Flax CPA & Business Solutions
Flax CPA & Business Solutions

Flax CPA & Business Solutions

Offers remote services
Offers remote services
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Introduction: NOTE: Given the current pandemic, I am not meeting with clients in person. All tax and accounting engagements will be handled via email, phone calls, video calls, and a secure encrypted portal where you can upload your sensitive documents on a virtual basis. I am a seasoned Certified Public Accountant with an MBA in Finance and years of experience at the largest "big four" accounting and professional services firm in the world. I specialize in small businesses who need ALL of the following services: monthly accounting, business tax preparation, and tax planning. Though it's not a requirement to be a client, I also run payroll for clients as needed, depending on your business' tax structure. If your business is in need of an outsourced virtual accounting department, look no further. I am a licensed CPA in the state of Illinois and the sole owner of Flax CPA & Business Solutions. I work with a range of small to mid-size businesses on their tax and accounting needs. In regards to tax preparation and planning, I have significant experience with maximizing available tax deductions for small to mid-size businesses. For accounting and bookkeeping, I am especially skilled with Quick books and streamlining processes to create a virtual accounting department that gives owners important financial information on daily basis and keeps them compliant with the tax authorities. As my current and past clients will tell you, I stand out when it comes to quality customer service. I am quick to answer any question you have and I make sure that you have a full understanding of the reasoning behind any of my recommendations. Please check out my great reviews as my presence on Thumbtack increases. I look forward to helping you with your tax and accounting needs! Michael Flax, CPA, MBA

Hired 2 times

Background checked

1 employee

5 years in business

Payment methods

Cash, Check, Credit card, PayPal, Venmo


Customers rated this pro highly for work quality, professionalism, and responsiveness.

Exceptional 5.0

9 reviews


Read reviews that mention:

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Nikki S.
Nov 30, 2020
Michael's team has made my life easier. As a small business owner, doing my own quarterly taxes, monthly bookkeeping, and financial services on top of being mindful of my personal accounting and running a business was overwhelming. Flax CPA & Business Solutions wonderfully manages both my small business accounting and guides me through personal tax prep. I would (and do) recommend Michael and his team to all small businesses and freelancers - as well as individuals looking for accounting and tax help!
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Sheridan P.
Nov 29, 2020
Working with Flax CPA & Business Solutions exceeded my expectations. I needed assistance with my tax return and accounting and this was the best decision I made. Michael was so caring and handled my taxes and bookkeeping with ease. He took the time to explain the process so there were no surprises along the way. I've already recommended him to many people and plan on utilizing his services going forward!
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Ron F.
Nov 27, 2020
Michael helped me with my initial questions about how to set up the accounting for my small business. I loved working with him and now I use him for my personal and business taxes every year. Very easy to talk to.
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Jake A.
Nov 30, 2020
Working with Flax CPA & Business Solutions was great! Michael was professional and knowledgeable, and the ability to work with him remotely made everything easy.
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Clara W.
Nov 30, 2020
Michael has helped me with personal tax matters and recently with early ideation for a potential new venture. I eagerly refer folks in my network to Michael for a wide range of services - especially since he does work across the country. He is a thorough and truly thoughtful professional with real attention to detail while always keeping in mind your mission and long term strategy.
Background Check

Michael Flax


  • What should the customer know about your pricing (e.g., discounts, fees)?

    The most important thing to understand is that paying a couple of hundred dollars more for a true professional can save you thousands of dollars in taxes. A certified public accountant heavily experienced in taxation will be able to provide far more value than an enrolled agent or other tax preparer with no certification. Our services are bundled into a fixed monthly fee. On our initial phone call, we will walk through a list of questions and I will provide a fee and an engagement letter based on those questions during the call.

  • What is your typical process for working with a new customer?

    I start by establishing the relationship with a simple consultation to learn more about you and/or your business' financial situation and understand the best ways I can help you. For accounting and bookkeeping, I start by getting your books up-to-date using information from your bank statements. On a monthly basis thereafter, I will reconcile your bank accounts with your payables and receivables. I then provide month-end reports that are specific to your industry and reflect the information that you need most. Any suggested adjustments to the accounting process will be discussed and explained before they are implemented. For tax preparation and planning, I will review prior-year documents and promptly let you know if additional information is needed. Once the returns are completed, I will send them to you with the e-file signature pages via the secure portal for you to review and ask any questions. Once you are satisfied, I will e-file the federal and state tax returns and confirm with you once they have been accepted by the IRS and state authorities.

  • What education and/or training do you have that relates to your work?

    My experience and training comes from my time as a Senior Tax Consultant at Deloitte, the largest professional services firm in the world. I am a licensed CPA in the state of Illinois (with an average exam score 96%). I have an undergraduate degree in Accounting and I have an MBA degree in Finance where I learned about small to mid-size business best practices.

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