George W. Brown, Jr. and GWB & ASSOCIATES

GWB & ASSOCIATES was founded in 1991 by George W. Brown Jr., an Enrolled Agent, Accounting Professional and Business Advisor, with over 30 years of financial service management.

The firm maintains extremely high-quality standards and has established a reputation for expertise in helping clients make and save money. At GWB & ASSOCIATES, we are excited about the opportunity to serve as your most trusted advisor and about finding creative ways to assist in consistently reducing your taxes, increasing your revenues and improving your bottom line.

• Clients have an experienced team they can call any time for advice or assistance on any tax, business or accounting issue.
• Clients have a dedicated firm that serves as an honest advisor that is frank, open- minded and committed to addressing all of their financial concerns.
• Clients work with a team that can be trusted.
• Clients are our main priority.

                  What we know and why using GWB & ASSOCIATES is the right decision

 A message from George W. Brown, Jr.

As one of the largest cities in the United States, Chicago has a unique business environment that can impact how businesses are taxed. Here are a few key factors that can influence the taxation of businesses in Chicago:

1. Sales Tax: Chicago has one of the highest combined sales tax rates in the United States, which can impact businesses that sell products or services in the city. The current sales tax rate in Chicago is 10.25%, which includes a state sales tax of 6.25% and a local sales tax of 4%.
2. Property Tax: Property taxes in Chicago can also be relatively high, particularly for commercial properties. The amount of property tax that a business must pay in Chicago is based on the assessed value of the property, which is determined by the Cook County Assessor's office.
3. Business Taxes: In addition to sales and property taxes, businesses in Chicago may be subject to other taxes and fees, such as the Chicago Business License Tax and the Chicago Personal Property Lease Transaction Tax. These taxes can vary depending on the type of business and the industry in which it operates.
4. Tax Incentives: To encourage economic development and job creation, the City of Chicago and the State of Illinois offer a variety of tax incentives to businesses. These incentives can include tax credits, tax exemptions, and other financial incentives that can help offset some of the costs of doing business in Chicago.

Overall, the business environment in Chicago can be challenging from a tax perspective, particularly for businesses that are subject to high sales or property taxes. However, the city also offers a range of tax incentives and other benefits to businesses that can help offset these costs and encourage economic growth. At GWB & ASSOCIATES, we are keenly aware of the complex environment that we live in which is why engaging GWB & ASSOCIATES is the right decision.

The amount of training that a tax preparer at a retail tax service like H&R Block receives before they are allowed to prepare tax returns can vary depending on the specific role and level of experience of the individual. However, in general, tax preparers at H&R Block are required to complete a comprehensive training program that includes both classroom and online instruction.

New tax preparers at H&R Block typically start with a basic training course, which covers the fundamentals of tax preparation, including tax law, tax forms, and tax software. This training may take several weeks and includes both online and classroom instruction. After completing the basic training, tax preparers may receive additional training on specific tax topics or advanced tax preparation techniques.

The preparation to become an enrolled agent typically involves a combination of education, work experience, and passing a comprehensive exam administered by the Internal Revenue Service (IRS). The length of time it takes to become an enrolled agent can vary depending on the individual's prior experience and the amount of time they are able to commit to studying for the exam.

Here is an overview of the steps required to become an enrolled agent and the time it may take to complete each step:

1. Meet the eligibility requirements: To become an enrolled agent, an individual must have either worked for the IRS for at least five years in a position that regularly interpreted and applied tax law, or have completed a recognized tax preparation program. This step can take several years depending on an individual's work experience or the length of the tax preparation program.
2. Study for the enrolled agent exam: The enrolled agent exam consists of three parts: individuals, businesses, and representation, practice, and procedures. The exam covers a wide range of tax topics and can be challenging. Studying for the exam can take several months of dedicated study time, depending on the individual's prior knowledge and experience.
3. Pass the enrolled agent exam: The enrolled agent exam is a comprehensive exam administered by the IRS. It consists of three parts, each with 100 multiple-choice questions. Each part is taken separately, and the passing score for each part is 70%. The exam can be taken throughout the year at various testing centers.

Overall, the preparation to become an enrolled agent can take several years of work experience or a recognized tax preparation program, several months of dedicated study time, and passing a comprehensive exam. The total length of time to become an enrolled agent can vary depending on the individual's prior experience and the amount of time they are able to commit to studying for the exam.

• Located in Chicago with easy access to I94 and I57
• High Tech Meeting Room for Board Meetings, Video Conferences and Face-to-Face Conferences
• IT Technology with Wifi and Printing

Ask about rates to use shared or permanent office space. 

Perfect for startups. Call for office space rental rates 773.336.5722.

Our Promise

We provide you, the business owner, with the quality time and attention that your business deserves, enabling you to spend your valuable time GROWING your business, with the peace of mind of knowing that GWB & ASSOCIATES is on your side. 

Pay the lowest Legal Tax

We specialize in the best tax reduction practices that will help drive revenue and improve your bottom line. Schedule a FREE consultation so we can get you started on the right track.