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West York
Showing 1 to 2 of 2 CPAs in West York, Illinois
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Jerry W. Phipps
Certified Public Accountant
Verified Licensed
Location West York, Illinois 62478
Jerry W. Phipps is a certified public accountant (CPA) based in West York, Illinois, with over 15 years of experience in accounting and financial services. His practice focuses on providing bookkeeping and financial statement compilation services to small businesses, including retirement account tax reporting for clients with diverse financial needs. With expertise in basic accounting services, financial planning, and small business accounting, Jerry serves various business structures, such as S-corps, partnerships, and LLCs, as well as family-owned enterprises in the region.
J
Jerry Phipps
Certified Public Accountant
Verified Licensed
Location West York, Illinois 62478
Based in West York, Illinois, Jerry Phipps is an experienced CPA with over 10 years of experience in providing financial guidance to individuals and businesses. His areas of specialization include basic accounting services, business tax services, and financial planning, catering to a range of clients, including individuals and families, as well as various business structures such as S-Corps, partnerships, and LLCs. Phipps' expertise also extends to sales tax compliance and bookkeeping, with a focus on accurate financial statement compilation.

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.