Coombs CPA PC CEO Expands Firm's Reach, Supports Underserved Communities

Coombs CPA PC's CEO and managing partner, [John Coombs]( https://www.njbiz.com/article/20230607/NJBIZ01/320069981/nj-power-list-number-4-accounting ) has witnessed remarkable growth since launching the firm in 2018. From fewer than 10 clients to over 1,000 by the beginning of 2024, the Newark-based firm has expanded its services and footprint. This includes the purchase of two buildings in the city, cementing Coombs' commitment to the community. His efforts extend beyond business, as he advocates for financial literacy and provides scholarships to students.

Key Takeaways:

• Coombs CPA PC has grown exponentially from 2018 to 2024, with the number of clients increasing from fewer than 10 to over 1,000.
• The firm has expanded its services beyond tax services, audits, bookkeeping, CFO outsource, payroll, and consulting services.
• Coombs has established a three-year, $30,000 scholarship at Loyola University for accounting majors who struggle to pay tuition.
• He has purchased two buildings in Newark, expanding the firm's footprint in the city and creating job opportunities.
• Coombs' advocacy activities include membership in the National Association of Black Accountants, the AICPA, and the Urban League of Essex County.
• He plans to open a Washington, D.C. office, further expanding the firm's reach.

Statistics:

• 2024: Coombs CPA PC had over 1,000 clients.
• 2018: The firm started with fewer than 10 clients.
• $30,000: The value of the three-year scholarship established by Coombs at Loyola University.
• 3 years: The duration of the scholarship.
• 2 buildings: The number of developments purchased by Coombs CPA PC in Newark.

Sources:

• NJBIZ Staff (2023) - "NJ Power List Number 4: Accounting" (referenced as [1])
• NJBIZ (2024) - Coombs quoted on plans for a Washington, D.C. office for Coombs CPA PC (referenced as [2])
• Loyola University (referenced as [3])