Find an Accountant near Edgebrook, IL

Find an Accountant near Edgebrook, IL

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Q & A

Answers to commonly asked questions from the experts on Thumbtack.

What is an accountant?

Accountants are financial professionals who have received an accounting degree from a four-year university or college. By trade, accountants prepare, maintain and examine the financial statements of an individual, business or institution. An accountant prepares reports for tax purposes and can also perform audits of public companies. Common tasks include creating budgets, analyzing profits and losses of a company, processing payroll, preparing financial statements for company leadership, and creating and maintaining financial database systems for a company.    

Accountants do not automatically have a Certified Public Accountant (CPA) designation unless they have passed the Uniform CPA Examination and received the proper license. Regardless of whether they are CPA certified or not, accountants can assist businesses and individuals with bookkeeping and financial reporting, while CPAs are more knowledgeable in tax codes as a result of the CPA licensing examination and continuing education requirements. CPAs are also eligible to represent clients before the IRS if audit support is required, while a non-CPA accountant is not. Academic background, years in the field and professional reputation all can affect an accountant’s rates.

Check out the average hourly rate for accounting services in your area.

How much does it cost to hire an accountant?

Accountants’ rates vary based on their education, licenses, experience, and the work for which they are being hired. An accountant may charge an hourly rate when a company or individual needs their services on a short-term basis, such as when performing an audit or requesting assistance setting up a financial database or process. Hourly rates can range as widely as $40 per hour to $300 or more per hour, depending on your geographic location and the accountant. Check out the average hourly rate for accounting services in your region.

Accountants may offer a package rate for weekly, monthly or annual services to reward ongoing customers. Many accountants offer online services where small businesses can access online accounting software and payroll assistance, and the accountant — for a monthly or other recurring fee — provides financial analysis and reporting of their numbers. For basic monthly accounting services, an accountant might charge anywhere from $75 to $500 or more, depending on what was included in a given package, the size of the client’s business, and the complexity of work requested. Nationally, full-time staff accountants earn between $40,000 and $80,000, depending on experience and other factors.

How much do accountants charge for tax help?

On average, individual tax preparation services cost $242, and prices typically range from $137- $454. However, many factors can impact how much an accountant will charge you for tax assistance. For an accurate price estimate, request quotes from several certified public accountants (CPAs) near you. 

Who licenses CPAs?

The Board of Accountancy for your state or district licenses certified public accountants (CPAs). When searching for a CPA to help you with your finances or taxes, make sure they are properly licensed in your state. Here are a few tools you can use to verify an accountant’s license:

You can also ask an accountant to provide proof of their license and credentials.

What do forensic accountants do?

Forensic accountants investigate financial crimes involving fraud, embezzlement and other issues. They often work closely with law enforcement and lawyers, and they can help determine the legality of financial activities, according to the BLS.

What do CPAs do?

According to the American Institute of CPAs, certified public accountant (CPAs) financially advise individuals, big companies and small businesses to help them reach their financial goals. For example, they can consult you on taxes and other accounting needs. 

Reviews for Edgebrook accountants
Mariusz s.
Ryan takes time to explain in details things about accounting, very important for me as I learn, detail-oriented, definitely recommended,
No Bull Financial ConsultingNo Bull Financial Consulting
Thumbtack Customer
Costa is a great accountant! Very thorough, prompt and reliable. And gives great business advice for those just starting out as well! He is very invested in your success, easy to reach, quick to reply and easy to work with.
Shepin CPA LLCShepin CPA LLC
Thumbtack Customer
I am happy that I found such an excellent accountant on Thumbtack. Greg is personable and punctual. He is willing to work with me at an affordable rate, which is crucial to me as a small business owner. I hope to work with him for many years to come.
MTG Accounting &Tax, LLCMTG Accounting &Tax, LLC
Anita M.
J&R Accounting Group LLC contacted me promptly, offered guided information and really gave me both confidence to move forward and the desire to excel so I can return to them when the time is right for me. I highly recommend this company. Thank you kindly!
J&R Accounting Group LLCJ&R Accounting Group LLC
Gerson G.
I hired Carolina for my small business Bookkeeping. She is very knowledgeable and has proven experience on accounting. She is honest and is helping me to manage my business the best way posible with out infringing the law. I would definitely recommend her for her “can do” attitude and her friendly personality.
Almeida’s Bookkeeping ServicesAlmeida’s Bookkeeping Services
Daniel S.
As a new business owner I was definitely in over my head, but thanks to Greg I have someone I can count on to handle my accounting needs so I can focus on running my store. His communication is top-shelf, and his assistance has been invaluable. Many, many thanks!
MTG Accounting &Tax, LLCMTG Accounting &Tax, LLC
Thumbtack Customer
We love Greg, he has been very patient and helpful with us. We are new business owners and we have not been very organized; we definitely have a lot to learn. He is very professional and punctual, he is straightforward and well-informed and responds very well to several forms of communication- texts, calls, emails, Thumbtack messages. He has good knowledge of Quickbooks, is extremely flexible when it comes to meeting, and understands that as new business owners we don't have a lot of money to play with. We are very happy to have Greg as our accountant, would definitely recommend.
MTG Accounting &Tax, LLCMTG Accounting &Tax, LLC
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