Title: Owner
Company: MJS Tax and Consulting PLLC
Location: Centennial, Colorado, United States
Mike Severson, CPA, owner of MJS Tax and Consulting PLLC, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in accounting.
With nearly two decades of experience to his credit, Mr. Severson has established a successful career in accounting and business consulting. He currently excels as the owner of MJS Tax and Consulting PLLC, a tax and consulting firm that offers services such as tax preparation, financial consulting, and business planning. a position he has held since 2021. His experience also includes roles as a tax manager at Spicer Jeffries LLP, a professional services firm that specializes in providing audit, tax, accounting, and consulting services to the securities industry, from 2017 to 2019, accountant at Busek Olson & Associates Inc. from 2013 to 2017, controller at Sinner Bros. & Bresnahan from 2012 to 2013, tax specialist at AgCountry Farm Credit Services in 2012, and senior accountant at Giddings & Associates Ltd. from 2007 to 2012. He is a member of the Colorado Society of Certified Public Accountants, a professional organization that offers resources such as continuing education, networking opportunities, and scholarships for accounting students, and a volunteer judo coach at Gracie Judo Club. Laying a solid educational foundation, he earned a Bachelor of Science in accounting from North Dakota State University in 2009 and became a certified public accountant with the North Dakota State Board of Accountancy in 2013.
Mr. Severson takes great pride in his rapid growth. His journey began in 2001 with just 10 clients, all of whom have remained loyal as he advanced in his career; he currently serves 120 clients and aims to reach 150 by the end of 2024. He attributes his success to his unique approach to client relationships, focusing on providing service and communication that clients often feel is lacking with other accounting firms, as well as his dedication to being personable, responsive, and reliable has been integral to his success. Rather than simply aiming to be a trusted advisor, he prioritizes building genuine friendships with his clients.
In the coming years, Mr. Severson aims to expand his business. Once he achieves a certain level of growth, he plans to hire additional staff, explore new revenue sources, and undertake attestation and audit work, particularly focusing on employee benefit plan audits, such as retirement plans. His goal for the next decade is to achieve full automation and establish a sustainable business model, which will allow him to pursue projects and opportunities that align with his passions and values, rather than accepting projects solely for financial reasons. Additionally, he intends to dedicate more time to tax mitigation and long-term tax planning, where he can offer clients valuable assistance over several years. He is also excited about the opportunity to engage in succession planning with clients who will be exiting their businesses. Developing comprehensive succession plans to ensure smooth transitions will be a key focus, helping clients navigate the complexities of passing on their businesses.
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