What we see in Burr Ridge
Burr Ridge spans DuPage and Cook counties at the I-55 and I-294 junction. It combines large-lot residential neighbourhoods with corporate offices, medical buildings and the Burr Ridge Village Center. Residents are disproportionately business owners and executives.
Many Burr Ridge clients own an operating company and the real estate it occupies, often in separate entities. Structuring rent between them, planning for an eventual sale and keeping the Illinois estate tax in view are typical conversations.
Burr Ridge clients we work with most
Business owners
Pass-through planning, the PTE election, owner compensation and a CFO-level monthly view of the company.
Owners of business real estate
Separate real estate entities, market-rate rent, cost segregation and the passive activity rules.
Medical practices
Practice books, receivables and retirement plan design for physician owners.
The tax issues that actually come up in Burr Ridge
These are the questions Burr Ridge owners and households bring to Net Cash Pro most often. Several are Illinois-specific, which is exactly where national tax software and out-of-state preparers tend to get things wrong.
Owning your building in a separate entity
Holding the business property in its own LLC protects it from operating liabilities and creates flexibility at sale. The business pays rent, which must be at market rate, and the rental income is generally passive unless grouped with the business. The structure has real tax consequences and should be designed, not inherited.
Two counties, two assessment systems
Part of this community sits in Cook County and part in DuPage, and the two assess property differently. Cook reassesses on a three-year cycle and assesses residential property at 10% of market value, while DuPage assesses at one-third through township assessors. If you own property on both sides, or are buying, the appeal process and timing differ, and so does the tax bill that lands on Schedule E.
Planning for the sale of a business
The structure of a sale, assets versus stock, and how the price is allocated, can move the tax bill substantially. Owners who plan two to three years ahead can clean up the books, document earnings and position the business for a better price and a better after-tax result.
The Illinois estate tax threshold
Illinois imposes its own estate tax with a $4 million exemption that is not portable between spouses and is far lower than the federal exemption. A DuPage household with a paid-off home, retirement accounts and a business interest can cross it without feeling wealthy. Lifetime gifting and how assets are titled need planning while both spouses are alive.
Flat fees, published up front
Net Cash Pro does not bill hourly. Burr Ridge clients get a fixed price before any work starts, so a question in September does not turn into an invoice.
Federal + Illinois, e-filed
single-member LLC return
partnership return
starting price
Controller / CFO advisory starts at $1,995/month and includes everything in bookkeeping plus a monthly financial Scoreboard and Action Plan. See full pricing →
Frequently asked
Do you work with business owners selling their company?
Yes. Net Cash Pro helps prepare clean financial statements, models the after-tax result of different sale structures and coordinates with your M&A adviser and attorney.
Burr Ridge is partly in Cook County. Does that affect my taxes?
It affects property tax, because Cook and DuPage assess and bill differently, and it can affect local sales tax. Illinois income tax is the same on both sides.
How much does a tax preparer cost in Burr Ridge, IL?
Net Cash Pro charges flat fees rather than hourly rates: $225 for a personal federal and Illinois return, $550 for a sole proprietor or single-member LLC, and $850 for an S-Corp, C-Corp or partnership. Monthly bookkeeping starts at $495 and Controller/CFO advisory at $1,995. Burr Ridge clients get the price in writing before any work starts.
Do Burr Ridge clients have to come to the office?
No. The Net Cash Pro office at 722 Huntington Dr, Carol Stream is about 30 minutes from Burr Ridge, and in-person meetings are available by appointment. Many Burr Ridge clients upload documents securely and meet by phone or video instead.
Talk to an Enrolled Agent about your Burr Ridge business
The first 30-minute consultation is free. Bring last year's return and we will tell you plainly whether there is money being left on the table.