59Legacy Professionals LLP (legacy-professionals-llp)
Joined 4 months ago from Westchester, IL
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 clients nationwide, providing comprehensive audit and tax services to employee benefit plans, labor organizations, nonprofit entities, and other organizations across 36 states. In addition to these services, it offers payroll compliance audit services for multi-employer benefit plans. With a dedicated Client Accounting & Advisory Services (CAAS) team, the firm provides outsourced accounting and advisory support to nonprofits and other organizations, ensuring its clients receive the specialized services they need.
Since its founding in 2003, Legacy has been committed to offering high-quality audit, accounting, and compliance services to employee benefit plans, labor organizations, nonprofits, and other entities. The firm was established by a team of partners, principals, and professionals who recognized the need for a niche-focused firm capable of addressing the specific needs of these sectors. Today, the firm is led by its third generation of leadership, which continues to build on the strong foundation laid by its founders. This dedication to delivering specialized, high-quality services ensures that clients receive the best possible support for their unique needs.
The mission of Legacy is to consistently provide top-tier audit and tax services to its clients in the employee benefit plan, labor organization, and nonprofit sectors. The firm's founders identified a growing need for specialized services tailored to these types of organizations, and Legacy was created to address that gap. The firm's focus on delivering high-quality, niche services remains a core aspect of its identity. Over the years, the firm has grown, expanding its capabilities while staying true to its original mission to provide exceptional audit and tax services.
The core values of Legacy are embodied in its team of professionals who are dedicated to serving clients with integrity, honesty, and objectivity. These values are fundamental to the firm's success, as they ensure that each team member is committed to providing the highest level of service. The firm's culture is centered around collaboration, continuous learning, and communication, which fosters a positive working environment for both employees and clients. The long-term relationships Legacy has built with its clients and employees are a testament to the firm's dedication to excellence, and its commitment to client success remains unwavering.
Legacy Professionals LLP offers a wide range of accounting and audit services, catering specifically to the needs of nonprofits, labor organizations, and employee benefit plans. The firm provides audits, reviews, and compilations, as well as tax and compliance services. Payroll compliance audits are another key service offered, along with financial statement write-up services, cost allocation analysis, and cost/benefit analysis. Additionally, the firm provides specialized reporting and data analysis, accounting and bookkeeping support, and outsourced accounting services. Its expertise in these areas allows it to deliver comprehensive, high-quality solutions tailored to the unique requirements of its clients.
When it comes to tax services, Legacy is known for its expertise and accuracy. The firm handles a variety of tax filings for its clients, including federal, state, and local tax matters. The firm's staff is skilled in navigating complex tax regulations and providing the necessary tax planning and guidance to ensure compliance. It prepares a significant number of Forms LM-2, 5500, and 990 for its niche clients, demonstrating its specialized focus. The firm also offers quarterly and annual payroll tax return services, along with federal and state tax code research and representation before governmental agencies. This comprehensive approach ensures that clients receive timely and accurate tax services.
Legacy has built a strong reputation in the industry, particularly for its expertise in serving employee benefit plans, labor organizations, and nonprofits. The firm's specialized services, such as payroll compliance audits, have helped establish it as a leader in its field. Many of the firm's partners are recognized thought leaders, frequently speaking at major conferences such as the International Foundation of Employee Benefit Plans Annual Conference. These speaking engagements reflect the firm's position as an authority in the industry and its ongoing commitment to staying at the forefront of developments in accounting, auditing, and payroll compliance.
Philanthropy plays a vital role at Legacy. The firm is proud of its charitable efforts, especially the Donna A. Hubert Memorial Scholarship Fund, which honors one of its beloved partners who passed away after a courageous battle with breast cancer. The scholarship, which awards $1,500 annually, supports women interested in pursuing careers in accounting and residing in Illinois, Indiana, or Minnesota. Several of its partners and employees serve on the scholarship fund's board, continuing the firm's Legacy of giving back to the community. This initiative underscores the firm's commitment to supporting future generations of accountants and fostering diversity within the profession.
As of January 1, 2025, Legacy Professionals LLP has grown to include 35 partners and principals, serving clients across the nation. The firm's continued expansion reflects its growing reputation for providing unparalleled expertise and client care. In the coming year, it will add three new partners and two new principals to strengthen its leadership team further. The firm's niche focus has proven to be a key factor in its success, allowing it to offer a level of service and expertise that sets it apart from competitors. It remains committed to its mission of providing high-quality services, and its growth is a testament to the ongoing trust placed in the firm by its clients.
Looking ahead, Legacy will continue to build on the foundation established by its founders, delivering exceptional audit and tax services while maintaining the values that have guided the firm's success since its inception. The firm's continued expansion and commitment to excellence ensure that it will remain a trusted partner for organizations in need of specialized accounting, audit, and tax services. As it moves into the future, it remains dedicated to its mission and values, always striving to deliver the highest level of service to its clients.