Smith Leonard PLLC

What Smith Leonard PLLC does

Smith Leonard PLLC is a privately-held professional accounting and consulting firm headquartered in High Point, North Carolina, founded in 2007 by professionals who previously operated under the BDO banner. Organized as a Professional Limited Liability Company (PLLC), the firm employs 51-100 staff across three North Carolina offices (High Point, Hickory, and Lexington) and serves privately-held businesses, high-net-worth individuals, not-for-profit organizations, and construction/real estate clients primarily within a two-hour drive of the Piedmont Triad region.

The firm delivers a full-service accounting and advisory platform organized around core service lines: Accounting & Auditing (including employee benefit plan audits under AICPA EBPAQ registration), Tax Planning & Compliance (federal, state, multi-state, international), Advisory and Business Valuations, Transaction Advisory Services (M&A buy-side/sell-side due diligence and quality of earnings), a Business Services Group providing recurring outsourced accounting, payroll, and controller services, and Financial Services delivered through a Forum Financial Management affiliation. The firm's core technology stack is standard accounting software — QuickBooks (with multiple ProAdvisor-certified staff), Excel, and conventional tax preparation platforms — supplemented by resources accessed through its BDO Alliance USA membership, which connects it to BDO International's network of 88,000+ professionals across 167 countries.

Revenue is generated through professional service fees, with engagement-based or fixed-fee billing for assurance and tax work, hourly billing for advisory and transaction work, and recurring managed-services contracts for the Business Services Group. Pricing is not publicly disclosed and varies by client complexity and engagement scope. Go-to-market is relationship-led and regional: the firm acquires clients through direct partner-led business development, referrals, industry-specific thought leadership (notably the proprietary Smith Leonard Furniture Insights report), and deep community involvement across more than 50 Triad-area organizations. Named enterprise clients include Vanguard Furniture and Valdese Weavers. The firm has been recognized by Accounting Today as one of the 'Best Firms to Work For' every year since 2010.

Name

Smith Leonard PLLC

Legal name

Smith Leonard PLLC

Website

https://smith-leonard.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Smith Leonard PLLC is a privately-held accounting and consulting firm founded in 2007 in High Point, North Carolina, serving privately-held businesses, high-net-worth individuals, and not-for-profits across the NC Triad region through three offices and a full-service tax, audit, advisory, and transaction advisory practice backed by BDO Alliance USA membership.

Ownership category

akta.pro rank

Product category

Public Accounting and Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Other Management Consulting Services (541618)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Outsourced Finance & CFO Services (BPAHABAE)

akta.pro secondary industry

Litigation Support & Expert Witness (Valuation-Related) (BPAHANAG)

Keywords

• Accounting auditing services
• Tax planning compliance
• Business advisory consulting
• Outsourced accounting services
• Transaction advisory services

Headquarters

HQ city

High Point

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Accounting & Auditing Services: Fee-based professional services including audits, reviews, compilations, and business consulting for corporate and employee benefit plans. Revenue is generated through hourly billing or fixed-fee engagements for assurance and accounting services.
2. Tax Planning & Compliance: Preparation of federal and state income tax returns, tax planning, consulting, and compliance services. Includes international tax planning, multi-state tax issues, sales and use tax planning, and tax credit maximization. Revenue model based on professional service fees.
3. Advisory Services: Business and financial consulting services, transaction advisory (buy-side and sell-side due diligence), business valuations, and succession planning. Revenue generated through advisory fees and transaction-based compensation.
4. Client Accounting Services (Outsourced Accounting): Outsourced accounting, bookkeeping, payroll, and controller services delivered through the Business Services Group. Provides ongoing monthly/quarterly service engagements.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Smith Leonard PLLC is a North Carolina-based professional accounting and consulting firm that delivers audit, tax, advisory, business valuation, transaction advisory, employee benefit plan audit, and outsourced accounting/bookkeeping services. The firm serves privately-held businesses, not-for-profits, and high-net-worth individuals primarily across the Piedmont Triad region and broader Southeast United States.

Product overview

Smith Leonard PLLC is a professional accounting and consulting firm offering a comprehensive suite of professional services. The firm operates as a unified service practice rather than a platform-plus-modules architecture. Core service offerings include Accounting & Auditing, Tax Planning & Compliance, Advisory, Business Valuations, Business Services Group (outsourced accounting), Employee Benefit Plans, Financial Services, International Services, and Transaction Advisory Services. As an independent member of the BDO Alliance USA, the firm supplements its capabilities with access to BDO's global network of over 88,000 professionals across 167 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting & Auditing

Quantifiable outcome

• The firm has maintained 'Best Firms to Work For' recognition from Accounting Today for 15+ consecutive years (2010-present)
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• BDO Alliance USAcoreStrategic or Co-development PartnerSmith Leonard is an independent member of BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms. The partnership enhances client services, expands domestic and international coverage, provides greater technical knowledge in specialty areas, and offers access to up-to-date technical information and training programs. As part of BDO International, the firm connects to a global network of more than 88,000 people working out of more than 1,800 offices across 167 countries.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• RSM US: RSM US is a top-5 U.S. accounting and consulting firm focused on the middle market. Comparable as an accounting and advisory firm serving mid-market manufacturers, distributors, and not-for-profits, though operating at significantly larger scale than Smith Leonard.
• Crowe LLP: Crowe is a top-10 U.S. accounting and consulting firm serving middle-market clients with audit, tax, and advisory services. Comparable service offering for Smith Leonard's target verticals, particularly manufacturing and not-for-profit.
• Plante Moran: Plante Moran is one of the largest U.S. accounting and business advisory firms, with strong mid-market focus. Comparable as an established CPA firm serving manufacturing, construction, and not-for-profit sectors with audit, tax, and advisory services.
• BDO USA: BDO USA is the national accounting firm whose Alliance USA network Smith Leonard belongs to. Comparable as a top-tier accounting, tax, and advisory provider; Smith Leonard differentiates as the local affiliate serving mid-market clients in NC.

Direct peers

• CliftonLarsonAllen (CLA): CLA is a top-10 U.S. accounting and professional services firm serving middle-market clients. Comparable in target market (privately-held businesses, not-for-profits, HNW individuals) and service mix including outsourced accounting and advisory.
• Eide Bailly: Eide Bailly is a top-25 U.S. accounting and consulting firm with regional concentration in the Midwest and Mountain states, comparable in size and middle-market focus. Similar service offering across assurance, tax, advisory, and outsourced accounting.
• Cherry Bekaert: Cherry Bekaert is a top-30 U.S. accounting and consulting firm headquartered in Raleigh, NC. Directly comparable as a Southeast-focused CPA firm serving middle-market privately-held businesses, not-for-profits, and high-net-worth individuals.
• Dixon Hughes Goodman (DHG): DHG is a top-20 U.S. accounting and advisory firm with strong Southeastern U.S. presence including North Carolina. Directly comparable as a regional mid-market CPA firm offering assurance, tax, and advisory services to privately-held businesses.
• Forvis (formerly BKD CPAs & Advisors): Forvis is a top-10 U.S. accounting firm formed from the BKD and Dixon Hughes Goodman merger, with significant presence across the Southeast. Comparable as a mid-market accounting, tax, and advisory firm serving similar manufacturing, construction, and not-for-profit verticals.

Regional players

• Bernard Robinson & Company: Bernard Robinson is a regional CPA firm in North Carolina. Comparable as a similarly-sized North Carolina-based accounting and advisory firm serving privately-held businesses and individuals in the Triad region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/smithleonardcpa
• LinkedInlinkedin.com/company/smith-leonard-pllc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smith Leonard PLLC