Somerset CPAs, P.C.

What Somerset CPAs, P.C. does

Somerset CPAs, P.C. is a private, for-profit professional services firm headquartered in Indianapolis, Indiana, providing accounting, tax, and advisory services. Established in 1960, the firm has operated for more than six decades and currently lists between 101 and 250 employees, consistent with a mid-sized regional CPA practice. The firm's stated functional focus is on accounting, tax, and advisory engagements delivered to clients in the Indianapolis market, with no publicly disclosed pricing model beyond a quote-based engagement structure typical of the profession. Business model mechanics resemble those of the broader US mid-market CPA industry: recurring fees from annual audit, tax compliance, and ongoing advisory mandates delivered through direct partner-led client relationships. The website (somersetcpas.com) is the principal client-facing channel.

Note on data scope: the source material aggregated for this record predominantly pertains to CBIZ, Inc., a separate and considerably larger public professional services firm (NYSE: CBZ, headquartered in Cleveland). The source itself acknowledges that the bulk of the content describes CBIZ rather than Somerset CPAs, P.C.; consequently, extensive listings of CBIZ service lines (Benefits, Insurance, Technology, multi-disciplinary advisory sub-services, Ohio State research partnership, etc.) and CBIZ corporate structure are not represented here as facts about Somerset. Investment conclusions drawn from this record should reflect that the majority of service-line, customer-segment, and partnership detail is anchored to CBIZ, not Somerset.

Name

Somerset CPAs, P.C.

Legal name

CBIZ CPAs P.C.

Website

https://somersetcpas.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Somerset CPAs, P.C. is a private Indianapolis-based accounting firm founded in 1960 with 101–250 employees, delivering accounting, tax, and advisory services to clients in the Indianapolis market.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Accounting Services: Audit & Attest services and Financial Reporting capabilities generating recurring revenue from ongoing client engagements.
2. Tax Services: Business Tax, International Tax, Opportunity Zones, Private Client Services, Specialized Tax, and State & Local Tax services providing recurring tax preparation and advisory revenue.
3. Advisory Services: Compensation Consulting, Financial Accounting & Advisory Services, Forensic Consulting & Litigation Services, Human Capital Management, Investment Advisory Services, M&A Advisory, Private Equity Advisory, Risk & Advisory Services, Talent Solutions, Tariff Solutions, Tenant Representation, Transaction Advisory Services, and Valuation Services.
4. Benefits Services: Actuarial Services, Employee Benefits Administration, Employee Benefits Consulting, HR Services, Retirement Plan Administration, and Retirement Plan Consulting.
5. Insurance Services: Business Insurance Solutions, Individual Insurance, Risk Management, and Specialty Insurance offerings.
6. Technology Services: AI solutions, Cloud & Infrastructure, Cybersecurity, Emerging Technology, Enterprise Performance & Technology, and Managed Services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Somerset CPAs, P.C. provides integrated professional services including accounting (audit & attest, financial reporting), tax (business, international, state & local, specialized), advisory (M&A, transaction advisory, valuation, risk, forensic, human capital, investment advisory), employee benefits administration and consulting, insurance solutions, and technology advisory spanning AI, cloud, cybersecurity, and managed services. The firm serves middle-market businesses and organizations across multiple industries through direct engagement and a regional office network.

Product overview

CBIZ operates as an integrated professional services platform providing Accounting, Tax, Advisory, Benefits, Insurance, and Technology services. Under the Technology service umbrella, the company offers Artificial Intelligence (AI), Cloud & Infrastructure, Cybersecurity, Emerging Technology, Enterprise Performance & Technology, Managed Services, and Payroll & HR Technology solutions. The Accounting service includes Audit & Attest and Financial Reporting sub-services. Tax services encompass Business Tax, International Tax, Opportunity Zones, Private Client Services, Specialized Tax, and State & Local Tax. Advisory services include Compensation Consulting, Financial Accounting & Advisory Services, Forensic Consulting & Litigation Services, Human Capital Management, Investment Advisory Services, M&A Knowledge Center, Private Equity Advisory, Risk & Advisory Services, Talent Solutions, Tariff Solutions, Tenant Representation, Transaction Advisory Services, and Valuation Services. Benefits offerings consist of Actuarial Services, Employee Benefits Administration, Employee Benefits Consulting, HR Services, Retirement Plan Administration, and Retirement Plan Consulting. Insurance services include Business Insurance Solutions, Individual Insurance, Risk Management, and Specialty Insurance.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting Services Provides audit & attest and financial reporting services that streamline policies, standards, and reporting to accelerate growth for business clients.
• Tax Services Business Tax, International Tax, Opportunity Zones, Private Client Services, Specialized Tax, and State & Local Tax services that minimize tax burden while complying with complex reporting regulations.
• Advisory Services Compensation Consulting, Forensic Consulting & Litigation Services, Human Capital Management, Investment Advisory, M&A Advisory, Private Equity Advisory, Risk & Advisory, Talent Solutions, Tariff Solutions, Tenant Representation, Transaction Advisory, and Valuation Services for businesses.
• Benefits Services Actuarial Services, Employee Benefits Administration, Employee Benefits Consulting, HR Services, Retirement Plan Administration, and Retirement Plan Consulting that optimize workforce strategy.
• Insurance Services Business Insurance Solutions, Individual Insurance, Risk Management, and Specialty Insurance offerings to protect businesses from uncertainty.
• Technology Services AI, Cloud & Infrastructure, Cybersecurity, Emerging Technology, Enterprise Performance & Technology, Managed Services, and Payroll & HR Technology solutions to improve efficiency, enhance security, and drive growth.

Segments6 records

Ideal customer profiles4 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.

• The Ohio State University National Center for the Middle MarketcoreStrategic or Co-development PartnerResearch partnership producing the Mid-Market Pulse and Tradeoff Economy reports. CBIZ collaborates with the National Center for the Middle Market at The Ohio State University Fisher College of Business to conduct research on middle-market company performance, decision-making, and growth trends.

Direct peers

• Crowe LLP: National accounting and advisory firm with a strong Indianapolis presence serving middle-market and large private clients, directly competing for the same engagements.
• Plante Moran: Large U.S. accounting and advisory firm with significant middle-market concentration, offering the same accounting, tax, and advisory services as Somerset CPAs.
• RSM US: National middle-market-focused CPA and advisory firm competing for the same client profile as Somerset CPAs, including private equity-backed and growth-oriented businesses.
• Baker Tilly US: Top-tier U.S. accounting and advisory firm with a strong middle-market practice, providing overlapping accounting, tax, and advisory services.
• Wipfli LLP: National accounting and advisory firm focused on middle-market clients with comparable service line breadth and similar client size profile.
• Katz, Sapper & Miller: Indianapolis-based CPA and advisory firm of comparable size offering accounting, tax, and advisory services to middle-market clients in the same regional market as Somerset CPAs.
• Blue & Co. Indianapolis-headquartered CPA firm providing accounting, tax, and advisory services to middle-market clients with a comparable multi-office Midwestern footprint and service mix.
• FORVIS (formerly BKD): National top-10 CPA and advisory firm serving middle-market clients across accounting, tax, and advisory — a direct competitor for the same client segment Somerset CPAs targets.

Broad incumbents

• Deloitte (Indianapolis): Big Four firm with an Indianapolis office that increasingly targets the middle-market segment, representing a larger incumbent competitor for the same client base.
• KPMG (Indianapolis): Big Four firm with a significant Indianapolis presence serving middle-market and large clients, providing a broader portfolio of services that overlaps with Somerset CPAs' offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/somerset-cpas-p.c.
• Xx.com/somersetcpas
• Facebookfacebook.com/somerset-cpas-pc-140499059242

Revenue estimate

Valuation estimate

Number of profiles

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 Somerset CPAs, P.C.