What services does DWK Tax & Accounting offer?

DWK Tax & Accounting offers tax preparation and planning, bookkeeping, accounting, business advisory, and outsourced CFO services for individuals and small businesses in Wheaton, IL and DuPage County.

Where is DWK Tax & Accounting located?

DWK Tax & Accounting is based in Wheaton, Illinois, serving clients throughout DuPage County including Naperville, Glen Ellyn, Lisle, Downers Grove, and the greater Chicago suburbs.

Do you work with small businesses?

Yes. DWK Tax & Accounting specializes in serving small business owners, entrepreneurs, and growing companies who need more than basic tax compliance, including strategic advisory and fractional CFO support.

How do I schedule a consultation?

You can schedule a consultation by visiting https://dwkcpa.com/contact, calling (708) 369-0044, or emailing david@dwktaxaccounting.com.

Should I form an LLC or S corp as a consultant?

As a sole proprietor consultant, every dollar of profit is subject to self-employment tax (15.3%). Once your net profit consistently exceeds roughly $60,000-$80,000, electing S corp taxation can save thousands by splitting income into a reasonable salary (subject to payroll tax) and distributions (not subject to self-employment tax). We analyze your numbers and handle the election and required payroll.

Can I deduct home office expenses as a consultant?

Yes. If you use a portion of your home regularly and exclusively for business, you can deduct a percentage of rent, utilities, insurance, and depreciation. The simplified method ($5/sq ft up to 300 sq ft) is easy, but the actual expense method often yields a larger deduction. We calculate both and use the method that benefits you most.

How do I handle quarterly estimated tax payments?

As a consultant, taxes are not withheld from your income, you must make quarterly estimated payments to the IRS and Illinois to cover your income and self-employment tax liability. We calculate your quarterly payments based on your projected annual income, adjusting throughout the year as your earnings fluctuate, so you avoid underpayment penalties without overpaying.

What travel and meal deductions can consultants claim?

Business travel, flights, hotels, ground transportation, and 50% of meals while traveling for business, is deductible when the primary purpose of the trip is business. Local business meals with clients or prospects are 50% deductible. The key is documentation: date, amount, business purpose, and attendees. We ensure your deductions are claimed correctly and backed by proper records.

Do you work with 1099 contractors and freelancers?

Yes. We serve independent contractors, freelancers, gig workers, and self-employed professionals across all industries. Whether you are a marketing consultant, IT contractor, designer, or coach, we provide the tax preparation, bookkeeping, and tax planning that self-employed professionals need to minimize taxes and stay compliant.

Consultants

Consultant CPA & Accounting in Wheaton, IL

Independent consultants, freelancers, and self-employed professionals face a tax system designed for W-2 employees, meaning deductions are missed, self-employment tax is overpaid, and quarterly payments are skipped until penalties arrive. DWK Tax & Accounting provides CPA services to consultants across Wheaton and DuPage County, implementing S corp elections that save thousands, capturing every home office and travel deduction, and ensuring quarterly taxes are calculated and paid on time.

What We Handle for Consultants

S corp election and payroll setup

Home office deduction calculation

Travel and meal expense tracking and deduction

Quarterly estimated tax payment calculation

Self-employment tax reduction strategy

QBI deduction optimization

Retirement plan setup (SEP, Solo 401k)

Schedule C or S corp tax preparation

Business and personal tax preparation

QuickBooks setup for sole proprietors

Stop Overpaying as a 1099

The biggest tax mistake consultants make is remaining a sole proprietor when their income justifies an S corp election. At $80,000 in profit, the self-employment tax savings from an S corp can exceed $3,000 per year, and the savings grow as income grows. Yet many consultants never make the election because no one told them it was an option.

David Korzeniowski, CPA evaluates your income, implements the S corp election when it makes sense, sets up the required payroll, and captures every deduction available to self-employed professionals, from home office to retirement contributions to travel expenses.

Related Services

S Corp Tax Preparation LLC Tax Preparation Tax Planning & Strategy Individual Tax Preparation Tax Consulting

Serving DuPage County

CPA in Wheaton, IL CPA Serving Naperville, IL CPA Serving Downers Grove, IL

Why Choose DWK

A CPA Partner Who Invests in Your Success

Business owners choose DWK Tax & Accounting because they get direct access to a licensed CPA who understands their industry, their goals, and their numbers, not a revolving door of staff.

Licensed Illinois CPA

David Korzeniowski is a licensed Certified Public Accountant in the State of Illinois, not a seasonal tax preparer or a software dashboard. Every return is prepared and reviewed by a CPA who is accountable for accuracy and compliance.

Small Business Experience

8+ years working with contractors, restaurants, medical practices, law firms, e-commerce, real estate investors, and consultants across DuPage County. Industry-specific knowledge means better deductions and fewer surprises.

Year-Round Support

Tax strategy doesn't stop in April. David is available throughout the year for questions, planning conversations, and proactive adjustments, not just at filing season.

Proactive Tax Strategy

We plan ahead. Entity structure, timing, retirement contributions, and quarterly estimates are reviewed continuously so you keep more of what you earn, legally and strategically.

Personalized Planning

Every business is different. Recommendations are built around your specific circumstances, goals, and growth plans, never a generic template or a one-size-fits-all checklist.

Local & Accessible

Based in Wheaton, serving DuPage County and the western suburbs. You can call, email, or meet in person. No call centers, no overseas outsourcing, no account handoffs.

Meet David Korzeniowski, CPA Read Client Reviews View Success Stories

Frequently Asked Questions

S Corp vs LLC in Illinois When to Elect S Corp Status Do I Need Quarterly Tax Payments

Ready to Get Started

Take Control of Your Financial Future

Whether you need strategic tax planning, business advisory, or CFO-level financial leadership, DWK Tax & Accounting is ready to serve as a dedicated financial partner for your business.