Tax Planning

Tax planning for businesses operating in Illinois involves navigating a multi-layered system of federal, state, and local tax obligations that creates both significant exposure and strategic opportunity. Illinois imposes a flat corporate income tax rate in addition to the personal property replacement tax, and Chicago imposes its own suite of taxes including the Chicago Personal Property Lease Transaction Tax, the Chicago Amusement Tax (which has been applied to streaming services), and various industry-specific levies. Our tax practice works closely with business owners, executives, CFOs, and outside accounting firms to develop comprehensive tax strategies that minimize liability at every level while maintaining full compliance and audit defensibility.

From entity selection and restructuring to transaction tax planning, state and local tax (SALT) compliance, R&D tax credits, and tax controversy representation before the IRS and the Illinois Department of Revenue, we integrate tax considerations into every aspect of your business strategy. Our team monitors the constantly evolving federal and Illinois tax landscape — including the implications of recent federal tax reform, changes to Illinois income tax rates, and new Cook County and Chicago tax ordinances — to ensure our clients capture every available advantage. We take a proactive approach, identifying planning opportunities in the third and fourth quarters rather than simply reacting at year-end or during return preparation.