Belfint, Lyons & Shuman, P.A.

What Belfint, Lyons & Shuman, P.A. does

Belfint, Lyons & Shuman, P.A. (BLS) is a privately held Certified Public Accounting firm founded in 1923 and headquartered in Wilmington, Delaware, with a secondary office serving the Philadelphia/West Chester, Pennsylvania market. The firm operates across six primary service lines — Advisory Services (business consulting, estate and trust, litigation and valuation, outsourced accounting/QuickBooks consulting), Audit & Assurance (audits/reviews/compilations, employee benefit plan audits, forensic accounting, single audits, compliance examinations), Tax Services (business, individual, and multi-state and local tax), International Services (FBAR compliance), Delaware Holding Company Services, and IT Solutions & Managed Services.

BLS's core technology footprint is conventional for a regional professional services firm: QuickBooks consulting, Payerexpress bill-pay, Google Analytics on its website, and outsourced/managed IT services to clients. There is no disclosed proprietary platform, software product, or AI/ML capability; service delivery is performed by licensed professionals (CPA, CVA, CFE, QKA, AEP credentials) supported by administrative staff.

The firm generates revenue through professional services engagements priced on a custom, scope-based basis with multi-year contracts, and through a smaller managed services stream. Its customer base spans 13+ named verticals including auto dealerships, captive insurance, construction, employee benefit plans, family-owned businesses, foreign-owned U.S. entities, governmental agencies, high net worth individuals, law firms, medical practices, nonprofit organizations, real estate, and wholesale/distribution. Distribution is direct, relationship-driven, and supported by the BLS Insights blog, EBP Audit Blog, webinars, community event sponsorships, and the firm's membership in the PrimeGlobal international association of accounting firms. The firm has been named to IPA's Top 300 Firms List for 11 consecutive years, was recognized as a 2025 Top Workplace, and had multiple professionals named to Forbes' 2026 Best-in-State CPAs list.

Name

Belfint, Lyons & Shuman, P.A.

Legal name

Belfint Lyons & Shuman, P.A.

Website

https://belfint.com

Company type

Private

Founded year

1923

Operating status

Operating

Headcount range

101–250 employees

Short description

Belfint, Lyons & Shuman, P.A. is a privately held, Wilmington, Delaware-based CPA firm founded in 1923 that provides audit, tax, advisory, and Delaware holding company services to businesses, nonprofits, governmental entities, and high net worth individuals across Delaware and Pennsylvania.

Ownership category

akta.pro rank

Product category

Accounting & Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Other Accounting Services (541219)

akta.pro primary industry

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF)

akta.pro secondary industry

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

Keywords

• Audit and assurance
• Tax planning compliance
• Business advisory services
• Employee benefit plan audit
• Business valuation services

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Audit & Assurance Services: Provides agreed-upon procedures, audits, reviews, compilations, compliance examinations, employee benefit plan audits, forensic accounting, and single audit services
2. Tax Planning & Compliance: Business tax, individual tax, multi-state and local tax (SALT), international tax services including FBAR reporting
3. Advisory Services: Business consulting, estate and trust services, litigation and valuation services, outsourced accounting and bookkeeping
4. Delaware Holding Company Services: Specialized services for Delaware holding companies including tax planning and valuations
5. IT Solutions & Managed Services: Technology and managed IT services for business clients

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels6 records

Core offering

Belfint, Lyons & Shuman, P.A. is a Certified Public Accounting (CPA) firm delivering six core service lines: Audit & Assurance (including employee benefit plan audits, forensic accounting, and single audits), Tax Services (business, individual, multi-state/local, and international/FBAR), Advisory Services (business consulting, estate & trust, litigation & valuation, and outsourced accounting/bookkeeping with QuickBooks consulting), International Services, Delaware Holding Company Services, and IT Solutions & Managed Services. The firm serves businesses, government agencies, nonprofits, employee benefit plans, law firms, and high net worth individuals across Delaware and Pennsylvania.

Product overview

Belfint, Lyons & Shuman, P.A. is a Certified Public Accounting (CPA) firm offering a comprehensive suite of professional services organized into six primary service lines: Advisory Services (including Business Consulting, Estate & Trust Services, Litigation & Valuation Services, and Outsourced Accounting/Bookkeeping), Audit & Assurance Services (covering Employee Benefit Plan Audits, Forensic Accounting, and Single Audits), Tax Services (Business Tax and Individual Tax), International Services (FBAR compliance), Delaware Holding Company Services, and IT Solutions & Managed Services. The firm specializes in serving businesses, government agencies, employee benefit plans, estates and trusts, nonprofit organizations, and family law attorneys across Delaware and Pennsylvania.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Services Comprehensive audit and assurance services for businesses, nonprofits, governmental agencies, and employee benefit plans, including agreed-upon procedures, financial statement audits, reviews, compilations, compliance examinations, employee benefit plan audits, forensic accounting, and single audits under Uniform Guidance.
• Tax Services Tax planning and compliance services for businesses and individuals, including corporate tax, personal tax, multi-state and local tax (SALT) consulting, and international tax.
• Advisory Services Business consulting, estate and trust planning, litigation and valuation services, and outsourced accounting/bookkeeping for clients needing strategic guidance and operational support.
• Employee Benefit Plan Audits Specialized 401(k) and other employee benefit plan audits to help plan sponsors meet ERISA and Department of Labor requirements, including Form 5500-related compliance support.
• International Services Services for international and cross-border tax matters, including Report of Foreign Bank and Financial Accounts (FBAR) compliance and advisory for foreign-owned U.S. entities.
• Delaware Holding Company Services Specialized tax planning and valuation services for Delaware holding companies, leveraging Delaware's favorable corporate laws.
• IT Solutions & Managed Services Technology solutions and managed IT services delivered under the BL&S Tech brand to support client business operations.
• Litigation & Valuation Services Business valuation, expert witness testimony, and litigation support services including division of marital property calculations for family law and other legal proceedings.
• Outsourced Accounting & Bookkeeping Full-service outsourced accounting and bookkeeping support, including certified QuickBooks consulting for business clients using QuickBooks accounting software.

Quantifiable outcome

• 11 consecutive years on IPA Top 300 Firms List
• +1 more outcomes

Segments13 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Summit Group Retirement Planners, Inc.coreStrategic or Co-development Partner · 17 December 2025Ongoing partnership where Summit Group invites BLS professionals (Maria T. Hurd, CPA) to present webinars on retirement plan topics including Form 5500, SECURE Act updates, Secure 2.0 catch-up requirements, and common audit findings. Collaborative educational content for retirement plan sponsors.
• PrimeGlobalcoreOthersInternational association of independent accounting firms providing BLS with global network capabilities and referral relationships for international client needs.
• Delaware Contractors AssociationminorGTM or Marketing PartnerBLS is a T-Shirt Sponsor for DCA's 53rd Annual Crab Feast 2026.
• Christ Church Christiana HundredminorGTM or Marketing PartnerBLS is a Tee Sponsor for the annual Christ Church Christiana Hundred Golf Classic (2022-2026).
• Stroud Water Research CenterminorGTM or Marketing PartnerBLS is a Hole Sponsor for the Fore Fresh Water Golf Invitational supporting environmental research and education.
• Delaware State Chamber of CommercecoreGTM or Marketing PartnerBLS is a Small Business Leader Sponsor for DSCC's 189th Annual Dinner, Delaware's premier business event with 1,100+ business leaders.
• Estate Planning Council of DelawareminorGTM or Marketing PartnerBLS is sponsoring EPCDE's 2026 Annual Meeting on International Planning.
• Delaware Alliance for Nonprofit Advancement (DANA)coreStrategic or Co-development PartnerJon Moll, CPA presents virtual workshops on nonprofit financial management for DANA members.
• AICPA & CIMAcoreStrategic or Co-development PartnerChristopher J. Ciminera, CPA co-presents at the AICPA & CIMA Employee Benefit Plans Conference on 401K corrections.
• University of DelawareminorGTM or Marketing PartnerParticipates in Meet the Firms recruiting events for summer internship program.
• Lighthouse Youth CenterminorGTM or Marketing PartnerBLS is a Sponsor for the annual Golf Tournament supporting youth programs.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Sax LLP: Mid-Atlantic regional CPA and advisory firm of comparable size, serving closely held businesses and nonprofits with audit, tax, and advisory services across NJ, NY, and CT—directly mirroring BLS's positioning in DE/PA.
• Citrin Cooperman: Top-50 U.S. accounting firm with strong Mid-Atlantic presence providing audit, tax, and advisory to private middle-market companies, family-owned businesses, and nonprofits—a near-identical service mix to BLS.
• WithumSmith+Brown: Top-30 U.S. accounting firm headquartered in New Jersey serving privately held companies with audit, tax, advisory, and specialty services, with comparable Mid-Atlantic client overlap to BLS.
• CliftonLarsonAllen (CLA): Top-10 U.S. accounting firm focused on private mid-market businesses, nonprofits, and benefit plans—directly overlapping BLS's EBP audit and nonprofit verticals at larger scale.
• Grassi & Co. Top-100 regional CPA firm providing audit, tax, advisory, and specialty services to mid-market businesses across multiple verticals, with comparable size and service-line breadth to BLS.
• Bonadio Group: Mid-size Northeast regional CPA firm offering audit, tax, and advisory to privately held businesses, nonprofits, and government entities—comparable scope and client mix to BLS in a neighboring geography.

Broad incumbents

• BDO USA: Top-5 global accounting network with extensive U.S. operations serving mid-market and larger clients across audit, tax, and advisory—competes with BLS for upper mid-market engagements in DE/PA.
• FORVIS (FORVIS Mazars): Top-10 U.S. accounting firm formed by the merger of FORVIS and Mazars USA, providing full-service audit, tax, and advisory to mid-market clients—directly competes for BLS's largest regional engagements.
• Wipfli LLP: Top-20 U.S. accounting and advisory firm with strong presence serving closely held businesses and nonprofits across multiple regions—overlapping with BLS's mid-market and nonprofit verticals.
• Plante Moran: Top-15 U.S. accounting and business advisory firm serving middle-market companies, family-owned businesses, and nonprofits—a broader-scale analog to BLS with similar client archetypes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/belfintlyonsshuman
• Xx.com/belfintcpas
• Facebookfacebook.com/belfintcpas

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Belfint, Lyons & Shuman, P.A.