Schaumburg, IL
Outsourced Accounting & Fractional CFO in Schaumburg, IL
A full outsourced finance department for $500K–$10M growth companies across Schaumburg and the Northwest Chicago suburbs — bookkeeping, payroll, tax, and fractional CFO, delivered by real accountants and backed by the Triple Zero Promise.
Owned & led by Vince Petrescu, CPA, CGMA, MBA →
Suite 855
1901 N Roselle Rd, Schaumburg
< 2 wks
Monthly close target
Triple ISO
Certified management system
5.0 ★
Google rating
Built for Illinois Businesses — Not a Generic Template
Accounting in Illinois carries rules a firm in another state simply does not deal with. We work in them every day for Schaumburg-area companies.
Illinois Replacement Tax & PTE Election
Illinois levies the 1.5% Personal Property Replacement Tax on partnerships and S-corps (2.5% on C-corps) on top of federal and state income tax. We also handle the IL Pass-Through Entity (PTE) tax election — the SALT-cap workaround that can save Illinois owners real money when it is modeled correctly.
Cook, DuPage & Kane County Complexity
Schaumburg straddles Cook and DuPage counties, and our clients reach into Kane, Lake, and McHenry. Each county runs its own property-tax assessment cycle, appeal windows, and incentive classes — we track them so deadlines and reassessments never catch you off guard.
IL Payroll & Employment Rules
The Illinois Secure Choice retirement mandate, the Paid Leave for All Workers Act (2024), and Cook County’s separate Earned Sick Leave ordinance all change how payroll has to run here. We keep filings and withholdings compliant through IDES and MyTax Illinois.
Multi-State From a Chicago Base
Northwest-suburb companies routinely sell into Wisconsin and Indiana and trip economic-nexus thresholds. We monitor where you owe, register you, and handle the Illinois “Leveling the Playing Field” ROT rules and Chicago’s 9% Personal Property Lease Transaction Tax on cloud services.
Local Industry Expertise
Construction & Trades
WIP, retainage, and the Illinois Mechanics Lien Act (90 days for subs, 4 months for generals) for contractors across the Northwest suburbs.
Healthcare & Medical
HFS / Illinois Medicaid reimbursement, IDFPR licensing, and BCBS-IL payer-mix tracking for practices in the Schaumburg–Barrington corridor.
Manufacturing & Distribution
COGM, inventory valuation, and the Illinois Manufacturing M&E sales-tax exemption for makers along the I-90 corridor.
Professional Services
Utilization, project P&L, and partner distributions for the law firms, agencies, and consultancies clustered around Woodfield.
See all industries we serve →
Meet the owner
Vince Petrescu, CPA, CGMA, MBA
Founder & CEO — Schaumburg, IL
The 10X Accountant in Schaumburg is owned and led by Vince Petrescu — a CPA and CGMA with an MBA and an MS in Strategic Management, and more than 20 years in strategic financial leadership. He founded 10X CPAs LLC in 2023 on one belief: that outsourced accounting should make a growing business smarter, faster, and more confident — not just compliant.
Read more about Vince →Services in Schaumburg
Fractional CFO
Strategic finance leadership without the full-time hire.
Bookkeeping
Clean books, monthly close, audit-ready every quarter.
Tax Preparation
Federal, state, multi-state nexus. Filed on time, always.
Payroll
Multi-state, 1099s, year-end W-2s. Done.
AP / AR
Invoice in, payment out. Cash flow visibility, every day.
Cash Flow Management
13-week rolling forecast. Know your runway. Know your room.
Visit the Schaumburg Office
Address · 1901 N Roselle Rd, Suite 855, Schaumburg, IL 60195
Phone · (847) 558-1222
Email · vince@the10xaccountant.com
Areas We Serve
Schaumburg · Hoffman Estates · Palatine · Arlington Heights · Rolling Meadows · Elk Grove Village · Streamwood · Bartlett · Roselle · Bloomingdale · Carol Stream · Hanover Park · Itasca · Wood Dale · Inverness · Barrington
Schaumburg FAQ
Do I need to come into the Schaumburg office?+
No. We work with most clients remotely with secure document exchange, but the Schaumburg office at 1901 N Roselle Rd, Suite 855 is here when you want to meet in person.
What size businesses do you work with?+
Our sweet spot is $500K–$10M in revenue with 5–50 employees — past DIY bookkeeping but not ready for a full in-house finance team.
Do you handle Illinois and multi-state taxes?+
Yes. We handle Illinois income, replacement, and sales tax, the PTE election, and multi-state filings and nexus monitoring when you sell across state lines.
What does it cost?+
Full outsourced accounting starts at $650/mo with fixed monthly pricing — no hourly surprises. The exact figure depends on your transaction volume and the services you need; a Discovery Meet gives you a real number.
Book Your Discovery Meet
Pick a time that works for you — free, 30 minutes, no obligation. Prefer to write first? Use the form below.
Tell us about your business
Send a few details and the Schaumburg team will reach out within one business day. Prefer to pick a time now? Jump to the calendar above.
Schaumburg office
Phone
(847) 558-1222
Email
vince@the10xaccountant.com
Office
1901 N Roselle Rd, Suite 855
Schaumburg, IL 60195
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