Business Details
21 Years
experience
Expert Accounting & Tax Services in Newport, RI
Adam Financial, LLP is a full-service public accounting firm established in Newport, Rhode Island in 2005. Our firm is led by Jeffrey Adam, a Certified Public Accountant with over 40 years of financial and operational experience, who previously served as CFO of a company that grew 26,000% during his tenure. We specialize in delivering timely, cost-effective, and innovative solutions tailored to the evolving needs of businesses and individuals across southern New England. Our expertise spans tax planning and preparation, business consulting, estate planning, fiduciary services, and client accounting support. As a small firm, we maintain close personal relationships with clients, prioritizing regular communication and availability to address critical issues as they arise. Our team possesses the skills and sophistication to meet diverse tax, accounting, and bookkeeping needs while leveraging state-of-the-art technology for efficiency.We serve industries including marine, hospitality, law firms, real estate, physicians, manufacturers, and small businesses. Our approach emphasizes strategic planning, succession management, and coordination with external professionals like attorneys and investment advisors to provide comprehensive financial solutions. We are committed to genuine care for our clients' success and maintain a paperless system to enhance accuracy and reduce environmental impact. Our track record includes facilitating strategic retreats, guiding mergers and acquisitions, and developing tax-efficient estate plans that preserve client assets.
Services
Tax Preparation
Business Consulting
Estate Planning
Client Accounting
Strategic Planning
Mergers & Acquisitions
Fiduciary Services
Financial Statements
Tax Planning
Succession Planning
Details
- Year established: 2005
Highlights and features
- We offer 40+ years of financial expertise from a former CFO of a top Inc. 500 company.
- Our team provides personalized service with a focus on strategic tax planning and compliance.
- We serve diverse industries including marine, hospitality, and healthcare with specialized knowledge.
- Our paperless system enhances efficiency while reducing environmental impact.
- We coordinate with attorneys, banks, and advisors to deliver comprehensive financial solutions.
Associations and certifications
- Certified Public Accountant
Services
Tax Preparation
Our tax preparation services ensure compliance while optimizing opportunities within the tax code. We handle individual, business, trust, and international tax returns with electronic filing and extension management. Our expertise reduces audit risk through accurate, reconciled records.
Business Consulting
We provide strategic guidance for business growth, including mergers & acquisitions, succession planning, and profitability enhancement. Our team facilitates strategic retreats and executive coaching to align organizational goals with operational execution.
Estate Planning
Our estate planning services focus on tax-efficient asset preservation for heirs. We develop customized plans using wills, trusts, and gifting strategies while advising on executor/trustee selection to ensure proper implementation of client wishes.
Client Accounting
We offer full accounting services including QuickBooks management, financial reporting, and bill payment. Our team maintains accurate general ledgers to support tax preparation and business decision-making while providing training for client self-sufficiency.
Strategic Planning
Our strategic planning services include business valuations, capital formation, and operational restructuring. We help clients create actionable roadmaps through SWOT analysis, goal setting, and implementation monitoring for long-term success.
People
Jeffrey C. Adam
Managing Partner
With 40+ years of experience, Jeff founded Adam Financial in 2005 after serving as CFO of a company that grew 26,000%. He specializes in tax planning and business strategy for clients across 50 states and internationally.
Joanne R. Adam
Partner
Joanne leads client accounting services with 35+ years of experience. A former CPA, she provides QuickBooks expertise and supports tax operations while maintaining a focus on client advocacy and detail-oriented service.
Johnna Coletti
Tax Supervisor
Johnna specializes in tax preparation and client accounting. With hospitality industry experience and a VITA/TCE certification, she supports clients from Newport while managing seasonal workflow demands.
Christopher Adam
Tax Supervisor
Christopher handles tax preparation and firm workflow management. He holds a life insurance license and Series 65 investment exam certification, coordinating with advisors to meet client investment needs.
Dawn Paz
Client Accounting Manager
Dawn leads client accounting services with 18+ years in public accounting. She specializes in financial management for small to mid-sized businesses and holds a notary commission and health education certification.
Questions
What accounting services do you offer for small businesses?
We provide tax preparation, financial statements, bookkeeping, payroll processing, and strategic planning tailored to small businesses' needs.
Do you handle international tax matters?
Yes, we work with clients having foreign subsidiaries across 50 states and internationally since 2005.
Can you assist with business succession planning?
We specialize in creating succession plans for business ownership and management transitions, including family businesses.
What technology do you use for accounting services?
We utilize a paperless system with state-of-the-art software for tax workpapers and electronic filing platforms.
Do you provide financial statement audits?
We don't perform audits but can refer clients to high-quality firms while offering compilation and review services.
How do you support clients with estate planning?
We develop tax-efficient estate plans using trusts, wills, and gifting strategies while advising on executor/trustee selection.
