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Philo
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Philo
Showing 1 to 2 of 2 CPAs in Philo, Illinois
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Tyler Smith
Certified Public Accountant
Verified Licensed
Location Philo, Illinois 61864
Based in Philo, Illinois, Tyler Smith is a certified public accountant with over 10 years of experience. He specializes in providing basic accounting services, individual tax services, and small business accounting for entrepreneurs and startups, as well as various business structures such as S-Corps and LLCs. As an IRS representation expert, Tyler offers tax planning and consulting services to help clients navigate complex tax laws and regulations, ensuring compliance and minimizing tax liabilities.
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Katherine L. Miebach
Certified Public Accountant
Verified Licensed
Location Philo, Illinois 61864
Katherine L. Miebach is a certified public accountant based in Philo, Illinois. With over 10 years of experience in providing accounting services, she specializes in basic accounting, small business accounting, and tax compliance for individuals and families, as well as various business structures including S-Corps, partnerships, and LLCs. Her services encompass sales tax compliance and general accounting and advisory services, helping clients navigate complex financial regulations and make informed business decisions.

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.