Firms in the News: May 7

Altruic Advisors Announces Transition To Serve Nonprofits

Ann Arbor, Mich.-based Altruic Advisors has changed its business model to exclusively serve the needs of nonprofit organizations, making it one of only a select number of CPA firms in the nation to do so.
Altruic is also offering a new menu of cloud-based solutions formulated to help nonprofits with routine accounting and administrative functions. The services aim to streamline nonprofits’ accounting and administrative tasks, minimize the potential risks associated with fraud and improve the timeliness and accuracy of financial statements, while decreasing costs.

“Because Altruic is among the rare handful of CPA firms that work exclusively with nonprofits, we elected to provide services like the CFO Solutions package on a nationwide basis,” says Ryan Hagan, nonprofit specialist. “The fact that our services are 100% cloud-based is key to our unique positioning to help nonprofits. We firmly believe that this move will allow us to help more NPOs fulfill their charitable missions.”

 

Alavara Annouces Strategic Alliance With Peisner Johnson & Company

Avalara Inc. of Bainbridge Island, Wash., a provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, announced a strategic alliance with Dallas-based Peisner Johnson & Company LLP, a firm focused entirely on serving clients’ SALT needs.

Peisner Johnson and Avalara will work together to show CPAs and their clients how they can more effectively manage their sales tax reporting and compliance burden. In addition, Peisner Johnson will also be working closely with other firms nationwide to assist clients by offering deep sales tax knowledge, experience and support, including compliance services.

“We have traditionally resisted forming partnerships like this one, but because Avalara is 100% focused on sales tax solutions, we knew this one was going to benefit our firm, our clients and other practice firms that engage us to help their clients,” says Jerry Peisner, partner at Peisner Johnson & Company.

Ray Bigley, vice president of business development for Avalara’s accountants program, says, “In many instances, we spend a great deal of time educating CPAs on sales tax issues. Because Peisner Johnson already has many years of experience in this area, we are also looking forward to their broad network of affiliations in our effort to reach further into the CPA community.”

 

Hewins Financial Teams with DZH Phillips

Hewins Financial Advisors LLC, a national CPA-based financial advisory firm, announced collaboration with San Francisco-based DZH Phillips (FY12 net revenue of $11.9 million) to launch DZH Phillips Wealth Management.

The collaboration is designed to offer an integrated financial approach for clients.

“We believe strongly that our consistency in our investment philosophy and our efficiencies in our business models have propelled us as a firm. The strengths we’ve developed in the high-net-worth market have enabled us to extend our strategies, resources and capabilities to the emerging investor and business-to-business space,” says Hewins’ Chief Strategy Officer Gretchen Halpin.