Thomas Davis & Co

What Thomas Davis & Co does

Thomas Davis & Co is a privately held, independent Sydney-based accounting firm established in 1894, making it one of the oldest continuously operating accounting firms in Australia. The firm provides a complete suite of public accounting, taxation, superannuation, and audit services to individuals, partnerships, trusts, companies, and not-for-profit organisations from a single office at Level 13, 56 Pitt Street in Sydney's CBD. Its service portfolio spans core offerings (taxation, bookkeeping and accounting, GST management, business start-up advisory, and company secretarial services), statutory audit and assurance (public companies, large proprietary companies, superannuation funds, solicitor and real estate trust accounts, schools and not-for-profits), and specialist services (SMSF, trusts, estate and succession planning, and ancillary funds). Two wholly owned subsidiaries extend the offering: Thomas Davis Financial Services Pty Ltd (AFSL 244130) delivers licensed financial planning and investment portfolio management, and T.D. Nominees Pty Ltd provides trustee and trust administration services.

The firm operates on a partner-led, engagement-based professional services model with no proprietary technology platform and no disclosed pricing schedule; fees are quoted per engagement and revenue is derived entirely from professional service billings to clients. Go-to-market is sales-led, relying on direct partner relationships, the firm's multi-generational reputation, professional referrals, and inbound enquiries via the website, supported by an email newsletter (Accounting News) and a resource centre with tax calculators and archived client alerts. Since 1990, the firm has been the exclusive accounting member of MSI Global Alliance in Sydney, giving it cross-border access through 250+ member firms across 105 countries, though its actual operating footprint is domestic Australia.

Current leadership comprises Managing Partner Stuart Wagschall (admitted 1992, 30+ years' experience) and Partner Jeff Ryan (admitted 2005, 30+ years' experience, with the firm since 1986), supported by retired partners Ron Geeves and Peter Whiteman who continue as consultants with 50+ years' experience each. The firm is affiliated with Chartered Accountants Australia and New Zealand and The Tax Institute, holds no patents or proprietary IP, has not raised external funding, and shows no evidence of M&A, expansion, or technology-driven transformation in the input data.

Name

Thomas Davis & Co

Legal name

Thomas Davis & Co

Website

https://thomasdavis.com.au

Company type

Private

Founded year

1894

Operating status

Operating

Headcount range

11–50 employees

Short description

Thomas Davis & Co is a privately held Sydney accounting firm, established 1894, providing taxation, superannuation, audit, and advisory services to individuals, SMEs, trusts, SMSFs, and not-for-profits, with cross-border reach via MSI Global Alliance and financial planning through a wholly owned AFSL subsidiary.

Ownership category

akta.pro rank

Product category

Accounting & Auditing Services

NAICS

Offices of Certified Public Accountants (541211), Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (525920)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282)

akta.pro primary industry

Trust & Estate Tax Planning & Compliance (FSAEAKAE)

akta.pro secondary industries

Personal & Family Trust Services (FSAAANAA), Estate & Probate Administration Services (FSAEAKAD), Estate, Gift & Trust Valuation (BPAHANAL), Estate Administration & Probate Services (FSAAANAE)

Keywords

• Accounting services
• Taxation services
• Audit assurance
• Superannuation advice
• Business advisory

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Professional Accounting Services: The firm generates revenue by providing a comprehensive suite of professional accounting, taxation, superannuation, and audit services to individuals, partnerships, trusts, and companies. Fees are charged for professional advice, preparation of accounts, tax returns, audit engagements, and ongoing advisory services. Revenue is primarily from service fees billed to clients on an engagement basis.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Thomas Davis & Co is a Sydney-based professional accounting firm providing a complete suite of public accounting, taxation, superannuation, and audit services to individuals, partnerships, trusts, and companies. The firm delivers partner-led engagement-based services including tax preparation, bookkeeping, statutory audits, superannuation (SMSF) administration, trust and estate planning, company secretarial, and financial planning through a related AFSL-licensed entity. All services are delivered through traditional professional service delivery by qualified Chartered Accountants and Tax Advisors.

Product overview

Thomas Davis & Co is a Sydney-based accounting firm offering a comprehensive suite of professional accounting and advisory services. The firm operates as a single-service practice (not a software platform) providing core accounting services including Taxation, Bookkeeping/Accounting, Business Start-up, GST Management, and Company Secretarial services. The firm also provides Audit & Assurance for statutory audits, and Specialist Services including Superannuation, Trusts, Estate Planning, Succession Planning, and Financial Planning through its related entity Thomas Davis Financial Services Pty Ltd. All services are delivered through traditional professional service delivery rather than a software product architecture.

Differentiator

Problem solved

Functional benefit

Brands

• Thomas Davis Financial Services: Financial planning and advice services provided through Thomas Davis Financial Services Pty Ltd (AFSL 244130)

Products and services

• Taxation Services

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and supporting.

• MSI Global AlliancecoreStrategic or Co-development Partner · 1 January 1990In 1990, Thomas Davis & Co joined MSI Global Alliance in response to the growing need to offer clients cross-border solutions. MSI has grown to be one of the world's leading International Associations of Independent Professional firms, with over 250 member firms in 105 countries. MSI brings together business and advisory skills of both legal and accounting firms. Thomas Davis & Co is the exclusive accounting member of MSI Global Alliance in Sydney and one of 14 independent legal and accounting firms within the MSI Australia and New Zealand region.
• Thomas Davis Financial Services Pty LtdcoreStrategic or Co-development PartnerThrough Thomas Davis Financial Services Pty Ltd (AFSL 244130), the firm provides independent financial advice and planning services, including initial financial advice, implementation, and ongoing investment portfolio management. Stuart Wagschall serves as Authorised Representative and CEO of this entity.
• T.D. Nominees Pty LtdsupportingStrategic or Co-development PartnerT.D. Nominees Pty Ltd is a related trustee company that provides trustee services for trust administration, including asset management, investment monitoring, and income distribution as part of the firm's trust services offering.
• Chartered Accountants Australia and New Zealand (CA ANZ)supportingOthersThe firm and its partners are members of Chartered Accountants Australia and New Zealand. Partners Stuart Wagschall and Jeff Ryan hold Fellow and Member memberships respectively. CA ANZ is displayed as a logo on the firm's website, indicating professional affiliation.
• The Tax InstitutesupportingOthersThe firm is affiliated with The Tax Institute, displayed as a logo on the website. Stuart Wagschall holds the Chartered Tax Advisor (CTA) designation. This professional affiliation supports the firm's taxation practice.

Scale indicators2 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• HLB Mann Judd: Australian mid-tier accounting network member of HLB International, offering tax, audit, business advisory and SMSF services to SMEs — comparable structure and offerings.
• Grant Thornton Australia: Australian member of Grant Thornton International, serving mid-market and SME clients with audit, tax and advisory — comparable scale and service breadth.
• Nexia Australia: Australian member of Nexia International, providing audit, tax and advisory to SMEs and HNW clients — directly comparable mid-tier international-affiliated model.
• William Buck: Australian mid-tier accounting and advisory firm providing tax, audit, advisory and wealth services to SMEs and HNW clients — closely comparable in target segments and service mix.
• RSM Australia: Mid-tier Australian accounting firm within the RSM global network offering audit, tax and consulting to middle-market clients — comparable in scale, target market and international affiliation.
• Moore Australia: Mid-tier Australian accounting firm affiliated with Moore Global Network, providing assurance, tax and advisory services — comparable international alliance structure (similar to Thomas Davis & Co's MSI membership) and SME focus.
• Crowe Australasia: Australasian arm of Crowe Global, providing audit, tax, advisory and risk services to mid-market clients — closely comparable service mix and SME/HNW target segments.
• Pitcher Partners: Australian mid-tier accounting, audit and advisory firm with multi-state offices offering tax, business services, superannuation and audit — directly comparable service stack to Thomas Davis & Co at slightly larger scale.

Broad incumbents

• BDO Australia: Australian member of the BDO global accounting network, providing a full suite of audit, tax and advisory services — larger and broader incumbent with overlapping capabilities but at greater scale than Thomas Davis & Co.
• KPMG Australia: Big-4 accounting firm with full-service audit, tax and advisory practices across Australia — broad incumbent with overlapping tax, audit and advisory capabilities, but materially larger and serving enterprise segments Thomas Davis & Co does not target.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 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 Thomas Davis & Co