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Certified Public Accountants in Elmwood, Illinois

Discover qualified CPAs in Illinois who specialize in serving the state's diverse economy centered around Chicago's financial and corporate hub. Illinois' complex tax structure and recent reforms require knowledgeable professionals for business and individual tax planning. Find experienced accountants who understand state and local tax obligations throughout Illinois..

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Elmwood
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Elmwood
Showing 1 to 3 of 3 CPAs in Elmwood, Illinois
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Bonnie Beal
Certified Public Accountant
Verified Licensed
Location Elmwood, Illinois 61529
Located in Elmwood, Illinois, Bonnie Beal provides comprehensive financial guidance to a diverse range of clients. Experienced in offering payroll processing and compliance, individual and business tax return preparation, she specializes in basic accounting services, small business accounting, and financial planning. With a strong focus on serving various business structures, including S-corps, partnerships, and LLCs, as well as family-owned enterprises, Beal delivers tailored accounting solutions to meet the unique needs of each client.
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Rebecca Sommer
Certified Public Accountant
Verified Licensed
Location Elmwood, Illinois 61529
Rebecca Sommer, a certified public accountant, has been serving clients in Elmwood, Illinois since 2005. Her expertise lies in providing basic accounting services, small business accounting, and individual tax services to various business structures, including S-Corps, partnerships, and LLCs. With extensive experience in retirement account tax reporting and IRS representation, Sommer helps her clients navigate complex tax issues and resolve disputes.
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Katherine Jacobson
Certified Public Accountant
Verified Licensed
Location Elmwood, Illinois 61529
Katherine Jacobson, a certified public accountant based in Elmwood, Illinois, provides financial planning and accounting services to individuals, families, and businesses. With over 15 years of experience in tax preparation and financial planning, she specializes in basic accounting services, individual tax services, and financial planning for entrepreneurs and startups. Services offered include sales tax compliance, individual and business tax return preparation, as well as financial planning and analysis.
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Browse CPAs by City in Illinois

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.