RH CPAs

What RH CPAs does

RH CPAs, PLLC is a North Carolina-based privately held professional services firm founded in 2004 that delivers accounting, tax, audit, and advisory services to a specialized set of verticals, with the strongest commercial positioning in captive insurance. The firm operates from three North Carolina offices (Lexington headquarters, Charlotte, Greensboro) and an operations office in Karachi, Pakistan, employing over 50 named professionals including Managing Directors across tax, audit, bookkeeping, firm operations, finance, and marketing and sales. Service breadth spans traditional audit and attest, year-round tax planning and preparation, outsourced accounting delivered in three fixed monthly tiers (Basic, Standard, Complete), payroll, employee benefit plan audits, and specialized practices for nonprofits, governmental entities, manufacturing, service-based businesses, affordable housing, and insurance (including captive insurers, life insurers, P&C, mutuals, and risk retention groups).

The firm runs on a standard accounting technology stack—CCH Wolters Kluwer for tax and document management, Bill.com for client payments, and QuickBooks Online for bookkeeping—connected through a Client Center portal; there is no proprietary platform, no public API, and no disclosed AI/ML capability. Its revenue model combines engagement-based professional services (quote-driven audit, tax, and advisory work, including specialized captive insurance engagements covering STAT, GAAP, and IFRS reporting and 831(b) elections) with subscription-style managed services through the Outsourced Accounting tiers. The firm is differentiated less by technology than by domain specialization and reputation: it has won Captive Review's Audit & Accountancy Services Provider of the Year for five consecutive years (2022–2026), holds memberships across major captive insurance, government finance, nonprofit, and fraud examination associations, and embeds leadership governance in the Nevada Captive Insurance Council and North Carolina Captive Insurance Association.

Name

RH CPAs

Legal name

RH CPAs, PLLC

Website

https://rh-accounting.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

RH CPAs is a privately held North Carolina-based CPA firm (founded 2004, ~50+ staff across three NC offices and Karachi) delivering audit, tax, outsourced accounting, and advisory services with a leading specialty in captive insurance, supported by diversified practices in nonprofits, government, manufacturing, and affordable housing.

Ownership category

akta.pro rank

Headquarters

HQ city

Lexington

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Audit and Attest Services: Comprehensive audit, attest, and assurance services including financial statement audits, reviews, and compilations for various entity types including nonprofits, government entities, manufacturers, insurance companies, and employee benefit plans.
2. Tax Services: Tax return preparation and planning services for individuals, businesses, and organizations. Includes year-round tax advisory and strategic tax planning to minimize tax burden.
3. Outsourced Accounting / Bookkeeping: Full-service outsourced accounting including daily transaction classification, payroll processing, bill payment, invoicing, and financial reporting. Offered in tiered packages (Basic, Standard, Complete) at fixed monthly fees.
4. Payroll Services: Complete payroll processing including scheduled payrolls, employee setup, salary changes, payroll filings, W-2 and 1099 processing, and time tracking.
5. Captive Insurance Services: Specialized services for captive insurance companies including financial statement audits, insurance tax compliance and planning, regulatory compliance, reinsurance contract analysis, and program review.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels10 records

Core offering

RH CPAs is a multi-office professional services firm delivering accounting, tax, audit, and advisory services to organizations across specialized verticals, with a flagship Outsourced Accounting offering sold in three fixed monthly tiers (Basic, Standard, Complete). The firm has a particularly strong focus on captive insurance accounting, alongside practices serving nonprofits, government entities, manufacturing, affordable housing, employee benefit plans, and service-based businesses, supported by digital client portals and a Client Center integrated with CCH Wolters Kluwer, Bill.com, and QuickBooks Online.

Product overview

RH CPAs is a multi-office professional services firm offering a bundled portfolio of accounting, tax, and advisory services. The core offering centers on Outsourced Accounting (delivered in three fixed-fee tiers: Basic, Standard, and Complete), supplemented by Audit & Attest Services and Tax Services. Additional specialized services include Captive Insurance, Insurance Services, Affordable Housing, Employee Benefit Plans, Manufacturing, Governmental Entities, and Nonprofit services. The firm also provides client-facing online tools including a Refund Tracker and a Client Center Portal linking to third-party accounting and payment platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit and Attest Services A broad portfolio of audit, attest, and accounting services including financial statement audits, reviews, compilations, forensic accounting, fraud examination, and assurance services delivered through tailored risk-based engagements for organizations in regulated and complex verticals.
• Tax Services Tax planning and preparation services for individuals, businesses, and organizations, with year-round advisory, digital document handling, and customized strategies to minimize tax burden, including insurance-specific tax compliance.
• Outsourced Accounting Full back-office accounting outsourced to RH CPAs via a secure online platform with real-time data access. Offered in three fixed-monthly-fee tiers (Basic, Standard, Complete) covering bank reconciliation, financial statements, tax planning, payroll, bill payment, invoicing, and 1099 processing.
• Captive Insurance Services Specialized services for captive insurance companies including financial statement audits, reinsurance training, insurance tax compliance and planning, internal controls review, regulatory compliance, reinsurance contract analysis, and program review. Includes expertise in 831(b) election captives.
• Insurance Services Insurance accounting services for captive insurance companies, life insurers, P&C companies (including mutuals and risk retention groups), covering analysis, tax planning, consulting, and audit services under STAT, GAAP, and IFRS frameworks.
• Affordable Housing Services Services for HUD, USDA-Rural Development, public housing authorities, and state housing finance agencies, including financial statement audits, cost certifications, tax credit computation, compliance testing, and general/limited partnership tax return preparation.
• Employee Benefit Plan Audits Specialized benefit plan audits for single-employer and multi-employer plans, with focus on investment, management, participant administration, and disclosures, supported by AICPA Employee Benefit Plan Audit Quality Center membership.
• Manufacturing Accounting Services Accounting and advisory services tailored for manufacturers, addressing innovation, global disruption, supply chain logistics, and digital investment challenges.
• Governmental Entities Services Financial statement audits, single audits (Circular A-133), financial statement preparation, agreed-upon procedures, internal control evaluation, risk assessment, and NCAA compliance for government entities including school boards, community colleges, towns, and fire departments.
• Nonprofit Services Audit, accounting, and consulting services for nonprofits including financial statement audits, internal control evaluations, budgeting and cash flow analysis, and risk assessments. Concentrated in charter schools, private schools, foundations, HUD properties, country clubs, and civic organizations.
• Payroll Services Complete payroll processing including scheduled payrolls, employee setup, salary changes, payroll filings, W-2 and 1099 processing, and time tracking for client organizations.
• Bookkeeping Services Daily transaction classification, expense tracking, bill processing, payroll processing, invoicing, business tax planning, and financial reporting as part of the Outsourced Accounting tiers.

Quantifiable outcome

• 5 consecutive years winning Audit & Accountancy Services Provider of the Year at Captive Review Awards USA (2022-2026)
• +2 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Western Region Captive Insurance Conference (WRCIC)coreOthers · 22 April 2026Premier gathering for captive insurance industry in Western United States. Collaborative effort by captive associations of Missouri, Nevada, Oklahoma, and Utah. Leon Rives II moderated fireside chat and served as panelist at 2026 conference.
• AICPA (American Institute of Certified Public Accountants)minorOthersProfessional membership organization. RH CPAs displays the AICPA logo indicating firm membership and adherence to professional standards.
• North Carolina Society of CPAsminorOthersState professional association for CPAs in North Carolina. RH CPAs maintains membership indicating local professional engagement.
• Association of Certified Fraud Examiners (ACFE)minorOthersProfessional organization for fraud examiners. Membership supports the firm's forensic accounting and fraud examination services.
• Captive Insurance Companies Association (CICA)coreOthersLeading captive insurance industry association. RH CPAs actively participates in CICA conferences and events. CEO Leon Rives II speaks at industry events.
• National Risk Retention Association (NRRA)minorOthersAssociation focused on risk retention groups and captive insurance. Membership indicates specialization in this sector.
• Montana Captive Insurance Association (MCIA)minorOthersState captive insurance association providing networking and education for captive insurance professionals.
• North Carolina Government Finance Officers Association (NCGFOA)coreOthersProfessional association for government finance officers in North Carolina. RH CPAs is an associate member and staff regularly attend NCGFOA conferences and continuing education.
• Delaware Captive Insurance Association (DCIA)minorOthersAssociation serving the Delaware captive insurance market. Membership supports firm operations in key captive domicile.
• Tennessee Captive Insurance Association (TCIA)minorOthersState captive insurance association. Firm participates in TCIA annual conferences.
• North Carolina Center for NonprofitscoreOthersState association for nonprofits. RH CPAs serves as a partner (not vendor) with nonprofits, assisting in their ongoing missions and success.
• North Carolina Captive Insurance Association (NCCIA)coreOthersState captive insurance association. Diana Hardy previously chaired NCCIA. Firm participates actively in NCCIA conferences and events.
• Association of Chartered Certified Accountants (ACCA)minorOthersGlobal professional accounting body. Several RH CPAs team members including Wajahat Mirza and Mufaddal Yousuf are affiliates of ACCA.
• AICPA Employee Benefit Plan Audit Quality CentercoreOthersQuality center for employee benefit plan auditors. Firm membership demonstrates commitment to high-quality plan audits and keeps firm current on regulatory changes.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Marks Paneth: Mid-Atlantic–based CPA and advisory firm with audit, tax, and outsourced accounting services for nonprofits, government, and closely held businesses. Same professional services model as RH CPAs, with a different geographic footprint.

Broad incumbents

• FORVIS: Top-10 US accounting and advisory firm formed from the merger of Dixon Hughes Goodman and BKD; serves captives, insurance, nonprofit, government, and EBP clients across the country. Wider portfolio than RH CPAs, but directly competitive in the captive insurance and SMB advisory space.
• BDO USA: Top-10 US accounting firm with a dedicated insurance industry group serving captives, mutuals, and risk retention groups. Broader portfolio than RH CPAs and a credible substitute for enterprise captive clients.
• RSM US: Top-5 US accounting and advisory firm with a national insurance practice serving captive insurers and traditional carriers. Larger and broader than RH CPAs, but competes directly in insurance audit and advisory.

Direct peers

• Eide Bailly: Top-25 US accounting firm with a dedicated insurance practice including captive insurance audit and tax services. Comparable multi-office, multi-vertical CPA with nonprofit, government, and audit capabilities similar to RH CPAs.
• Cherry Bekaert: Top-30 US accounting firm with strong insurance, government, nonprofit, and affordable housing practices. Operates a similar full-service audit/tax/advisory model to RH CPAs with overlapping industry vertical focus.
• Baker Newman Noyes: Mid-sized regional CPA and advisory firm with insurance, nonprofit, and government industry groups. Matches RH CPAs' mid-sized, multi-vertical professional services positioning and East Coast presence.
• WithumSmith+Brown: Mid-Atlantic and national CPA and advisory firm with a recognized captive insurance practice serving 831(b) captives, group captives, and risk retention groups. Closely overlapping with RH CPAs in client type, service lines, and industry specialization.
• Postlethwaite & Netterville: Regional CPA and advisory firm with a recognized insurance industry practice and overlapping nonprofit, government, and manufacturing verticals. Comparable mid-sized, multi-vertical firm to RH CPAs.
• Johnson Lambert & Co. Specialty accounting and audit firm focused on the insurance industry, including captive insurers, mutuals, risk retention groups, and reinsurers. Direct competitor to RH CPAs' flagship captive insurance practice with comparable service mix (audit, tax, regulatory).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCZSixCY0zHhZs7GZkSrEGfg
• Facebookfacebook.com/RHCPAsPLLC
• LinkedInlinkedin.com/company/rh-cpas-pllc
• Xx.com/rh_cpas

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 RH CPAs