Top 10 Accounting Firms in Chicago

Chicago serves as the economic powerhouse of the Midwest and boasts a robust accounting industry catering to diverse business needs across the region. 

As the business landscape grows increasingly complex, companies in Chicago depend on local accounting firms for expertise in navigating financial challenges, ensuring regulatory compliance, and driving growth. 

Chicago's accounting market features a mix of large international firms, regional players, and specialized boutique practices. Data from the Federal Reserve Bank of St. Louis indicates that the city's per capita personal income consistently surpasses the national average, reflecting a strong demand for high-quality financial services.

This article examines the top accounting firms in Chicago distinguished by their industry expertise, range of services, and dedication to delivering exceptional value to clients. Whether a startup seeking bookkeeping support or a multinational corporation in need of complex tax planning, these firms provide local knowledge and global resources to help your business thrive.

Quick glance list and comparison table

Firm Name	Core Focus	Key Services	Best For
Cherry Bekaert	Advisory and Audit	Tax Planning, Audit Services, Advisory Services	Mid-sized businesses
Mowery & Schoenfeld	Comprehensive CPA	Tax Services, Business Consulting, Wealth Management	Large enterprises
Selden Fox	Tax and Consulting	Audit Services, Tax Planning, Consulting	High net-worth individuals
Porte Brown	Full Service	Tax Services, Audit, Business Consulting	Small to medium businesses
Warady & Davis	Comprehensive Solutions	Audit, Tax, Consulting, Wealth Management	Privately-held businesses
KRD, Ltd.	Wealth Planning	Financial Planning, Assurance, Tax Services	Diverse industry sectors
Miller Cooper	Middle Market	Tax Services, Audit, Due Diligence	Entrepreneurial ventures
John Griffin CPA	Local Expertise	Bookkeeping, Tax Services, Accounting	Small businesses
ORBA	Full-service Solutions	Audit, Tax, Consulting	Large organizations
Odoni Partners	Tax and Accounting	Tax Preparation, Business Consulting, Accounting	Individuals and businesses

 

Comparing the 10 best accounting firms in Chicago

1.Cherry Bekaert

Cherry Bekaert, with a strong presence in Chicago, Illinois, focuses on providing advisory, tax, and audit services tailored to mid-sized businesses. The firm stands out with its commitment to delivering industry-specific insights and solutions. Cherry Bekaert's Chicago office features state-of-the-art facilities that foster a collaborative environment for client engagements. The firm emphasizes a comprehensive approach to problem-solving, ensuring that businesses in the region remain competitive.

Key services

• Tax Planning: Strategic tax reduction strategies aligned with Chicago regulations
• Audit Services: Independent verification meeting Illinois compliance standards
• Advisory Services: Expert guidance for Chicago business growth
• Risk Management: Proactive identification and mitigation of regional risks
• Transaction Advisory: Support for mergers and acquisitions in the Chicago market
• Wealth Management: Custom solutions for high-net-worth individuals in Illinois

Industry certifications and compliance

Cherry Bekaert holds certifications from leading accounting bodies, ensuring compliance with state and federal regulations relevant to Illinois.

Pros

• Strong local expertise
• Diverse service offerings
• High client satisfaction
• Robust industry insights

Cons

• Higher price point for premium services
• Limited to mid-sized business focus
• May not cater to niche industries
• Some services may be outsourced

Pricing Details

• Entry-level services: Starting at $1,000/month
• Mid-tier packages: $3,000-$5,000/month
• Premium solutions: Custom pricing
• Region-specific pricing available upon request

Best For

Mid-sized businesses seeking comprehensive advisory and audit services in Chicago.

 

2. Mowery & Schoenfeld

Mowery & Schoenfeld is recognized as a top CPA firm in Illinois, serving the Chicago area with a range of comprehensive accounting services. Their unique approach combines deep financial expertise with a personalized client experience. Located strategically in the Chicago region, they leverage local insights to provide tailored solutions that drive business success.

Key services

• Tax Services: Comprehensive tax compliance and planning for Chicago businesses
• Business Consulting: Strategic advice for enterprise growth in Illinois
• Wealth Management: Customized financial planning for high-net-worth individuals
• Audit and Assurance: Rigorous audits meeting Chicago standards
• Succession Planning: Guidance for business continuity in the Chicago area
• Outsourced CFO Services: Financial leadership for growing businesses in Illinois

Industry certifications and compliance

The firm is accredited by numerous accounting organizations, ensuring adherence to the latest Illinois state and federal guidelines.

Pros

• Extensive industry experience
• Personalized client service
• Strong Illinois market presence
• Comprehensive service range

Cons

• Higher fees compared to smaller firms
• Focus on larger enterprises
• Limited services for startups
• Potential wait times for consultations

Pricing details

• Entry-level services: $1,500/month
• Mid-tier packages: $4,000-$6,000/month
• Premium solutions: Tailored quotes
• Region-specific pricing available

Best for

Large enterprises requiring comprehensive CPA services in the Chicago area.

 

3. Selden Fox

 

Selden Fox serves the Chicago region with a focus on tax and consulting services, particularly for high-net-worth individuals. Their expertise in the local market allows them to offer tailored strategies that align with client goals. Located centrally in Chicago, they provide easy access to leading financial solutions.

Key services

• Audit Services: Detailed audits ensuring compliance with Chicago standards
• Tax Planning: Personalized strategies for tax efficiency in Illinois
• Consulting Services: Business process improvement tailored to Chicago firms
• Financial Reporting: Accurate financial insights for decision-making in Illinois
• Estate Planning: Comprehensive wealth preservation strategies
• Risk Advisory: Identifying and mitigating business risks in the Chicago area

Industry certifications and compliance

Selden Fox is compliant with all major industry standards and holds certifications for audit and tax services in Illinois.

Pros

• High level of personalization
• Expertise in complex tax issues
• Strong focus on client relationships
• Local market expertise

Cons

• Limited focus on small businesses
• Premium pricing for consultancy
• Niche service offerings
• Limited global reach

Pricing details

• Entry-level services: $2,000/month
• Mid-tier packages: $5,000-$7,000/month
• Premium solutions: Custom pricing
• Region-specific pricing for high-net-worth individuals

Best for

High net-worth individuals looking for expert tax and consulting services in Chicago.

 

4. Porte Brown

 

Porte Brown is a full-service accounting and consulting firm located in Elk Grove Village, a suburb of Chicago, Illinois. Their commitment to providing high-quality services is evident through their comprehensive offerings tailored to small and medium-sized businesses. Their strategic location allows them to effectively service clients throughout the Chicago area.

Key services

• Tax Services: Comprehensive tax planning and compliance for Chicago businesses
• Audit Services: Independent audits ensuring compliance with Illinois standards
• Business Consulting: Tailored strategies for business growth in Chicago
• IT Consulting: Technology solutions enhancing business operations in Illinois
• Retirement Planning: Customized retirement strategies for businesses and individuals
• HR Solutions: Comprehensive human resource management services

Industry certifications and compliance

Porte Brown maintains rigorous compliance with industry standards and holds relevant certifications for practice in Illinois.

Pros

• Wide range of services
• Dedicated to small and medium enterprises
• Strong community involvement
• Experienced professionals

Cons

• Limited focus on large enterprises
• Services may be more expensive than smaller firms
• Geographical focus may limit client base
• Some services may be less comprehensive

Pricing details

• Entry-level services: $1,200/month
• Mid-tier packages: $3,500-$5,500/month
• Premium solutions: Tailored pricing
• Region-specific pricing available

Best for

Small to medium businesses seeking comprehensive accounting and consulting services in Chicago.

 

5. Warady & Davis

 

Warady & Davis, LLP offers a complete suite of audit, accounting, tax, and consulting services to privately-held businesses in the Chicago, Illinois area. Their focus is on delivering solutions that enhance business performance while ensuring compliance with local regulations. Their office in Chicago is well-equipped to handle the diverse needs of the region's business community.

Key services

• Audit Services: Comprehensive audits meeting Chicago compliance standards
• Tax Services: Strategic tax planning and compliance for Illinois businesses
• Consulting Services: Business strategy and operational improvement in Chicago
• Wealth Management: Personalized wealth and estate planning
• Forensic Accounting: Investigative services for financial disputes
• International Tax Services: Guidance for global operations based in Chicago

Industry certifications and compliance

The firm is recognized by top accounting bodies, ensuring compliance with both state and national regulations.

Pros

• Broad service offerings
• Focus on privately-held businesses
• Strong client relationships
• Experienced team

Cons

• Higher costs for specialized services
• Limited global presence
• Focus mainly on private companies
• Some services may be outsourced

Pricing details

• Entry-level services: $1,800/month
• Mid-tier packages: $4,000-$6,500/month
• Premium solutions: Customized quotes
• Region-specific pricing available

Best for

Privately-held businesses looking for comprehensive solutions in the Chicago area.

 

6. KRD, Ltd.

 

KRD, Ltd. specializes in financial and wealth planning, serving a diverse range of industries in the Chicago area. Their team of professionals is committed to providing tailored solutions that help clients achieve financial success. Located conveniently in Chicago, they offer services that are both accessible and customized to regional needs.

Key services

• Financial Planning: Comprehensive financial strategies for Chicago clients
• Assurance Services: Independent assurance for Illinois businesses
• Tax Services: Efficient tax strategies and compliance in Chicago
• Consulting Services: Business advisory for growth and efficiency
• Outsourced Accounting: Flexible solutions for regional businesses
• Business Valuation: Accurate valuation for mergers and acquisitions

Industry certifications and compliance

KRD, Ltd. is certified by leading accounting organizations, ensuring adherence to the latest regulations in Illinois.

Pros

• Strong focus on financial planning
• Specialized industry knowledge
• Flexible service offerings
• High client satisfaction

Cons

• Limited focus on large enterprises
• Premium pricing for certain services
• Limited global reach
• May require additional resources for complex needs

Pricing details

• Entry-level services: $1,200/month
• Mid-tier packages: $3,000-$5,000/month
• Premium solutions: Custom pricing
• Region-specific pricing available

Best for

Diverse industry sectors seeking comprehensive financial planning and assurance services in Chicago.

 

7. Miller Cooper

 

Miller Cooper, the 10th largest accounting firm in the Chicago area, serves entrepreneurial and middle-market clients with a strong focus on personalized service. Their location in the heart of Chicago enables them to deliver solutions that cater specifically to the needs of local businesses. They pride themselves on providing innovative strategies that drive growth and efficiency.

Key services

• Tax Services: Comprehensive tax compliance and planning for Chicago businesses
• Audit Services: In-depth audits ensuring compliance with Illinois standards
• Due Diligence: Thorough financial analysis for mergers and acquisitions
• Advisory Services: Strategic advice for business growth in Chicago
• Employee Benefit Plans: Design and management of benefit programs
• Real Estate Consulting: Expert advice for real estate investments in Illinois

Industry certifications and compliance

Miller Cooper is compliant with all major industry standards and holds certifications for audit and tax services in Illinois.

Pros

• Extensive local experience
• Strong focus on middle-market clients
• Comprehensive service offerings
• High client satisfaction

Cons

• Premium pricing for certain services
• Limited focus on large enterprises
• Some niche services may be outsourced
• May not cater to startups

Pricing details

• Entry-level services: $1,500/month
• Mid-tier packages: $4,000-$6,000/month
• Premium solutions: Tailored quotes
• Region-specific pricing available

Best for

Entrepreneurial ventures and middle-market clients seeking comprehensive accounting solutions in Chicago.

 

8. John Griffin CPA

 

John Joseph Griffin, CPA, P.C. offers a range of accounting, bookkeeping, and tax services in the Chicago area. They are known for their local expertise and personalized service, making them a popular choice among small businesses. Conveniently located in Chicago, they provide services tailored to meet the specific needs of local clients.

Key services

• Bookkeeping Services: Accurate and timely bookkeeping for Chicago businesses
• Tax Services: Comprehensive tax preparation and planning in Illinois
• Accounting Services: Customized accounting solutions for small businesses
• Payroll Services: Efficient payroll processing and compliance
• Financial Reporting: Detailed financial reports for informed decision-making
• Business Consulting: Strategic advice for business growth in Chicago

Industry certifications and compliance

The firm is recognized by top accounting bodies, ensuring compliance with both state and national regulations.

Pros

• Strong local presence
• Personalized client service
• Competitive pricing
• High client satisfaction

Cons

• Limited focus on large enterprises
• Smaller service range
• Limited global reach
• Some services may be outsourced

Pricing details

• Entry-level services: $800/month
• Mid-tier packages: $2,500-$4,000/month
• Premium solutions: Customized quotes
• Region-specific pricing available

Best for

Small businesses seeking reliable accounting and tax services in Chicago.

 

9. ORBA

 

ORBA is a full-service accounting, tax, and consulting firm with a significant presence in Chicago. Recognized as one of the largest accounting firms in the area, ORBA offers a wide range of services to large organizations. Their strategic location in Chicago allows them to provide solutions that are both effective and efficient.

Key services

• Audit Services: Comprehensive audits ensuring compliance with Illinois standards
• Tax Services: Strategic tax planning and compliance for large organizations
• Consulting Services: Expert guidance for business strategy and growth
• Financial Advisory: Detailed financial analysis for informed decision-making
• Estate Planning: Comprehensive wealth management strategies
• IT Consulting: Technology solutions to enhance business operations

Industry certifications and compliance

ORBA is accredited by numerous accounting organizations, ensuring adherence to the latest Illinois state and federal guidelines.

Pros

• Extensive service offerings
• Strong focus on large organizations
• High client satisfaction
• Experienced professionals

Cons

• Premium pricing for certain services
• Limited focus on small businesses
• Some niche services may be outsourced
• May not cater to startups

Pricing details

• Entry-level services: $2,000/month
• Mid-tier packages: $5,000-$7,000/month
• Premium solutions: Tailored quotes
• Region-specific pricing available

Best for

Large organizations seeking comprehensive accounting, tax, and consulting services in Chicago.

 

10. Odoni Partners

 

Odoni Partners is a leading accounting firm in Chicago, providing comprehensive tax and accounting services to businesses and individuals. Their focus on delivering personalized solutions sets them apart in the region. Conveniently located in Chicago, they are well-positioned to serve a diverse client base with tailored financial solutions.

Key services

• Tax Preparation: Efficient tax compliance and planning for Chicago clients
• Business Consulting: Strategic advice for business growth in Illinois
• Accounting Services: Comprehensive accounting solutions for businesses
• Financial Planning: Customized financial strategies for achieving goals
• Outsourced CFO Services: Financial leadership for growing businesses
• Forensic Accounting: Investigative services for financial disputes

Industry certifications and compliance

The firm is recognized by top accounting bodies, ensuring compliance with both state and national regulations.

Pros

• Personalized client service
• Diverse service offerings
• Strong local expertise
• High client satisfaction

Cons

• Limited focus on large enterprises
• Premium pricing for certain services
• Some niche services may be outsourced
• May not cater to startups

Pricing details

• Entry-level services: $1,000/month
• Mid-tier packages: $3,500-$5,500/month
• Premium solutions: Customized quotes
• Region-specific pricing available

Best for

Individuals and businesses seeking comprehensive tax and accounting services in Chicago.

How to choose the right accounting firm in Chicago

When selecting an accounting firm in Chicago, consider the size and industry of your business. Look for firms with local expertise and a strong understanding of Chicago regulations. Evaluate their service offerings and ensure they align with your business needs. Consider pricing structures and seek firms that offer competitive rates for the services you require. Lastly, review client feedback and seek recommendations to gauge their reputation and reliability.

Benefits of working with Chicago-based accounting Firms

Local expertise

Chicago-based accounting firms offer deep insights into the local market, ensuring compliance with regional regulations and standards. Their knowledge of the Illinois business landscape allows them to provide tailored solutions that drive growth and efficiency.

Comprehensive services

These firms offer a wide range of services, from tax planning and compliance to audit and consulting, ensuring all your financial needs are met under one roof.

Personalized service

With a focus on building strong client relationships, Chicago accounting firms offer personalized service, ensuring your unique business needs are addressed.

Competitive pricing

Firms in Chicago offer competitive pricing, providing value for money without compromising on quality.

Frequently Asked Questions

What should I look for when choosing an accounting firm in Chicago?

When choosing an accounting firm, consider their local expertise, range of services, pricing, and client feedback. Ensure they have experience in your industry and can meet your specific needs.

How much do accounting services cost in Chicago?

Pricing varies based on the services required. Entry-level services start around $800/month, while premium solutions are tailored to specific needs.

Are there firms in Chicago that specialize in small businesses?

Yes, firms like John Griffin CPA specialize in offering services tailored to small businesses, providing personalized and cost-effective solutions.

Can these firms handle international tax issues?

Firms like Warady & Davis offer international tax services, providing guidance for businesses with global operations.