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Certified Public Accountants in Newark, 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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Showing 1 to 2 of 2 CPAs in Newark, Illinois
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Darrell Willis
Certified Public Accountant
Verified Licensed
Location Newark, Illinois 60541
Based in Newark, Illinois, Darrell Willis is a certified public accountant with extensive experience serving the accounting needs of individuals and small businesses. With over a decade of experience, he provides in-depth tax planning and consulting services, ensuring compliance with tax regulations. His expertise spans basic accounting services, business tax services, and tax compliance, making him a valuable resource for individuals and families, as well as small and medium-sized businesses.
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B
Benjamin Thanepohn
Certified Public Accountant
Verified Licensed
Location Newark, Illinois 60541
Based in Newark, Illinois, Benjamin Thanepohn is a seasoned accounting professional with over 10 years of experience providing expert financial guidance to various business structures, including S-Corps, partnerships, and LLCs. His services encompass a range of accounting needs, including bookkeeping and financial statement compilation, as well as payroll processing and compliance. Benjamin Thanepohn specializes in providing basic accounting services, small business accounting, and individual tax services to entrepreneurs and startups, helping them navigate complex financial landscapes and optimize their operations. With a deep understanding of tax laws and regulations, he ensures that his clients remain compliant with all relevant requirements, providing them with peace of mind and financial clarity.
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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.