What does Ozfield do?
Ozfield is an independent insurance agency and a CPA practice in one office. We prepare individual and business tax returns, keep QuickBooks Online books, file payroll and sales tax, form companies, and shop personal and commercial insurance across 35+ carriers. One team keeps your tax, accounting and insurance in one file.
How long has Ozfield been in business?
Ozfield Incorporated has served clients since 2011, preparing taxes and running an independent insurance agency. Orkun Ozkaymak has been in insurance since 2004 and became a CPA in 2014. Over the years we have served 3,500+ tax clients and 2,400+ insurance clients.
Can you help me start a U.S. company if I live outside the United States?
Yes. We form your LLC or corporation in any of the 50 states or DC, with your EIN included. We can also apply for an ITIN for owners without a Social Security number, set up QuickBooks Online for your industry, and handle the yearly filings a foreign-owned company needs, including Form 5472. Company setup is $500 plus the state fee, and an ITIN is $300.
What does a foreign-owned single-member LLC have to file each year?
A U.S. LLC with one foreign owner generally files Form 5472 with a pro forma Form 1120 every year, even in a year with no income. The return is due April 15, and an extension moves it to October 15. The IRS penalty for not filing Form 5472 starts at $25,000. Our Form 5472 filing is $750.
Do you work with clients in Turkish?
Yes. Our office works with clients in Turkish and English, and Orkun Ozkaymak, CPA, MBA speaks Turkish. More than half of our clients speak Turkish, and many of the founders and families we serve prefer to talk through their taxes and coverage in Turkish.
How much does monthly bookkeeping cost?
Business accounting packages are priced by monthly transactions: Starter is $350 a month for under 30 transactions, Professional is $550 a month for 30 to 100, and Enterprise is $850 a month for over 100. Every package is reconciled every month and closed by the end of the following month. Our cost calculator builds your estimate.
Who reviews my books and tax returns?
Your books are kept in QuickBooks Online by our team, an Intuit ProAdvisor Elite tier practice, and reviewed by a CPA. Every return we e-file is reviewed and signed off by Orkun Ozkaymak, CPA, before it is filed.
What kinds of insurance can you quote?
We quote home and condo, auto, life and health, commercial, trucking and limousine, errors and omissions, workers compensation, rental property and surety bonds. As an independent agency, we compare coverage across 35+ carriers.
Do you insure new trucking authorities?
Yes. New authorities are our trucking specialty. We place coverage for carriers starting with one truck, and clients who started with us at 1 to 9 trucks have grown into fleets of 30 to 50, and our largest fleet ran 240 units. We file your BMC-91X so FMCSA can activate your authority, and as your fleet grows we keep your coverage, IFTA and Form 2290 in one office.
Do I need to come to your office?
No. You can meet us at our Des Plaines office, by phone or on video, and we serve clients nationwide. Documents go through our secure client portal.
