Business Details
21 Years
experience
Trusted Accounting & Tax Services in Newport, RI
Adam Financial has been delivering comprehensive accounting and tax services since 2005, establishing itself as a trusted partner for businesses and individuals across southern New England. Founded by Jeffrey Adam, a Certified Public Accountant with over 40 years of financial expertise, our firm combines deep industry knowledge with personalized service to address complex challenges in a dynamic business environment. We specialize in tax planning, business consulting, estate planning, and client accounting services, serving diverse industries including marine, hospitality, real estate, and healthcare. Our small-firm approach allows us to maintain close relationships with clients, prioritizing regular communication and tailored solutions that align with their unique goals. With a team of experienced professionals, we offer strategic guidance on mergers and acquisitions, succession planning, and financial management, ensuring clients receive actionable insights that drive long-term success.Our commitment to innovation is reflected in our paperless systems and use of advanced technology to enhance efficiency and accuracy. We pride ourselves on acting as trusted advisors, coordinating with attorneys, banks, and investment professionals to provide holistic financial solutions. Our client-centric philosophy emphasizes transparency, reliability, and a genuine dedication to client success, supported by decades of combined experience in public accounting and corporate finance. We serve businesses operating in all 50 states and internationally through our network of partnerships, maintaining rigorous compliance standards and audit-ready financial practices. This combination of technical expertise, personalized service, and strategic thinking positions us to deliver exceptional value to clients navigating today's complex financial landscape.
Services
Tax Planning
Business Consulting
Estate Planning
Client Accounting
Fiduciary Services
Succession Planning
Mergers & Acquisitions
Strategic Planning
Financial Reporting
Bookkeeping
Details
- Year established: 2005
Highlights and features
- We offer 40+ years of CPA expertise in tax and business consulting.
- Our team provides personalized service with deep industry-specific knowledge.
- We maintain rigorous compliance standards with paperless, audit-ready systems.
- Our strategic partnerships enable comprehensive financial advisory services.
- We serve businesses operating in all 50 states and internationally.
Associations and certifications
- Certified Public Accountant
Services
Tax Planning
Our tax planning services develop personalized strategies to minimize liabilities while ensuring compliance with evolving regulations. We analyze individual and business financial situations to identify opportunities within the tax code, including retirement contributions, entity structuring, and international tax considerations. Our electronic filing system and paperless workflow enhance efficiency while maintaining strict security standards for all client documents.
Business Consulting
We provide strategic guidance on mergers and acquisitions, succession planning, and capital formation. Our consultants facilitate strategic retreats, develop business plans, and offer executive coaching to enhance organizational effectiveness. With deep industry knowledge, we help clients navigate complex transactions and implement systems for sustainable growth and operational efficiency.
Estate Planning
Our estate planning services focus on preserving assets through wills, trusts, and gifting strategies. We coordinate with legal professionals to create tax-efficient transfer plans, including lifetime gifting and succession frameworks. Our approach ensures proper executor/trustee selection and alignment with clients' long-term wealth preservation goals.
Client Accounting
We offer comprehensive accounting services from QuickBooks training to full ledger maintenance. Our team handles bill payment, financial reporting, and regulatory compliance while emphasizing accuracy and audit readiness. Services include bank reconciliations, payroll processing, and customized financial dashboards to support informed business decisions.
Fiduciary Services
We provide trustee and executor services with expertise in family business dynamics. Our fiduciary support includes asset management, estate administration, and implementation of grantor intentions. We specialize in situations requiring specialized knowledge of complex family enterprises and intergenerational wealth transfers.
People
Jeffrey C. Adam
Managing Partner
With over 40 years of financial experience, Jeff leads our tax and consulting services. Former CFO of American Biophysics Corp, he specializes in strategic growth and complex tax planning for businesses nationwide.
Joanne R. Adam
Partner
Joanne oversees client accounting services with 35+ years of experience. A former CPA, she manages tax preparation and provides QuickBooks expertise while maintaining focus on client advocacy and operational excellence.
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
Chris manages tax preparation and workflow systems. Holding insurance and investment licenses, he coordinates with local advisors to provide integrated financial solutions for business owners and individuals.
Dawn Paz
Client Accounting Manager
Dawn leads client accounting services with 18 years of public accounting experience. A certified health educator and notary, she provides financial management solutions for small to mid-sized businesses across multiple industries.
Questions
What accounting services do you offer?
We provide tax planning, business consulting, estate planning, client accounting services, and fiduciary support tailored to individual and business needs.
Do you work with out-of-state businesses?
Yes, we serve clients operating in all 50 states and internationally through our network of professional partnerships.
What industries do you specialize in?
We focus on marine, hospitality, healthcare, real estate, law firms, and manufacturing industries with specialized expertise.
How do you handle complex tax situations?
Our team uses advanced software and strategic planning to address complex tax scenarios, including multi-state taxation and international subsidiaries.
Can you assist with business succession planning?
Yes, we help family businesses and organizations develop comprehensive succession plans for ownership and management transitions.
