Legacy Professionals LLP
Regional CPA Firm
Legacy Professionals LLP is a Certified Public Accounting firm headquartered in Westchester, IL, with additional offices in Schererville, IN, and Edina, MN. The Firm serves clients nationwide, offering specialized audit and tax services to employee benefit plans, labor organizations, nonprofit entities, and other organizations in 36 states. Legacy also provides payroll compliance audit services for multiemployer benefit plans, and its Client Accounting & Advisory Services (CAAS) team supports nonprofits and other entities with outsourced accounting and advisory services.
Founded in 2003 by partners, principals, and professionals, Legacy was created to address the unique needs of employee benefit plans, labor organizations, and nonprofit organizations. Over the years, the Firm has built a reputation for providing highly focused, industry-specific services. Now in its third generation of leadership, Legacy remains dedicated to maintaining the high standards established by its founders and continues to specialize in these niche industries.
Mission and Values
Legacy Professionals LLP was founded to deliver high-quality audit and tax services to organizations requiring specialized expertise. By focusing on employee benefit plans, labor unions, and nonprofits, the Firm ensures that clients receive services from professionals who genuinely understand their needs and challenges. This targeted approach has been a cornerstone of the Firm’s success.
The Firm's core values are integrity, honesty, and objectivity. These values guide the Firm’s approach to client relationships, ensuring that each client is treated respectfully and precisely meets their needs. Legacy’s culture encourages collaboration, continuous learning, and open communication within the team and with clients. This approach has fostered long-term relationships with clients and employees, contributing to the Firm’s ongoing growth and success.
Areas of Expertise
Legacy Professionals LLP offers a range of specialized services tailored to the needs of its clients. The Firm has decades of experience in serving the following types of organizations:
Employee Benefit Plans: Legacy provides auditing and accounting services for both multiemployer (Taft-Hartley) and single-employer plans, covering areas such as pension plans, health and welfare plans, annuity funds, 401(k) plans, apprenticeship funds, and more.
Labor Organizations: This includes local unions, district and regional councils, and international unions, with services tailored to meet their specific regulatory and reporting needs.
Nonprofits: Legacy works with various nonprofit entities, including charitable organizations, trade associations, professional groups, and schools.
Small and Medium-Sized Businesses: The Firm also provides accounting and advisory services to small and medium-sized businesses seeking specialized solutions for their financial needs.
Accounting and Audit Services
Legacy Professionals LLP offers a comprehensive suite of accounting and audit services designed to meet the unique needs of its clients. The Firm’s expertise includes:
Audits, Reviews, and Compilations
Tax and Compliance Services
Payroll Compliance Audits
Financial Statement Write-up Services
Cost Allocation Analysis
Special Reporting and Data Analysis
Accounting and Bookkeeping Support
Outsourced Accounting Services
These services help organizations maintain compliance, improve financial performance, and make informed decisions. Legacy has extensive experience working with nonprofits, labor organizations, and employee benefit plans, ensuring each client receives services tailored to their industry requirements.
Tax Services
In addition to its audit and accounting services, Legacy Professionals LLP offers a wide range of tax services. The Firm’s tax team is skilled in handling federal, state, and local tax issues, ensuring clients comply with all applicable tax laws and regulations. Services include:
Tax Preparation
Tax Planning and Guidance
Quarterly and Annual Payroll Tax Returns
Federal and State Tax Code Research
Representation before Governmental Agencies
Laws and Regulations Updates
The Firm’s niche expertise extends to preparing complex forms such as LM-2, 5500, and 990, which labor organizations, employee benefit plans, and nonprofits often require. Legacy also helps these organizations navigate the ever-changing landscape of tax regulations, ensuring clients stay ahead of potential compliance issues.
Milestones and Growth
As of January 1, 2025, Legacy Professionals LLP employs 35 partners and principals and serves clients nationwide. The Firm’s focus on niche industries has set it apart from competitors and has contributed to its growth. Legacy plans to expand further in the coming year by adding three new partners and two new principals.
Many of Legacy’s partners are recognized as experts in their field, frequently speaking at industry conferences such as the International Foundation of Employee Benefit Plans Annual Conference. This thought leadership enables Legacy to stay at the forefront of industry developments and better serve its clients.
In addition to its business success, Legacy is also proud of its philanthropic efforts. The Firm established the Donna A. Hubert Memorial Scholarship Fund in honor of a beloved partner who passed away after battling breast cancer. The annual $1,500 scholarship supports women in Illinois, Indiana, and Minnesota pursuing careers in accounting. The Firm’s partners and employees remain committed to supporting the future of women in the accounting profession through this fund.
Legacy Professionals LLP has built a solid reputation for providing high-quality audit, tax, and advisory services to employee benefit plans, labor organizations, nonprofits, and other specialized entities. With a focus on integrity, expertise, and client success, Legacy continues to grow and expand its influence within its niche markets. Through technical knowledge, dedicated client service, and a commitment to lifelong learning, Legacy is positioned to continue serving its clients with the highest standards of excellence.
