We all know the frustration of having to deal with numbers and spreadsheets, but finding the top accounting firms in Chicago can be just as frustrating, especially because there are so many of them!
Chicago is a bustling city where businesses thrive and competition is fierce, making it crucial to find a reliable and competent accounting partner. Luckily, the Windy City is home to a myriad of top-notch accounting firms that offer a wide range of services to cater to the unique needs of businesses in various industries.
However, with so many options to choose from, it can be overwhelming to determine which accounting firm will best meet your needs. That’s why we have compiled the following list of 10 top accounting firms in Chicago to help make your decision-making process a little easier:
- Moss Adams
- Berdon LLP
- MNP LLP
- Cherry Bekaert LLP
- Marcum LLP
- Friedman LLP
- Armanino LLP
- Sikich LLP
- Eide Bailly LLP
- UHY Advisors
1. Moss Adams
Moss Adams is a professional services firm that provides assurance, tax, and consulting services to clients across various industries. With over 100 years of experience, Moss Adams has established a strong reputation for delivering high-quality solutions and personalized service to help clients achieve their business goals.
The firm’s team of professionals is committed to staying ahead of industry trends and regulations, ensuring that clients receive innovative and practical advice. Moss Adams is known for its deep industry knowledge and expertise, allowing them to provide tailored solutions that address the unique challenges and opportunities faced by each client.
Accounting services they offer:
- Audit and Assurance Services: This includes financial statement audits, reviews, and compilations to help clients maintain financial transparency and compliance.
- Tax Services: Providing tax planning, compliance, and advisory services to individuals and businesses to optimize tax efficiency.
- Consulting Services: Offering a wide range of consulting services, such as business advisory, financial planning, risk management, and technology consulting.
- Wealth Management: Assisting individuals and families with wealth preservation, investment strategies, and retirement planning.
- Transaction Services: Supporting clients in mergers, acquisitions, due diligence, and business valuation.
- Employee Benefit Plans: Advising on the design and management of employee benefit plans, including 401(k) plans and other retirement programs.
- Forensic and Valuation Services: Providing expertise in forensic accounting, litigation support, and business valuation for legal and dispute resolution purposes.
- International Services: Assisting clients with international tax planning, transfer pricing, and cross-border business operations.
- Technology and Risk Advisory: Helping clients with technology solutions, cybersecurity, and risk management strategies.
- Industry-Specific Services: Tailoring services to the unique needs of specific industries, such as healthcare, real estate, financial services, and more.
Industry expertise:
- Financial Services
- Healthcare
- Technology and Software
- Manufacturing and Distribution
- Real Estate and Construction
- Private Equity and Venture Capital
- Natural Resources
- Hospitality and Restaurants
- Nonprofit and Government
- Life Sciences and Biotechnology
- Manufacturing and Consumer Products
- Professional Services
Experience:
- 110 years
2. Berdon LLP
Berdon LLP is a well-established accounting firm in Chicago that has consistently ranked among the top firms in the city. With a team of highly skilled professionals and a reputation for delivering exceptional client service, Berdon LLP has built a strong presence in the accounting industry.
With a commitment to staying ahead of industry trends and regulations, Berdon LLP continues to be a trusted partner for businesses in Chicago seeking top-notch accounting services.
Accounting services they offer:
- Tax planning and compliance: Berdon LLP offers comprehensive tax planning and compliance services to help businesses navigate complex tax laws and maximize their financial opportunities. Their team of experts stays up-to-date with the latest tax regulations and strategies to ensure clients are in full compliance while minimizing their tax liabilities.
- Audit and assurance: The firm provides audit and assurance services to businesses in Chicago. Their experienced team conducts thorough examinations of financial statements, internal controls, and operational processes to provide accurate and reliable information to stakeholders.
- Business consulting: They offers business consulting services to help clients improve their operations and achieve their goals. Their consultants work closely with clients to identify areas for improvement, develop strategic plans, and implement effective solutions.
- Wealth management: Berdon LLP also offers wealth management services to help clients effectively manage and grow their assets. Their team of experts provides personalized financial planning, investment advice, and portfolio management to help clients achieve their long-term financial goals.
- Financial planning and advisory services: The firm assists clients in creating customized financial plans, offering guidance on retirement planning, tax optimization strategies, and risk management.
Industry expertise:
- Real estate
- Construction
- Hospitality
- Manufacturing
- Distribution
- Retail
- Healthcare
- Professional services
- Technology
- Nonprofit organizations
- High-net-worth individuals
Experience:
- 105+ years
Bonus Read: Discover 5 Free Accounting Software for eBay Sellers
3. MNP LLP
MNP LLP is one of the top accounting firms in Chicago, known for its extensive expertise and excellent client service. With a team of highly skilled professionals, MNP LLP offers a wide range of accounting services to businesses of all sizes, from startups to large corporations. Their commitment to delivering accurate financial information and providing strategic insights has earned them a reputation as a trusted advisor in the industry.
Accounting services they offer:
- Financial statement preparation and analysis: MNP LLP specializes in preparing and analyzing financial statements for businesses in Chicago. Their team of experts meticulously examines financial data to provide accurate and comprehensive reports that help businesses make informed decisions.
- Tax planning and compliance: They work closely with businesses to develop tax strategies that maximize savings and ensure compliance with all relevant regulations. The company’s thorough understanding of tax laws and regulations allows them to identify opportunities for tax optimization while minimizing risk.
- Auditing and assurance services: The firm conduct thorough audits of financial statements to ensure accuracy and compliance with accounting standards. Additionally, they provide assurance services to give businesses and stakeholders confidence in the reliability of their financial information.
- Business advisory and consulting: MNP LLP offers business advisory and consulting services to help businesses improve their operations, streamline processes, and make strategic decisions. They provide valuable insights and recommendations based on their industry knowledge and experience.
- Bookkeeping and payroll services: The organization also offer bookkeeping and payroll services to assist businesses in managing their financial records and ensuring accurate and timely payment of employees. These services help businesses maintain compliance with tax regulations and alleviate the administrative burden associated with financial record-keeping.
Industry expertise:
- Manufacturing and Distribution
- Real Estate and Construction
- Healthcare and Life Sciences
- Technology and Software
- Financial Services
- Energy and Natural Resources
- Hospitality and Tourism
- Retail and Consumer Products
Experience:
- 75+ years
Bonus Read: How to Create An Accounting System for a Small Business in 6 Steps
4. Cherry Bekaert LLP
Cherry Bekaert LLP is one of the top accounting firms in Chicago, known for its exceptional services and expertise in the field. With a strong presence in the city, Cherry Bekaert LLP has established itself as a trusted partner for businesses and individuals seeking reliable accounting solutions. The firm’s team of experienced professionals is committed to delivering tailored financial strategies and assisting clients in navigating complex financial challenges.
Accounting services they offer:
- Audit and Assurance Services: Cherry Bekaert LLP provides comprehensive audit and assurance services to help businesses ensure the accuracy and integrity of their financial statements.
- Tax Planning and Compliance: The firm’s tax professionals offer strategic tax planning and compliance services to help clients optimize their tax positions and meet their regulatory obligations.
- Business Advisory Services: They assists businesses in making informed decisions by providing a wide range of advisory services, including financial analysis, risk management, and business valuation.
- Outsourced Accounting: The firm offers outsourced accounting solutions to help businesses streamline their financial processes, improve efficiency, and reduce costs.
- Mergers and Acquisitions: Cherry Bekaert LLP’s team of experts provides guidance throughout the entire mergers and acquisitions process, from initial due diligence to post-merger integration.
Industry expertise:
- Financial Services
- Real Estate and Construction
- Manufacturing and Distribution
- Government and Public Sector
- Technology and Software
- Hospitality and Restaurants
- Private Equity and Venture Capital
- Not-for-Profit and Foundations
- Professional Services
Experience:
- 75+ years
5. Marcum LLP
Marcum LLP is a leading accounting firm in Chicago that has earned a stellar reputation for its exceptional services. With a team of highly skilled professionals, Marcum LLP offers a wide range of accounting solutions tailored to meet the unique needs of businesses in various industries.
Their expertise spans across tax planning and compliance, audit and assurance, business advisory, and much more. As one of the top accounting firms in Chicago, Marcum LLP is known for its commitment to delivering accurate financial insights and strategic guidance to help clients thrive in a rapidly evolving business landscape.
Accounting services they offer:
- Tax planning and compliance services: Marcum LLP provides comprehensive tax planning strategies to help businesses optimize their tax positions and ensure compliance with applicable regulations.
- Audit and assurance services: The firm offers independent audit and assurance services to assess the reliability of financial statements and provide valuable insights into a company’s financial performance.
- Business advisory services: Marcum LLP’s experienced professionals offer strategic business advisory services to help clients make informed decisions, improve operational efficiency, and drive growth.
- Forensic accounting services: The firm has a dedicated team of forensic accountants who specialize in investigating financial fraud, performing financial analysis, and providing litigation support in legal disputes.
- Personal wealth management services: Marcum LLP helps individuals manage their personal finances, offering services such as investment planning, retirement planning, tax planning, and estate planning.
Industry expertise:
- Healthcare
- Real estate
- Technology
- Manufacturing
- Entertainment
- Hospitality
- Retail
- Financial services
- Non-profit organizations
Experience:
- 70+ years
6. Friedman LLP
Friedman LLP is a prominent accounting firm in Chicago, known for its exceptional expertise in providing a wide range of financial services.
With a dedicated team of professionals, they have built a strong reputation for delivering high-quality accounting, tax, and advisory services to clients across various industries. Their commitment to excellence and client satisfaction has earned them a spot among the top accounting firms in Chicago.
Accounting services they offer:
- Financial statement preparation: They assist clients in preparing accurate and comprehensive financial statements that comply with all relevant accounting standards. This includes compiling and organizing financial data, analyzing the information, and presenting it in a clear and understandable format.
- Bookkeeping: The firm provides bookkeeping services to help clients maintain accurate and up-to-date financial records. This includes recording transactions, reconciling accounts, and generating financial reports on a regular basis.
- Budgeting and forecasting: Friedman LLP offers budgeting and forecasting services to assist clients in planning and managing their financial resources effectively. This involves analyzing historical data, identifying trends, and making projections for future financial performance.
- Payroll processing: They ensure accurate and timely payment of employees with their payroll processing services. This includes calculating wages, deducting taxes and other withholdings, and issuing paychecks or direct deposits.
- General ledger maintenance: Friedman LLP also provide general ledger maintenance services, which involve recording and organizing financial transactions, reconciling accounts, and generating financial statements.
Industry expertise:
- Manufacturing
- Retail
- Healthcare
- Technology
- Hospitality
- Real estate
Experience:
- 75 years
7. Armanino LLP
Armanino LLP is known for its exceptional services and expertise. With a team of highly skilled professionals, Armanino LLP has established itself as a trusted partner for businesses in the region.
Their commitment to providing comprehensive accounting solutions and personalized advice sets them apart from their competitors.
Accounting services they offer:
- Audit and Assurance Services: Armanino LLP provides thorough and reliable audit and assurance services to ensure compliance with regulations and provide valuable insights to businesses.
- Tax Services: Their team of tax experts assists clients with tax planning, compliance, and strategies to minimize their tax liabilities while maximizing benefits.
- Business Consulting: Armanino LLP offers strategic consulting services that help businesses improve efficiency, optimize processes, streamline operations, and enhance profitability.
- CFO Advisory: Providing expert guidance, Armanino LLP assists businesses in developing effective financial strategies, forecasting, budgeting, financial modeling, risk management, and other financial leadership functions.
- Technology Consulting: Armanino LLP helps organizations leverage technology to enhance their operations through software selection and implementation, systems integration, data analytics, cybersecurity, and digital transformation.
Industry expertise:
- Technology
- Professional services
- Venture-backed companies
- Manufacturing and distribution
- Real estate and construction
- Nonprofit organizations
- Life sciences and healthcare
Experience:
- 50+ years
8. Sikich LLP
Sikich LLP is one of the top accounting firms in Chicago, known for its comprehensive range of accounting, tax, and consulting services.
With a team of highly skilled professionals, Sikich LLP has established itself as a trusted advisor to businesses of all sizes in various industries. The firm takes a client-centric approach, understanding the unique needs and goals of each client to provide tailored solutions that drive growth and success.
Accounting services they offer:
- Financial statement audits: Sikich LLP provides thorough and accurate financial statement audits to ensure compliance with regulations and provide reliable financial information.
- Tax planning and compliance: The firm offers expert guidance in tax planning and compliance to help businesses optimize their tax strategies and minimize their tax liabilities.
- Forensic accounting and fraud investigations: Sikich LLP helps businesses uncover financial fraud and misconduct through forensic accounting and conducts thorough investigations to gather evidence for legal proceedings.
- Outsourced accounting: The firm provides outsourced accounting services, including bookkeeping, payroll processing, and financial reporting, allowing businesses to focus on core operations while ensuring accurate financial records.
- Advisory and consulting services: Sikich LLP offers strategic advisory and consulting services to help businesses enhance their operations and achieve their goals. This includes providing guidance on financial planning, risk management, and business growth strategies.
Industry expertise:
- Manufacturing and distribution
- Technology
- Professional services
- Healthcare
- Non-profit organizations
Experience:
- 40+ years
9. Eide Bailly LLP
Eide Bailly LLP has a strong presence in Chicago and has established itself as a trusted partner for businesses and individuals seeking comprehensive accounting solutions.
Eide Bailly LLP has a team of highly skilled professionals who are committed to delivering personalized and innovative financial strategies to help clients achieve their goals.
Accounting services they offer:
- Audit and assurance: Eide Bailly LLP provides audit and assurance services to ensure the accuracy and reliability of financial statements, giving clients confidence in their financial reporting. Their experienced professionals conduct thorough examinations and assessments, identifying any potential risks or areas for improvement.
- Tax planning and compliance: They assist businesses and individuals with tax planning strategies to minimize tax liabilities while ensuring compliance with applicable laws and regulations. Their team stays up-to-date with the latest tax laws and developments, providing clients with tailored solutions that optimize their financial position.
- Consulting and advisory services: The firm offers consulting and advisory services to help businesses make informed decisions and achieve their goals. This includes providing guidance on financial management, strategic planning, and operational efficiency.
- Outsourced accounting solutions: Eide Bailly LLP also offers outsourced accounting solutions, allowing businesses to streamline their financial processes and focus on their core operations. This includes services such as bookkeeping, payroll management, and tax preparation, ensuring accuracy and compliance with regulatory requirements.
- Business valuation and succession planning: They provide business valuation and succession planning services to help businesses determine their worth and plan for a smooth transition of ownership. This includes conducting comprehensive valuations, identifying potential buyers or successors, and developing strategies to maximize value and minimize tax implications.
Industry expertise:
- Healthcare
- Manufacturing
- Construction
- Agriculture
- Technology
- Financial services
- Nonprofit organizations
- Government entities
Experience:
- 25 years
10. UHY Advisors
UHY Advisors is renowned for its expertise in providing comprehensive financial and business advisory services. With a team of highly skilled accounting professionals, UHY Advisors has established itself as a trusted partner for businesses across various industries.
The firm is committed to delivering personalized solutions that help clients navigate complex financial challenges and achieve their strategic goals. With a strong focus on innovation and technology, the firm utilizes advanced tools and resources to enhance the efficiency and accuracy of their services.
Accounting services they offer:
- Financial statement preparation: UHY Advisors’s accountants analyze and interpret financial data to provide clients with clear and concise statements that effectively communicate their financial position. They also provide valuable insights and recommendations based on the analysis of these statements, helping businesses make informed decisions for future growth and success.
- Bookkeeping: Their experienced bookkeepers handle tasks such as recording transactions, reconciling bank statements, and managing accounts payable and receivable. Their bookkeeping services can help identify any discrepancies or errors in the financial records, allowing businesses to address them promptly and avoid potential issues in the future.
- Payroll processing: UHY Advisors’s payroll processing services ensure accurate and timely payment of employees, including calculating wages, deducting taxes and benefits, and issuing paychecks or direct deposits.
- Tax planning and compliance: The firm assists businesses in identifying potential tax savings opportunities, ensuring accurate and timely filing of tax returns, and minimizing the risk of audits or penalties. It also helps stakeholders stay up-to-date with changing tax laws and optimize their tax strategies for maximum financial benefit.
- Financial analysis: The firm conducts in-depth financial analysis to help businesses make informed decisions and improve their overall financial performance. This includes analyzing cash flow, profitability, and financial ratios to identify areas for improvement and develop strategies for growth.
Industry expertise:
- Manufacturing
- Technology
- Real estate
- Retail
- Hospitality
- Health care
- Transportation
- Professional services
Experience:
- 20+ years
Bonus Read: The Discovery Guide to Intuit Bookkeeping
Why Choose One of the Top Accounting Firms in Chicago?
Partnering with one of the top accounting firms in Chicago can provide numerous benefits for your business. These firms have a wealth of experience and expertise in handling financial matters, ensuring that your company’s books are accurate and up-to-date.
With their help, you can make informed financial decisions, minimize risks, and maximize profitability. Additionally, partnering with a reputable accounting firm can enhance your credibility and reputation in the market, as it demonstrates your commitment to financial transparency and accountability.