for Small Business Owners: Maximize Year-End Savings and Lower Your Tax Bill
Effective tax planning can significantly reduce your taxable income, keeping more money in your business. Here’s a list of high-impact deductions that are often missed. Each one has unique benefits, so discuss these options with your CPA to ensure they’re applied correctly. Our team is here to help with tailored tax planning – reach out today to maximize your savings.
Tax Planning Opportunities for Midwestern Pass-Through Entities
The State and Local Tax (SALT) deduction cap, introduced under the 2017 Tax Cuts and Jobs Act, limits the amount of state taxes you can deduct on your federal return. For many pass-through business owners in the Midwest, this can result in a higher federal tax bill.
Understanding FinCEN’s BOI Reporting Requirements for Businesses
The Financial Crimes Enforcement Network (FinCEN) is tightening regulations to improve transparency in business ownership, primarily through the implementation of Beneficial Ownership Information (BOI) reporting requirements. These requirements are aimed at helping combat illicit financial activities by ensuring that accurate and current ownership information is available to law enforcement and other authorities. If you own 25% or more of a company or have significant control over it, it’s essential to understand how the new BOI reporting requirements apply to you, particularly if your business was established before January 1, 2024, or is a new venture launched in 2024.
The Importance of Year-End Tax Planning for Small Businesses
As summer draws to a close, small business owners balance numerous responsibilities—wrapping up seasonal sales, reflecting on the past few months, and preparing for the busy fall ahead. Amid all this, one crucial task that shouldn’t be overlooked is tax planning. The end of summer is an ideal time for small businesses to review their tax strategies. By taking proactive measures now, you can set the stage for significant savings and ensure a seamless transition into the year-end tax season.
Being a gig worker comes with tax consequences
In recent years, many workers have become engaged in the “gig” economy. You may think of gig workers as those who deliver take-out restaurant meals,...
The IRS has just announced 2024 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a...
If you’re hiring independent contractors, make sure they’re properly handled
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures....
4 tax challenges you may encounter if you’re retiring soon
Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications....
Use the tax code to make business losses less painful
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
The IRS clarifies what counts as qualified medical expenses
If you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some frequently asked...
Retirement saving options for your small business: Keep it simple
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and...
Buying a new business vehicle? A heavy SUV is a tax-smart choice
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year...
Have employees who receive tips? Here are the tax implications
Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants,...
Tax-saving ways to help pay for college — once your child starts attending
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in...
What Our Clients Say…
As a Neurosurgeon in a busy practice, I do not have the time or knowledge to properly prepare our taxes or financial plan and it is a comfort to know that you are there for us.....
Scott C. Dulebohn, M.D.
...Les has developed innovative and proactive tax strategies for me that have saved me considerably more money than I have paid to him in fees.
James J. Lukas, D.D.S., M.S., P.C.