Patsavas & Patsavas, Ltd., CPAs is a full-service accounting firm serving clients throughout the greater Chicago area since 1980, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs. On this website, you will find information about Patsavas & Patsavas, Ltd., CPAs, including our list of services.

We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites.

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About Us Report

Since 1980, Patsavas & Patsavas, Ltd., CPAs has been providing quality, personalized financial guidance to local individuals and businesses. Patsavas & Patsavas, Ltd., CPAs's expertise ranges from basic tax management and accounting and payroll services to more in-depth services such as financial statements and financial planning.

Services Report

Patsavas & Patsavas, Ltd., CPAs provides a wide range of services to individuals and businesses in a variety of industries. At Patsavas & Patsavas, Ltd., CPAs, we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

IL SALT CAP Workaround Report

As you know, the Tax Cuts and Jobs Act of 2017 limited the deduction for State and Local Taxes (SALT) on personal income tax returns to $10,000. This includes real estate taxes as well as state income taxes. For taxpayers with a SALT total greater than $10,000, this can result in the loss of some deduction if the total itemized deductions would have been greater than the standard deduction.

IL Harassment Law Report

The Illinois Department of Human Rights (IDHR) was charged by Public Act 101-0221 (commonly referred to as the Workplace Transparency Act) to develop and release a model Sexual Harassment Prevention Training program for Illinois employers. The release of IDHR's model sexual harassment prevention training is a major step in ensuring that every working person in Illinois understands the seriousness of sexual harassment. I urge all Illinois employers - small businesses and major corporations alike - to use this resource.

Lisa Hunt

Dec 26, 2020

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It doesn't get much better than this! Patsavas & Patsavas is always professional, meticulous and prompt. I never have to worry about a thing because I know I'm in great hands. If you're looking for the best in the biz, I highly recommend Patsavas & Patsavas.

Victoria Valcarcel

May 26, 2020

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Very professional and thorough. Always do a good job. Very happy with their services.