James W Wadman

What James W Wadman does

James W Wadman, operating as Wadman CPA's, PLLC, is a privately held certified public accounting firm headquartered at 295 Main St, Ellsworth, Maine. Founded in 1991, the firm operates as a small professional services practice with 1–10 employees, including three co-owners (Kellie, Ronald, and Wanese) who acquired the business in 2024 after serving the firm since 2002. The firm delivers two core service lines: (1) Tax Preparation & Planning Services for individuals and businesses (corporations, LLCs, partnerships, sole proprietors), covering federal and state filings, year-round planning, estimated tax projections, and entity structure advisory; and (2) Municipal & School Auditing Services for towns, cities, school districts, and Regional School Units (RSUs), including financial statement audits, Single Audits for federally funded programs, compliance reviews, and internal control evaluations. Service methodology is built on standard CPA practices and government auditing standards with no proprietary technology platform, software products, or AI tools.

The firm serves clients across Hancock County and 16 surrounding Maine communities (Bar Harbor, Blue Hill, Brooklin, Brooksville, Bucksport, Castine, Eddington, Hancock, Lamoine, Mt. Desert, Orland, Southwest Harbor, Stonington, Surry, Trenton, and Winter Harbor). Its go-to-market is sales-led and relationship-driven: direct client engagement at the Ellsworth office, supplemented by community referrals and a basic website for local search visibility. Revenue is generated entirely through professional service fees on a quote-based model — pay-as-you-go for tax work and multi-year contracts for municipal and school audit engagements. There is no digital product, no marketplace presence, no disclosed pricing, and no marketing beyond referral and organic search. The firm has no subsidiaries, no parent company, no institutional investors, no M&A activity, and no patents, awards, or partnerships on record.

Name

James W Wadman

Legal name

Wadman CPA's, PLLC

Website

https://wadmancpa.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Wadman CPA's, PLLC is a small, privately held certified public accounting firm in Ellsworth, Maine, providing tax preparation and planning services to individuals and businesses alongside municipal and school district auditing across Hancock County and surrounding Maine communities.

Ownership category

akta.pro rank

Product category

Professional Accounting & Auditing Services

NAICS

Offices of Certified Public Accountants (541211), Tax Preparation Services (541213), Other Accounting Services (541219)

akta.pro primary industry

Tax Advisory & Compliance (BPAHABAB)

akta.pro secondary industry

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

Keywords

• Tax preparation services
• Tax planning services
• Municipal auditing services
• School district audits
• Small business accounting

Headquarters

HQ city

Ellsworth

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, Infrastructure

Revenue model

1. Tax Preparation & Planning Services: Professional tax preparation and planning fees for individuals and businesses including corporations, LLCs, partnerships, and sole proprietors. Revenue generated through service fees for federal and state tax return preparation, tax planning strategies, and ongoing tax advisory support.
2. Municipal & School Auditing Services: Independent auditing services for municipalities, school districts, and Regional School Units (RSUs). Includes financial statement audits, compliance reviews, internal control evaluations, and single audits for federally funded programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Wadman CPA's provides professional tax preparation and tax planning services for individuals and businesses (corporations, LLCs, partnerships, sole proprietors), along with independent auditing services for municipalities, school districts, and Regional School Units (RSUs). The firm delivers federal and state tax compliance, year-round tax strategy, financial statement audits, compliance audits for state and federal funding, and internal control evaluations. All services are delivered as fee-based professional engagements by CPA professionals.

Product overview

Wadman CPA's is a certified public accounting firm offering two core service lines: Tax Preparation & Planning Services and Municipal & School Auditing Services. Tax services include individual income tax preparation, business tax preparation for corporations, LLCs, partnerships, and sole proprietors, along with tax planning and year-round strategy. The auditing division provides independent financial statement audits for municipalities and school districts, including compliance reviews for state and federal funding requirements, internal control evaluations, and risk assessments. The firm serves clients throughout Hancock County, Maine.

Differentiator

Problem solved

Functional benefit

Products and services

• Tax Preparation & Planning Services Professional tax preparation and proactive tax planning services for individuals and businesses, including federal and state tax return preparation, tax planning strategies, estimated tax calculations, and year-round advisory support.
• Individual Income Tax Preparation Federal and Maine income tax preparation for individuals with various financial situations, including retirement income, investment gains, capital gains, dividend reporting, rental property income, and supplemental income.
• Business Tax Preparation Business tax return preparation and filing for corporations, LLCs, partnerships, and sole proprietors, including tax planning, entity structure guidance, and quarterly estimated tax calculations.
• Municipal & School Auditing Services Independent auditing services for municipalities and school districts including financial statement audits, compliance reviews, internal control evaluations, and management letters with recommendations.
• School District and RSU Audits Independent audits for school districts and Regional School Units (RSUs) ensuring accurate financial reporting and compliance with education-related funding requirements.
• Municipal Financial Statement Audits Annual municipal financial statement audits performed in accordance with applicable accounting standards and government regulations, including state law compliance and internal control evaluation.
• Compliance Audits for State and Federal Requirements Compliance audits ensuring adherence to state and federal requirements, including Single Audits for federally funded programs.

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 indicators2 records

Recent moves3 records

Broad incumbents

• Wipfli LLP: Top-25 U.S. accounting and advisory firm with a strong presence in the Northeast. Comparable because it serves similar small business, individual, and government audit clients, though at significantly larger scale than the subject firm.
• RSM US: Top-5 U.S. audit, tax, and consulting firm serving middle-market companies. Comparable as a broader incumbent offering tax preparation, business advisory, and government audits that could compete for the same Maine municipal/school district RFPs.
• BDO USA: Top-5 global accounting network with U.S. presence including New England offices. Comparable as a broader incumbent offering tax, audit, and advisory services that competes for municipal and public-sector audit contracts.
• Marcum LLP: Top-10 U.S. accounting firm with tax, audit, and advisory services. Comparable as a broader incumbent that competes for municipal and school district audit engagements and serves small to mid-sized businesses similar to Wadman CPA's clients.

Direct peers

• Baker Newman Noyes: Portland, Maine-based CPA and advisory firm with broad tax, audit, and consulting services. Comparable as a regional Maine CPA firm competing for the same small business, individual, and municipal audit engagements.
• Runyon Kersteen Ouellette (RKO): Maine-based regional CPA firm offering tax, audit, and advisory services. Comparable as a direct competitor in the same Maine market with similar service offerings across individual, business, and municipal audit clients.
• MacPage LLC: Maine-based full-service CPA firm with tax, audit, and advisory services. Comparable because it serves similar small businesses and individuals in Maine with comparable service lines, including municipal and not-for-profit audit work.
• Purdy Powers & Company: Mid-sized CPA firm serving New England clients from Maine offices. Comparable as a regional accounting firm offering tax, audit, and advisory services to individuals, businesses, and municipalities in overlapping Maine markets.
• BerryDunn: Top-100 U.S. CPA and advisory firm headquartered in Portland, Maine, with significant New England presence. Comparable because it offers tax preparation, business advisory, and notably municipal and government auditing services to similar client types in the same Maine market.
• Albin, Randall & Bennett: Portland, Maine-based CPA firm with tax, audit, and business advisory practices. Comparable as a New England CPA firm targeting similar small/medium business, individual, and municipal audit clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/james-w-wadman-cpa

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 James W Wadman