Selden Fox serves manufacturing companies throughout Chicago and state of Illinois (IL), and we are ready to assist with your tax, accounting, audit and financial reporting needs. The manufacturing industry is facing a time of increased uncertainty highlighted by challenges in tariff uncertainties, workforce concerns, and the ever-rising costs of raw material. At the same time, from a tax perspective, there are new opportunities resulting from tax reform for capital investments and more.
Our expertise working with more than 60 Chicago area and Illinois based manufacturing companies allows us to advise manufacturers on tax planning, compliance, audit, and various business issues.
The Illinois Manufacturing Facts
Top Illinois Manufacturing Sectors (In Millions of Dollars, 2016)
Source: National Association of Manufacturers
Chicago Manufacturing Services
We provide accounting, auditing, tax, and consulting services for manufacturing companies across Illinois. In addition, we work with their owners on their personal financial and tax matters. Based on the needs of the company, we can handle specific projects, or provide ongoing services, including:
- Tax planning and compliance
- Financial statement audit, reviews and compilations
- Business valuations
- Credit and financing alternatives
- Buy or lease analysis
- Management succession planning
- R&D tax credit utilization
- Internal control studies
- Implementation of revenue recognition/lease accounting changes
Manufacturing Jobs & Economic Output in Chicago Area
The manufacturing sector is crucial in the Chicagoland suburbs, with DuPage, Kane, and Lake counties joining Cook County as the top four locations for manufacturing employment in the state.
DuPage County
56,000 jobs
$21.3 billion in economic output
Kane County
34,200 jobs
$13.5 billion in economic output
Lake County
50,700 jobs
$35.7 billion in economic output
Cook County
192,548 jobs
$87.5 billion in economic output
Source: Illinois Manufacturers Association
Contact Our Chicago Manufacturing Team
Selden Fox can provide accounting, tax, and business consulting services to Chicago (IL) manufacturing companies. If you are interested in learning more about how we can assist you, complete the form below, and you will receive a prompt response.
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