What Thomas and Company does

Thomas and Company, CPAs is a privately held, independent full-service accounting firm founded in 1994 and headquartered in Cordova, Tennessee, with a second office in Bartlett, TN. The firm delivers professional accounting, tax, payroll, advisory, non-profit, and QuickBooks-related services to individuals, small and mid-size businesses, non-profit organizations, and healthcare practices across the Memphis metro area. Service delivery occurs through in-person consultations at the two offices, supplemented by a secure online client portal for document exchange, bill payment, and ongoing communication; the underlying technology stack is standard accounting and tax preparation software (with QuickBooks certified expertise) rather than proprietary or AI-powered platforms.

The firm's revenue model is built on four professional services streams — ongoing accounting/bookkeeping, tax preparation and planning (including IRS audit representation), payroll processing (with three service tiers), and advisory (business formation, valuation, internal controls, CFO consulting, and attest services) — all billed on a quote-based, engagement-by-engagement basis with free initial consultations. Pricing is not publicly disclosed and varies with service complexity, business size, and client needs; the firm has no PE/VC backing, no parent company, and reports no subsidiaries or M&A activity.

Acquisition is relationship-led, driven by community referrals, a 30+ year local reputation, and a content marketing engine comprising an extensive blog of 500+ articles, an email newsletter, free downloadable resources (tax worksheets, donation value guide), and online financial calculators. The customer base is broadly distributed across 17+ SMB verticals including healthcare practices, retail, restaurants, contractors, franchises, eCommerce, churches, and wholesale/distribution businesses, with no large enterprise anchors disclosed. Ownership structure and management team are not publicly disclosed, and no AI, patents, partnerships, certifications, or third-party awards are documented in the available data.

Name

Thomas and Company

Legal name

Thomas and Company CPAs

Website

https://kthomascpa.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Thomas and Company, CPAs is a privately held, independent full-service accounting firm founded in 1994, serving individuals, SMBs, non-profits, and healthcare practices in the Memphis, Tennessee metro area from offices in Cordova and Bartlett with accounting, tax, payroll, advisory, and QuickBooks services.

Ownership category

akta.pro rank

Headquarters

HQ city

Cordova

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Accounting Services: Fee-based professional services for accounting, bookkeeping, bank reconciliation, and financial statement preparation. Services provided on an ongoing basis with periodic billing.
2. Tax Preparation and Planning: Tax preparation and planning services for individuals and businesses, including IRS audit representation and tax problem resolution.
3. Payroll Processing Services: Three payroll service options including comprehensive processing, after-the-fact payroll, and online payroll processing. Additional ad hoc services available.
4. Advisory Services: New business formation, business valuation, internal controls, CFO consulting, and attest services. Strategic business planning and personal financial planning services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Thomas and Company, CPAs is a full-service accounting firm that delivers fee-based professional services including small business accounting (bookkeeping, bank reconciliation, financial statement preparation), payroll processing, tax preparation and planning with IRS audit representation, non-profit accounting, QuickBooks setup/training, and advisory services (business formation, valuation, internal controls, CFO consulting). All services are delivered by CPA professionals through direct client engagements at the firm's Cordova and Bartlett, TN offices and via a secure online client portal.

Product overview

Thomas and Company, CPAs is a full-service accounting firm offering a unified portfolio of professional services rather than a software product platform. The core offerings include Small Business Accounting (bookkeeping, bank reconciliation, financial statement preparation, and QuickBooks services), Payroll Services, Tax Services (preparation, planning, and audit representation), Non-Profit Organization services, and Advisory Services (new business formation, business valuation, internal controls, and CFO consulting). The QuickBooks Services module represents their specialized support for businesses using Intuit's accounting platform. All services are delivered through experienced CPA professionals without any software-as-a-product or AI-powered technology components.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Business Accounting Comprehensive accounting services including bookkeeping, bank reconciliation, financial statement preparation, and QuickBooks services for small businesses.
• Payroll Services Outsourced payroll processing including vacation, sick, and personal day accruals, tax reporting, EFTPS deposits, and W-2, W-3, and 1099 preparation, with ad hoc services available.
• Tax Services Tax preparation, tax planning, IRS audit representation, and resolution of tax problems including offers in compromise and payment plans for individuals and businesses.
• Non-Profit Accounting Services Specialized accounting services for non-profits including asset classification tracking, fund accounting, donation management, grant reporting, registration for tax-exempt status, and annual filing.
• Advisory Services Business advisory including new business formation, business valuation, internal controls, CFO consulting services, strategic business planning, software hosting, attest services, reviews, compilations, and personal financial planning.
• QuickBooks Services QuickBooks setup, training, tune-up, and technical support services to help businesses implement and optimize their QuickBooks accounting software.

Named customers17 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Emerging players

• Bench: Tech-enabled monthly bookkeeping service for small businesses pairing software with a dedicated bookkeeper. Direct overlap in SMB bookkeeping and financial statement preparation; competing via standardized monthly subscription vs. traditional project-based CPA engagement.
• Pilot: Tech-enabled bookkeeping, tax, and CFO services for SMBs and startups delivered via software plus dedicated accountants. Comparable as it targets the same SMB segment with overlapping bookkeeping and tax services, but competes on a hybrid tech-plus-human model rather than a traditional CPA firm structure.
• Xendoo: Cloud-based accounting and tax service for SMBs delivered through a flat monthly subscription model. Comparable as a direct SMB-bookkeeping-and-tax competitor leveraging software-enabled delivery against traditional CPA-firm engagements.
• Botkeeper: AI-assisted bookkeeping and accounting service for SMBs combining machine learning with accountant review. Overlap in bookkeeping, bank reconciliation, and financial statement preparation services; a productized competitor substituting for traditional CPA delivery.

Direct peers

• 1-800Accountant: National virtual CPA and bookkeeping firm serving SMBs and individuals with tax, bookkeeping, and advisory services. Comparable as a directly competing full-service accounting provider targeting the same small-business and individual customer base, scaled through a delivery model rather than physical offices.
• Padgett Business Services: Franchise network of small-business accounting and tax offices serving SMBs across the U.S. with bookkeeping, payroll, and tax services. Closely comparable business model: local CPA-style offices selling the same portfolio of bookkeeping, payroll, tax preparation, and advisory services to SMB clients.

Broad incumbents

• CBIZ: National provider of accounting, tax, advisory, benefits, and insurance services to SMB and middle-market clients. Overlaps with the firm's SMB-focused tax, payroll, and advisory portfolio as a consolidated full-service financial services platform, frequently cited as a roll-up acquirer in this segment.
• RSM US: Large U.S. audit, tax, and consulting firm focused on middle-market businesses. Provides overlapping tax, accounting, and advisory capabilities, and represents the broad-incumbent end of consolidation that may target firms like Thomas and Company as tuck-ins.
• CLA (CliftonLarsonAllen): Top-10 U.S. accounting firm providing tax, audit, advisory, and wealth management to a broad SMB and middle-market client base. Comparable service portfolio (tax, advisory, payroll-adjacent services) to a national client mix including small businesses; serves as a benchmark for what scale-up looks like in this space.

Others

• Intuit QuickBooks Live: Intuit's bundled bookkeeping service pairing QuickBooks software with on-demand bookkeepers for SMBs. Adjacent competitor because the firm is a QuickBooks-certified advisor; Intuit's own service competes for the same SMB bookkeeping wallet.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/k-thomas-co

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 Thomas and Company