Business Details
16 Years
experience
Expert Accounting & Tax Services in Washington, IL
Phillips Selmi & Associates is a certified public accounting firm founded in 2010 by Aaron Phillips and Lori Salmi. Our firm specializes in delivering tailored accounting, tax advisory, and business consulting services to individuals and businesses across diverse industries. With locations in Washington and Springfield, Illinois, we prioritize personalized attention, combining technical expertise with a deep understanding of client needs. Our team holds itself to the highest standards of accuracy and compliance, ensuring clients receive actionable insights to navigate tax regulations and financial challenges. We serve over 30 industries, including healthcare, manufacturing, and nonprofit organizations, and maintain membership in professional bodies like the AICPA.Our commitment to quality is evidenced by our peer-reviewed accounting practices and a client-centric approach that emphasizes transparency and long-term relationships. We focus on empowering clients through education, proactive guidance, and customized solutions to maximize savings and minimize liabilities. Our services extend to QuickBooks support, payroll processing, financial projections, and business succession planning. With decades of combined experience, our CPAs and specialists are dedicated to helping clients achieve financial stability and growth.
Services
Tax Advisory
Small Business Services
Consulting Services
Auditing & Assurance
QuickBooks Services
Details
- Year established: 2010
Highlights and features
- We serve clients across 30+ industries with specialized expertise.
- Our team provides personalized, non-cookie-cutter accounting solutions.
- We maintain the highest peer review rating for quality control systems.
- Our CPAs offer proactive tax compliance and advisory services year-round.
- We tailor services to individual financial goals and business needs.
Associations and certifications
- Private Company Practice Section of the AICPA
- Peer Review Report
What people say
Well-regarded firm
Close personal attention
Professional and responsive
Quality service
Reliable help
Services
Tax Advisory
Our tax advisory services provide strategic guidance to individuals and businesses, ensuring compliance with evolving tax regulations while optimizing savings. We specialize in entity selection, owner compensation planning, and navigating complex tax laws. Clients benefit from proactive advice to adapt to market changes and avoid common pitfalls, supported by our team's deep expertise and commitment to tailored solutions.
Small Business Services
We offer comprehensive accounting solutions for small businesses, including bookkeeping, payroll processing, and financial statement preparation. Our services help startups and established enterprises maintain accurate records, improve cash flow, and make informed decisions. By understanding each client's unique needs, we provide scalable support that grows with their business, ensuring long-term financial health and compliance.
Consulting Services
Our consulting services focus on strategic planning, financial forecasting, and operational efficiency improvements. We assist clients with entity restructuring, software selection, and succession planning, leveraging industry-specific insights to drive growth. By combining technical knowledge with practical advice, we help businesses overcome challenges and capitalize on opportunities for sustainable success.
Auditing & Assurance
We provide auditing and assurance services, including financial statement audits, reviews, and compilations, tailored to meet regulatory requirements. Our approach emphasizes clear communication and actionable insights, helping organizations improve internal controls and financial reporting accuracy. With expertise in single audits and agreed-upon procedures, we support clients in maintaining accountability and transparency.
QuickBooks Services
Our QuickBooks specialists offer setup, training, and ongoing support to maximize the software's effectiveness for business financial management. We help clients implement systems tailored to their operational needs, conduct transaction reviews, and ensure accurate reporting. By optimizing QuickBooks usage, we enable businesses to streamline accounting processes and maintain reliable financial data.
People
Lori R. Salmi
Managing Member
Lori R. Salmi, CPA, co-founder of Phillips Selmi & Associates, brings extensive accounting expertise to client engagements. With a focus on tax compliance and business advisory, she prioritizes personalized service and long-term client relationships.
Aaron Phillips
Managing Member
Aaron Phillips, CPA, co-founded the firm in 2010 and leads audit and assurance services. His experience spans financial reporting, regulatory compliance, and strategic consulting for diverse industries, emphasizing quality and client education.
Greta Belsly
Small Business Consultant
Greta Belsly specializes in small business consulting, providing tailored accounting solutions and operational guidance. Her approach focuses on simplifying financial processes and empowering business owners to achieve growth objectives.
Valerie Fitzgerald
Senior Tax Manager
Valerie Fitzgerald, CPA, oversees tax strategy and compliance for individual and business clients. Her expertise includes tax planning, entity selection, and advising on complex regulatory requirements to maximize savings.
Tom Burroughs
Senior Audit Manager
Tom Burroughs leads audit engagements with a focus on accuracy and regulatory compliance. His experience includes financial statement audits and advisory services for nonprofit organizations and government entities.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll processing, financial statement preparation, and QuickBooks support tailored to small business needs.
How do you tailor services to individual client needs?
We conduct initial consultations to understand goals, then create customized plans addressing tax strategies, financial reporting, and operational efficiency.
Are you experienced with industry-specific accounting requirements?
Yes, we serve 30+ industries including healthcare, manufacturing, and nonprofits, adapting our expertise to sector-specific regulations.
Do you offer tax advisory services for individuals?
Yes, we provide personal tax planning, compliance, and strategies to minimize liabilities while maximizing savings opportunities.
