Scheffel Boyle CPAs

What Scheffel Boyle CPAs does

Scheffel Boyle CPAs is a privately held regional accounting firm founded in 1924 and headquartered in Edwardsville, Illinois, operating seven offices across Alton, Belleville, Carrollton, Columbia, Highland, and Jerseyville. The firm delivers a full-service professional offering across five practice lines — tax planning and preparation, audit and assurance, accounting and bookkeeping services, business consulting, and financial advisory (the latter routed through an affiliated Scheffel Financial Services subsidiary) — and specializes those services across eight industry verticals: construction, financial institutions, agribusiness, governmental entities, non-profits, privately held businesses, individual clients, and employee benefit plans.

The firm is ranked #11 on the St. Louis Business Journal's Largest Accounting Firms Lists by both CPA count and professional count (2024), holds an unqualified AICPA Peer Review opinion (2023, the highest rating available), and has been a continuous operator for over 100 years. It is an independent member of the BDO Alliance USA (joined 2006), providing access to national and international technical resources while retaining local ownership. The current scale (51-100 employees) was materially augmented by the 2014 merger of Scheffel & Company, P.C. and J.W. Boyle & Co., LTD. Practitioners hold industry-specific credentials including the CCIFP designation, and the construction accounting team alone carries more than 100 combined years of specialized experience.

The firm's business model is entirely professional services: revenue is generated on a quote-based, tailored-engagement basis across tax, audit, accounting, consulting, and advisory work, with no disclosed pricing tiers, SaaS, or productized offerings. Acquisition is driven by direct client engagement across seven physical offices, supplemented by educational webinars, a content/blog engine, community involvement (notably the annual Day of Service), and referral networks built through 10+ trade-association memberships in construction, banking, agribusiness, and local chambers of commerce. Long-tenured client relationships (multiple disclosed accounts spanning 30+ years) underscore the franchise's retention profile, though revenue concentration, headcount scale, and financial performance are not publicly disclosed.

Name

Scheffel Boyle CPAs

Legal name

Scheffel Boyle CPAs

Website

https://scheffelboyle.com

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

51–100 employees

Short description

Scheffel Boyle CPAs is a privately held regional accounting firm founded in 1924, operating seven offices across Southern Illinois to deliver tax, audit, accounting, consulting, and financial advisory services across construction, financial institutions, agribusiness, government, non-profit, and privately-held business sectors.

Ownership category

akta.pro rank

Headquarters

HQ city

Alton

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Tax Planning & Preparation Services: Professional tax planning and preparation services for individuals, corporations, trusts, estates, non-profits, and partnerships. Includes business taxes, personal taxes, estimated tax calculations, tax planning projections, estate planning, cost segregation services, sales tax consultation, representation before tax authorities, choice of entity selections, business valuations, and payroll tax services.
2. Audit & Assurance Services: Financial statement audits, reviews, and compilations; employee benefit plan audits; agreed-upon procedures; internal control reviews; budgets and projections; Sarbanes-Oxley compliance; immigration compliance audits; due diligence and special investigations.
3. Accounting & Bookkeeping Services: Outsourced accounting services including cash flow analysis, accounts payable, bookkeeping, payroll preparation, general ledger maintenance, compilation of financial statements, month-end closing, state and federal cost reports, and sales/use tax return preparation.
4. Business Consulting Services: Strategic consulting including executive compensation calculations, fee studies, practice analysis, bond acquisition assistance, buy-sell agreements, ratio analysis, financing analysis, business valuation, accounting systems design, and merger/acquisition studies.
5. Financial Advisory Services: Wealth management and financial guidance through strategic partnership with Scheffel Financial Services, Inc. Independent, objective financial planning for individuals and businesses, including retirement planning, succession planning, and investment guidance.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Scheffel Boyle CPAs is a regional public accounting firm that provides tax planning and preparation, audit and assurance, accounting/bookkeeping, business consulting, and financial advisory services to individuals and businesses across eight verticals (Construction, Financial Institutions, Agribusiness, Governmental Entities, Non-Profits, Privately-Held Businesses, Individuals, and Employee Benefit Plans). Services are delivered by credentialed CPAs and Principals through seven Illinois offices and through on-site engagements, with wealth management offered via an affiliated company.

Product overview

Scheffel Boyle CPAs is a regional accounting firm that offers a unified suite of professional services rather than a software product platform. The core service portfolio consists of five main offerings: Tax Planning & Preparation, Audit & Assurance, Accounting Services, Consulting Services, and Financial Advisory (delivered through the affiliated Scheffel Financial Services). These services are delivered across multiple industry verticals including Construction, Financial Institutions, Agribusiness, Governmental Entities, Non-Profit Organizations, Privately-Held Businesses, Individual Clients, and Employee Benefit Plans. The firm operates seven office locations throughout Southern Illinois and serves clients throughout the St. Louis and Metro-East regions. The firm is an independent member of the BDO Alliance USA, providing access to national and international resources while maintaining local expertise.

Differentiator

Problem solved

Functional benefit

Brands

• FOCUS Internship Program: An experiential paid internship program for accounting students offering mentoring, specialized training, and in-depth introduction into public accounting.
• Scheffel Boyle Shares

Products and services

• Tax Planning & Preparation Professional tax planning and preparation services for individuals, corporations, partnerships, trusts, and estates. Includes income tax return preparation, estimated tax payment calculation, estate planning, cost segregation services, sales tax consultation, representation before tax authorities, and choice of entity selections.
• Audit & Assurance Audit, review, and compilation services for financial statements, including employee benefit plan audits, agreed-upon procedures, internal controls review, budgets & projections, Sarbanes-Oxley Section 404 compliance, immigration compliance audits, and due diligence & special investigations.
• Accounting Services Outsourced accounting services including cash flow analysis & budgeting, accounts payable & bookkeeping, payroll preparation, general ledger maintenance, compilation of financial statements, accounting software assistance (QuickBooks), month-end closing, and federal & state business registrations.
• Consulting Services Business consulting services including executive compensation calculations, fee studies, practice analysis, bond acquisition assistance, buy-sell agreements, ratio analysis, financing alternative analysis, business valuation, merger and acquisition studies, and organizational studies.
• Financial Advisory Wealth management and financial advisory services provided through strategic partnership with Scheffel Financial Services, Inc., offering independent and objective guidance for individuals and businesses across various life stages.
• Construction Industry Accounting Specialized construction industry accounting with over 100 combined years of experience, including tax & compliance services, audit & assurance, performance analysis, corporate finance, and bonding & financing consulting for contractors, homebuilders, and real estate investors.
• Financial Institution Services Accounting and advisory services for banks, thrifts, and credit unions with decades of experience, including financial audits, directors' exams, benefit plan audits, merger & acquisition consulting, and regulatory compliance assistance.
• Agribusiness Accounting Accounting services for farmers and agribusiness clients including 1031 exchange analysis, FSA form assistance, federal & state tax return preparation, business succession planning, and financial advisory for implement dealerships, cooperatives, and grain elevators.
• Governmental Entities Accounting Accounting and audit services for local governments and municipalities including A-133, Yellow Book, and GASB 34 compliance audits, agreed-upon procedures, budget preparation, fixed asset planning, and operational reviews.
• Non-Profit Organization Services Accounting and audit services for non-profit organizations including A-133 and Yellow Book audits, benefit plan audits, exempt organization tax returns, Medicare and Medicaid cost reports, and cash flow analysis.
• Privately-Held Business Services Comprehensive accounting services for privately-owned businesses including succession planning, accounting & outsourcing, financial advisory, audit & assurance, tax planning, buy-sell agreements, benefit plan auditing, and payroll services.
• Individual Client Services Personal financial services including individual tax preparation, tax planning & strategies, college planning, and wealth management for individuals at various life stages.
• Employee Benefit Plan Services Employee benefit plan services including payroll record audits, financial statement audits, claims payments audits, retirement plan selection consulting, Form 5500 preparation, and general consulting on plan design and compliance for 401(k), 403(b), and defined benefit plans.

Quantifiable outcome

• Ranked #11 for number of CPAs and #11 for number of professionals in STL Business Journal's Annual Largest Accounting Firms Lists
• +2 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core, major and minor.

• BDO Alliance USAcoreStrategic or Co-development Partner · 1 January 2006Scheffel Boyle is an independent member of the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms. This membership provides access to BDO USA and the global BDO network resources, including technical knowledge, training programs, domestic and international coverage capabilities, and specialized expertise across industries. The partnership enhances client services and broadens firm capabilities overall.
• Scheffel Financial Services, Inc.coreStrategic or Co-development PartnerScheffel Boyle's strategic partnership with Scheffel Financial Services allows the firm to provide independent and objective wealth management strategies and solutions to clients. This collaboration combines extensive tax law, accounting practices, and business strategies expertise with financial planning and wealth management services, making the firm a trusted comprehensive financial partner.
• American Institute of CPAs (AICPA)coreStrategic or Co-development PartnerIndividual active members of the AICPA. Firm professionals regularly participate in continuing education and professional training programs through this nationwide organization. The firm also maintains membership in the AICPA Governmental Audit Quality Center (GAQC) and Employee Benefit Plan Audit Quality Center (EBPAC).
• Illinois CPA SocietycoreStrategic or Co-development PartnerThrough this organization, firm professionals receive regular training and education on many subjects including state tax regulations and audit and assurance standards specific to Illinois.
• Southern Illinois Builders Association (SIBA)majorStrategic or Co-development PartnerMember since 2007. SIBA represents those in the construction industry and those serving the construction industry throughout the 39 counties of Southern Illinois. Firm has co-hosted webinars with SIBA on PPP loans and tax updates.
• Associated General Contractors of Illinois (AGCI)majorStrategic or Co-development PartnerMember since 2012. AGCI provides services to those working in the construction industry. Firm has partnered with AGCI for webinars on PPP loans, tax updates, and other relevant topics.
• Construction Financial Management Association (CFMA)majorStrategic or Co-development PartnerMember since 2009. A non-profit organization dedicated to providing financial resources and solutions to those in the construction industry. Supports firm's construction accounting specialization.
• Certified Construction Industry Financial Professional (CCIFP)minorOthersFirm professionals Mark Korte and Scott Weber have earned the CCIFP designation, the only designation and standard available to recognize that a financial professional truly knows the construction industry.
• Construction Accounting NetworkmajorStrategic or Co-development PartnerMember and Co-Founder. The Construction Accounting Network allows financial professionals working in the construction industry to be involved in a professional network of their peers. It is extremely education-focused for CPAs working in the industry.
• Construction Industry CPAs/Consultants Association (CICPAC)minorStrategic or Co-development PartnerMember since 2010. This national association of CPA firms represents those working in the financial industry for construction clients and provides resources and education to members.
• Community Bankers Association of Illinois (CBAI)majorStrategic or Co-development PartnerThe mission of CBAI is to provide members a competitive edge by aggregating political, economic, and marketing power. Dedicated to keeping community banks competitive through quality education, political representation, and essential products and services.
• Illinois Bankers AssociationmajorStrategic or Co-development PartnerThe voice of Illinois' banking industry, a full-service trade association dedicated to creating a positive business climate that benefits the entire banking industry and the communities they serve.
• Equipment Dealers Association (EDA)minorStrategic or Co-development PartnerMembers since 2017. A non-profit trade organization representing approximately 4,500 retail dealerships focused on sale and service of agricultural, construction, industrial, forestry, outdoor power, lawn and garden, and/or turf equipment.
• Grain and Feed Association of Illinois (GFAI)majorStrategic or Co-development PartnerMembers since 2018. As the statewide trade association for the grain and feed industry in Illinois, GFAI represents more than 90% of the commercial grain storage space in Illinois. Supports firm's agribusiness specialization.
• St. Louis Agribusiness ClubminorStrategic or Co-development PartnerIndividual Members since 2017. A forum for interaction and discussion of important agricultural issues among St. Louis-based corporations and associations. Firm has partnered with the club for webinars.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Eide Bailly LLP: Top-25 regional CPA firm with multi-state presence, providing tax, audit, and advisory services to middle-market and closely-held businesses. Comparable in vertical specialization and target-client profile (community banks, construction, agribusiness, government).
• Wipfli LLP: Top-25 U.S. accounting firm serving middle-market businesses with tax, audit, and industry-specific consulting. Comparable multi-vertical, multi-office professional-services model, with industry groups that overlap Scheffel Boyle's construction, financial-institution, and agribusiness practices.
• Anders CPAs + Advisors: Mid-size St. Louis regional accounting and advisory firm providing tax, audit, and consulting to privately-held businesses and individuals. Directly comparable in size and full-service, multi-vertical positioning with similar professional-services delivery model.
• Sensiba San Filippo (Sensiba): Multi-office regional CPA firm offering tax, audit, and advisory with defined industry verticals (including construction and financial services). Comparable to Scheffel Boyle in mid-tier size, vertical specialization, and cross-industry certifications like CCIFP.
• RubinBrown LLP: St. Louis-based regional CPA firm of comparable size serving middle-market businesses with multi-vertical tax, audit, and advisory services. Operates in the same Metro-East/Southwestern Illinois competitive market, with similar multi-decade client tenure and industry specialization.

Broad incumbents

• CliftonLarsonAllen (CLA): Top-10 U.S. accounting firm focused exclusively on middle-market businesses with industry-specific practices (financial institutions, construction, agribusiness, government). A larger competitor pursuing the same mid-market segments Scheffel Boyle serves, but with national reach and broader consulting depth.
• RSM US LLP: Top-5 U.S. middle-market accounting and consulting firm with deep financial-institutions and construction industry practices. Direct competitor for larger engagements in Scheffel Boyle's core verticals, but with significantly broader geographic and service-line footprint.
• Forvis Mazars: Top-10 U.S. accounting firm (formed through merger of BKD and Brown Smith Wallace, both with St. Louis presence) providing audit, tax, and advisory to middle-market clients across financial services, construction, and government. Comparable in target verticals but materially larger.

Regional players

• Porte Brown LLC: Illinois-based mid-size CPA firm serving closely-held businesses, individuals, and small organizations with tax, audit, and accounting services. Comparable full-service regional CPA model, but smaller in scale and primarily operating in the Chicago suburbs rather than Southwestern Illinois.

Others

• BDO USA P.C. Top-10 U.S. accounting firm and Scheffel Boyle's BDO Alliance USA partner, providing national and global reach, technical resources, and cross-border capability. Functions as a strategic alliance partner while also being an indirect competitor for larger engagements that escalate out of regional scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/scheffelboyle
• LinkedInlinkedin.com/company/scheffelboyle

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scheffel Boyle CPAs