Business Details
46 Years
experience
Trusted Accounting Services in Peoria, IL
Romolo & Associates & Associates has been dedicated to providing exceptional accounting and financial services since 1980. Our firm was founded on the principle of assisting clients in every aspect of their financial lives, combining expertise, experience, and a hands-on approach to deliver personalized solutions. With a team of seasoned professionals, we prioritize professionalism, responsiveness, and quality in every client interaction. As one of the leading accounting firms in the region, we maintain long-term relationships with our clients through consistent, reliable service and staff retention. Our CPAs hold valid Illinois licenses, ensuring compliance with state standards and regulatory requirements.We specialize in tax planning, financial reporting, and compliance services for individuals, businesses, and nonprofit organizations. Our commitment to detail extends to payroll compliance exams, QuickBooks support, and multiemployer ERISA plan services. We actively collaborate with other professionals to ensure clients receive comprehensive solutions for all financial matters. Our track record of over four decades demonstrates our ability to adapt to evolving financial landscapes while maintaining core values. We believe in building lasting client relationships through transparent communication and a deep understanding of each client's unique financial goals.
Services
Tax Return Preparation
Financial Planning
Bookkeeping Services
Payroll Compliance
Estate Planning
QuickBooks Support
Nonprofit Compliance
Tax-Exempt Applications
IRS Representation
Audit Services
Details
- Year established: 1980
Highlights and features
- We have over 40 years of experience in accounting and tax services
- Our team consists of licensed Illinois CPAs with hands-on expertise
- We provide personalized attention through long-term staff relationships
- We specialize in complex areas including ERISA plans and nonprofit compliance
- We maintain professional partnerships to ensure comprehensive solutions
Services
Tax Return Preparation
We prepare comprehensive tax returns for individuals and businesses, including Forms 1040, 1120, 990, and 5500. Our services cover all payroll-related forms and multiemployer benefit plan distributions. Our experienced CPAs ensure accurate filings while maximizing tax benefits through strategic planning.
Payroll Compliance
Our firm conducts payroll compliance exams for contributing employers and multiemployer ERISA plans. We ensure adherence to regulatory requirements while maintaining accurate reporting for union and nonprofit organizations. Our services include audit preparation and compliance documentation.
Estate Planning
We provide estate planning solutions that address wealth preservation and transfer strategies. Our services include tax-efficient planning, trust establishment, and documentation review to help clients protect assets while complying with current tax regulations.
Nonprofit Compliance
We specialize in nonprofit financial reporting, including 990/5500 return preparation and tax-exempt status applications. Our team understands the unique regulatory requirements for charitable organizations and labor unions, ensuring complete compliance with federal guidelines.
QuickBooks Support
We offer implementation, setup, and training for QuickBooks and Sage accounting software. Our technical support helps businesses optimize financial tracking systems while maintaining accurate records for tax and reporting purposes.
People
Joe Romolo
CPA
Joe Romolo & Associates & Associates brings decades of accounting expertise to Romolo & Associates & Associates. As a licensed CPA in Illinois, he specializes in tax planning and compliance for businesses and individuals.
Kristin Romolo
CPA
Kristin Romolo & Associates & Associates provides comprehensive accounting services with a focus on nonprofit organizations. Her expertise in tax-exempt compliance ensures clients meet all regulatory requirements while maintaining financial efficiency.
Jennifer Smith
CPA
Jennifer Smith specializes in individual and business tax planning. With extensive experience in Illinois tax regulations, she helps clients optimize their financial strategies while ensuring compliance with state and federal requirements.
Questions
What accounting services do you offer?
We provide tax return preparation, financial planning, payroll compliance exams, QuickBooks support, and nonprofit compliance services for individuals and businesses.
Are you licensed CPAs?
Yes, all our CPAs hold valid Illinois CPA licenses and maintain professional certifications to ensure compliance with state accounting standards.
Do you work with nonprofit organizations?
Yes, we specialize in nonprofit compliance including 990/5500 returns, tax-exempt applications, and multiemployer ERISA plan services for labor unions and charitable organizations.
Do you offer tax planning services?
Yes, we provide comprehensive tax planning strategies for individuals and businesses to optimize financial outcomes while maintaining compliance with current tax regulations.
