Affetto & Co

Name

Affetto & Co

Legal name

Bernard A. Affetto & Co.

Website

https://affettocpa.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Accounting & Tax Services

NAICS

Offices of Certified Public Accountants (541211), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Investment Advice (6282)

akta.pro primary industry

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

akta.pro secondary industry

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

Keywords

• Tax preparation services
• Accounting services
• Payroll processing
• Estate planning services
• Business formation consulting

Headquarters

HQ city

Elmhurst

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Professional Accounting Services: Hourly and project-based billing for accounting and assurance services including financial statement reviews, compilations, and ongoing accounting support.
2. Tax Services: Tax planning and compliance services for individuals and businesses, including tax return preparation, representation, and controversy resolution.
3. Payroll Services: Full-service payroll processing including preparation, direct deposit, tax deposits, payroll tax returns, and specialized reporting for third parties such as workers compensation audits.
4. Business Formation Services: Business formation and setup guidance including tax implications across all levels of government.
5. Estate Planning Services: Estate and trust planning including comprehensive planning, establishment, implementation, administration, and tax advisory services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Affetto & Co. is a full-service Certified Public Accounting firm providing tax planning and compliance, accounting and assurance, payroll processing, business formation, estate planning, and QuickBooks consulting services. The firm serves both individuals and businesses throughout the Chicagoland area with year-round advisory and seasonal compliance engagements delivered by a small team of CPAs and accountants.

Product overview

Affetto & Co. is a full-service Certified Public Accounting firm providing a unified portfolio of professional services centered on tax planning and compliance, accounting and assurance, business formation, payroll processing, and estate planning. The firm operates as a single-service accounting practice with QuickBooks software consulting as a supplementary add-on offering. Additionally, the firm maintains a separate affiliated brand, Affetto Wealth Management, for financial planning services.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Services Year-round federal and state tax planning and compliance services for individuals and businesses, including personal and business-level planning, individual tax return preparation, tax dispute representation, and forensic accounting. Intended for individuals, families, and closely held businesses in the Chicagoland area.
• Accounting & Assurance Financial accounting services including record-keeping, reporting, system setup, cost-containment, tax planning, and financial statement reviews and compilations. Designed for closely held businesses that need ongoing bookkeeping and assurance-level reporting.
• Business Formation Guidance for entrepreneurs setting up new businesses across all government levels, including tax optimization strategies and cost-saving development plans. Targeted at start-up founders and new business owners.
• Payroll & Sales Tax Services Full-service payroll processing including preparation, direct deposit, tax deposits, payroll tax returns, specialized reporting for third parties (e.g., workers compensation audits), sales tax filings, and audit representation. Intended for small to mid-sized businesses needing outsourced payroll and sales tax compliance.
• QuickBooks Software Consulting Certified QuickBooks ProAdvisor services providing software selection guidance, training, installation, setup, and ongoing support with access to special ProAdvisor pricing. Targeted at small businesses adopting or optimizing QuickBooks.
• Estate Planning & Wealth Management Comprehensive estate and trust planning including gift tax strategies, asset allocation, plan establishment, implementation, administration, and tax advisory services. Intended for individuals and families planning wealth transfer and estate outcomes.
• Affetto Wealth Management Separate financial planning firm offering wealth management and financial planning services to individuals and businesses, operated as an affiliated sub-brand to Affetto & Co.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered minor.

• American Institute of Certified Public Accountants (AICPA)minorOthersProfessional affiliation through firm membership in AICPA. Firm partners maintain active AICPA memberships and participate in the Audit Quality Center peer review program.
• Illinois Society of Certified Public AccountantsminorOthersProfessional affiliation through firm membership in the Illinois Society of CPAs. Lewis Affetto maintains active membership.
• National Society of AccountantsminorOthersProfessional affiliation through firm membership in the National Society of Accountants. Lewis Affetto maintains active membership.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Regional players

• Selden Fox Ltd. Mid-sized CPA firm based in Oak Brook, Illinois providing tax, audit, and consulting services to closely held businesses and individuals. Comparable regional competitor with similar service mix and target client profile.
• Porte Brown LLC: Regional CPA and advisory firm headquartered in the greater Chicago area offering accounting, tax, and business advisory services to SMBs and individuals. Directly comparable as a similar-sized Midwest CPA firm competing in the same Chicagoland market.

Broad incumbents

• H&R Block: Large retail tax preparation chain with offices throughout the Chicago area offering individual and small business tax services. Competes for the same individual and small business tax clients at scale.
• Wipfli LLP: Top-25 U.S. accounting and advisory firm with strong Midwest presence, providing similar tax, accounting, and wealth management services. Broader scale but overlapping client base in the same region.
• BDO USA: Top-10 global accounting and advisory firm with substantial Chicago presence serving mid-market companies with similar tax and accounting needs. Broad incumbent with overlapping capabilities.
• RSM US LLP: Leading provider of audit, tax, and consulting services to middle-market companies, with a strong Chicago presence. Comparable service offering but at national scale targeting the same client segment Affetto serves.
• CliftonLarsonAllen (CLA): Major U.S. accounting firm serving middle-market private businesses with tax, audit, advisory, and wealth advisory services. Comparable in service scope but operates at much greater scale.

Emerging players

• Gusto: Cloud-based payroll, HR, and benefits platform serving small businesses. Directly competes with Affetto's payroll services line and represents the tech-enabled disruption to traditional CPA payroll offerings.
• Pilot.com: Tech-enabled bookkeeping and accounting service for startups and small businesses. Competes with Affetto's accounting and assurance services through a software-driven, scalable delivery model.
• Bench Accounting: Online bookkeeping service combining software with dedicated bookkeepers for small businesses. Competes with Affetto's core accounting services at a national scale with a technology-first delivery model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Affetto & Co