McMahan and Associates

Name

McMahan and Associates

Legal name

McMahan & Associates LLC

Website

https://mcmahancpa.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Avon

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. Audit and Assurance Services: Traditional CPA firm revenue through billable hours for audit, review, and compilation engagements. Services include financial statement audits providing highest level of assurance, limited assurance reviews, and compilations for governments, homeowners associations, nonprofits, and businesses.
2. Consulting and Advisory Services: Project-based and hourly consulting engagements including business succession planning, internal control reviews, forensic accounting, fraud prevention, strategic planning, and operational support.
3. Tax Planning and Preparation: Tax compliance and planning services for corporations, partnerships, nonprofits, LLCs, and individuals. Includes strategic tax planning throughout the year, tax return preparation, and IRS/state tax authority representation.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

McMahan and Associates is a CPA firm delivering audit and assurance, accounting and financial reporting, tax planning and preparation, and consulting/advisory services to local governments, homeowners associations, nonprofits, and for-profit businesses. The firm supplements core accounting services with specialized offerings including fraud prevention, construction audits, benefit plan audits, peer review services, and litigation support.

Product overview

McMahan & Associates is a full-service CPA firm offering an integrated portfolio of accounting, auditing, tax, and consulting services. The core offerings consist of Audit & Assurance Services (including audits, reviews, compilations), Accounting & Financial Reporting, Consulting & Advisory Services, and Tax Preparation & Planning. These are supplemented by specialized services including Fraud Prevention & Detection, Infrastructure Oversight (construction audits), Benefit Plan Oversight, Peer Review & Assurance, Litigation Support, and Internal Control Reviews. The firm also provides self-service tools including a Client Portal and Financial Tools (interactive calculators) through CCH Websites integration. The service architecture is organized around four main practice areas with specialized sub-services for government entities, nonprofits, homeowners associations, and businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Services Comprehensive audit, review, and compilation services providing the highest level of assurance on financial statements for local governments, homeowners associations, nonprofits, and businesses, including audits designed to comply with the Colorado Common Interest Ownership Act.
• Accounting & Financial Reporting Full range of cost-effective accounting services including financial statement preparation, GAAP-compliant records, and accounting system setup and improvements tailored to client needs.
• Consulting & Advisory Services Strategic guidance covering business succession planning, buying/selling a business, entity selection, estate and financial planning, budget assistance, revenue analysis, and financial statement preparation for public and private sectors.
• Tax Preparation & Planning Year-round tax planning and preparation services for businesses, homeowner associations, and nonprofits, including strategic tax planning, IRS representation, entity-specific compliance, and transactional tax guidance.
• Fraud Prevention & Detection Expert forensic accounting services including data analysis, financial document examination, stakeholder interviews, investigative reporting, internal control evaluation, and record reconstruction for fraud investigation.
• Infrastructure Oversight Services Construction audit services ensuring transparency and integrity throughout capital projects, evaluating contract compliance, project cost tracking, and internal control systems for public infrastructure.
• Benefit Plan Oversight Benefit plan audits and ongoing advisory services ensuring proper documentation, reporting accuracy, and regulatory compliance for employee benefit programs across public and private sectors.
• Peer Review & Assurance Peer review services for fellow CPA firms performed in compliance with AICPA and Colorado Society of CPAs guidelines, including system and engagement reviews to ensure quality control.
• Litigation Support Precise financial analysis and documentation for legal proceedings, including bankruptcy, strategic transactions, and high-stakes decisions requiring due diligence and strategic clarity.
• Internal Control Reviews Evaluation of financial processes, identification of key risks, and recommendations for improvements that enhance efficiency and strengthen the reliability of financial reporting.

Quantifiable outcome

• 98% clarity rate achieved in financial statements
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Eight partnerships are on record, tiered core and supporting.

• AICPA (American Institute of Certified Public Accountants)coreOthersFirm membership reflects commitment to professional standards and ethical conduct. Members have access to resources, continuing education, and quality control standards (Peer Review). The firm participates in the Governmental Audit Quality Center through AICPA.
• PCPS (Private Companies Practice Section)coreOthersPractice section of AICPA providing CPA firms serving private clients with resources, advocacy, and practice management tools.
• CGMA (Chartered Global Management Accountant)supportingOthersJoint venture between AICPA and CIMA providing the CGMA designation. Managing members Paul Backes and Michael Jenkins hold this designation.
• COCPA (Colorado Society of Certified Public Accountants)coreOthersState-level professional organization for CPAs in Colorado. Firm members participate in committees and continuing education through COCPA.
• Alabama Society of Certified Public AccountantscoreOthersState-level professional organization for CPAs in Alabama. Managing member Matthew Miller holds membership, supporting the firm's expansion into Alabama.
• HFTP (Hospitality Financial and Technology Professionals)supportingOthersGlobal association providing resources, education, and standards for finance and technology professionals in the hospitality industry. Paul Backes maintains active involvement.
• CAI (Community Associations Institute)coreOthersLeading organization offering education, tools, and advocacy for homeowners associations and community managers. Paul Backes maintains active involvement supporting HOA client base.
• ACFE (Association of Certified Fraud Examiners)coreOthersWorld's largest anti-fraud organization. Managing member Yadira Miller holds CFE designation, supporting fraud prevention and forensic accounting service delivery.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Plante Moran: Large U.S. regional accounting and advisory firm with a strong government, nonprofit, and HOA-adjacent practice serving mid-market and public-sector clients. Directly comparable in service mix (audit, tax, advisory) and client verticals to McMahan & Associates, with significantly broader geographic reach.
• Eide Bailly LLP: Top-25 U.S. regional CPA firm with established government, nonprofit, and construction audit practices across the Mountain West and Midwest. Highly comparable to McMahan in vertical specialization (GASB, government, HOAs) and in combining traditional CPA services with consulting.
• CliftonLarsonAllen (CLA): Large U.S. CPA and advisory firm with dedicated government and nonprofit industry groups. Directly comparable in serving school districts, special districts, and nonprofits — the same regulated verticals McMahan serves — with broader technology investments.
• Wipfli LLP: Top-25 U.S. regional CPA and advisory firm with established government, nonprofit, and construction audit practices. Comparable to McMahan in serving regulated mid-market and public-sector clients with audit, tax, and consulting capabilities.
• Carr, Riggs & Ingram (CRI): Large regional accounting firm with a significant government and nonprofit practice, including audit, tax, and advisory services for municipalities, HOAs, and tax-exempt entities. Closely analogous to McMahan's mid-market public-sector service profile.
• Cherry Bekaert LLP: Top-25 U.S. regional CPA firm with a notable government and education practice serving counties, municipalities, and school districts. Comparable to McMahan in regulated-vertical specialization and full-service CPA offerings.

Broad incumbents

• FORVIS: Large U.S. accounting and advisory firm formed from the merger of BKD and Dixon Hughes Goodman, with a substantial public-sector and nonprofit practice. Comparable to McMahan in vertical mix but significantly larger in scale, technology, and geographic reach.

Regional players

• Ehrhardt Keefe Steiner & Hottman PC: Colorado-headquartered regional CPA and advisory firm serving closely held businesses, nonprofits, and government entities across the Rocky Mountain region. Comparable in regional footprint, mid-market client focus, and Colorado-anchored service mix — McMahan's core market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/in/paul-backes-4aa4584

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 McMahan and Associates