Business Details
41 Years
experience
Your Trusted Accounting Partner in Schaumburg, IL
Since 1985, Pradip Patel & Company has dedicated itself to delivering tailored accounting and tax solutions to businesses and individuals across the United States. Founded by Pradip Patel, a Chartered Accountant and Certified Public Accountant, our firm combines over 60 years of combined experience with a family-oriented approach to client service. We specialize in small business accounting, payroll management, tax preparation, IRS audit representation, and strategic financial planning, ensuring clients receive precise and actionable guidance.Our team of certified professionals remains committed to staying ahead of evolving tax codes and technological advancements while maintaining a personal touch in every client relationship. With a focus on transparency, expertise, and reliability, we empower clients to achieve financial clarity and long-term success.
Services
Small Business Accounting
Payroll Services
Tax Preparation
IRS Audit Representation
Business Valuation
Succession Planning
Bank Financing
Tax Planning
Audits & Compilations
New Business Formation
Details
- Year established: 1985
Highlights and features
- We offer over 60 years of combined experience in accounting and tax services.
- Our team includes two generations of Certified Public Accountants (CPAs).
- We serve clients in over 35 states with industry-specific expertise.
- Our personalized approach ensures tailored solutions for every client.
- We handle complex IRS audit cases to protect your financial interests.
Services
Small Business Accounting
We manage your financial records, including bank reconciliations, income statements, and balance sheets, ensuring accuracy and compliance. Our services help business owners save time, avoid errors, and maintain clear financial insights. By outsourcing your accounting, you can focus on growth while we handle the details.
IRS Audit Representation
Our CPAs handle all IRS audit communications, documentation, and negotiations on your behalf. We protect your interests by ensuring compliance and minimizing liabilities. With decades of experience, we resolve audit cases efficiently, allowing you to avoid the stress and complexity of direct IRS interactions.
Payroll Services
We streamline payroll management, including tax filings, direct deposits, and compliance reporting. Our solutions reduce administrative burdens, ensure accurate employee payments, and keep your business aligned with federal and state regulations. Choose from comprehensive or after-the-fact payroll options tailored to your needs.
Tax Preparation
We prepare and file individual and business tax returns with precision, identifying deductions and credits to minimize liabilities. Our team ensures compliance with current tax laws and offers electronic filing for faster refunds. We also provide year-round tax planning advice to optimize financial outcomes.
Business Valuation
We provide objective business valuations to support mergers, acquisitions, or succession planning. Our analysis considers market conditions, financial health, and industry trends to deliver accurate assessments. These insights help clients make informed decisions about selling, buying, or restructuring businesses.
People
Pradip A Patel
Founder & CPA
Pradip Patel, a Chartered Accountant from India and U.S. Certified Public Accountant, founded the firm in 1985. With decades of experience, he specializes in tax strategy and business advisory services.
Ankit P Patel
Managing Partner & CPA
Ankit Patel joined the firm in 2007 and became a CPA in 2013. He focuses on client relations, financial reporting, and expanding the firms service offerings while maintaining a commitment to excellence.
Questions
What accounting services do you offer for small businesses?
We provide bookkeeping, payroll, financial statements, and tax compliance services tailored to small businesses.
How can you assist with IRS audits?
Our CPAs handle all audit communications, documentation, and negotiations to minimize your liability and stress.
Do you offer payroll processing solutions?
Yes, we offer comprehensive and after-the-fact payroll services, including tax filings and compliance reports.
What tax preparation services are available?
We prepare individual and business tax returns, optimize deductions, and offer electronic filing for faster refunds.
Can you help with business succession planning?
Yes, we develop customized succession plans to ensure smooth transitions for family-owned businesses.
What areas do you serve?
We serve clients in over 35 states, with our main office located in Schaumburg, Illinois.
