Business Details
50+ Years
experience
Trusted Accounting & Tax Services in Bethesda, MD
Councilor, Buchanan & Mitchell (CBM) has been a trusted name in accounting, tax, and advisory services since 1921. Founded in Washington, DC, and now operating from Bethesda, Maryland, and Washington, DC, our firm serves clients across the Mid-Atlantic region and nationally. We specialize in audit and assurance, tax planning, financial advisory, and wealth management for not-for-profits, automotive dealerships, professional services firms, and closely held businesses.Our team of certified professionals brings decades of combined experience, emphasizing technical excellence, client-centric service, and industry-specific expertise. Recognized for innovation and integrity, we are committed to helping clients navigate complex financial landscapes while fostering long-term relationships built on trust and transparency.
Services
Audit and Assurance
Tax Planning
Estate Planning
Wealth Management
Not-for-Profit Accounting
Business Valuations
SOC Audits
IRS Audit Representation
Financial Advisory
Divorce Financial Services
Details
- Year established: 1921
Highlights and features
- We offer over 100 years of experience in accounting and advisory services.
- Our team specializes in audit, tax, and financial planning for niche industries.
- We provide personalized service with a focus on long-term client relationships.
- Recognized as one of the best accounting firms for women by the Accounting MOVE Project.
- We combine technical expertise with innovative solutions for complex financial challenges.
What people say
Outstanding professionalism
Deep tax expertise
Trusted advisors
Personalized service
Industry-leading knowledge
Services
Audit and Assurance
CBM provides comprehensive audit and assurance services, including financial statement audits, single audits under Uniform Guidance, and employee benefit plan audits. Our team ensures compliance with federal regulations and industry standards while delivering actionable insights to enhance organizational transparency and trust. Clients benefit from our expertise in navigating complex financial reporting requirements.
Tax Planning
Our tax planning services focus on minimizing liabilities and maximizing after-tax wealth for individuals and businesses. We specialize in corporate tax compliance, not-for-profit taxation, and international tax regulations. With continuous training on evolving tax laws, we help clients achieve long-term financial goals through strategic, compliant solutions tailored to their unique needs.
Estate Planning
CBM offers estate planning services to preserve and transfer wealth efficiently. We assist with federal and state estate tax compliance, fiduciary income tax returns, and valuation of estate assets. Our professionals collaborate with attorneys and trustees to ensure seamless administration of estates and trusts, addressing complex tax implications and legal requirements.
Wealth Management
Through our subsidiary May Barnhard Investments, we provide fee-only wealth management services. Our holistic approach integrates tax planning, financial advisory, and investment strategies to help high-net-worth individuals and families achieve their financial objectives. Services include retirement planning, charitable giving, and generational wealth transfer.
SOC Audits
CBM conducts System and Organization Control (SOC) audits to validate the reliability of service organizations. Our SOC 1 and SOC 2 audits assess controls relevant to financial reporting, data security, and operational integrity. These audits enhance client trust by demonstrating compliance with industry standards and regulatory requirements.
Questions
What services does Councilor, Buchanan & Mitchell offer?
CBM provides audit, tax planning, financial advisory, wealth management, and SOC audit services for businesses and individuals, with specialized expertise in not-for-profits, automotive dealerships, and professional services firms.
How long has CBM been in business?
Councilor, Buchanan & Mitchell has served clients since 1921, offering over 100 years of experience in accounting, tax, and advisory services.
What industries does CBM specialize in?
CBM specializes in serving not-for-profits, automotive dealerships, professional services firms, construction and real estate groups, and closely held businesses.
Does CBM offer wealth management services?
Yes, through its subsidiary May Barnhard Investments, CBM provides fee-only wealth management services, including financial planning and investment advisory.
Where is CBM located?
CBM is headquartered in Bethesda, Maryland, with a meeting space in Washington, DC, serving clients nationally.
Videos
