Legacy Professionals LLP

Legacy Professionals LLP is a Certified Public Accounting firm based in Westchester, IL, with additional offices in Schererville, IN, and Edina, MN. Serving clients across 36 states, the firm offers a comprehensive range of audit and tax services tailored to the specific needs of employee benefit plans, labor organizations, nonprofit entities, and other organizations. In addition to these services, it provides payroll compliance audit services to multi-employer benefit plans. The firm also has a robust Client Accounting & Advisory Services (CAAS) team that offers outsourced accounting and advisory services to nonprofits and other entities, ensuring specialized and high-quality support for its clients. Founded in 2003 by a dedicated team of professionals, Legacy was established to provide top-tier audit, accounting, and compliance services to employee benefit plans, labor organizations, and nonprofits. The firm’s third generation of leadership continues to build on the vision laid out by its founders, maintaining a steadfast commitment to providing expert services to its niche markets. This dedication to excellence in specialized industries has ensured that clients receive the highest level of service from a firm uniquely focused on their needs. It has earned a reputation for its attention to detail, deep industry knowledge, and unwavering client support, which have been the cornerstone of the firm’s success. At the heart of Legacy's mission is a focus on delivering consistent, high-quality audit and tax services to its clients. The firm’s founders understood the need for a specialized approach to these services, catering to the distinct requirements of employee benefit plans, labor organizations, and nonprofit entities. It has been committed to maintaining this focus since its inception, ensuring that each client receives personalized and practical solutions. This specialized service model has allowed the firm to build long-term relationships with its clients, many of whom have been with the firm for years, relying on its expertise to navigate complex financial and regulatory landscapes. The culture within Legacy reflects its core values of integrity, honesty, and objectivity. These values are embodied by its team of auditors, accounting professionals, tax specialists, and administrative staff, all of whom are dedicated to providing exceptional service to clients. The firm recognizes that its success is directly tied to the success of its clients, which drives its commitment to offering focused, high-quality services. The firm fosters a positive work environment that emphasizes lifelong learning, communication, and mutual support, which not only benefits its employees but also enhances the client experience. Its dedication to a collaborative and engaging work culture contributes to its ability to attract and retain talented professionals who share its commitment to excellence. Legacy Professionals LLP provides a full suite of accounting and audit services that meet the unique needs of its diverse client base. The firm has years of experience serving nonprofit organizations, labor groups, and employee benefit plans, offering audits, reviews, and compilations, as well as tax and compliance services. Additionally, the firm provides payroll compliance audits, financial statement write-up services, cost allocation and cost-benefit analysis, special reporting, and data analysis. Its comprehensive accounting and bookkeeping support, as well as outsourced accounting services, further ensure that clients have access to all the resources they need to maintain financial integrity and compliance. In addition to its accounting and audit services, Legacy specializes in tax services that cater to the specific needs of its clients. The firm has an experienced team that is well-versed in handling federal, state, and local tax matters, ensuring that all tax filings are completed accurately and on time. As part of its niche focus, it prepares numerous Forms LM-2, 5500, and 990 for its clients in the employee benefit plan and nonprofit sectors. The firm also offers tax planning, guidance, and representation before government agencies, along with continuous updates on tax laws and regulations to help clients stay compliant in a constantly changing landscape. The firm has a proven track record of serving a broad range of clients, including trade, service, public employee, and industrial labor unions. It is highly regarded for its expertise in governmental reporting requirements and for keeping clients informed on regulatory changes from the Department of Labor (DOL) and the Internal Revenue Service (IRS). This specialized knowledge is a key asset for labor organizations that rely on the firm for expert advice and timely information on compliance matters. Its strong record of client service in this area underscores its commitment to being a trusted partner to organizations in need of reliable and up-to-date financial and tax guidance. The firm has grown significantly over the years and continues to expand its team. As of January 1, 2025, the firm will have 35 partners and principals, marking a significant milestone in its growth. The firm’s client-focused approach and niche expertise set it apart from competitors, and the exceptional care it provides to its clients has earned it a reputation for excellence. In the coming year, it is adding three new partners and two new principals, further expanding its capacity to serve clients with the same level of commitment and expertise that has driven its success. The firm’s growth is a testament to the enduring demand for its services and the strong relationships it has built with its clients. Legacy is also known for its philanthropic efforts, particularly its support of the Donna A. Hubert Memorial Scholarship Fund. This fund honors one of the firm’s partners who passed away after a battle with breast cancer and provides a $1,500 annual scholarship to women pursuing a career in accounting. The scholarship is available to women residing in Illinois, Indiana, or Minnesota, and several of the firm’s partners and staff serve on the scholarship fund's board. This initiative reflects its commitment to giving back to the community and supporting the future of women in accounting. The firm is proud of its charitable work and the positive impact it continues to make through programs like the scholarship fund. As Legacy Professionals LLP looks toward the future, it remains dedicated to its founding principles and the mission of providing specialized, high-quality services to its clients. With a continued focus on employee benefit plans, labor organizations, and nonprofit entities, the firm is well-positioned for ongoing success. Its client-centered approach, combined with its deep industry expertise, ensures that it will continue to be a trusted advisor to organizations nationwide. The firm’s commitment to excellence, integrity, and community engagement will remain the foundation of its growth and success in the years ahead.