Peoria, IL CPA Firm for S-Corps & Small Businesses
With 18+ years of experience helping business owners across the country, I bring specialized expertise to Peoria’s Heavy Equipment Manufacturing, Healthcare, Agriculture economy. Whether you’re managing Complex manufacturing cost accounting and equipment depreciation for heavy machinery suppliers and ag-related businesses or capitalizing on Caterpillar supply chain ecosystem creating steady vendor and subcontractor demand for specialized manufacturers, SDO CPA provides the virtual accounting support your business needs.
We offer cloud-based tax preparation, bookkeeping, payroll, and fractional CFO services designed for Peoria business owners who want proactive guidance — not just annual tax filing.
Key Takeaways: Peoria CPA Services
- Virtual CPA services — Full tax, bookkeeping, and advisory support without geographic limitations
- Illinois tax expertise — Illinois has a flat 4.95% income tax plus Chicago city-level taxes planning and multi-state compliance
- Industry focus — Specialized experience with Heavy Equipment Manufacturing, Healthcare, Agriculture
- Transparent pricing — Upfront estimates starting at $300/month; if scope changes, we discuss it first
- Responsive support — Direct CPA access, same-day responses
Accounting & Tax Services in Peoria, IL
Peoria has been synonymous with heavy equipment manufacturing since Caterpillar Inc. established its global headquarters here, and the company’s presence continues to anchor the regional economy despite the 2017 HQ relocation to Deerfield. Caterpillar’s massive manufacturing, testing, and R&D facilities along Route 24 and Adams Street still employ thousands, and hundreds of Tier 1 and Tier 2 suppliers operate throughout the Peoria metro area. OSF HealthCare and UnityPoint Health Methodist serve as the city’s healthcare anchors, supporting a network of medical practices, specialty clinics, and health technology companies in the growing medical district. The Illinois River corridor south of Peoria supports agricultural operations including grain processing, livestock, and farm equipment dealerships. SDO CPA works with Peoria manufacturers, healthcare providers, and agricultural businesses to handle complex cost accounting, maximize Section 179 and bonus depreciation on equipment purchases, and structure entities for multi-state sales tax compliance. We analyze your production costs and overhead allocations monthly, helping Caterpillar suppliers and independent manufacturers maintain clean financials while optimizing their Illinois PTE election and federal tax positions.
Illinois Tax Planning Tip
Illinois has a flat 4.95% income tax that applies to all pass-through entity income. S-Corp owners should evaluate Illinois’s pass-through entity tax (PTE) election to work around the federal SALT deduction cap — this can save $5,000-$20,000 for owners with $200K+ in Illinois-source income. Chicago businesses also face the city’s 0.4% personal property lease transaction tax on equipment rentals.
CPA Services for Peoria Businesses
Business Tax Preparation
Federal and Illinois business tax returns for LLCs, S-Corps, partnerships, and sole proprietors.
Bookkeeping & Accounting
Monthly bookkeeping, bank reconciliation, and financial statements using QuickBooks or Xero.
Payroll Services
Full-service payroll processing, tax deposits, and quarterly filings through Gusto integration.
Tax Planning & Strategy
Proactive tax planning to minimize liability through entity selection, retirement contributions, and timing strategies.
Fractional CFO
Cash flow forecasting, budgeting, and financial strategy for growing Peoria businesses.
S-Corp Tax Services
Reasonable compensation analysis, QBI optimization, and S-Corp election guidance for Peoria business owners.
Common Challenges for Peoria Business Owners
Challenge
Peoria businesses often face Complex manufacturing cost accounting and equipment depreciation for heavy machinery suppliers and ag-related businesses, making tax planning and cash flow management more complex than standard approaches allow.
Our Approach
We provide proactive tax planning and fractional CFO services tailored to Peoria’s business environment, helping you handle Complex manufacturing cost accounting and equipment depreciation for heavy machinery suppliers and ag-related businesses with confidence.
Challenge
Many Peoria business owners struggle to get timely responses from their CPA, especially during busy seasons when questions are most urgent.
Our Approach
SDO CPA provides direct access to your CPA team with same-day response times. No call centers, no waiting weeks for answers.
Challenge
Tax preparation alone doesn’t help Peoria business owners understand their financial position or make informed decisions throughout the year.
Our Approach
We deliver monthly financial reports with actionable insights, helping you understand cash flow, profitability, and tax liability before year-end.
“SDO CPA helped our Caterpillar supply company navigate $82,000 in equipment depreciation across three facilities. Their manufacturing accounting expertise and monthly reporting keep our cash flow predictable through production cycles.”— Michael D., Heavy equipment parts manufacturer in Peoria
How to Get Started With SDO CPA
Schedule Your Free Consultation
Book a call to discuss your Peoria business, current financial setup, and goals.
Get Your Custom Proposal
Receive a clear proposal with upfront estimates — if scope changes, we discuss it first.
Seamless Onboarding
We connect to your QuickBooks or Xero and organize your books within 30 days.
Ongoing Partnership
Monthly reports, proactive tax planning, and year-round CPA access.
Why Peoria Business Owners Choose SDO CPA
Illinois Tax Expertise
We understand Illinois has a flat 4.95% income tax plus Chicago city-level taxes and help Peoria businesses maximize tax advantages while managing federal obligations and multi-state complexity.
Transparent Pricing
Clear monthly estimates for standard services. We scope your needs upfront and communicate before any additional work. See our pricing.
Cloud-Based & Virtual
Access your financials anywhere. We work with QuickBooks Online, Xero, Gusto, and Ramp to keep your Peoria business running smoothly.
S-Corp & Partnership Specialists
Our clients are pass-through entity owners. We handle reasonable compensation analysis, K-1 preparation, QBI optimization, and entity selection.
Responsive Communication
Get answers when you need them. Our team responds within one business day, and you’ll have direct access to your CPA.
Frequently Asked Questions
Resources for Peoria Business Owners
Also Serving Central Illinois
SDO CPA provides virtual CPA services to businesses throughout Central Illinois and Illinois.
Ready to Work With a CPA Who Understands Peoria Businesses?
Schedule your free consultation today. We’ll analyze your tax situation and provide an upfront estimate with no obligation.
Schedule a Call