Business Details
41 Years
experience
Your Trusted Accounting Partner in Schaumburg, IL
Pradip Patel & Company has been delivering expert accounting and tax services since 1985, serving clients across 35+ states. Founded by Pradip Patel, a Chartered Accountant and Certified Public Accountant, our firm combines decades of experience with a personalized approach to meet diverse client needs. Our team includes two generations of CPAs, offering over 60 years of combined expertise in business accounting, tax planning, and IRS representation. We prioritize client relationships, ensuring tailored solutions for small businesses and individuals while maintaining rigorous compliance standards.Our commitment to excellence is reflected in our comprehensive services, including payroll management, audits, succession planning, and resolution of complex tax issues. We remain dedicated to adapting to evolving tax codes and technologies while upholding our core mission: helping clients achieve financial balance and long-term success.
Services
Small Business Accounting
Payroll Services
Tax Preparation
IRS Audit Representation
Business Valuation
Succession Planning
Bank Financing
Tax Problem Resolution
Details
- Year established: 1985
Highlights and features
- We have over 60 years of combined experience in accounting and tax services.
- Our family-owned practice offers personalized attention to every client.
- We specialize in resolving complex IRS audit and tax debt issues.
- We provide comprehensive services for both businesses and individuals.
- Our team includes two generations of Certified Public Accountants.
Services
Small Business Accounting
We manage your financial records, including bank reconciliations, income statements, and balance sheets. Our services ensure accurate tracking of revenues and expenses while maintaining compliance with tax regulations. Clients receive customized reporting to support informed business decisions.
IRS Audit Representation
Our team handles all IRS audit communications, protecting clients from excessive tax liabilities. We prepare documentation, negotiate with auditors, and ensure compliance with tax laws. This service minimizes disruption to business operations during audit processes.
Payroll Services
We process payroll, tax filings, and employee reports while ensuring compliance with federal and state regulations. Our solutions include direct deposit, tax reporting, and customized reports for businesses seeking time-saving payroll management.
Tax Preparation
We prepare and file individual and business tax returns with electronic filing options for faster refunds. Our service identifies eligible deductions and provides withholding adjustments to optimize annual tax outcomes for clients.
Business Valuation
We provide objective business valuations for mergers, acquisitions, or succession planning. Our analysis considers industry-specific factors and financial metrics to determine accurate valuations that support strategic business decisions.
People
Pradip A Patel
Founder/CPA
Chartered Accountant and Certified Public Accountant with 40+ years of experience. Founded the firm in 1985 after working in international accounting roles. Specializes in tax strategy and business advisory services.
Ankit P Patel
Managing Partner/CPA
Joined the firm in 2007 and became CPA-certified in 2013. Focuses on operational management and client relations while maintaining technical expertise in accounting standards and tax compliance.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll processing, financial statements, and tax compliance services tailored to small business needs.
How can you help with IRS audit issues?
Our team handles all audit communications, documentation preparation, and negotiations to minimize tax liabilities and client involvement.
Do you offer tax planning services?
Yes, we provide year-round tax planning strategies to reduce liabilities and optimize financial outcomes for individuals and businesses.
Are your services available outside Illinois?
We serve clients across 35+ states through remote consultations and digital document management systems.
What sets your firm apart from other accountants?
Our combination of 60+ years of experience, personalized service, and two generations of CPA expertise creates unique client value.
