Maddox & Associates

What Maddox & Associates does

Maddox & Associates, APC is a privately held public accounting firm founded in 1972 and headquartered at 5627 Bankers Avenue in Baton Rouge, Louisiana. The firm provides audit, compilation, review, tax, accounting, and advisory services to clients nationwide, with a stated specialty in affordable housing compliance — including HUD Cost Certifications and Low Income Housing Tax Credit (LIHTC) services — alongside work for construction, construction supply, medical practices, and non-profit organizations. Service delivery adheres to Government Auditing Standards, and the firm maintains active affiliations with the AICPA, Society of Louisiana CPAs, Affordable Housing Association of CPAs, and the Governmental Audit Quality Center.

The firm operates with a full-time staff of 20 professionals including 10 certified public accountants, and is led by President Jeffrey M. Maddox (32 years at the firm) and Vice President Bryan Beale (32 years at the firm), with additional Directors, Senior Managers, and Managers. The Maddox family holds ownership, with no external institutional investment indicated. All audit work is performed manually under standard professional methodologies with comprehensive quality review procedures; the firm has passed 10 consecutive AICPA peer reviews, most recently in 2023.

Maddox & Associates generates revenue exclusively through professional services engagements billed on a quote-based pricing model determined by engagement scope and complexity. The firm does not disclose pricing publicly. Customer acquisition is driven by professional network referrals, firm reputation, and long-standing relationships rather than outbound marketing. There are no technology platforms, software products, or AI-enabled service offerings disclosed — the business operates as a traditional labor-intensive CPA practice.

Name

Maddox & Associates

Legal name

Maddox & Associates, APC

Website

https://maddoxassociates.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Maddox & Associates is a privately held Baton Rouge-based public accounting firm founded in 1972, providing audit, tax, accounting, and specialized HUD/LIHTC compliance services to multifamily housing, construction, medical, and non-profit clients nationwide from a 20-person professional staff.

Ownership category

akta.pro rank

Product category

Public Accounting Services

NAICS

Management, Scientific, and Technical Consulting Services (5416)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Audit & Assurance Services (BPAHABAA)

akta.pro secondary industry

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

Keywords

• Public accounting services
• Audit and assurance
• Tax preparation services
• LIHTC affordable housing audits
• Construction industry accounting

Headquarters

HQ city

Baton Rouge

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. Audit Services: Traditional audit engagements providing financial statement examinations with quality controls and compliance with Government Auditing Standards. The firm emphasizes that audits are not commodities and provides insights for improved controls and safeguards.
2. Compilation and Review Services: Compilation and review services providing varying levels of financial statement assurance to meet client needs.
3. Tax Services: Tax preparation and planning services for individuals and businesses.
4. Accounting Services: General accounting and bookkeeping services to streamline client financial operations.
5. Specialized Services: HUD Cost Certifications, Bond Indenture Reports, Budgeting, Financial Planning, LIHTC Carryover & Cost Certifications, and LIHTC Transaction, Accounting, Investor, & Tax Services for specialized industries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Maddox & Associates is a Louisiana-based public accounting firm established in 1972 that delivers audit, compilation, review, agreed-upon procedures, tax, and accounting services to organizations nationwide. Core audit/assurance work emphasizes actionable insights beyond compliance, supplemented by specialized offerings such as HUD Cost Certifications, LIHTC certifications and transaction services, Bond Indenture Reports, Budgeting, and Financial Planning.

Product overview

Maddox & Associates is a public accounting firm offering a unified suite of professional services centered on audit and assurance. The core practice includes audits, compilations, and reviews, supplemented by specialized services such as HUD Cost Certifications and LIHTC (Low Income Housing Tax Credit) services. The firm also provides accounting, tax, and financial advisory services including budgeting and bond indenture reports. Services are delivered across five main industry verticals: Multifamily Housing, Construction Companies, Construction Supply and Material Companies, Medical Practices, and Non-Profit Organizations.

Differentiator

Problem solved

Functional benefit

Products and services

• Audits Comprehensive audit services providing independent examination of financial statements with insights for improved controls and financial reporting. Targeted at organizations requiring audit assurance.
• Compilations Compilation services providing financial statement preparation with limited assurance. Targeted at organizations that do not require a full audit.
• Reviews Review services providing limited assurance on financial statements through analytical procedures. Targeted at organizations requiring moderate assurance.
• Agreed Upon Procedures Custom attestation engagement performing specific procedures agreed upon by the parties involved. Targeted at organizations needing narrowly defined procedures and reporting.
• Accounting Services Full-service accounting support including bookkeeping, financial statement preparation, and accounting system optimization. Targeted at organizations seeking outsourced accounting.
• Tax Services Tax planning, preparation, and compliance services for businesses and individuals. Targeted at business and individual clients.
• HUD Cost Certifications Certification services for HUD-funded projects ensuring compliance with cost allocation requirements. Targeted at housing developers and operators with HUD-funded projects.
• LIHTC Carryover & Cost Certifications Low Income Housing Tax Credit certifications for real estate developers and investors. Targeted at affordable housing developers and LIHTC investors.
• LIHTC Transaction, Accounting, Investor, & Tax Services Comprehensive LIHTC program services including transaction support, accounting, investor relations, and tax compliance. Targeted at LIHTC-affordable housing developers and investors.
• Bond Indenture Reports Compliance reporting for bond issuers and trustees as required under bond agreements. Targeted at bond issuers and trustees.
• Budgeting Budget development and planning services to help clients manage financial resources effectively. Targeted at organizations needing budgeting support.
• Financial Planning Strategic financial planning services to support business growth and success. Targeted at organizations seeking strategic financial planning.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered moderate and core.

• American Institute of Certified Public AccountantsmoderateOthersProfessional membership organization providing standards, guidance, and peer review program affiliation for certified public accountants.
• Society of Louisiana Certified Public AccountantscoreOthersState-level professional accounting organization providing networking, education, and advocacy for Louisiana CPAs. The firm maintains active membership as part of its professional standing.
• Affordable Housing Association of Certified Public AccountantscoreOthersSpecialized professional association serving CPAs working with affordable housing developers and LIHTC transactions, aligning with the firm's multifamily housing industry focus.
• Governmental Audit Quality CentercoreOthersAICPA center dedicated to promoting quality in governmental audits, supporting the firm's commitment to Government Auditing Standards and continuing education requirements.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• LaPorte CPAs & Business Advisors: Louisiana- and Gulf South-based CPA and advisory firm with audit, tax, and outsourced accounting services to construction, healthcare, and nonprofit clients. Comparable size, geography, and service mix.
• Hannis T. Bourgeois, LLP: Louisiana-based regional CPA firm providing audit, tax, and advisory services to construction, healthcare, nonprofit, and small business clients. Direct local-market peer.
• Novogradac & Company LLP: National CPA firm specializing in affordable housing, LIHTC, HUD, and community development auditing and advisory. Most direct comparable to Maddox & Associates given shared LIHTC/HUD specialization and mid-market positioning.
• Postlethwaite & Netterville (P&N): Louisiana-headquartered regional CPA and advisory firm with audit, tax, and consulting practices across construction, healthcare, and nonprofit sectors. Direct geographic and service-line competitor.
• Carr, Riggs & Ingram (CRi): Top-25 U.S. accounting firm with a dedicated affordable housing and governmental audit practice. Competes with Maddox for LIHTC and HUD engagements while also serving construction, nonprofit, and medical verticals.

Regional players

• Wright, Moore, DeHart, Dupuis & Hutchinson, LLC: Established Baton Rouge-based CPA firm providing audit, tax, and consulting to closely held businesses, nonprofits, and governmental entities. Direct local competitor serving similar Louisiana-based clients.

Broad incumbents

• Reznick Group (FORVIS): Top-10 U.S. accounting firm (post-Reznick/ FORVIS combination) with a strong LIHTC and affordable housing practice. Competes for the same regulated engagements as Maddox but at greater scale and with broader service lines.
• Wipfli LLP: Top-20 U.S. accounting firm with construction, real estate, healthcare, and nonprofit practices. Comparable mid-market audit positioning and similar vertical mix to Maddox.
• Eide Bailly LLP: Top-25 U.S. accounting and advisory firm with affordable housing, construction, and governmental audit practices. Competes with Maddox for mid-market LIHTC and HUD engagements.
• RSM US LLP: Top-5 U.S. accounting firm serving mid-market construction, real estate, nonprofit, and healthcare clients. Indirect competitor for larger mid-market audit and advisory engagements in Maddox's verticals.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Maddox & Associates