Catching up with Tom Parker and Layne Bodily

Tom Parker and Layne Bodily of FBP CPA first joined Randy on Episode 36, where they discussed their co-founding of the firm in Itasca, Illinois and their vision for their venture. Tom and Layne discuss its evolution so far, the challenges they’ve faced around the pandemic, employee retention, and establishing structures and best practices. As well, Layne has resiliently responded in the face of a cancer diagnosis, with the team and clients of FBP rallying around him.

Important Links


Tom Parker on LinkedIn

Layne Bodily on LinkedIn

About the Guest

Tom Parker and Layne Bodily cofounded FBP CPA with Tom Fates in 2020 in Itasca, Illinois. FBP specializes in professional services from taxation, to accounting and wealth management, and has a strong focus on charitable giving and work. Tom has been advising closely-held businesses on tax planning, mergers and acquisitions, cash flow projections, gift and estate planning, and state and local tax matters since 2011. He works with clients in a wide range of industries including construction, manufacturing, health care and professional services, and real estate. Layne works closely with a variety of small to medium sized businesses on issues ranging from tax planning and preparation, to strategic goals and measuring success. In his advisory role, he has successfully increased profitability for his clients, been in the weeds facilitating multiple $50m+ acquisitions, assisted with banking relationships and funding, and has organized accounting departments for faster and more accurate monthly closes.

Meet the Host

Randy Crabtree, CPA

Randy Crabtree

Randy Crabtree, co-founder and partner of Tri-Merit Specialty Tax Professionals, is a widely followed author, lecturer and podcast host for the accounting profession.

Since 2019, he has hosted the “The Unique CPA,” podcast, which ranks among the world’s 5% most popular programs (Source: Listen Score). You can find articles from Randy in Accounting Today’s Voices column, the AICPA Tax Adviser (Tax-saving opportunities for the housing and construction industries) and he is a regular presenter at conferences and virtual training events hosted by CPAmerica, Prime Global, Leading Edge Alliance (LEA), Allinial Global and several state CPA societies. Crabtree also provides continuing professional education to top 100 CPA firms across the country.

Schaumburg, Illinois-based Tri-Merit is a niche professional services firm that specializes in helping CPAs and their clients benefit from R&D tax credits, cost segregation, the energy efficient commercial buildings deduction (179D), the energy efficient home credit (45L) and the employee retention credit (ERC).

Prior to joining Tri-Merit, Crabtree was managing partner of a CPA firm in the greater Chicago area. He has more than 30 years of public accounting and tax consulting experience in a wide variety of industries, and has worked closely with top executives to help them optimize their tax planning strategies.