Tax & Financial Services

What Tax & Financial Services does

Tax & Financial Services, LLP is a privately-held, single-office tax and accounting professional services firm headquartered in Tulsa, Oklahoma, founded in January 2015 by Enrolled Agents James R. Adelman and Tim A. Johnston. The firm provides a comprehensive suite of traditional professional services — tax preparation and planning for individuals, businesses, and estates & trusts; IRS audit representation; bookkeeping and write-up; payroll administration; financial statement preparation; business consulting; retirement planning; sales tax services; and notary services — supplemented by advisory offerings spanning business entity selection, buying/selling a business, and management advisory work. The customer base is segmented across individual taxpayers (primary), small-to-medium businesses (primary), and estate & trust clients, with a relationship-driven, low-pressure service model and bilingual (Spanish-speaking) capability that broadens reach within the regional Oklahoma market.

The firm's underlying technology is commodity: it operates on industry-standard accounting software and tools and does not develop proprietary systems, APIs, or applications. Its product surface instead consists of client-facing resources — a suite of more than 50 financial calculators, an IRS Withholding Calculator, an ICS-based tax calendar subscription, a secure client portal, and a multi-format Client Library (articles, white papers, on-demand videos, FAQs, tax facts/history, state resources) plus a regular newsletter — used to drive top-of-funnel engagement and retention rather than as standalone revenue-generating products.

The business model is purely professional-services revenue: recurring annual engagements for tax preparation and planning, ongoing monthly bookkeeping/payroll retainers, episodic IRS representation and consulting engagements, and packaged service tiers displayed (but not price-disclosed) on the website. Distribution is direct, consultative, and relationship-led through a single Tulsa office, appointment scheduling, and the client portal; the firm reports an excellent client-retention rate and no external institutional capital. As a two-principal local partnership with no disclosed headcount, funding, or revenue, the firm operates at a small scale relative to national accounting peers, with competitive differentiation resting on the founders' credentials (NAEA past president, Founder's Award, NTPI Fellow, Beta Alpha Psi) and on accumulated client relationships rather than technology or scale advantages.

Name

Tax & Financial Services

Legal name

Tax & Financial Services, LLP

Website

https://tfs.tax

Company type

Private

Founded year

2015

Operating status

Operating

Short description

Tax & Financial Services, LLP is a Tulsa, Oklahoma-based tax and accounting firm serving individual taxpayers, small-to-medium businesses, and estate & trust clients with preparation, IRS representation, bookkeeping, payroll, and business consulting services.

Ownership category

akta.pro rank

Product category

Tax and Accounting Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Other Accounting Services (541219)

SIC

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

akta.pro primary industry

Payroll & Employment Tax Services (BPAHABAD)

akta.pro secondary industry

Indirect Tax (VAT/GST/Sales & Use) Services (BPAHABAJ)

Keywords

• Tax preparation services
• Accounting services
• Bookkeeping and payroll
• IRS representation
• Business tax consulting

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Tax Preparation & Planning Services: The firm prepares individual, business, and estate & trust tax returns. Tax preparation is a recurring annual service with high client retention, representing the core revenue stream. Services include proactive tax planning to minimize future tax liability.
2. Tax Representation Services: IRS representation services for audit support, dealing with tax matters and IRS audit procedures. This service addresses complex tax issues as they arise.
3. Bookkeeping & Payroll Services: Ongoing bookkeeping and write-up services as well as payroll management. These represent recurring service engagements.
4. Business Consulting & Advisory: Business consulting including entity selection, financial analysis, management advisory, and retirement planning services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Tax & Financial Services, LLP is a Tulsa-based accounting and tax firm that prepares individual, business, and estate & trust tax returns and provides proactive tax planning. It also delivers recurring bookkeeping, payroll, and financial statement services, IRS audit representation, business consulting (entity selection, buy/sell advisory, management advisory), retirement planning, sales tax, and notary public services to individual and small-to-medium business clients.

Product overview

Tax & Financial Services, LLP is a traditional tax and financial services firm offering a comprehensive suite of professional services. The core offering consists of tax preparation and planning services for individuals, businesses, and estates & trusts, complemented by bookkeeping/write-up services, IRS representation, payroll services, and financial statement preparation. The firm provides advisory services including business consulting, management advisory services, business entity selection, and buying/selling a business support. Additional specialized services include estate & trust tax preparation, retirement planning, sales tax services, financial analysis, accounting software selection & implementation, and notary public services. The firm also offers client-facing resource tools including a suite of financial calculators covering multiple financial categories (automobile, business, credit cards, mortgage, retirement, insurance, investment, loans, paycheck, real estate, savings, tax, young adults), an IRS withholding calculator, a tax calendar subscription with ICS feed support, and a secure client portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Preparation & Planning Core tax preparation and planning service covering personal and business tax returns, with proactive management of federal, state, and local tax obligations. Intended for individual taxpayers and small-to-medium business clients needing annual filings and year-round planning.
• Bookkeeping/Write-Up Comprehensive bookkeeping and write-up services that ensure smooth operation of business financial systems, with input and planning assistance as business needs grow. Targeted at small-to-medium business clients needing recurring financial record management.
• IRS Representation Tax representation services for IRS audits, leveraging years of experience in tax matters and audit procedures to properly represent clients facing IRS inquiries, audits, or disputes. Intended for individuals and businesses that have received IRS notices or are under examination.
• Payroll Services Payroll management services addressing federal, state, and local laws and tax regulations, with proactive alerts to material changes affecting businesses. Designed for small-to-medium business owners needing recurring payroll administration.
• Financial Statements Development and finalization of accurate and timely financial statements for management decision-making and external reporting to lenders, partners, and potential buyers. Intended for small-to-medium businesses needing periodic financial reporting.
• Business Consulting Business partnership services addressing business problems and opportunities including expansion, selling, or restructuring decisions. Targeted at owner-operated small-to-medium businesses needing strategic advisory.
• Estate & Trust Tax Preparation Estate and trust tax-related services that work alongside legal counsel to structure estates and trusts to minimize taxes and ensure smooth transition to heirs. Intended for individuals, executors, and trustees with estate and trust matters.
• Retirement Planning Retirement planning services for individual clients or business retirement plan selection, evaluating options based on financial situations and employee population characteristics. Designed for individual taxpayers planning retirement and businesses selecting retirement plans.
• Financial Analysis Financial analysis services providing numbers to support business decisions, with prospective analysis showing how situations may evolve under various scenarios. Intended for small-to-medium business owners evaluating strategic choices.
• Accounting Software Selection & Implementation Analysis of business needs and financial transactions to identify and implement appropriate accounting software solutions that can grow with the business. Targeted at small-to-medium businesses selecting or replacing accounting software.
• Business Entity Selection Advisory services for selecting business entities (LLP, LLC, sole proprietorship, partnership, corporation) based on financial and tax implications. Targeted at entrepreneurs and small business owners choosing or changing legal structure.
• Buying or Selling a Business Support services for business buy/sell decisions including valuation, vetting buyers, due diligence, negotiation strategies, and financing support. Intended for SMB owners acquiring or divesting a business.
• Management Advisory Services Services focused on improving business efficiency and effectiveness, including business planning, mergers, acquisitions, and advisory support. Targeted at small-to-medium business owners and operators.
• Sales Tax Services Sales tax management services helping clients understand and manage obligations and prepare sales tax returns efficiently. Intended for small-to-medium businesses with multi-jurisdiction sales tax obligations.
• Notary Public Notary public services for witnessing and authenticating document execution and signatures for various business matters. Available to individual and business clients needing document notarization.

Quantifiable outcome

• Excellent client retention rate
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• Intuit (QuickBooks / TurboTax): Provider of QuickBooks accounting software and TurboTax DIY tax preparation. Represents the primary substitute for both bookkeeping and basic tax preparation services, putting pricing pressure on small firms like Tax & Financial Services while also creating partnership opportunities.

Direct peers

• 1-800Accountant: Virtual accounting and tax services firm providing bookkeeping, payroll, tax preparation, and business advisory to small businesses and individuals. Comparable in service mix and SMB/individual target market, with the key difference being 1-800Accountant's virtual/remote delivery model.
• Padgett Business Services: Franchise network providing accounting, tax, payroll, and advisory services to small businesses. Closely comparable in service mix — bookkeeping, payroll, tax prep, and business advisory for SMBs — making it a near-direct structural analog despite its franchise model.

Broad incumbents

• H&R Block: National mass-market tax preparation chain offering individual and small-business tax filing. Comparable to Tax & Financial Services as both serve individuals and small businesses seeking annual tax preparation, though H&R Block operates at vastly greater scale through retail offices and DIY software.
• CBIZ, Inc. National professional services firm offering tax, accounting, advisory, and payroll services to mid-market and small businesses. Comparable across multiple service lines (tax, bookkeeping, advisory) though serving a much broader geography and larger client base.
• KPMG US: Big Four accounting firm with U.S. tax practice serving individuals, businesses, and estates/trusts. Overlaps with Tax & Financial Services across individual and business tax preparation, estate/trust tax, and advisory, though KPMG serves a higher-end client segment.
• BDO USA: Top-tier U.S. accounting and advisory firm offering tax preparation, business consulting, and financial advisory to mid-market companies and high-net-worth individuals. Overlaps with Tax & Financial Services in tax preparation, business consulting, and retirement planning offerings.
• Liberty Tax Service: National retail tax preparation franchise with seasonal offices. Comparable to Tax & Financial Services in target customer (individual and small-business filers) and core offering (annual tax return preparation).
• Marcum LLP: National accounting and advisory firm providing tax, assurance, and consulting services. Comparable in offering tax preparation, business consulting, financial statements, and advisory to small and mid-sized businesses — though at significantly larger scale.
• Jackson Hewitt Tax Services: National retail tax preparation franchise serving individual taxpayers and small businesses. Directly comparable in core tax-prep service offering, with overlap in bookkeeping/payroll add-ons, though at much larger retail scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/taxandfinancialservicesllp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Tax & Financial Services