Leone, Mcdonnell & Roberts, Professional Association

What Leone, Mcdonnell & Roberts, Professional Association does

Leone, McDonnell & Roberts, Professional Association (LMR) is a New Hampshire-based certified public accounting firm founded in 1973, operating from three offices in Dover (headquarters), Wolfeboro, and North Conway. The firm provides a full-scope professional services portfolio including tax planning and preparation, audit and financial reporting, business consulting, outsourced client accounting, financial and retirement planning, employee benefit plan administration, and specialized elder care services. Its client base is concentrated in closely-held and family-owned businesses as the primary segment, with secondary vertical specialization in nonprofit organizations, affordable housing and HUD-regulated entities, manufacturing, construction, homeowner associations, and hospitality.

The firm operates on a professional services revenue model, billing hourly or via fixed fees for defined engagements, with no publicly disclosed pricing. Its technology stack is built on standard third-party platforms: QuickBooks Online and Desktop for bookkeeping, SafeSend Returns for secure tax document delivery, ShareFile for document exchange, and web-based client portals for electronic invoicing and bill pay. LMR pursues a sales-led go-to-market anchored in three physical offices, supplemented by a referral network of bankers, attorneys, and financial planners, plus a multi-channel marketing mix that includes an active blog, the "Bottom Line" eNewsletter, social media presence, community engagement (Rotary, Community Action Partnerships, Chamber of Commerce), and joint webinars with Independent Financial Partners.

LMR is structured as a partner-owned Professional Association (PA) with no external parent company, no institutional investors, and no disclosed funding rounds. The firm has 11-50 employees and is led by Managing Partners including Jack Callahan and Evan Stowell, with additional partners and principals (e.g., Shauna Brown, promoted to Partner in 2018) and a credentialed technical bench that includes AICPA Advanced Single Audit Certificate holders serving the nonprofit and federal grant compliance market. LMR maintains educational partnerships with four New Hampshire universities for recruiting and runs an internal promotion pipeline, demonstrated by recent leadership transitions including the 2021 passing of long-time shareholder John Daigneault and subsequent bench deepening through 2023 and 2025 promotions.

Name

Leone, Mcdonnell & Roberts, Professional Association

Legal name

Leone, McDonnell & Roberts, Professional Association

Website

https://lmrpa.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

51–100 employees

Short description

Leone, McDonnell & Roberts is a New Hampshire-based CPA firm founded in 1973, operating three offices and providing tax, audit, business consulting, outsourced accounting, and financial planning services primarily to closely-held businesses, nonprofits, and affordable housing clients across the region.

Ownership category

akta.pro rank

Product category

Public Accounting & Advisory Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPAHABAE

Outsourced Finance & CFO Services

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Accounting, Audit & Tax Services

SECONDARYBPAJAHAL

Association Accounting, Budgeting & Financial Reporting Services

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

SECONDARYBPAJAHAN

Association Compliance, Governance & Board Support Services

Business & Public Services/Real Estate Services (Brokerage, Property Management)/HOA/Condominium Association Management

Keywords

• Public accounting services
• Tax preparation planning
• Audit assurance services
• Outsourced bookkeeping services
• Business advisory consulting

Headquarters

HQ city

Dover

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Tax Planning & Preparation: Tax planning, preparation, and compliance services for individuals and businesses including multi-state filings and residency issues
2. Audit & Financial Reporting: Audit, review, and compilation services including nonprofit audits, HUD audits, and affordable housing audits
3. Business Consulting: Advisory services including strategic planning, project management support, and business operations consulting
4. Client Accounting Services: Outsourced bookkeeping and accounting services including payroll processing, A/P and A/R management, bank reconciliations, and financial statement preparation
5. Financial Planning: Financial planning and advisory services including retirement planning, estate planning, and Roth conversion planning
6. Employee Benefit Plans: Services related to employee benefit plan administration and compliance
7. Elder Care Services: Specialized services for elder care financial management and planning

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Leone, McDonnell & Roberts is a regional Certified Public Accounting firm that provides tax planning and preparation, audit and financial reporting, business consulting, outsourced client accounting, financial planning, employee benefit plan services, and elder care services to businesses, nonprofits, and individuals in New Hampshire. Engagements are delivered by CPA-licensed professionals from three physical offices in Dover, Wolfeboro, and North Conway, with industry specialization across closely-held businesses, nonprofits, affordable housing, manufacturing, construction, homeowner associations, and hospitality.

Product overview

Leone, McDonnell & Roberts is a Certified Public Accounting (CPA) firm offering professional services through an integrated portfolio of accounting, tax, and advisory solutions. The firm operates as a services-based practice rather than a software product company. Core service offerings include Tax Planning & Preparation, Audit & Financial Reporting, Business Consulting, Client Accounting Services (bookkeeping), Employee Benefit Plans, Financial Planning, and Elder Care Services. Client-facing digital tools include SafeSend Returns, ShareFile, Online Bill Pay, and Electronic Invoices for streamlined service delivery. The firm serves diverse industries including closely-held businesses, nonprofits, manufacturing, construction, hospitality, and affordable housing.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Planning & Preparation Tax planning, preparation, and compliance services for individuals and businesses, including multi-state filings, residency issues, and amended returns (Form 1040-X). Targeted at LMR's business and individual clients in New Hampshire.
• Audit & Financial Reporting Audit, review, and compilation services providing financial statement verification and compliance reporting, including nonprofit audits, HUD audits, and affordable housing audits. Delivered to nonprofits, housing developers, manufacturers, HOAs, and other New Hampshire entities.
• Business Consulting Advisory services helping clients with strategic planning, project management support, operational improvements, and business decision-making. Targeted at owners and managers of closely-held and family-owned New Hampshire businesses.
• Client Accounting Services Outsourced bookkeeping and accounting services using QuickBooks software, including transaction recording, accounts payable and accounts receivable management, payroll processing, bank reconciliations, and financial statement preparation. Delivered to small and mid-sized business clients.
• Financial Planning Financial planning and advisory services including retirement planning, estate planning, and Roth conversion planning. Offered to individuals and business owners across the firm's service area.
• Employee Benefit Plans Services related to the design, administration, and compliance of retirement plans, employee benefit plans, and welfare benefit programs for employer clients.
• Elder Care Services Specialized services for seniors, including financial management assistance and elder care coordination, targeted at elderly clients and their families.

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Independent Financial Partners (IFP)coreGTM or Marketing Partner · 24 June 2025Joint webinar series partnership for financial planning education. Collaborated on summer webinar series covering charitable contributions (June 2025), Backdoor Roth IRAs (July 2025), and Social Security claiming strategies (July 2025). Led by IFP's Chris Michalman alongside LMR's Chris McKay and Shantal DiMichele.
• University of New Hampshire (UNH) Peter T. Paul College of Business and EconomicsminorStrategic or Co-development PartnerLongstanding educational partnership for recruiting accounting students. Activities include career fairs, resume reviews, internship panel discussions, and CPA for a Day events. Firm has hired multiple UNH graduates as interns and full-time employees.
• Plymouth State UniversityminorStrategic or Co-development PartnerEducational institution partnership for recruiting accounting students and interns.
• Saint Anselm CollegeminorStrategic or Co-development PartnerEducational institution partnership for recruiting accounting students and interns.
• Southern New Hampshire UniversityminorStrategic or Co-development PartnerEducational institution partnership for recruiting accounting students and interns.
• Community Action Partnership (CAP) OrganizationsminorOthersCharitable partnership supporting five CAP agencies throughout New Hampshire including Strafford County Community Action Partnership, Southern New Hampshire Services, Southwestern Community Services, Community Action Program Belknap-Merrimack Counties, and Tri-County Community Action Program. Firm organizes employee giving campaigns and donations.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BerryDunn: Top-100 New England accounting firm headquartered in Portland, ME with a Manchester, NH office; offers tax, audit, and advisory services to closely-held businesses, nonprofits, and healthcare clients of similar size and regional scope to LMR.
• Baker Newman & Noyes: Regional CPA firm headquartered in Portland, ME serving closely-held businesses, nonprofits, and government entities across northern New England; very comparable in service mix (tax, audit, advisory) and client verticals to LMR.
• PKF O'Connor Davies: Northeast regional accounting and advisory firm serving closely-held businesses, nonprofits, and high-net-worth individuals across tax, audit, and advisory; comparable in service breadth and mid-market regional positioning.
• WithumSmith+Brown (Withum): Top-30 regional CPA firm serving closely-held businesses, nonprofits, and emerging companies on the East Coast with the same tax/audit/advisory service mix and similar client verticals.
• CBM (Councilor, Buchanan & Mitchell): Regional CPA firm serving the Mid-Atlantic with tax, audit, and outsourced accounting for closely-held businesses and nonprofits; comparable in size, service model, and client verticals.

Broad incumbents

• Plante Moran: Top-15 national CPA and business advisory firm serving closely-held businesses, nonprofits, manufacturing, and affordable housing; relevant as a larger-scale competitor offering the same verticals as LMR.
• Wipfli LLP: Top-25 national accounting and advisory firm with strong nonprofit and affordable housing practices; relevant as a larger-scale competitor in the same verticals LMR serves.
• Moss Adams: Top-15 national CPA firm serving closely-held businesses, nonprofits, manufacturing, and construction; relevant as a larger-scale competitor across the same verticals LMR targets.
• Mayer Hoffman McCann (CBIZ): Top-25 CPA firm (now part of CBIZ) with strong nonprofit and affordable housing practices; comparable in audit expertise and overlapping verticals to LMR's HUD and Form 990 work.
• Marcum LLP: Top-15 national CPA and advisory firm serving closely-held businesses, nonprofits, and real estate developers; relevant as a private-equity-backed competitor scaling across the same verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/LMR_PA
• Facebookfacebook.com/LMRPA
• LinkedInlinkedin.com/company/lmrpa

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Leone, Mcdonnell & Roberts, Professional Association