About Lerman, Boudart & Associates, LLP · Chicago
Lerman, Boudart & Associates, LLP (LBA) is a full-service Chicago CPA firm founded in 2001 that delivers accounting, audit, tax, payroll, and business consulting services to privately held middle-market companies and individuals. The firm's principals have collectively served clients for approximately thirty years, with deep experience in tax planning, financial statement preparation, and advisory work across industries including manufacturing, distribution, medical services, real estate, retail, and the veterinary field. LBA is headquartered in Chicago's Loop at 223 West Jackson Boulevard and is led by partners Peter Boudart, CPA and Stuart B. Gilman, CPA, supported by a professional staff.
Lerman, Boudart & Associates, LLP was founded in 2001 in Chicago, Illinois, building on roughly thirty years of combined experience from its principals in accounting, auditing, taxation, and business consulting for privately held middle-market companies. The firm positions itself as a long-term client advocate and advisor, offering a wide range of services tailored to each client's unique background, circumstances, needs, objectives, and hopes. Its service lines span accounting and assurance (compilations, reviews, audits, financial analysis, and full-charge bookkeeping), comprehensive tax services (corporate, individual, estate/gift/trust, sales tax, and tax problem resolution), payroll services, and strategic business consulting including entity selection, due diligence on mergers and acquisitions, cash flow projections, product/service analysis, and long-range planning. According to third-party nonprofit-tracking data, LBA also provides tax and accounting services to nonprofit clients including grantmaking foundations and child day care service organizations based primarily in Illinois and Florida. The firm's two named partners — Peter Boudart, CPA (a founding partner and University of Illinois graduate) and Stuart B. Gilman, CPA (Director of Tax, University of Illinois BS in Accounting and DePaul University Masters in Taxation) — both hold memberships in the American Institute of Certified Public Accountants and the Illinois Society of Certified Public Accountants, and Stuart Gilman is well known in the Chicagoland area for his expertise representing clients before the IRS and the Illinois Department of Revenue.
- In business
- Founded 2001; principals collectively have ~30 years of experience
- Owner
- Peter Boudart, CPA (founding partner); Stuart B. Gilman, CPA (partner / Director of Tax)
- Serves
- Chicagoland area and regional clients; nonprofit clients in Illinois and Florida (per Cause IQ)
About Lerman, Boudart & Associates, LLP
Founded in 2001, Lerman, Boudart & Associates, LLP (LBA) is a Chicago-based CPA firm whose principals have been providing accounting, audit, tax, and business consulting services to privately held middle-market companies for approximately thirty years. The firm describes itself as a client advocate and advisor, emphasizing listening closely to each client's unique background, circumstances, needs, objectives, and hopes before applying its expertise. LBA reports that many clients refer friends and family after experiencing the firm's personalized service.
- Founded in 2001
- Located at 223 W. Jackson Blvd, Suite 280, Chicago, IL 60606
- Phone: 312-201-8999; Fax: 312-201-9210
- Approximately 30 years of collective principal experience
Accounting & Assurance Services
LBA delivers a broad spectrum of cost-effective accounting and auditing services, from bookkeeping through full financial statement audits. The firm prepares GAAP-compliant financial statements for use by business owners, banks, and prospective investors, performs review and compilation engagements, and offers limited-scope review testing plus complete audit attestation. Its financial analysis work covers cash flow, budgeting, and identification of inefficiencies to help clients realize full profit potential.
- Compilation, review, and audit analysis
- Thorough financial analysis
- Expert financial analysis
- Bookkeeping / write-up services (general journal and subsidiary ledger maintenance, bank reconciliation, receivables/payables tracking)
Tax Services
The firm provides year-round tax assistance for individuals and businesses, taking an active monitoring approach to compliance and staying current with tax-law changes. LBA prepares returns for individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations, and represents clients before the IRS and Illinois Department of Revenue. Tax problem resolution, including Offers in Compromise negotiation, and specialized estate, gift, and trust return preparation round out the practice.
- Corporate taxes
- Individual taxes — tax planning and return preparation
- Estate, gift, and trust tax return preparation
- Tax problem resolution specialist
- Comprehensive tax advice
- Sales tax compliance
Business & Strategic Consulting
Beyond compliance work, LBA functions as a sounding board for long-range planning and operational improvements. The firm advises on entity selection, coordinates strategic sales and purchases (including due diligence), and produces income and cash flow projections for new divisions, start-ups, and existing entities. It also evaluates product and service lines for both new and existing businesses.
- Entity selection analysis — S-corp, partnership, LLC, LLP
- Coordination of strategic sales and purchases with due diligence
- Income and cash flow projections for start-ups and existing entities
- Product and service analysis for new and existing lines of business
- Timely tax planning with concrete savings measures
- Long-range planning and operational improvement consulting
Partners & Leadership
LBA's leadership team combines decades of public accounting experience with specialized credentials. Both named partners are graduates of the University of Illinois and active members of the AICPA and the Illinois Society of CPAs. The Director of Tax is also a frequent seminar presenter for professional associations and civic organizations in the Chicagoland area.
- Peter Boudart, CPA — Founding Partner; B.S. Accounting, University of Illinois; 20+ years evaluating capital expenditures, cash management, mergers and acquisitions, risk management, asset management, financing alternatives, insurance, and combined corporate/personal tax planning
- Stuart B. Gilman, CPA — Partner and Director of Taxation; B.S. Accounting, University of Illinois at Champaign; M.S. Taxation, DePaul University; known in Chicagoland for IRS and Illinois Department of Revenue representation, pension/profit-sharing design, estate planning, and M&A tax treatment
Professional Staff
Supporting the partners is a professional staff that completes the firm's engagements and ongoing client work. Staff members are listed on the firm's official About Us page.
- Aleksandra Maslowski
- Ryan Boudart
- Sandra Coburn
Industries & Client Base
LBA's partner-led engagements span a wide range of industries, with particular depth in privately held middle-market companies. Public nonprofit-tracking data also identifies the firm as a provider of tax accounting to nonprofit clients, including grantmaking foundations and child day care service organizations primarily in Illinois and Florida.
- Manufacturing
- Distribution
- Medical service
- Real estate
- Professional sports management
- Retail
- Veterinary field
- Nonprofit organizations / grantmaking foundations (Illinois and Florida)
Tax Center & Online Resources
The firm's website hosts a Tax Center that gives clients convenient tools to track refunds, check due dates, and access IRS calculators and forms. These resources complement LBA's year-round tax services for both individuals and businesses.
- Federal refund and state refund status tracking
- Tax due dates
- IRS Withholding Calculator
- Sales Tax Deduction Calculator
- Alternative Minimum Tax (AMT) resources
- Business & Self-Employed Tax Center
- Online Application — Form SS-4 (EIN)
- IRS Forms and Publications
- Partnerships tax information
- Corporations tax information
Contact & Location
LBA operates from a Loop office in Chicago and can be reached by phone, fax, or via individual partner email addresses listed on the firm's Partners Profile page.
- Address: 223 West Jackson Blvd, Suite 280, Chicago, IL 60606-6915
- Phone: 312-201-8999
- Fax: 312-201-9210
- Peter Boudart — [email protected] — 312-201-9710
- Stuart Gilman — [email protected] — 312-201-0429