What Fleming Tawfall & Company does

Fleming, Tawfall & Company, P.C. is a privately-held, partner-owned certified public accounting firm headquartered at 11006 Airport Trail in Litchfield, Illinois, with an additional location in Carlinville. Founded in 1970 and operating continuously for over 50 years, the firm delivers a comprehensive suite of professional accounting, tax, and advisory services to individuals, small-to-medium businesses, partnerships, LLCs, not-for-profits, and farm/agricultural clients across Illinois and Missouri.

The firm's service portfolio spans tax preparation, proactive tax planning, IRS representation, bookkeeping, payroll processing and tax reporting, QuickBooks setup and training, financial statement reviews and compilations, business valuation, estate and trust planning, retirement planning, and entity selection and restructuring. Service delivery relies on standard third-party tax and accounting platforms including ProSeries, Lacerte, and QuickBooks, supplemented by a ShareFile-based secure client portal with per-staff folders for document exchange. The firm's competitive position rests on long-tenured client relationships, credentialed staff depth (multiple CPAs and an Enrolled Agent), AICPA-affiliated peer review compliance, and a local community presence in central Illinois.

Revenue is generated through professional services fees billed on a quote-based, hourly and/or fixed-fee engagement model. The firm markets through its website content, email newsletters, a Facebook page, and community/referral channels; it is not venture-backed or institutionally owned, and there is no evidence of M&A activity, acquisitions, or external capital raises. The customer base is horizontal and highly distributed across SMBs and individuals, with no disclosed anchor clients or enterprise contracts.

Name

Fleming Tawfall & Company

Legal name

Fleming, Tawfall & Company, P.C.

Website

https://flemingtawfall.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

Fleming, Tawfall & Company is a partner-owned CPA firm in Litchfield and Carlinville, Illinois, providing tax preparation, bookkeeping, payroll, QuickBooks, audit, business valuation, and estate planning services to individuals, small-to-medium businesses, and farm clients across Illinois and Missouri.

Ownership category

akta.pro rank

Product category

Public Accounting & Tax Services

NAICS

Offices of Certified Public Accountants (541211), Other Accounting Services (541219)

akta.pro primary industry

Fee-Only Advisory (FSAEAAAL)

Keywords

• Accounting services
• Tax preparation
• Bookkeeping services
• Payroll services
• Business valuation

Headquarters

HQ city

Carlinville

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

Revenue model

1. Professional Services Fees: Billing for professional accounting, tax preparation, tax planning, bookkeeping, payroll, business valuation, estate planning, and consulting services. Revenue generated through billable hours and/or fixed-fee engagements for various service offerings.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Fleming, Tawfall & Company, P.C. is a CPA firm providing professional accounting, tax preparation, tax planning, bookkeeping, payroll, business valuation, estate planning, retirement planning, entity selection, and IRS representation services. The firm delivers these services to individuals, small-to-medium businesses, corporations, partnerships, LLCs, not-for-profit organizations, and farm/agricultural clients across Illinois and Missouri. Services are billed via professional fees, fixed-fee engagements, or billable hours.

Product overview

Fleming, Tawfall & Company, P.C. is a public accounting firm offering a comprehensive suite of professional services. The firm operates as a single-service business rather than a platform-plus-modules architecture. Services include Tax Services (preparation, planning, and problem resolution), Estate & Trust Planning, Bookkeeping, Reviews and Compilations, QuickBooks Services (setup and training), Payroll Services, Business Valuation, Retirement Planning, Entity Selection & Restructuring, and IRS Representation. The firm primarily serves individuals, corporations, partnerships, limited liability companies, and not-for-profit organizations in Litchfield and Carlinville, Illinois.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Services Full range of tax planning, preparation, and support services including tax return preparation, proactive tax planning to minimize liability, and resolution of tax problems such as missed filings, insufficient payments, and payroll tax failures. Targeted at individuals and businesses across Illinois.
• Estate & Trust Planning Financial planning services to help clients create a roadmap for the future, including obligations management, risk management, wealth building, and retirement planning. Targeted at individuals seeking estate and trust planning guidance.
• Bookkeeping Expert support for accounting needs including creation and maintenance of chart of accounts, financial transaction capture, periodic internal audits to identify discrepancies, and tax return preparation support. Targeted at small-to-medium businesses.
• Reviews and Compilations Financial statement services including reviews (limited investigation providing some assurance) and compilations (presenting client-supplied data in financial statement format without assurance). Targeted at small-to-medium businesses needing financial statements.
• QuickBooks Services QuickBooks setup and training services including hardware/software specifications, chart of accounts design, data migration, and customized training sessions at client locations. Targeted at small businesses adopting QuickBooks.
• Payroll Services Comprehensive payroll management including vacation/sick/personal day accruals, IRS and state tax reporting, EFTPS deposits, monthly/quarterly/annual payroll tax reports, new hire reporting, and W-2/W-3/1099 preparation. Targeted at small-to-medium businesses.
• Business Valuation Objective assessment of business interests including analysis of customer base, revenue streams, growth prospects, financial health, and comparable entity valuations for buying, selling, partnerships, financing, or estate purposes. Targeted at business owners and stakeholders.
• Retirement Planning Planning services to help clients attain financial independence including analysis of financial needs, projected assets and income sources, tax treatments, and strategies for projected shortfalls. Targeted at individuals planning for retirement.
• Entity Selection & Restructuring Advisory services for choosing and restructuring business entity types including LLC, S Corporation, Partnership, Sole-Proprietor, Corporation, and Revocable trusts based on tax situations. Targeted at small business owners selecting or changing entity structures.
• IRS Representation Professional representation during IRS audits, leveraging familiarity with tax authority procedures and intimate knowledge of the tax code. Targeted at individuals and businesses facing IRS examinations or tax disputes.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators1 record

Recent moves5 records

Expansion highlights2 records

Direct peers

• Anders CPAs + Advisors: Mid-size regional CPA and advisory firm headquartered in St. Louis serving closely-held businesses, individuals, and family offices across the Midwest — overlapping service lines and comparable relationship-driven GTM.
• Mueller CPAs & Advisors: Central Illinois CPA firm serving individuals, families, and small-to-mid-sized businesses with tax, accounting, and advisory services — similar size, geography, and client mix to Fleming, Tawfall.
• Porte Brown & Company: Mid-size Illinois-based CPA firm providing tax, audit, bookkeeping, payroll, and advisory services to individuals, SMBs, and nonprofits — directly comparable in service mix, client base, and regional scope to Fleming, Tawfall.
• Scheffel Boyle CPAs: Illinois-licensed CPA firm offering tax preparation, accounting, payroll, audit, and business advisory to individuals and small businesses in downstate Illinois markets — directly comparable regional CPA peer.
• Kerber, Eck & Braeckel LLP: Illinois-headquartered CPA firm with comparable service portfolio (tax, audit, bookkeeping, business advisory) serving closely-held businesses and individuals across central Illinois — same regulatory environment and client profile.

Emerging players

• 1-800Accountant: Online-first accounting and tax services firm serving SMBs and individuals nationwide — competes with regional CPA firms for entry-level tax and bookkeeping engagements through lower-cost, virtual delivery.
• Pilot.com: Tech-enabled bookkeeping, tax, and CFO services firm targeting SMBs with a subscription model — competes for the same bookkeeping, tax-prep, and back-office accounting spend that Fleming, Tawfall's SMB clients allocate.

Broad incumbents

• FORVIS: Top-10 U.S. accounting firm formed from the merger of BKD and Dixon Hughes Goodman, with significant Illinois presence — offers overlapping tax, assurance, and advisory services to SMBs and agribusiness clients.
• CliftonLarsonAllen (CLA): Large U.S. accounting and advisory firm with Illinois offices serving SMBs, agribusiness, and individuals — provides overlapping capabilities in tax, accounting, and business advisory but as part of a much wider portfolio.
• Wipfli LLP: Top-20 U.S. accounting and advisory firm with a strong Midwest presence offering tax, audit, advisory, and outsourced accounting — overlaps with Fleming, Tawfall in core services but operates at far greater scale and geographic breadth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php?id=61550534249021

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

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 Fleming Tawfall & Company