Legacy Professionals LLP

Regional CPA Firm

Legacy Professionals LLP is a Certified Public Accounting firm headquartered in Westchester, IL, with additional offices in Schererville, IN, and Edina, MN. The Firm provides specialized audit, tax, and advisory services to clients across 36 states. Legacy focuses on employee benefit plans, labor organizations, nonprofit entities, and small to medium-sized businesses. The Firm is also known for its payroll compliance audits for multiemployer benefit plans and offers outsourced accounting services through its Client Accounting & Advisory Services (CAAS) team.

Founded in 2003, Legacy was established by a team of professionals who shared a vision of delivering high-quality, niche-specific services to organizations that require specialized expertise. Over the years, the Firm has grown steadily and remains committed to providing personalized services tailored to each client's unique needs. Today, the third-generation leadership at Legacy continues to uphold the strong foundation set by the Firm's founders, prioritizing client success and operational excellence.

Mission and Values

At its core, Legacy Professionals LLP is driven by a mission to deliver reliable, high-quality audit, tax, and advisory services to organizations that operate in specialized industries. The Firm has consistently focused on employee benefit plans, labor organizations, and nonprofit entities, providing these sectors with the expertise they need to navigate complex regulatory environments.

The Firm’s core values of integrity, honesty, and objectivity guide every aspect of its work. These principles have earned Legacy a reputation for trustworthiness and transparency. Clients can depend on Legacy for clear communication and accurate advice that helps them make informed decisions. Legacy’s commitment to fostering a positive work environment also plays a key role in its success. The Firm emphasizes continuous learning and collaboration, ensuring that its professionals stay up-to-date with industry changes while maintaining a high level of service.

Areas of Expertise

Legacy Professionals LLP provides audit, tax, and advisory services to specific industries. The Firm’s expertise spans several key sectors:

Employee Benefit Plans: Legacy provides audit and compliance services for multiemployer (Taft-Hartley) and single-employer benefit plans, including pension plans, 401(k) plans, health and welfare plans, and apprenticeship funds. The Firm helps ensure these plans comply with applicable regulations and operate efficiently.

Labor Organizations: Legacy has significant experience working with labor unions, including local, regional, and international organizations. The Firm provides audit, tax, and compliance services to meet labor organizations' unique financial and regulatory needs.

Nonprofits: Legacy works with various nonprofit organizations, from trade and professional associations to educational institutions and charitable organizations. The Firm’s services help nonprofits maintain compliance with financial reporting regulations while managing their financial operations effectively.

Small and Medium-Sized Businesses: Legacy also provides accounting, tax, and advisory services to small and medium-sized businesses, helping them navigate the challenges of financial management and regulatory compliance.

Accounting and Audit Services

Legacy Professionals LLP offers a broad range of accounting and audit services to help clients manage their financial operations and comply with relevant regulations. These services include:

Audits, Reviews, and Compilations: Legacy performs thorough audits to ensure the accuracy and integrity of financial statements, helping clients build trust with stakeholders.

Tax and Compliance Services: The Firm assists clients with various tax-related matters, from preparation to compliance with local, state, and federal tax codes.

Payroll Compliance Audits: Legacy helps organizations ensure their payroll practices comply with applicable regulations, especially for multiemployer benefit plans.

Financial Statement Write-Up Services: Legacy provides detailed financial statement write-ups, offering clients insights into their economic position.

Outsourced Accounting Services: The Firm offers outsourced accounting services to help organizations manage their finances without needing an in-house accounting department.

Tax Services

Legacy Professionals LLP offers comprehensive tax services to clients, providing expert advice and ensuring compliance with tax laws at all levels. These services include:

Tax Preparation and Planning: Legacy prepares client tax returns and develops strategic tax plans to minimize liabilities and ensure compliance with applicable tax codes.

Payroll Tax Services: The firm handles quarterly and annual payroll tax returns and ensures compliance with all payroll-related tax requirements.

Federal and State Tax Research: Legacy monitors changes in tax laws and offers clients guidance on how new regulations may affect their business.

Representation before Government Agencies: Legacy represents clients before governmental agencies like the IRS or the Department of Labor in audits or disputes.

Community and Growth

Legacy Professionals LLP is dedicated to both its clients and the broader community. The Firm has consistently grown since its founding in 2003, with 35 partners and principals as of January 1, 2025. Legacy plans to expand further by adding new partners and principals to meet the evolving needs of its clients.

Legacy also supports causes close to its heart, including the Donna A. Hubert Memorial Scholarship Fund. This $1,500 scholarship, created in memory of a former partner, helps women in Illinois, Indiana, and Minnesota pursue careers in accounting. This initiative exemplifies Legacy’s commitment to giving back and empowering the next generation of professionals.

Legacy Professionals LLP has built a solid reputation by offering high-quality, specialized audit, tax, and advisory services to employee benefit plans, labor organizations, nonprofits, and small to medium-sized businesses. The Firm’s commitment to integrity, client success, and ongoing professional development has driven its steady growth and success. Legacy’s dedication to providing tailored solutions, maintaining strong client relationships, and giving back to the community ensures that it will continue to be a trusted advisor for years.