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Peotone
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Peotone
Showing 1 to 3 of 3 CPAs in Peotone, Illinois
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Timothy J. Thompson
Certified Public Accountant
Verified Licensed
Location Peotone, Illinois 60468
Based in Peotone, Illinois, Timothy J. Thompson is a seasoned accounting professional with a specialization in business tax services. He serves clients from various industries, including entrepreneurs and startups, as well as small to medium-sized businesses, providing expert guidance on financial matters. His services encompass retirement account tax reporting, bookkeeping, and financial statement compilation, catering to individual and business taxpayers alike. With over 15 years of experience in basic accounting services, individual tax services, and business tax services, Timothy J. Thompson is a trusted advisor for tax and financial needs.
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Kevin Smith
Certified Public Accountant
Verified Licensed
Location Peotone, Illinois 60468
Based in Peotone, Illinois, Kevin Smith provides expert accounting services to a diverse range of businesses. With over 10 years of experience in tax planning and consulting, he specializes in basic accounting services, business tax services, and small business accounting for entrepreneurs and startups. He also offers sales tax compliance services tailored to the needs of S-corporations, partnerships, and limited liability companies.
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Garry S. Prokop
Certified Public Accountant
Verified Licensed
Location Peotone, Illinois 60468
Garry S. Prokop is a certified public accountant providing tax and financial services to family-owned enterprises and small to medium-sized businesses in Peotone, Illinois. With over 20 years of experience, Prokop offers expertise in retirement account tax reporting, individual and business tax return preparation, basic accounting services, financial planning, and business tax services. His extensive knowledge of financial regulations and tax laws enables him to provide tailored solutions for clients navigating complex business and financial situations.

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.