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Cherry Valley
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Cherry Valley
Showing 1 to 5 of 5 CPAs in Cherry Valley, Illinois
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Robert R. Farrell
Certified Public Accountant
Verified Licensed
Location Cherry Valley, Illinois 61016
Based in Cherry Valley, Illinois, Robert R. Farrell has been providing accounting services for over 15 years, specializing in basic accounting, small business accounting, and business tax services. His expertise spans various business structures, including S-Corps, partnerships, and LLCs, as well as individual and family tax preparation and financial statement compilation. Robert's services include bookkeeping and financial statement compilation, individual and business tax return preparation, and other accounting solutions tailored to meet specific industry needs.
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Kyle Schilling
Certified Public Accountant
Verified Licensed
Location Cherry Valley, Illinois 61016
Based in Cherry Valley, Illinois, Kyle Schilling has over 15 years of experience in accounting and taxation. His expertise includes providing bookkeeping and financial statement compilation services to ensure accurate financial tracking and compliance. Additionally, Kyle assists individuals and businesses with tax return preparation, as well as offering basic accounting services and financial planning guidance. His extensive experience serving entrepreneurs and family-owned enterprises has equipped him with a nuanced understanding of their unique financial needs and challenges.
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Karl K. Barnes
Certified Public Accountant
Verified Licensed
Location Cherry Valley, Illinois 61016
Based in Cherry Valley, Illinois, Karl K. Barnes is a certified public accountant with over 25 years of experience delivering financial expertise to small businesses and individuals. As a seasoned expert in basic accounting services, individual tax services, and small business accounting, he provides tailored financial guidance to ensure clients' long-term prosperity. His specialization in handling various business structures, including S-Corps, partnerships, and LLCs, as well as working with family-owned enterprises, allows him to effectively navigate complex financial landscapes.
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Raymond Steffan
Certified Public Accountant
Verified Licensed
Location Cherry Valley, Illinois 61016
Raymond Steffan is a certified public accountant with over 20 years of experience serving clients in Cherry Valley, Illinois. His expertise spans basic accounting services, financial planning, and tax compliance, specifically focusing on small and medium-sized businesses, entrepreneurs, and startups. Steffan provides tax planning and consulting services, as well as sales tax compliance solutions, to help business owners navigate complex tax regulations. With a commitment to delivering accurate and reliable accounting services, Steffan is widely recognized as a trusted advisor to his clients.
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Samuel Nguyen
Certified Public Accountant
Verified Licensed
Location Cherry Valley, Illinois 61016
Based in Cherry Valley, Illinois, Samuel Nguyen is a seasoned accountant providing expert guidance to entrepreneurs and startups, as well as small and medium-sized businesses. With over 15 years of experience in the field, Nguyen specializes in providing basic accounting services, small business accounting, and individual tax services. He is well-versed in sales tax compliance and offers tax planning and consulting services to help clients navigate complex tax regulations.

Illinois's substantial CPA market serves a diverse economy centered on Chicago's global financial and corporate hub. The Illinois Board of Examiners requires 150 semester hours for licensure. CPAs must complete 120 hours of continuing professional education every three years, including 4 hours of professional ethics and 15 hours annually in technical subjects.

Key Tax Considerations: Illinois has a flat 4.95% individual and corporate income tax, but high property taxes and complex local tax structures create planning opportunities. CPAs commonly handle multi-jurisdictional taxation (especially for Chicago businesses), sales and use tax compliance, property tax appeals, and helping high-income residents evaluate relocation to neighboring states with lower taxes. Recent tax law changes require practitioners to stay current on evolving requirements.

Industry Specializations: Financial services and commodities trading, manufacturing and industrial production, transportation and logistics (major rail and shipping hub), healthcare systems, technology, food processing, and professional services are primary focus areas. Chicago CPAs often specialize in derivatives and options trading taxation, municipal finance, and serving Fortune 500 corporate headquarters.

For CPA Professionals: The Illinois CPA Society provides extensive resources, particularly in the Chicago area. Chicago offers big-city opportunities with all major national firms present, while suburban and downstate markets (Springfield, Peoria, Rockford) provide alternatives with lower cost of living. The state faces fiscal challenges and out-migration of high earners, but Chicago's position as a global business center maintains strong demand for sophisticated accounting services.