Inside the Firm with FBP

On our new Nuts and Bolts series, Randy talks to Tom Parker and Layne Bodily, cofounders of FBP CPA. Tom and Layne started FBP with Tyler Fates in 2020 in Itasca, Illinois, with an eye towards establishing a modern accounting firm. Randy will have Tom, Layne and Tyler on in the future to check on the progress of their firm, and provide insights as to what has worked, what hasn’t, and where the firm is headed as it continues to grow.

Important Links

FBP CPA

Layne Bodily on LinkedIn

Tom Parker on LinkedIn

About the Guest

Tom Parker and Layne Bodily co-founded Fates, Bodily & Parker with Tyler Fates in 2020, after the three took over McBeath, Fates & Ivers, P.C. Tom and Layne both served previously as Senior Accountants and Managers at Rozovics Group, LLP. Tom earned his Bachelor’s and Master’s in Accountancy from the University of Illinois Urbana-Champaign, and Layne earned his Bachelor’s in Accounting from Michigan State University and his MSA in Accounting at the University of Chicago.

FBP specializes in customized financial plans for individuals, including tax planning and preparation, wealth management, and IRS services, and also provides bespoke, comprehensive financial services to business and organizational clients. They focus on proactive and continuous communication with the goal of the best client experience possible.

Meet the Host

Randy Crabtree, CPA

randy.crabtree@tri-merit.com

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 bi-weekly “The Unique CPA,” podcast, which ranks among the world’s 10% 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.

Schaumberg, 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.