Thomas Lewis & Associates P.A.

What Thomas Lewis & Associates P.A. does

Thomas Lewis & Associates, P.A. (DBA Lewis & Associates, P.A.) is a family-owned certified public accounting firm founded in 1973 by Thomas Lewis in Minnesota. The firm provides tax preparation, bookkeeping, payroll management, business formation, and financial planning services to individual taxpayers and small-to-medium businesses in the local Minnesota market. Services are delivered by a team of experienced CPAs and dedicated support staff, with no disclosed proprietary technology platform; operations rely on manual accounting workflows supplemented by a basic website and a PayPal/Sharefile portal for client document exchange and online service booking.

The firm's revenue model is entirely professional services-based, with pricing quoted on a per-engagement basis typical of local CPA practices. No public pricing, customer counts, or revenue figures are disclosed. Customer acquisition is driven by community reputation, word-of-mouth referrals, and direct phone or website inquiries, reflecting a sales-led, relationship-based GTM motion. The firm reports 1-10 employees, no parent company, no institutional investors, and no disclosed funding, acquisitions, or partnerships. Ownership is founder-controlled and family-held, with no identified changes in ownership over its 50+ year history.

The operating footprint is confined to the Minnesota market, with no disclosed multi-state or international activity. The firm maintains an active blog and website but has no mobile app, no API, no disclosed integrations, and no AI/ML capabilities. Its competitive positioning is built on 50 years of local presence, family-owned heritage, and the ability to offer both personal and business financial services under one roof, rather than on technology, scale, or specialization.

Name

Thomas Lewis & Associates P.A.

Legal name

Lewis & Associates, P.A.

Website

https://tlewiscpa.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Short description

Thomas Lewis & Associates, P.A. is a family-owned Minnesota CPA firm founded in 1973, providing tax preparation, bookkeeping, payroll, business formation, and financial planning services to individual taxpayers and small-to-medium businesses in the local Minnesota market.

Ownership category

akta.pro rank

Headquarters

HQ city

Mendota

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Tax Preparation Services: Tax return preparation for individuals (1040) and business entities (S Corporation, Partnership, C Corporation) and sales tax filing.
2. Accounting and Bookkeeping Services: Ongoing bookkeeping to manage daily transactions and financial record-keeping for clients.
3. Payroll Management Services: Payroll processing and tax management services for business clients.
4. Business Formation Services: New business organization including EIN generation, Secretary of State registration, and Minnesota Tax ID assistance.
5. Financial Planning and Advisory: Reporting and strategic advice to support business growth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Thomas Lewis & Associates P.A. is a family-owned CPA firm that delivers tax preparation, bookkeeping, payroll management, new business organization, and financial planning/advisory services to individuals and small/medium businesses in Minnesota. The firm prepares individual (1040) and entity (S Corporation, Partnership, C Corporation) tax returns, manages daily transaction recording, processes payroll and related taxes, assists with new business formation (EIN, Secretary of State registration, Minnesota Tax ID), and provides reporting and growth-oriented advisory support.

Product overview

Thomas Lewis & Associates, P.A. is a family-owned accounting firm offering a unified suite of professional financial services. The core offering comprises Tax Preparation services (covering individual and business entity returns), New Business Organization support (EIN, state registration, tax ID), and Management services including Bookkeeping, Payroll Management, and Financial Planning. These services are delivered as an integrated service offering rather than discrete software products.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Preparation

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• BDO USA: Top-tier U.S. accounting firm serving mid-market businesses with tax, audit, advisory, and outsourced accounting services. Comparable in serving the same SMB/mid-market customer segment, but with vastly broader scope and geographic reach.
• RSM US: Mid-tier accounting firm focused on the middle market, providing tax, audit, and consulting. Comparable SMB/mid-market client base and service mix, but at national scale and with significantly deeper capabilities.
• CliftonLarsonAllen (CLA): Top-10 U.S. accounting firm providing tax, audit, advisory, and outsourced accounting to SMBs and mid-market companies. Directly comparable SMB client segment, and an active acquirer of local CPA practices.
• Marcum LLP: Top-tier U.S. accounting and advisory firm serving middle-market and SMB clients with tax, assurance, and advisory services. Comparable customer base and service categories, operating as a national consolidator of regional CPA firms.

Direct peers

• Jackson Hewitt: Franchise-based tax preparation chain serving individual and small-business clients with similar 1040, business entity, and sales-tax filings. Comparable as a competing retail/mass-market tax prep channel.
• 1-800Accountant: Virtual CPA firm serving small and mid-sized businesses with bookkeeping, payroll, tax, and advisory services. Comparable customer segment (SMBs and individuals) and service menu (tax, bookkeeping, payroll, formation, advisory), differentiated mainly by remote-first delivery.
• Liberty Tax: Franchise tax preparation brand providing individual and small-business tax services. Comparable offering and target customer base to a local CPA practice, though operating through a franchise distribution model.
• H&R Block: National tax preparation chain offering 1040 individual returns, small-business filings, and bookkeeping-adjacent services. Directly comparable as a provider of retail-style tax prep to individuals and SMBs, though at vastly larger scale.
• Padgett Business Services: Franchise network of small-business accounting professionals providing tax prep, bookkeeping, payroll, and business advisory to SMBs. Closely comparable customer base (small businesses) and integrated service offering.

Emerging players

• Intuit (QuickBooks Live / TurboTax Live): Owner of TurboTax and QuickBooks that has expanded into live CPA/bookkeeper services via TurboTax Live and QuickBooks Live. Comparable service categories and represents the technology-enabled competitive threat to traditional local CPA practices.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Thomas Lewis & Associates P.A.