Tax Preparation, Accounting & Bookkeeping in Olympia Fields, IL
Your local tax and accounting office on Governors Drive. We help South Suburbs families, business owners and nonprofits file accurately, keep clean books and stay ahead of the IRS, all year long.
★★★★★ 5.0 · 100+ reviewsHeard & Associates, Olympia Fields
A local tax and accounting team for Olympia Fields and the South Suburbs
Heard & Associates LLC serves Olympia Fields from our office at 20200 Governors Drive. We prepare individual and business tax returns, handle bookkeeping and payroll, and help clients respond to the IRS and the Illinois Department of Revenue.
Most of our Olympia Fields clients are homeowners, retirees, commuters and owner-operated businesses. Their returns usually involve the same things: Cook County property taxes, retirement income, income earned outside Illinois or a small business that needs clean books.
You can meet us in person on Governors Drive, at our Chicago office in Hyde Park, or work with us entirely online through our secure document portal.
Why Olympia Fields chooses us
- Rated 5.0 by 100+ clientsFast replies, clear explanations and a stress-free process.
- A real local officeMinutes from Lincoln Highway, Vollmer Road and I-57.
- Help all yearPlanning, notices and bookkeeping don’t stop in April, and neither do we.
- Everything explainedWe walk you through your return before anything is filed.
- Black-owned and founder-ledA Black-owned tax and accounting firm committed to the South Suburbs community.
Tax, accounting and bookkeeping services
Everything a household or small business in Olympia Fields needs, handled by one local team.
Tax Preparation in Olympia Fields
Federal and Illinois returns for individuals, couples, retirees and every type of business entity, reviewed for every deduction and credit you qualify for.
IRS Notices & Tax Problems
Received a letter, behind on filing or need to fix a past return? We sort out the history and deal with the IRS and IDOR for you.
Bookkeeping
Monthly bookkeeping and reconciliations for South Suburbs businesses, plus cleanup when the books have fallen behind.
Payroll & Sales Tax
Payroll processing, quarterly payroll filings and Illinois sales tax returns handled on schedule so penalties never land.
Business Formation
Starting a business in Olympia Fields or nearby? Choose the right structure and get your EIN, Illinois registrations and books set up correctly.
Tax Planning & Advisory
Year-round planning for business owners, high earners and retirees, including trust and estate returns and multistate income.
Tax and accounting for Olympia Fields businesses
From medical practices and contractors to restaurants, creators and nonprofits, we know the deductions, filings and bookkeeping each industry needs.
Tax situations we see often in Olympia Fields
Living in Cook County’s South Suburbs comes with a few tax details that are easy to miss. These are the ones we check on almost every local return.
Cook County property taxes
Property taxes are one of the biggest expenses for Olympia Fields homeowners. Illinois gives a property tax credit on the IL-1040 for taxes paid on your main home, subject to income limits.
We also look at whether itemizing beats the standard deduction once the federal SALT cap is applied. Learn more about our individual tax preparation.
Retirees and retirement income
Illinois does not tax most retirement income, including Social Security, qualified pensions and most IRA and 401(k) distributions. Federal tax still applies.
For retirees, we review withholding, required distributions and estimated payments so there are no surprises in April. Our tax planning service covers this year-round.
Working across the Indiana line
Many South Suburbs residents work in Northwest Indiana. Illinois has no reciprocal tax agreement with Indiana, so you usually file an Indiana nonresident return and claim a credit on your Illinois return.
Getting the credit right avoids paying tax twice on the same wages. We handle multistate returns every season.
Small businesses and the self-employed
Owner-operators along Lincoln Highway and Governors Highway juggle quarterly estimates, payroll filings and Illinois sales tax, which is due by the 20th for monthly filers.
Our monthly bookkeeping and sales tax filing keep those deadlines covered, and our self-employed tax services help freelancers plan for their quarterly payments.
General information for planning only. Your own situation determines what applies, which is what your consultation is for.
Rated 5.0 by 100+ clients on Google
Clients across Olympia Fields, Chicago and the South Suburbs mention the same things: quick responses, patient explanations and a stress-free tax season.
Olympia Fields and neighboring South Suburbs
Our Governors Drive office is an easy drive from across Bloom and Rich townships. Clients regularly come to us from these communities, and we work virtually with anyone farther away.
Getting to our office
- Address: 20200 Governors Dr, Olympia Fields, IL 60461
- By car: a short drive from Lincoln Highway (US-30), Vollmer Road and I-57.
- By Metra: the Metra Electric line stops at Olympia Fields (203rd Street) and 211th Street (Lincoln Highway).
- Call first: (773) 970-9112 so we can have your file ready when you arrive.
Getting started takes one conversation
Call or book online
Tell us what you need: a return, caught-up books, payroll or an IRS letter.
Share your documents
Drop them off on Governors Drive or upload them through our secure portal.
We prepare and review
Your file is prepared, double-checked and explained to you in plain language.
File and plan ahead
We file, confirm acceptance and stay available for questions all year.
Olympia Fields tax and accounting questions
Where is your Olympia Fields office?
Our office is at 20200 Governors Dr, Olympia Fields, IL 60461. You can reach it easily from Lincoln Highway, Vollmer Road and I-57. Call (773) 970-9112 before you come in so your file is ready.
What tax services do you offer in Olympia Fields?
We prepare individual and business tax returns, handle IRS and Illinois notices, file unfiled and amended returns, and provide bookkeeping, payroll, sales tax filing, business formation and year-round tax planning.
Do you work with clients in nearby towns?
Yes. We serve Olympia Fields along with Matteson, Flossmoor, Chicago Heights, Park Forest, Richton Park, Country Club Hills, Homewood, Tinley Park, Frankfort and other South Suburbs, plus clients anywhere in the U.S. virtually.
Can I work with you without coming into the office?
Yes. Many clients upload documents through our secure portal, sign electronically and meet by phone or video. You are always welcome to stop by Governors Drive if you prefer meeting in person.
I live in Illinois but work in Indiana. Can you help?
Yes. Illinois has no reciprocal agreement with Indiana, so most people in that situation file an Indiana nonresident return and claim a credit on the Illinois return. We prepare both so you are not taxed twice on the same income.
Do you help with IRS letters and back taxes?
Yes. Send us a copy of the notice and we will explain what it means, prepare any missing or corrected returns, and communicate with the IRS or Illinois Department of Revenue on your behalf.
Ready to work with a local Olympia Fields tax team?
Call our Governors Drive office or book a consultation online. We’ll take it from there.