Business Details
Trusted Accounting and Financial Services in Lexington, KY
Crest CPAs & Consultants is a full-service accounting firm dedicated to delivering exceptional value through tailored financial solutions. With over two decades of combined executive-level corporate experience, our team specializes in tax preparation, strategic tax planning, and remote CFO services. Our approach combines rigorous research, personalized client engagement, and adherence to ethical standards to identify tax savings and optimize financial outcomes.We serve businesses and individuals across multiple states, leveraging advanced technical expertise and a commitment to continuous education to stay ahead of evolving tax regulations. Our clients benefit from transparent communication, proactive advisory services, and a proven track record of resolving complex financial challenges while maintaining the highest levels of professionalism and integrity.
Services
Tax Preparation
Tax Planning
Bookkeeping
Compilation
Remote CFO
Consulting
Highlights and features
- We offer executive-level financial expertise through our remote CFO services.
- Our team exceeds state CPA education requirements for up-to-date tax knowledge.
- We provide tailored tax planning strategies that maximize savings opportunities.
- Our bookkeeping services integrate seamlessly with comprehensive financial advisory.
- We maintain direct CPA oversight for all bookkeeping and compilation engagements.
Associations and certifications
- American Institute of Certified Public Accountants (AICPA)
- Illinois CPA Society (ICPAS)
What people say
Thorough explanation
Prompt and thorough compilation
Piece of mind
Rely on their help
Won our business for life
Services
Tax Preparation
Our comprehensive tax preparation services combine technical expertise with personalized analysis to ensure accurate filings and optimal tax positions. We handle individual and corporate returns across multiple jurisdictions, identifying deductions and credits often overlooked by automated systems. Our approach emphasizes compliance while maximizing savings through strategic documentation review and regulatory interpretation.
Tax Planning
We develop forward-looking tax strategies that anticipate regulatory changes and business growth trajectories. Our planning services include entity structure analysis, cash flow optimization, and multi-jurisdictional tax positioning. By exceeding state-mandated education requirements, our CPAs maintain cutting-edge knowledge to create customized plans that minimize liabilities while supporting long-term financial objectives.
Bookkeeping
Our bookkeeping solutions provide accurate, real-time financial tracking tailored to business size and complexity. Services include accounts payable/receivable management, payroll processing, and system implementation support. CPA oversight ensures GAAP compliance while our secure digital workflows enable seamless collaboration. We offer both full-cycle bookkeeping and supplemental support during peak periods or staff transitions.
Compilation
We prepare reliable financial statements for decision-making and lending requirements, maintaining strict adherence to professional standards. Our compilation services include cash flow analysis, balance sheet reconciliation, and income statement preparation. We work closely with lenders to ensure reports meet financing criteria while providing management actionable insights for operational improvements and strategic planning.
Remote CFO
Our remote CFO service delivers executive financial expertise on demand, combining strategic oversight with practical implementation. Services include budget development, capital structure analysis, and performance metric creation. Led by our President with international corporate experience, we provide fractional CFO capabilities without full-time costs, offering scalable support for growth planning and crisis management scenarios.
People
Phil McLawhorn
President & CPA
With 27 years of corporate financial leadership experience, Phil McLawhorn directs Crest CPAs' strategic operations and client engagements. His expertise spans international tax compliance, corporate restructuring, and executive advisory services. A graduate of DePaul University and the University of South Dakota, Phil maintains active AICPA and state CPA society memberships while leading continuing education initiatives for the firm.
Questions
What accounting services do you offer?
We provide tax preparation, strategic tax planning, bookkeeping, financial statement compilation, business consulting, and remote CFO services for individuals and businesses.
How are you different from other accounting firms?
Our team combines executive corporate experience with advanced tax education, offering direct CPA involvement in all engagements and specialized remote CFO capabilities.
Do you work with out-of-state clients?
Yes, we serve clients nationwide through secure digital platforms while maintaining physical offices in Kentucky and Illinois for local support.
What experience does your team have?
Our professionals have over 27 years of combined executive financial experience, including international corporate roles and postgraduate accounting education.
How do you handle urgent financial needs?
We offer after-hours availability for critical situations and prioritize timely responses to ensure business continuity during financial emergencies.
