Accounting & Bookkeeping

 

Whether you’re a $100 million company that needs a virtual controller or a small business generating $1 million in need of complete bookkeeping services, HQ Tax can help. We provide a Virtual Controller service alongside our Virtual Bookkeeping service. We know each client is different with varying needs, and we completely understand. This is why what is important to you is important to us!

Trusted Chicago CPA Firm Delivering Accurate, Actionable Financial Insight

At HQ Tax & Financial, we provide comprehensive accounting, bookkeeping, and virtual controller services designed to support small and mid-sized businesses, startups, and entrepreneurs. Our Wall Street-caliber financial expertise is tailored for the real-world needs of today’s business owners.

Whether you need day-to-day financial records, strategic financial oversight, or scores you can bring to lenders and investors, we help you understand your numbers, stay compliant, and make smarter decisions.

Why Businesses Choose HQ Tax for Accounting & Financial Services

• Experienced CPAs and finance professionals with real business acumen
• Reliable, timely, and accurate reporting for taxes, operations, and planning
• Cloud accounting integration with QuickBooks, Xero, and more
• Custom workflows for industry-specific needs
• Scalable services from small business bookkeeping to CFO-level reporting

We don’t just produce reports — we deliver clarity, confidence, and financial control.

Our Core Services

Professional Accounting Services

We maintain your financial records and prepare reports that business owners and stakeholders can trust.

Includes:

• General ledger management
• Financial statement preparation (balance sheet, income statement, cash flow)
• Month-end and year-end close process
• Chart of accounts design
• Reconciliations (bank, credit card, loans)

Accurate accounting is the foundation of profitable, compliant growth.

Expert Bookkeeping Services

Day-to-day bookkeeping is essential to maintaining clean financials and supporting smart decisions.

We handle:

1. Daily transaction categorization
2. Accounts payable and receivable tracking
3. Payroll integration and support
4. Bank and credit card reconciliation
5. Sales tax and compliance tracking

Our team ensures your books are organized, up-to-date, and ready for taxes or investors.

Virtual Controller & Finance Leadership

For businesses that need strategic oversight but not a full-time CFO, our virtual controller services deliver high-level financial management at a fraction of the cost.

Virtual Controller services include:

• Financial planning and budgeting
• Cash flow forecasting and analysis
• KPI tracking and performance dashboards
• Strategic decision support
• Financial process optimization

We act as your trusted financial partner, helping you scale with clarity and control.

Specialized Support for Tax-Driven Accounting

As a CPA tax firm, we ensure that your accounting and bookkeeping directly supports:

• Tax preparation and planning
• IRS and state compliance
• Audit-ready financials
• Tax minimization strategies

Your financial records are structured not only for business insight, but also for tax efficiency and reporting precision.

Who Benefits Most from Our Services

HQ Tax’s accounting and financial services are ideal for:

• Startups and venture-backed companies
• Small and medium businesses
• Professional services firms
• Retail and eCommerce businesses
• Real estate investors
• Nonprofits

If your business has financial transactions — we can streamline them and turn them into actionable insights.

Clear, Predictable Pricing

We offer transparent service packages based on the size and complexity of your business. Before any engagement, you receive a clear proposal outlining:

• Scope of services
• Deliverables
• Frequency of reporting
• Fixed monthly or quarterly pricing

No surprises. No Ripp-Offs. Just professional support.

Get Started with HQ Tax & Financial

Transform your business’s financial management with a trusted CPA partner.

Schedule a consultation and see how our accounting, bookkeeping, and virtual controller services can:

• • • • • • • • • • • • • Improve cash flow visibility
                        • Reduce financial stress
                        • Support better decisions every day

Contact HQ Tax & Financial — your Chicago CPA firm for accounting excellence.

Accounting, Bookkeeping & Virtual Controller Services — (FAQ)

What accounting services does HQ Tax & Financial provide?
HQ Tax & Financial offers comprehensive accounting services, including general ledger management, financial statement preparation, month-end and year-end close processes, account reconciliations, and tailored reporting to support business decisions and ensure financial accuracy.

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What is the difference between accounting and bookkeeping?
Bookkeeping focuses on day-to-day transaction recording, accounts receivable/payable, and bank reconciliation, while accounting involves analyzing those records to prepare financial statements, advise on compliance, and support tax planning and strategic decisions.

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Can HQ Tax handle virtual bookkeeping for my business?
Yes. HQ Tax & Financial can manage your bookkeeping remotely using secure cloud-based accounting platforms, ensuring accurate transaction categorization, reconciliations, and up-to-date books that integrate with tax preparation and financial reporting.

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What is a virtual controller and how can it help my business?
A virtual controller provides high-level financial oversight similar to an in-house controller or CFO, including budgeting, cash flow forecasting, KPI tracking, financial process optimization, and strategic reporting — all delivered remotely without the cost of full-time staff.

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How does virtual accounting work for companies?
Virtual accounting services operate online using cloud software and encrypted communication tools. Your financial data is securely shared, transactions are processed by professionals, and reports are delivered electronically, enabling remote collaboration without on-site visits.

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What are the benefits of outsourcing bookkeeping and accounting services?
Outsourced bookkeeping and accounting provide cost savings compared to in-house hires, access to experienced professionals, scalable support as your business grows, and real-time financial insights that help with planning, tax compliance, and decision-making.

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Do these services integrate with cloud accounting software?
Yes. HQ Tax & Financial works with cloud accounting platforms such as QuickBooks Online, Odoo, Xero, and similar systems, which enable secure, real-time access to financial data for both the client and accounting team.

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How do bookkeeping and accounting services support tax preparation?
Accurate bookkeeping ensures that income, expenses, and deductions are properly recorded throughout the year, making tax preparation more efficient, reducing errors, and supporting compliance with IRS regulations.

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Who benefits most from virtual accounting and controller services?
Small and mid-sized businesses, startups, eCommerce companies, service professionals, and organizations without in-house financial teams benefit from virtual accounting and controller services because they gain expert oversight without full-time overhead.

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Is my financial data secure with virtual accounting services?
Yes. Virtual accounting and bookkeeping services use encrypted cloud platforms, secure logins, and data protection protocols to safeguard financial information, while maintaining compliance with industry standards for privacy and security.

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How do I get started with accounting or virtual controller services at HQ Tax?
To begin, contact HQ Tax & Financial to schedule a consultation. You will be guided through a secure onboarding process, document submission, and setup of cloud accounting access so your financial management can begin promptly.

Accounting services Chicago, Bookkeeping services Chicago CPA, Virtual controller services, Business accounting and financial reporting, Cloud accounting and bookkeeping, Financial leadership for small business, Profit & Loss Statement Preparation, Annual Bookkeeping

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