Mills, Dayton & Company

What Mills, Dayton & Company does

Mills, Dayton & Company, P.C. is a privately held CPA firm founded in 1998 and headquartered in Fredericksburg, Virginia, with a second office in Culpeper. The firm delivers three integrated service lines to small businesses, solopreneurs, and growing enterprises: Accounting & Bookkeeping (invoicing, expense management, reconciliations, payroll support), Tax Management (preparation, filing, and strategic planning across business, personal, and estate), and Small Business Advisory (financial guidance and growth consulting). Service delivery is tech-enabled through certified partnerships with Xero, QuickBooks Online, Gusto, Bill.com, TaxCaddy, and Dext, with secure client portals and cloud-based document management supporting both in-person engagements at the Virginia offices and remote service nationwide.

The firm's underlying technology stack is entirely composed of best-of-breed third-party SaaS rather than proprietary systems; the firm operates as a managed-services and advisory layer on top of the dominant SMB cloud accounting ecosystem, including Xero Certified Advisor status. Revenue is generated through three monthly subscription tiers (Essential, Growth, Enterprise) that bundle accounting, tax, and advisory at increasing levels of comprehensiveness, supplemented by professional services fees for tax and advisory engagements. Go-to-market is consultative and relationship-driven via a website intake form, professional memberships (VSCPA, AICPA, Fredericksburg and Culpeper Chambers of Commerce), and SEO, with no external funding, no institutional investors, and no disclosed M&A activity. The firm employs 1–10 people, operates as an owner-led professional corporation under Michael Dayton, CPA, and maintains a small remote team in addition to its Virginia offices.

Name

Mills, Dayton & Company

Legal name

Mills, Dayton & Company, P.C.

Website

https://millsdayton.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Mills, Dayton & Company is a Virginia-based CPA firm providing accounting, bookkeeping, tax management, and small business advisory services through tiered monthly subscription packages, primarily serving small businesses and solopreneurs across the U.S. via cloud-based platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Fredericksburg

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Accounting & Bookkeeping Services: Provides comprehensive accounting services including invoicing, accounts receivable, expense management, bill pay, bank reconciliations, and payroll processing. Revenue is generated through tiered service packages billed on a recurring monthly basis.
2. Tax Management Services: Tax preparation, filing, and strategic planning services. Covers business, personal, and estate planning. Revenue generated through service fees bundled into tiered packages or separate engagements.
3. Small Business Advisory: Business consulting services providing financial insights, cash flow tracking, and advisory support to help businesses make informed decisions and plan for growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Mills, Dayton & Company is a CPA firm providing tech-enabled accounting and bookkeeping, tax management, and small business advisory services to small businesses, solopreneurs, and individual clients. Services are delivered through tiered monthly subscription packages (Essential, Growth, Enterprise) and leverage certified partnerships with cloud platforms including QuickBooks Online, Xero, Gusto, TaxCaddy, Dext, and Bill.com. The firm operates from Culpeper and Fredericksburg, Virginia, serving local and remote U.S. clients.

Product overview

Mills, Dayton & Company is a CPA firm offering a unified suite of financial services consisting of three core service lines: Accounting & Bookkeeping, Tax Management, and Small Business Advisory. The firm delivers these services through three tiered service packages (Essential, Growth, and Enterprise) designed to scale with business complexity. Services are tech-enabled through integration with cloud-based platforms including QuickBooks Online, Xero, Gusto, Bill.com, TaxCaddy, and Dext, which the firm uses to provide secure document sharing, automated bookkeeping, and streamlined payroll processing.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting & Bookkeeping Comprehensive accounting services including invoicing, accounts receivable and collections, expense management, bill pay, bank and credit card reconciliations, and payroll processing and support, designed to help businesses maintain accurate financial records for informed decision-making.
• Tax Management Tax preparation, filing, and strategic planning services ensuring compliance while maximizing tax savings, covering business, personal, and estate planning with money-saving strategic advice for small businesses and individuals.
• Small Business Advisory Financial guidance and consulting services focused on helping small businesses make informed decisions and achieve sustainable growth through fast, accurate, and easy decision-making based on financial data.

Quantifiable outcome

• 20% Qualified Business Income (QBI) Deduction maximization for pass-through entities

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• XerocoreTechnology or IntegrationXero is a cloud-based accounting software designed for small to medium-sized businesses. Mills, Dayton & Company is a Xero Certified Advisor, providing invoicing, bank reconciliation, expense tracking, payroll, inventory management, and financial reporting services to clients using the Xero platform.
• GustocoreTechnology or IntegrationGusto is a cloud-based platform providing payroll, benefits, and HR management services for small to mid-sized businesses. The firm leverages Gusto for automated payroll processing, tax filings, employee onboarding, benefits enrollment, time tracking, and compliance management for clients.
• QuickBooks OnlinecoreTechnology or IntegrationQuickBooks Online is a cloud-based accounting platform enabling businesses to manage finances anytime, anywhere with features like invoicing, expense tracking, payroll, and real-time reporting. The firm provides QBO implementation and ongoing management services.
• TaxCaddycoreTechnology or IntegrationTaxCaddy is a secure, cloud-based tax preparation platform that simplifies document collection and sharing. Mills, Dayton & Company uses TaxCaddy to modernize client communication, centralize tax documents, speed up tax prep, and improve workflow efficiency through features like document upload, Smart Links, and eSignatures.
• Dext (formerly Receipt Bank)coreTechnology or IntegrationDext is a cloud-based expense management tool that automatically extracts, organizes, and syncs receipts, invoices, and financial documents with accounting software like Xero, QuickBooks, and Sage. The firm uses Dext for efficient expense tracking and receipt management for clients.
• BillcoreTechnology or IntegrationBill (Bill.com) is a cloud-based accounts payable and payment processing platform. The firm leverages Bill.com for streamlined bill pay, invoice management, and payment processing for client businesses.
• Virginia Society of Certified Public Accountants (VSCPA)minorOthersProfessional membership organization for certified public accountants in Virginia. Membership provides credibility, continuing education, and networking opportunities within the accounting profession.
• American Institute of Certified Public Accountants (AICPA)minorOthersNational professional organization representing CPAs. Membership demonstrates commitment to professional standards and provides access to resources, advocacy, and professional development.
• Fredericksburg Chamber of CommerceminorOthersLocal business membership organization serving the Fredericksburg, Virginia area. Provides networking opportunities and community involvement for the firm's Fredericksburg office.
• Culpeper Chamber of CommerceminorOthersLocal business membership organization serving the Culpeper, Virginia area. Provides networking and community engagement opportunities for the firm's Culpeper office.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Emerging players

• Bench: Bench is a tech-enabled bookkeeping service that pairs SMB clients with a dedicated bookkeeper and proprietary software for monthly financials and tax filing. Directly comparable business model: recurring bookkeeping + tax bundled for small businesses using cloud tools.
• Xendoo: Xendoo is an online accounting and bookkeeping service for small businesses offering monthly bookkeeping, tax filing, and financial reporting on subscription tiers. Directly comparable subscription-based virtual accounting firm serving SMBs.
• Pilot: Pilot is a tech-enabled accounting and bookkeeping firm providing monthly close, CFO advisory, and tax services to startups and SMBs using cloud platforms. Comparable as a modern, cloud-native accounting services provider targeting small businesses with subscription-style engagements.
• 1-800Accountant: 1-800Accountant is a virtual accounting and tax services provider serving SMBs and entrepreneurs with bookkeeping, tax preparation, and advisory on a subscription basis. Comparable as a subscription-based, primarily remote accounting services firm targeting SMBs and solopreneurs.
• Botkeeper: Botkeeper combines AI/automation with human accountants to deliver bookkeeping, tax, and reporting to SMBs and accounting firms. Comparable as a hybrid automation-plus-accountant delivery model serving small business clients.
• InDinero (now Crunch): InDinero (acquired by Crunch) provides outsourced bookkeeping, tax, and CFO services to small and mid-sized businesses using cloud accounting platforms. Comparable as a subscription-based accounting services firm serving SMBs with cloud-native tooling.

Broad incumbents

• H&R Block: H&R Block is a large, established tax preparation and small-business accounting services provider with retail and virtual channels. Comparable as a tax-and-accounting services provider serving individual and small-business clients, though at much greater scale and with broader geographic reach.
• KPMG Spark: KPMG Spark is the cloud accounting service from Big Four firm KPMG that provides bookkeeping, tax, and CFO support to SMBs and startups. Comparable as a professional accounting services firm using cloud accounting platforms (Xero, QuickBooks) to serve small businesses.
• BDO USA: BDO is a large global accounting and advisory firm with extensive tax, accounting, and small-business advisory service lines. Comparable as a CPA firm offering tax management, accounting/bookkeeping, and small business advisory services, though at substantially greater scale and breadth.

Direct peers

• Padgett Business Services: Padgett Business Services is a North American franchise network of small-business accounting, tax, and advisory firms serving SMBs across diverse industries. Closely comparable as a small, owner-operated local CPA-style firm offering bundled accounting/tax/advisory to small businesses.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Mills-Dayton-Company-Pc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Mills, Dayton & Company