1. BNA Tax Management: A Leading Washington, DC Based Technology Company
Tiburon Research
April 24, 2019

2. BNA Tax Management Comments 2 Founded in 1947 Based in Washington, DC
Web Site:
Source: 11/28/05 BNA Software Web Site; 10/27/05 BNA Software Web Site; 4/05 Investment Advisor; Tiburon Research & Analysis 2

3. BNA Tax Management History
BNA Tax Management was Founded in 1947 and Has Subsequently Evolved through its Early, Middle, & Recent Phases
BNA Tax Management
History
BNA Tax Management
Founded
BNA Tax Management
Today
Early
Phase
Middle
Phase
Recent
Phase
Approximate
Dates:
1947
2019
Key Steps:
1947: BNA Tax Management founded
XXXX: --
XXXX: --
XXXX: --
Source: 11/28/05 BNA Software Web Site; 10/27/05 BNA Software Web Site; 4/05 Investment Advisor; Tiburon Research & Analysis 3

4. BNA Tax Management was Founded by XXXX
Comments
Founded in 1947
Based in Washington, DC
Source: 11/28/05 BNA Software Web Site; 10/27/05 BNA Software Web Site; 4/05 Investment Advisor; Tiburon Research & Analysis 4

5. BNA Tax Management is Not a Frequent Advertiser
Comments --
Source: Tiburon Research & Analysis 5

6. BNA Tax Management Web Site
BNA Tax Management Has a Web Site with Six Core Sections, Including Solutions, Resources, Training & Services, About Us, Blog, and For You
BNA Tax Management
Web Site
BNA Tax Management
Web Site
Solutions
Resources
Training & Services
About Us
Blog
For You
Source: 4/24/19 BNA Tax Management Web Site; Tiburon Research & Analysis 6

7. BNA Tax Management is Not a Frequent Acquirer
Comments --
Source: Tiburon Research & Analysis 7

8. BNA Tax Management Has a Charitable Giving Program
Comments --
Source: Tiburon Research & Analysis 8

9. BNA Tax Management Has Offices
Source: Tiburon Research & Analysis 9

10. BNA Tax Management Has Employees
Source: Tiburon Research & Analysis 10

11. BNA Tax Management Serves Clients
(Millions)
Source: Tiburon Research & Analysis 11

12. BNA Tax Management Generates Revenues
($ Millions)
Source: Tiburon Research & Analysis 12

13. BNA Tax Management Earns $___ Million
Net Profits
($ Millions)
Source: Tiburon Research & Analysis 13

14. BNA Tax Management Has a Number of Businesses, Including…-- -- -- -- --
Source: Tiburon Research & Analysis 14

15. BNA Tax Management’s First Businesses is ___
Comments --
Source: Tiburon Research & Analysis 15

16. BNA Tax Management’s Second Businesses is ___
Comments --
Source: Tiburon Research & Analysis 16

17. BNA Tax Management is Led by its CEO…
Organizational Chart --
CEO -- -- -- -- --
Source: 11/28/05 BNA Software Web Site; 10/27/05 BNA Software Web Site; 4/05 Investment Advisor; Tiburon Research & Analysis 17

18. BNA Tax Management Has a Board of Directors Led by its Chairman…--
Chairman -- -- -- -- -- -- -- -- --
Source: Tiburon Research & Analysis

19. BNA Tax Management is Privately Owned
Comments --
Source: Tiburon Research & Analysis 19

20. BNA Tax Management Has Assets
($ Millions)
Source: Tiburon Research & Analysis 20 20 20

21. BNA Tax Management Has Liabilities
($ Millions)
Source: Tiburon Research & Analysis 21 21 21

22. BNA Tax Management Has Shareholders’ Equity
($ Millions)
Source: Tiburon Research & Analysis 22 22 22

23. BNA Tax Management Earns … Per Share
Earnings Per Share
Source: Tiburon Research & Analysis 23 23 23

24. BNA Tax Management Declares … Dividends Per Share
Source: Tiburon Research & Analysis 24 24 24

25. BNA Tax Management Has a … Dividend Yield
Source: Tiburon Research & Analysis 25 25 25

26. BNA Tax Management’s Stock Price is …
Source: Tiburon Research & Analysis 26 26 26

27. BNA Tax Management Has … Shares Outstanding
Source: Tiburon Research & Analysis 27 27 27

28. BNA Tax Management’s Market Capitalization is …
($ Millions)
Source: Tiburon Research & Analysis 28 28 28

29. BNA Tax Management is Owned by ….
Ownership
By Owner
Source: Tiburon Research & Analysis 29 29 29

30. BNA Tax Management’s Stock Volume is….
Source: Tiburon Research & Analysis 30 30 30

31. Tiburon Strategic Advisors
Comments
Focus on corporate-level strategy
Serve senior executives only at financial services companies
Key services: market seminars, market research, & strategy consulting
Served over 450 corporate clients and completed over 2,200 projects since 1998
Host semi-annual CEO Summits, offer free weekly research releases, and offer free business benchmarking tools for all types of advisors
Chip Roame background
McKinsey & Company
Charles Schwab & Company
Tiburon since 1998
Source: Tiburon Research & Analysis 31 31