Legacy Professionals LLP is a Certified Public Accounting firm based in Westchester, IL, with additional offices in Schererville, IN, and Edina, MN. The Firm serves a national client base, providing audit and tax services to a variety of sectors, including employee benefit plans, labour organizations, nonprofit entities, and other specialized organizations across 36 states. Additionally, it offers payroll compliance audit services for multi-employer benefit plans and maintains a strong Client Accounting & Advisory Services (CAAS) team. This team provides outsourced accounting and advisory services to nonprofits and other entities, reinforcing the Firm's broad expertise in both audit and advisory services. Through its unique industry focus, it stands out for its ability to provide tailored services to clients in these specialized sectors, ensuring compliance and promoting long-term financial health.
Founded in 2003 by a team of partners, principals, and professionals, Legacy was established with the mission of delivering high-quality audit, accounting, and compliance services. From its inception, the Firm focused on providing specialized services to employee benefit plans, labour organizations, and nonprofits, among other niche entities. Over the years, the Firm has grown significantly, with its third generation of leaders continuing to uphold the core values and dedication to excellence set by its founders. The Firm's leadership remains steadfast in its commitment to offering services that cater specifically to the needs of each client, ensuring that those served are provided with the best possible outcomes. It has thrived on the foundation of niche expertise, tailoring its offerings to ensure it addresses the distinct needs of each of its specialized client sectors.
The mission of Legacy revolves around delivering a consistent level of audit and tax services that meet the high standards set by its founders. These services are designed specifically for employee benefit plans, labour organizations, nonprofit entities, and other specialized organizations that require expert guidance. From the very beginning, the Firm recognized the importance of focusing on the unique needs of these sectors, understanding that such focus leads to better outcomes for its clients. Its approach to service is built on a foundation of integrity, honesty, and objectivity, with each member of the team dedicated to offering clients the highest standard of care and professionalism. The Firm's unwavering commitment to its mission has been a key factor in its continued success and growth, and its client-first philosophy continues to guide every aspect of its operations.
The core values of Legacy are reflected in the team of professionals who drive the Firm's success. The auditors, accountants, tax professionals, and administrative staff work together with a shared dedication to providing the best possible service to each client. These values — integrity, honesty, and objectivity — are central to the way the Firm operates, ensuring that clients always receive transparent, reliable, and high-quality service. The Firm's leadership believes that its success is directly tied to the success of its clients, a principle that has guided it since its founding. The internal culture at Legacy is one of mutual respect and collaboration, where lifelong learning, open communication, and the shared goal of serving clients with excellence are prioritized. This positive and supportive work environment has helped the Firm maintain long-term relationships with both clients and employees, making it a place of stability and growth for all involved.
Legacy Professionals LLP offers a comprehensive suite of accounting and audit services designed to meet the needs of its niche client base. The Firm has a wealth of experience in providing audit services to nonprofit organizations, labour organizations, and employee benefit plans. These services include audits, reviews, and compilations, as well as tax and compliance services, payroll compliance audits, financial statement write-ups, and more. The Firm also conducts cost allocation and cost/benefit analyses, unique reporting and data analysis, and provides accounting and bookkeeping support. Additionally, it offers outsourced accounting services, helping organizations streamline their financial operations and maintain compliance with relevant regulations. This wide range of services reflects the Firm's commitment to providing tailored solutions that address the specific challenges faced by each client, ensuring that their financial management is efficient and effective.
Tax services are another area where Legacy excels. Tax filings are an essential part of running any organization, and the Firm's clients rely on its expertise to ensure timely, accurate, and knowledgeable tax services. The Firm's team is skilled in handling a variety of federal, state, and local legislative and regulatory matters. As part of its focus on specialized industries, it prepares hundreds of forms, including LM-2, 5500, and 990, for its niche clients. These services include tax preparation, tax planning and guidance, and the filing of quarterly and annual payroll tax returns. Additionally, the Firm provides federal and state tax code research and represents clients before governmental agencies. With an up-to-date understanding of laws and regulations, it ensures that its clients remain informed and compliant with evolving tax requirements.
The Firm is mainly known for its strong relationship with labour unions, trade associations, service organizations, and public employee unions. It has earned a reputation for its work with these entities, especially in navigating the complexities of governmental reporting requirements. The Firm has extensive experience ensuring compliance with the Department of Labor (DOL) and Internal Revenue Service (IRS) regulations, which are crucial for the operation of labour unions and related entities. Many clients report that Legacy's expertise and reliability in managing these complex regulatory issues have been invaluable to its operations. This focus on service to labour organizations, coupled with a deep understanding of their specific needs, has made the Firm a trusted partner for these entities.
Looking ahead, Legacy continues to expand and grow. As of January 1, 2025, the Firm will have 35 partners and principals, and it plans to add three new partners and two new principals in the coming year. This expansion reflects the continued demand for the specialized services that the Firm offers. Many of the Firm's partners are thought leaders in their fields, often speaking at major industry conferences such as the International Foundation of Employee Benefit Plans Annual Conference. Through this thought leadership and its dedication to client care, it has become a recognized name in the accounting and audit world. The Firm also takes pride in its philanthropic efforts, particularly the Donna A. Hubert Memorial Scholarship Fund, which supports women pursuing careers in accounting. This scholarship is a testament to the Firm's commitment to fostering future talent in the industry and continuing its Legacy of service to others.
Legacy Professionals LLP remains a trusted leader in providing niche audit, accounting, and tax services. With its deep expertise in specialized sectors, unwavering commitment to its core values, and dedication to client success, the Firm continues to thrive and expand. Its team of professionals works collaboratively to ensure that every client receives the attention and expertise they deserve, helping to secure the long-term success of those it serves. As the Firm looks to the future, it remains dedicated to upholding the standards of excellence that have made it a leader in its field and a trusted partner to its clients.
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