Gorenz and Associates, Ltd. is a full-service accounting firm serving clients throughout the Peoria, Illinois area, 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 Gorenz and Associates, Ltd., 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, news and links to other useful sites.

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Firm Profile

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Gorenz and Associates, Ltd. was established in the 1950's by Leo Gorenz, Jr. Our firm's rapid growth was a direct result of Mr. Gorenz's integrity and strong passion for providing quality customer service. The four active partners continue to strive for the excellence known as our firm's trademark.

Services

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Gorenz and Associates, Ltd. provides a wide range of services to individuals and businesses in a variety of industries. At Gorenz and Associates, Ltd., 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.

Careers

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If you are a recent graduate or have had some experience in accounting, this may be a great opportunity for you. The position is ideal for the individual looking to get broad exposure to personal, partnership, and corporate tax returns, audits, reviews, compilations, payroll, and bookkeeping. A successful staff accountant excels in an environment of continuous improvement; researching, applying, and sharing information at a fast pace. Experience in preparation of individual and business tax returns - preferred, but not required.

Business

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Have you just started a new business? Did you know expenses incurred before a business begins operations are not allowed as current deductions? Generally, these start up costs must be amortized over a period of 180 months beginning in the month in which the business begins. However, based on the current tax provisions, you may elect to deduct up to $5,000 of business start-up and $5,000 of organizational costs paid or incurred. The $5,000 deduction is reduced by any start-up or organizational costs which exceed $50,000.

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