Universal Accounting Services

What Universal Accounting Services does

Universal Accounting Services Inc. is a privately held, full-service accounting and tax firm headquartered at 419 A E. Euclid Ave, Mount Prospect, Illinois, serving primarily small businesses, individual taxpayers, and estate/trust clients across Illinois and other U.S. states. The firm offers a horizontally structured service portfolio including bookkeeping (delivered by QuickBooks certified professionals), full-service payroll processing via an ADP partnership, corporate/partnership/individual tax preparation and e-filing, estate/gift/trust tax returns, sales tax preparation, IRS and state/local tax representation, tax relief services, audit and review engagements, financial statement compilation, financial forecasting, quarterly report preparation, company structure advisory, and business planning.

The firm's underlying technology stack is built on third-party, industry-standard platforms rather than proprietary systems — ADP for payroll processing infrastructure and QuickBooks for bookkeeping — supplemented by a self-service client portal (myaccount.uasglobal.com) that supports document upload, account management, and communication. There is no proprietary software, no mobile app, and no API/SDK offering. The firm's principal, Nilesh Topiwala, holds CPA, Insurance Agent, Real Estate Agent, and Mortgage Advisor credentials, enabling cross-sell of insurance, real estate, and mortgage advisory alongside accounting and tax services.

The business model is straightforward fee-for-service professional services across four revenue streams: professional accounting services, tax preparation and planning, payroll services, and audit/review services. Pricing is quote-based and not publicly disclosed. Go-to-market is sales-led and direct, relying on the company website (uasglobal.com), inbound phone and email, and in-person consultations at the Mount Prospect office, with no visible social media, content marketing, or intermediary distribution channels. The firm operates with 11-50 employees and no disclosed funding, ownership structure, or M&A history.

Name

Universal Accounting Services

Legal name

UNIVERSAL ACCOUNTING SERVICES INC

Website

https://uasglobal.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Universal Accounting Services is a privately held, Mount Prospect, Illinois-based accounting firm offering bookkeeping, payroll (via ADP), tax preparation, audit, and financial advisory services to small businesses, individuals, and estate/trust clients across multiple U.S. states.

Ownership category

akta.pro rank

Product category

Professional Accounting Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

akta.pro primary industry

Accounting & Bookkeeping Services (BPAHABAC)

Keywords

• Accounting services
• Bookkeeping services
• Tax preparation services
• Payroll processing services
• Audit and review services

Headquarters

HQ city

Mount Prospect

HQ country

United States

HQ region

North America

Offices1 record

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. Professional Accounting Services: Fee-for-service professional services including accounting, bookkeeping, financial statement compilation and review, business planning, and consulting services.
2. Tax Preparation and Planning Services: Corporate, partnership, and individual tax preparation with e-filing services. Estate, gift, and trust tax return preparation. Sales tax preparation for businesses.
3. Payroll Services: Full-service payroll processing through ADP partnership, including direct deposit, time tracking, benefits administration, and compliance services.
4. Audit and Review Services: Independent audit, review, and compilation services providing third-party credibility for financial reporting and compliance purposes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Universal Accounting Services is a full-service accounting firm providing accounting, bookkeeping, payroll, financial statement compilation, tax preparation and planning, audit/review, and business consulting services. The firm leverages QuickBooks certified professionals for bookkeeping and an ADP partnership for payroll processing infrastructure. It serves small businesses and individuals in Illinois and across other U.S. states with e-filing, IRS representation, and multi-state tax expertise.

Product overview

Universal Accounting Services is a full-service accounting firm offering a comprehensive suite of financial services organized around core accounting, tax planning/preparation, payroll processing (via ADP partnership), and audit/review services. The firm provides ancillary services including business planning, bookkeeping, financial forecasting, company structure advisory, and consulting services (offered through Nilesh Topiwala as CPA, Insurance Agent, Real Estate Agent, and Mortgage Advisor). Customers access services through the My Account self-service portal. The portfolio includes tax relief services and e-filing capabilities for corporate, partnership, individual, estate, gift, and trust returns. The firm is based in Mount Prospect, IL and primarily serves Illinois businesses with capabilities extending to other states and city taxes.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting Services Board-certified accounting services for small businesses and individuals, with continuous certifications and seminars to stay current on laws, regulations, and techniques.
• Bookkeeping Services Complete bookkeeping delivered by QuickBooks certified professionals, including journal entries, account reconciliation, and financial statement compilation, allowing business owners to focus on operations.
• Payroll Services Full-service payroll processing via ADP partnership, including 24-hour direct deposit, employer and employee access, time tracking, benefits administration, 401Ks, HSA, health insurance pre-tax processing, and wage garnishments compliance.
• Audit and Review Services Comprehensive auditing, review, and compilation services providing accurate and reliable financial information for commercial integrity and capital availability.
• Financial Statement Review and Compilation Professional compilation and review of financial statements for any size business, including journal entries and account reconciliation.
• Financial Forecasting Forecasting projections to help management foresee and plan for unexpected business situations.
• Quarterly Report Preparation Preparation of payroll and Profit & Loss quarterly reports with deadline compliance.
• Business Planning Strategic business planning and solutions to help small businesses stay competitive, reduce administrative burden, and focus on growth.
• Tax Planning Proactive tax planning to help businesses and individuals plan for taxes before business operations begin and throughout the year.
• Tax Preparation (Corporate, Partnership, Individual) Corporate, partnership, and individual tax preparation with e-filing services aimed at maximizing deductions.
• Estate, Gift, and Trust Tax Returns Federal and state estate, gift, and trust tax return preparation services.
• Sales Tax Preparation Monthly or quarterly sales tax form preparation for Illinois, other states, and city taxes.
• IRS and State/Local Tax Representation Complete representation before major tax bodies (IRS and state/local authorities) with continuously updated tax law knowledge.
• Tax Relief Services Tax relief services for individuals and businesses facing tax issues.
• Company Structure Advisory Advisory service to help determine the best business structure based on industry norms and prevailing tax laws.
• Federal and State Forms Setup Assistance with applying for federal and state IDs, licenses, and applications required to operate a business.
• Consulting Services (Insurance, Real Estate, Mortgage Advisory) Business consulting services covering insurance, real estate, and mortgage advisory, delivered through principal Nilesh Topiwala, who holds credentials as CPA, Insurance Agent, Real Estate Agent, and Mortgage Advisor.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• ADPcoreTechnology or IntegrationADP provides the payroll processing infrastructure for Universal Accounting Services clients. The partnership enables comprehensive payroll solutions including 24-hour direct deposit, employer and employee access, time tracking, benefits administration, 401Ks, HSA, health insurance pre-tax processing, wage garnishments, and compliance services.
• QuickBookscoreTechnology or IntegrationUniversal Accounting Services employs QuickBooks certified professionals to serve client bookkeeping and payroll needs. The partnership enables professional bookkeeping services, journal entries, account reconciliation, and financial statement compilation.

Recent moves6 records

Expansion highlights4 records

Direct peers

• Padgett Business Services: Franchise-based accounting and tax services network targeting small businesses with bookkeeping, payroll, tax, and advisory offerings — directly comparable to UAS's SMB-focused, multi-service local-firm model.
• CliftonLarsonAllen (CLA): Top-10 U.S. accounting firm focused on private SMB and mid-market clients across accounting, tax, audit, and advisory — closely aligned with UAS's target customer and full-service delivery model.
• 1-800Accountant: Virtual accounting firm serving small businesses and individuals with bookkeeping, tax, payroll, and advisory — comparable in customer segment and service breadth, though delivered via a centralized remote model.

Emerging players

• Bench (by Employer.com): SMB-focused bookkeeping and tax platform combining software with dedicated bookkeepers — overlaps with UAS's bookkeeping and tax services for small businesses but with a technology-first delivery model.
• Pilot.com: Tech-enabled bookkeeping and accounting firm focused on startups and small businesses — comparable in customer segment but differentiates through proprietary software and subscription pricing.

Broad incumbents

• Jackson Hewitt: National retail tax preparation chain serving individuals and SMBs — comparable in tax-preparation focus and small-business/individual customer overlap, with broader geographic reach.
• RSM US: Major accounting and advisory firm serving middle-market businesses with audit, tax, and consulting — provides a scaled benchmark for UAS's audit, tax, and advisory offering, though RSM operates nationally at much greater scale.
• Marcum LLP: Top-15 U.S. accounting firm serving SMBs and middle-market companies with audit, tax, and advisory — closely comparable service mix to UAS, with regional and national footprint.
• BDO USA: Global accounting and advisory network with significant U.S. mid-market practice — relevant comparator for UAS's full-service accounting, tax, audit, and advisory positioning, though at much larger scale.
• H&R Block: National tax preparation giant serving individuals and small businesses with retail and digital channels — overlaps with UAS's tax preparation, planning, and e-filing services at a vastly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Universal Accounting Services