Turlington and Company

What Turlington and Company does

Turlington and Company, L.L.P. is a privately held Certified Public Accounting firm founded in September 1945 by W.H. Turlington in Lexington, North Carolina. The firm operates from two offices — a Lexington headquarters at 509 East Center Street and a Winston-Salem office at 1338 Westgate Center Drive — serving individuals, closely held businesses, and regulated entities across the southeastern United States. The firm is structured as a limited liability partnership with 8 partners and a Lexington headcount of 24 employees, 17 of whom are CPAs.

The firm delivers a full-service portfolio organized into 9 core service lines: Audit & Accounting (audit, review, and compilation engagements), Business Valuation (NACVA-accredited CVA services), Fraud Examination (CFE-led forensic services), Tax Services (planning and preparation across all entity types), Service Organization Controls (SSAE 16/SOC 1/2/3 reporting), Employee Benefit Plan Audits, Consulting, Estate Planning, and industry-specific advisory work. Service delivery is partner-led and consultative, with free initial consultations. Technology relies on industry-standard tools, including CCH Axcess for tax and AICPA-approved methodologies for audit and SOC engagements; the firm maintains specialized in-house expertise in FCC Part 32 Uniform System of Accounts for telecommunications clients.

Revenue is generated exclusively through fee-for-service professional engagements billed against partner and staff time. There is no disclosed pricing model, no subscription or platform revenue, and no software/SaaS component. The firm serves 8 primary vertical markets with telecommunications (50+ years of practice) and NASCAR race teams as distinctive specialty segments, alongside automobile dealerships, construction, healthcare/physicians, manufacturing, real estate, and retail. Since 2004 the firm has participated in the Telergee Alliance, a 7-firm nationwide CPA network focused on telecommunications, extending its effective reach for telecom engagements.

Name

Turlington and Company

Legal name

Turlington and Company, L.L.P.

Website

https://turlingtonandcompany.com

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

11–50 employees

Short description

Turlington and Company, L.L.P. is a privately held CPA firm founded in 1945 with offices in Lexington and Winston-Salem, North Carolina. The firm delivers audit, tax, valuation, fraud examination, employee benefit plan, and SOC reporting services to clients across 8 verticals including telecommunications, manufacturing, healthcare, and NASCAR racing teams.

Ownership category

akta.pro rank

Product category

Public Accounting and Auditing Services

NAICS

Offices of Certified Public Accountants (541211)

akta.pro primary industry

Trust & Estate Tax Planning & Compliance (FSAEAKAE)

Keywords

• Public accounting services
• Audit and attestation
• Tax planning preparation
• Business valuation services
• Employee benefit plan audits

Headquarters

HQ city

Lexington

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. Professional Services Fees: Turlington and Company generates revenue through fee-for-service engagements including tax preparation and planning, audit and attestation services, business valuation, fraud examination, consulting, and employee benefit plan audits. Revenue is derived from professional service hours billed to clients across various industries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Turlington and Company, L.L.P. is a full-service Certified Public Accounting firm providing audit, tax, business valuation, fraud examination, employee benefit plan audit, Service Organization Control (SOC) reporting, estate planning, and general business consulting services. The firm serves clients across specialized industry verticals including telecommunications, automobile dealerships, construction, healthcare, manufacturing, NASCAR racing teams, real estate, and retail, delivered by CPAs, Certified Valuation Analysts, and Certified Fraud Examiners out of its Lexington and Winston-Salem, North Carolina offices.

Product overview

Turlington and Company, L.L.P. is a full-service Certified Public Accounting (CPA) firm offering a comprehensive suite of professional accounting and advisory services. The firm operates as a unified service portfolio rather than a platform-plus-modules architecture. Core service lines include: Audit & Accounting (financial statement audits, reviews, compilations, and employee benefit plan audits); Business Valuation (Certified Valuation Analyst services for closely held companies); Fraud Examination (Certified Fraud Examiner services); Tax Services (planning, preparation, and representation across all entity types); Service Organization Controls (SOC 1, SOC 2, SOC 3 reporting under SSAE 16); Consulting (asset protection, succession planning, financial projections); and Estate Planning (tax-efficient wealth transfer). All services are delivered through the firm's two North Carolina offices by certified professionals including CPAs, CVAs, and CFEs.

Differentiator

Problem solved

Functional benefit

Brands

• Telergee Alliance: A seven-member nationwide network of CPA firms with a concentrated focus on clients operating in the telecommunications industry.

Products and services

• Audit & Accounting Provides financial reporting at three assurance levels (audit with highest assurance, review with limited assurance, and compilation for internal use), plus employee benefit plan audits, financial statement preparation, and accounting system setup for business clients.
• Business Valuation Business valuation services for closely held companies performed by two Certified Valuation Analysts (CVA) accredited by NACVA. Used for estate planning, mergers/acquisitions, buy-sell agreements, and litigation support.
• Fraud Examination Anti-fraud services delivered by Certified Fraud Examiners (CFE), including fraud risk assessment, investigations, anti-fraud control recommendations, interview conduct, and expert testimony on financial matters for organizations and legal proceedings.
• Employee Benefit Plans Audit and consulting for defined contribution retirement plans, defined benefit pension plans, and healthcare plans, ensuring compliance with DOL and IRS requirements. Delivered as a member of the AICPA Employee Benefit Plan Audit Quality Center.
• Tax Services Proactive tax planning and return preparation for individuals, corporations, partnerships, LLCs/LLPs, estates, trusts, not-for-profits, payroll, and sales tax. Includes IRS representation and business entity selection consulting.
• Service Organization Controls (SOC) SSAE 16/SOC reporting engagements including SOC 1, SOC 2, and SOC 3 reports. Provides control assessments for service organizations including financial transaction processors, payroll processors, data centers, and third-party administrators.
• Consulting Advisory services including asset protection planning, financial forecasts and projections, business succession planning, management advisory services, retirement plan services, debt and financing services, cash flow analysis, and financial planning for business clients.
• Estate Planning Financial and tax planning for estates, including trust setup assistance, probate record-keeping, estate tax compliance, and coordination with legal professionals on wills and trusts for individuals and families.
• Compilations and Reviews Compilation services based on client-provided information for internal use, and review services providing limited assurance through analytical procedures for privately held businesses.

Quantifiable outcome

• Organizations typically lose 5% of revenue to fraud annually - Turlington helps prevent this through dedicated Certified Fraud Examiners.

Segments8 records

Ideal customer profiles8 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.

• Telergee AlliancecoreStrategic or Co-development Partner · 1 January 2004Since 2004, Turlington and Company has been a member of the Telergee Alliance, a seven-member nationwide network of CPA firms with a concentrated focus on telecommunications clients. This membership enhances internal knowledge and industry experience while providing access to resources of other professionals throughout the country with similar telecommunications specialization.

Scale indicators3 records

Recent moves6 records

Expansion highlights2 records

Direct peers

• Dixon Hughes Goodman (DHG): Large Southeastern US regional CPA and advisory firm with comparable vertical specialization (including telecom and healthcare) and a similar mid-market focus. Operates with a partnership structure and industry-aligned service lines that closely mirror Turlington's model at greater scale.
• Elliott Davis: Southeastern regional CPA and advisory firm headquartered in the Carolinas with industry specialization across construction, healthcare, manufacturing, and real estate — directly overlapping Turlington's vertical mix and regional footprint.
• Cherry Bekaert: Mid-Atlantic and Southeast-focused CPA and advisory firm serving mid-market clients with industry-aligned practices (including telecom, healthcare, and government contracting). Comparable size band and partnership-led GTM motion to Turlington.
• Bernard Robinson & Company: North Carolina-based regional CPA firm with similar mid-market clientele and industry specialization. Direct competitor for Carolinas-based accounting, tax, and audit engagements at comparable fee structures.
• Smith Leonard PLLC: High Point, NC-based regional CPA firm serving mid-market clients with industry-focused practice. Comparable in size and service mix, and competes directly with Turlington in the Triad region of North Carolina.
• GreerWalker LLP: Charlotte-based CPA and advisory firm serving mid-market businesses across the Carolinas with industry-focused practices including healthcare, real estate, and professional services — overlapping Turlington's target client profile.
• Blackman & Sloop CPAs: North Carolina-based CPA firm offering tax, audit, and consulting services to mid-market businesses. Comparable size, regional footprint, and partnership-led delivery model.

Broad incumbents

• RSM US: National mid-market-focused accounting and advisory firm that competes with Turlington for larger engagements within the same verticals (especially telecom and healthcare), but operates as a much broader portfolio of services at national scale.
• FORVIS: Top-10 US accounting firm formed from the merger of BKD and Dixon Hughes Goodman. Serves mid-market clients across the same verticals as Turlington, but at substantially greater scale and geographic breadth.

Emerging players

• Pilot.com: Tech-enabled accounting, bookkeeping, and CFO services firm targeting SMB and growth-stage companies. Represents the software-first competitive threat at the lower end of Turlington's potential client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/TurlingtonandCo
• YouTubeyoutube.com/channel/UCkaYKOI5wBAiT1oQbxelzeA
• Facebookfacebook.com/turlingtoncpas
• LinkedInlinkedin.com/company/turlington-and-company
• Instagraminstagram.com/turlingtoncpas

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Turlington and Company