10 Best Accounting Firms in Illinois

Businesses need to choose the right accounting firm to ensure financial compliance, optimize tax strategies, and drive growth. A study by the Journal of Accountancy reveals that 79% of businesses prioritize industry expertise and specialized services when selecting an accounting firm.

This article explores the top accounting firms in Illinois, showcasing their unique strengths, industry specializations, and the value they bring to businesses across the state.

Quick glance list and comparison table

Comparing the best accounting firms in Illinois

1. Porte Brown

Porte Brown operates as a full-service accounting and consulting firm headquartered in Elk Grove Village, Illinois. Known for its comprehensive suite of financial services, Porte Brown excels in the Illinois region due to its client-centric solutions. Its strategic location allows effective service to small to mid-sized businesses across the state.
Porte Brown distinguishes itself through a proactive approach, offering specialized capabilities that address the unique needs of Illinois businesses. With a robust operational footprint, the firm maintains several offices throughout the region, ensuring accessibility and personalized service.

Key services:

• Tax Planning: Strategic tax reduction strategies aligned with Illinois regulations
• Audit Services: Independent verification meeting Illinois compliance standards
• Advisory Services: Expert guidance for Illinois business growth
• Accounting Services: Streamlined processes for Illinois companies
• Business Valuation: Accurate assessments for Illinois market conditions
• Payroll Services: Efficient payroll management tailored to Illinois laws

Industry certifications and compliance:

The AICPA certifies Porte Brown, which adheres to Illinois-specific compliance regulations, ensuring high standards in all engagements.

Pros:

• Strong regional expertise
• Proactive client service
• Wide range of services
• Flexible pricing models

Cons:

• Limited national presence
• Smaller team compared to larger firms
• May not cater extensively to very large enterprises
• Focused primarily on Illinois

Pricing details:

• Entry-level services: Starting at $1,000
• Mid-tier packages: Around $5,000
• Premium solutions: Up to $15,000
• Region-specific price ranges available on request

Best for:

Small to mid-sized firms seeking comprehensive accounting solutions in Illinois.

2. KRD CPAs

KRD CPAs, based in Schaumburg, is a respected firm in Illinois, renowned for its personalized financial and wealth planning services. The firm dedicates itself to delivering tailored solutions addressing the complex needs of its clients. KRD CPAs’ strategic location allows effective service to high-net-worth individuals and businesses across Illinois.
The firm prides itself on an innovative approach, providing assurance and consulting services that are both impactful and compliant with Illinois regulations. KRD CPAs maintains a strong presence in the region, focusing on building long-term client relationships.

Key services:

• Wealth Planning: Customized strategies for Illinois high-net-worth individuals
• Assurance Services: Reliable financial reporting for Illinois businesses
• Tax Compliance: Comprehensive tax solutions adhering to Illinois laws
• Business Consulting: Strategic advice for Illinois market challenges
• Outsourced Accounting: Efficient accounting services for Illinois firms
• Business Valuation: Insightful valuations for Illinois transactions

Industry certifications and compliance:

KRD CPAs holds accreditation from the Illinois CPA Society and follows state-specific compliance standards.

Pros:

• Personalized client approach
• Strong focus on high-net-worth individuals
• Comprehensive service offerings
• Experienced team in Illinois

Cons:

Higher fees for personalized services
Limited service to small businesses
Concentrated on Illinois market
Smaller team than national firms

Pricing details:

• Entry-level services: Starting at $1,500
• Mid-tier packages: Around $6,000
• Premium solutions: Up to $20,000
• Region-specific price ranges available on request

Best for:

High-net-worth individuals and businesses seeking wealth management in Illinois.

3. Weiss CPA

Weiss CPA, located in Glenview, Illinois, offers a comprehensive range of accounting services tailored to family-owned businesses. The firm's presence in Illinois is marked by its commitment to delivering specialized tax services for both individual and business clients.
Weiss CPA sets itself apart with a personalized service model, aimed at providing clear and actionable solutions. The firm has established a solid operational presence in the region, with facilities designed to support a diverse clientele.

Key services:

• Tax Services: Tailored tax solutions for Illinois family-owned businesses
• Audit Services: Thorough auditing for Illinois compliance
• Advisory Services: Strategic business advice for Illinois growth
• Accounting Services: Efficient bookkeeping for Illinois businesses
• Estate Planning: Comprehensive planning for Illinois families
• Financial Planning: Custom financial strategies for Illinois clients

Industry certifications and compliance:

The Illinois CPA Society includes Weiss CPA as a member, and the firm complies with all state regulations.

Pros:

• Personalized service
• Focus on family-owned businesses
• Comprehensive service offering
• Strong regional presence

Cons:

• Limited to Illinois
• Smaller scale operations
• Higher costs for specialized services
• Limited international reach

Pricing details:

• Entry-level services: Starting at $1,200
• Mid-tier packages: Around $5,500
• Premium solutions: Up to $18,000
• Region-specific price ranges available on request

Best for:

Family-owned businesses needing specialized tax and accounting services in Illinois.

4. Selden Fox

Selden Fox, based in Oak Brook, Illinois, is known for its advisory services geared towards corporations. With a focus on delivering strategic solutions, Selden Fox effectively addresses the unique challenges faced by businesses in the Illinois region.
The firm's strong commitment to quality and client satisfaction sets it apart, offering specialized capabilities that cater to the needs of Illinois corporations. Selden Fox operates from a strategically located office, ensuring convenient access for its diverse client base.

Key services:

• Advisory Services: Strategic insights for Illinois corporations
• Tax Services: Comprehensive tax compliance for Illinois businesses
• Audit Services: Rigorous auditing for Illinois regulatory standards
• Business Consulting: Expert advice for Illinois market growth
• Risk Management: Proactive risk solutions for Illinois companies
• Transaction Services: Support for business transactions in Illinois

Industry certifications and compliance:

Selden Fox holds certification from the AICPA and ensures compliance with Illinois state regulations.

Pros:

• Strong focus on corporations
• Comprehensive advisory services
• Experienced professionals
• Convenient location

Cons:

• Higher fees for corporate services
• Limited focus on small businesses
• Primarily Illinois-focused
• Smaller client base compared to larger firms

Pricing details:

• Entry-level services: Starting at $2,000
• Mid-tier packages: Around $7,500
• Premium solutions: Up to $25,000
• Region-specific price ranges available on request

Best for:

Corporations seeking expert advisory and compliance solutions in Illinois.

5. Mowery & Schoenfeld

Mowery & Schoenfeld, a top-tier Illinois CPA firm located in Lincolnshire, offers a wide range of audit and assurance services. The firm dedicates itself to providing high-quality financial services to growing businesses across Illinois.
Known for its commitment to excellence, Mowery & Schoenfeld offers specialized capabilities designed to meet the needs of businesses in the region. The firm maintains a strong presence in Illinois, with facilities equipped to support a variety of client needs.

Key services:

• Audit Services: Thorough audits for Illinois businesses
• Assurance Services: Reliable financial assurance for Illinois growth
• Tax Services: Comprehensive tax strategies for Illinois compliance
• Business Advisory: Insightful advice for Illinois market challenges
• Transaction Support: Expert assistance for Illinois deals
• Risk Management: Proactive solutions for Illinois risks

Industry certifications and compliance:

The Illinois CPA Society recognizes Mowery & Schoenfeld, which adheres to state-specific standards.

Pros:

• Strong focus on growing businesses
• Comprehensive audit and assurance services
• Experienced team
• Robust client support

Cons:

• Primarily focused on Illinois
• Higher fees for specialized services
• Limited national reach
• Smaller firm size

Pricing Details:

• Entry-level services: Starting at $1,800
• Mid-tier packages: Around $6,500
• Premium solutions: Up to $22,000
• Region-specific price ranges available on request

Best for:

Growing businesses in Illinois needing comprehensive audit and assurance services.

6. Warady & Davis

Warady & Davis, located in Deerfield, Illinois, provides a full range of tax and consulting services to privately-held businesses and individuals. The firm's focus on personalized service and strategic solutions makes it a preferred choice for Illinois clients.
Warady & Davis distinguishes itself through its client-first approach and dedication to delivering value-added services. The firm's operational footprint in Illinois ensures effective service for its diverse clientele.

Key services:

• Tax Services: Customized tax solutions for Illinois privately-held businesses
• Consulting Services: Strategic advice for Illinois business growth
• Audit and Assurance: Reliable services for Illinois compliance
• Business Valuation: Accurate valuations for Illinois market
• Financial Planning: Tailored financial strategies for Illinois clients
• Risk Advisory: Proactive risk management for Illinois businesses

Industry certifications and compliance:

Warady & Davis is a member of the Illinois CPA Society and complies with all relevant state regulations.

Pros:

• Personalized service model
• Comprehensive service offerings
• Strong focus on privately-held businesses
• Experienced professionals

Cons:

• Higher costs for personalized services
• Limited to Illinois market
• Smaller client base than national firms
• Limited international services

Pricing details:

• Entry-level services: Starting at $1,500
• Mid-tier packages: Around $6,000
• Premium solutions: Up to $20,000
• Region-specific price ranges available on request

Best for:

Privately-held businesses and individuals in Illinois seeking comprehensive tax and consulting services.

7. Scheffel Boyle

Scheffel Boyle, headquartered in Alton, Illinois, offers a full range of accounting, auditing, consulting, and tax services. The firm's extensive experience and strategic relationships make it a top choice for various industries in Illinois.
Scheffel Boyle stands out for its commitment to client success and regional expertise, focusing on delivering tailored solutions. The firm operates multiple offices across Illinois, ensuring accessibility and high-quality service.

Key services:

• Accounting Services: Comprehensive services for Illinois industries
• Auditing Services: Thorough audits for Illinois compliance
• Tax Services: Strategic tax planning for Illinois businesses
• Consulting Services: Expert advice for Illinois market challenges
• Business Valuation: Accurate valuations for Illinois clients
• Financial Planning: Custom strategies for Illinois growth

Industry certifications and compliance:

The Illinois CPA Society accredits Scheffel Boyle, which follows state-specific compliance standards.

Pros:

• Extensive regional experience
• Comprehensive service offerings
• Strong client relationships
• Multiple office locations

Cons:

• Limited to Illinois region
• Higher fees for comprehensive services
• Smaller scale than national firms
• Limited global reach

Pricing details:

• Entry-level services: Starting at $1,200
• Mid-tier packages: Around $5,500
• Premium solutions: Up to $18,000
• Region-specific price ranges available on request

Best for:

Diverse industries in Illinois needing full-range accounting and tax services.

8 Cherry Bekaert

Cherry Bekaert's Chicago office provides a wide range of tax, audit, advisory, and accounting services to clients across Illinois. Known for its comprehensive approach, the firm supports large enterprises in navigating complex financial landscapes.
Cherry Bekaert's strength lies in its depth of expertise and commitment to client success. The firm's strategic location in Chicago allows effective service to large enterprises throughout Illinois.

Key services:

• Tax Services: Comprehensive tax solutions for Illinois enterprises
• Audit Services: Rigorous audits for Illinois compliance
• Advisory Services: Strategic insights for Illinois business growth
• Accounting Services: Efficient processes for Illinois companies
• Risk Management: Proactive risk strategies for Illinois clients
• Transaction Services: Support for Illinois business deals

Industry certifications and compliance:

Cherry Bekaert, certified by the AICPA, ensures compliance with Illinois regulations.

Pros:

• Strong focus on large enterprises
• Comprehensive service offerings
• Experienced team
• Strategic Chicago location

Cons:

• Higher fees for large-scale services
• Primarily focused on large enterprises
• Limited focus on small businesses
• Predominantly Illinois-based

Pricing details:

• Entry-level services: Starting at $2,500
• Mid-tier packages: Around $10,000
• Premium solutions: Up to $30,000
• Region-specific price ranges available on request

Best for:

Large enterprises in Illinois seeking comprehensive financial services.

9. Accounting Freedom

Accounting Freedom, based in Mundelein, Illinois, specializes in providing bookkeeping and payroll services to small businesses. Known for its client-focused approach, the firm delivers solutions tailored to the unique needs of its clients in Illinois.
The firm prides itself on offering reliable and efficient services. With a strong presence in the Illinois region, Accounting Freedom is well-equipped to support the financial needs of small businesses.

Key services:

• Bookkeeping Services: Accurate record-keeping for Illinois small businesses
• Payroll Services: Efficient payroll management for Illinois companies
• Tax Preparation: Comprehensive tax solutions for Illinois compliance
• Financial Statements: Reliable reports for Illinois business needs
• Business Consulting: Strategic advice for Illinois market growth
• Tax Planning: Proactive strategies for Illinois tax reduction

Industry certifications and compliance:

Accounting Freedom complies with Illinois state regulations and maintains relevant certifications.

Pros:

• Strong focus on small businesses
• Client-centered approach
• Efficient service delivery
• Competitive pricing

Cons:

• Limited to small businesses
• Primarily Illinois-focused
• Smaller team size
• Limited service range compared to larger firms

Pricing details:

• Entry-level services: Starting at $800
• Mid-tier packages: Around $3,500
• Premium solutions: Up to $10,000
• Region-specific price ranges available on request

Best for:

Small businesses in Illinois seeking reliable bookkeeping and payroll services.

10. Crowe

Crowe's Oak Brook office leads in providing audit, tax, advisory, and consulting services. With a focus on delivering value-driven solutions, Crowe supports organizations across the Oak Brook area in Illinois.
Known for its deep expertise, Crowe offers tailored services designed to address the unique challenges faced by its clients. The firm's strategic location in Oak Brook allows effective service to a diverse range of organizations in the region.

Key services:

• Audit Services: Comprehensive audits for Oak Brook compliance
• Tax Services: Strategic tax solutions for Oak Brook organizations
• Advisory Services: Expert guidance for Oak Brook business growth
• Consulting Services: Tailored advice for Oak Brook market challenges
• Risk Management: Proactive strategies for Oak Brook businesses
• Financial Planning: Custom solutions for Oak Brook clients

Industry certifications and compliance:

Crowe, accredited by the AICPA, aligns with Illinois state compliance standards.

Pros:

• Extensive regional expertise
• Comprehensive service offerings
• Strong focus on client success
• Experienced professionals

Cons:

• Higher fees for comprehensive services
• Primarily focused on Oak Brook area
• Limited to regional market
• Smaller client base than global firms

Pricing details:

• Entry-level services: Starting at $2,000
• Mid-tier packages: Around $8,000
• Premium solutions: Up to $25,000
• Region-specific price ranges available on request

Best for:

Organizations in Oak Brook, Illinois seeking expert audit and advisory services.

How to choose the right accounting firm in Illinois

When selecting an accounting firm in Illinois, evaluate the firm's regional expertise, service range, and client focus. Review pricing structures and ensure the firm aligns with your business needs and industry. Look for firms with strong client feedback and a solid reputation in the region.

Benefits of partnering with an accounting firms in Illinois

Regional expertise

Firms in Illinois provide tailored solutions based on local market knowledge and regulatory compliance. Their regional expertise ensures that businesses receive services aligned with state-specific requirements.

Diverse service offerings

Illinois accounting firms deliver a wide range of services, from tax planning and auditing to advisory and consulting. This diversity allows businesses to find comprehensive solutions under one roof.

Client-centric approach

Many firms in Illinois prioritize client satisfaction, offering personalized services and building long-term relationships. This client-centric approach ensures that businesses receive the attention and support they need.

Frequently Asked Questions

What should I look for in an Illinois accounting firm?

Evaluate the firm's regional expertise, service range, client focus, and pricing structure.

How do Illinois firms ensure compliance?

They adhere to state-specific regulations and maintain relevant industry certifications.

What industries do Illinois accounting firms typically serve?

They serve a diverse range of industries, including small businesses, corporations, high-net-worth individuals, and more.