Our Story

Shelton & Company, CPAs, P.C. was founded in 1991 by CPA and former CFO of a bridge contractor, Fred C. Shelton, Jr., CPA, MBA.  Fred understood and recognized the specific accounting needs related to contractors. He felt that having an accounting firm that dealt only with construction accounting would directly benefit construction companies of all sizes and types.

After the company he worked for was acquired in a business merger, he had a decision to make: Either stay with the new company or take a chance and start out on his own. He took the risk, and opened Fred C. Shelton, CPA, P.C. Over the years, Fred’s reputation grew to be a respected member and one of the top CPA firms in the state for its specialty. The company continued to grow and take on more clients, increased its staff size and soon Fred took on partners to expand the firm further.

Fred changed the company name to Shelton & Company, CPAs, P.C. He and his partners created lasting relationships with key professionals in the bonding and banking industry to help bridge the gap between construction companies and the financial sector. When Fred first started, his clientele was located primarily in Central and Southwest Virginia. Now Shelton & Company handles clients in many states throughout the mid-Atlantic region. Shelton & Company expanded its practice to offer not only comprehensive financial and accounting services, but also to offer valuation services for construction companies as well. Fred and his team of accountants offered seminars, and taught courses at local and national CPE conferences, published articles and offered their free time to sit on various boards in local chapters relevant to the construction industry. When Fred retired, he knew that he was leaving the firm he founded in very capable hands. Chad Maddox and Mason Brugh, who had worked beside Fred for years, took the reins and the company has thrived while the transition was seamless. The combined experience and knowledge among the staff at Shelton & Company spans decades and it shows in the services we provide every day.

Fred started this company with a very simple idea to provide specialized accounting services to the construction industry while maintaining exceptional customer service. That legacy continues on today.

Looking toward the future

Today, Shelton & Company, CPAs continues to maintain its status as one of the leading CPA firms in the state of Virginia handling construction contractors and their accounting needs throughout the mid Atlantic region.  Shelton & Company has a team of experienced and trained professionals, led by Chad Maddox, CPA, CVA, CCIFP, CCA and Mason Brugh, CPA, CCIFP, CCA, CCP.   The professionals in our firm have numerous years of experience in the field of construction accounting.  While there is a minimum number of CPE requirements to maintain professional certifications, our staff members exceed that amount maintaining continuing education in both construction accounting and general accounting principals.  

Our extensive tax software was created and designed to give us the necessary platform to handle all your tax needs regardless of what state you do business in.  Our professional staff is backed by a state of the art computer network desiged to provide you with all your accounting needs in a timely, efficient manner.  The staff utilizes powerful Dell laptops with the latest Microsoft software and outstanding tax software to provide them with a portable office for visits onsite at your buisness.  No matter where your company resides, our staff can bring our office to you.  We also have access to one of the most extensive online tax research libraries and tax manuals to manage any tax circumstance or situation that may arise.  We also subscribe to numerous publications and notification systems to keep on top of any and all changing tax regulations or codes whether it is Federal or any state that may affect your situation.   

In addition, we maintain memberships in the American Institute of CPAs, and the Virginia Society of CPAs.  We also belong to the Construction Financial Managers Association, The Virginia Transportation Construction Alliance, and the Associated General Contractors. 

We believe in the value of relationships. We view every client relationship like a partnership, and truly believe that our success is a result of your success. We are committed to providing close, personal attention to our clients. We take pride in giving you the assurance that the personal assistance you receive comes from years of advanced training, technical experience and financial acumen.

We provide a variety of services including:

• Income Tax Preparation for all types of businesses, and individuals
• IRS and State Audit Representation
• Payroll Reporting
• QuickBooks® setup, support and training
• Business startup services
• Monthly bookkeeping
• Financial statements - making sure your financial records are timely and accurate

Our continual investment of time and resources in professional continuing education, state-of-the-art computer technology and extensive business relationships is indicative of our commitment to excellence.