Archives for December 2014

The 2015 IPA Survey and Analysis of Firms – DEADLINE JUNE 5

Business Charts

The 2015 survey was launched in January. The survey deadline is June 5, 2015. Contact IPA if you are still planning on participating in the IPA survey.

If you would like to participate please contact our office.

The 2015 INSIDE Public Accounting’s (IPA) Annual Survey and Analysis of Firms is open to all accounting firms in North America. The results of the survey is the annual IPA National Benchmarking Report, which is one of the most complete, independent, up-to-date sets of economic and management statistics available about the accounting profession.

More than 540 firms participated in the 2014 Annual Survey and Analysis of Firms, representing an aggregate of more than $60 billion in net fees/revenues, more than 21,000 partners and 250,000 staff.

Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader in the nation.

IPA Insider: 2014 Most Read Stories

Listed below are the most read stories on the INSIDE Public Accounting blog in the year 2014.

Three Tax Partners Join Cherry Bekaert’s Expanding South Florida Practice

Richmond, Va.-based Cherry Bekaert LLP (FY14 net revenue of $130.8 million) admitted Stephen Danner, Lourdes De Los Santos and Michael DeSiato as tax partners to the firm’s Coral Gables, Fla., office.

Formerly with CBIZ Inc. and Mayer Hoffman McCann PC, Danner and DeSiato joined Cherry Bekaert after a recent acquisition that also included 23 associates. Prior to her arrival, De Los Santos was a tax director at a national public accounting firm.

“As we continue our expansion efforts in the South Florida market, it is essential for the firm to have professionals with a strong connection to our local communities,” says David Appel, MP of Cherry Bekaert’s South Florida practice. “The addition of Steve, Lourdes and Mike helps broaden Cherry Bekaert’s reach into the market with seasoned tax professionals known for delivering valuable solutions and advice to their clients.”

A member of Cherry Bekaert’s real estate and construction industry group, Danner provides guidance to partnerships and limited liability companies for real estate activities. Possessing more than 30 years of national and regional public accounting firm experience, he has helped numerous closely held companies reduce their income taxes while planning for a successful transition or sale of the business. Also an expert in tax and estate planning with an emphasis on preserving wealth, Danner is well versed in creating charitable planning strategies related to estate planning and creditor protection.

With more than 20 years of public accounting experience, De Los Santos specializes in serving middle-market companies and being a trusted advisor for personal tax planning and compliance needs. Her taxation expertise includes closely held businesses, partnerships, S-Corporations, financial institutions, high-net-worth individuals, real estate and construction industries and multi-state large corporations, as well as international tax compliance.

A member of the firm’s real estate and construction industry group, DeSiato focuses on tax planning and compliance for growing middle-market companies. With more than 35 years of public accounting experience, he advises clients on asset and estate tax planning, tax reduction strategies, tax credits and incentives and personal financial and exit planning matters. Further, DeSiato has experience working with clients in the real estate, construction, manufacturing, distribution, travel and broadcast industries.

Gumbiner Savett Announces New Shareholder

Jon Shoemaker

Jon Shoemaker

Gumbiner Savett (FY13 net revenue of $16.7 million) of Santa Monica, Calif., announced that Jon Shoemaker has been admitted as shareholder of the firm.

“Jon has been a valuable member of the firm for 20 years and is well respected among his clients and peers. He is an excellent practitioner, and I am proud to call him a fellow shareholder,” says Michael Savoy, MP at Gumbiner Savett. “Most recently Jon has taken on more leadership duties within the firm as the head of the not-for-profit practice.”

Shoemaker has been a principal of the firm for three years and is an audit and accounting practitioner. He is well versed in small- and large-scale audits and internal control projects. He works with middle-market clients in various sectors such as manufacturing and distribution, Internet commerce and employee benefit plans. Shoemaker also works with not-for-profit organizations, focusing on associations, private foundations, religious organizations and higher education organizations.

“I am honored to become a shareholder at Gumbiner Savett. The partners and employees have been my work family for many years, and I am looking forward to taking on more leadership responsibilities and continuing to grow the practice,” says Shoemaker.

Jones to Lead PKM’s Regulatory Compliance Services

Greg Jones

Greg Jones

Greg Jones has joined Porter Keadle Moore of Atlanta as director of regulatory compliance services.

Jones has held top positions at both traditional and innovative online financial institutions, where he created cutting-edge compliance strategies. He also served more than 20 years as assistant regional director of the U.S. Department of the Treasury.

Jones will work closely with risk advisory partner Sonny MacArthur and other members of the firm’s fast-growing enterprise risk management (ERM) team.

“Every day presents a new kind of risk in the financial world,” says MacArthur. “Greg’s experience in banking, compliance and regulation will add to our depth of experience in identifying and mitigating potential issues for our clients.”

Crowe Horwath LLP Admits 25 Partners

Chicago-based Crowe Horwath LLP (FY14 net revenue of $670.2 million) admitted 25 new partners, effective April 1.

“On behalf of everyone at Crowe, I would like to congratulate all of our new partners and directors on reaching this career milestone,” says Charles Allen, Crowe Horwath CEO. “These professionals provide outstanding service to their clients and have been instrumental in Crowe’s continuing growth as a national firm that is globally branded. As partners and directors, their contributions will ensure growth and opportunity for the many that follow behind them.”

  • Brian Archambeault, assurance professional practice, in South Bend, Ind.
  • Matthew Bowser, risk consulting, in Indianapolis
  • TJ Brecht, tax, in Elkhart, Ind.
  • Michael Budinger, risk consulting, in Cleveland
  • Rick Childs, financial advisory services, in Indianapolis
  • Laura Cronkhite, audit, in South Bend, Ind.
  • Daniel Gautschi, performance consulting, in Oak Brook, Ill.
  • Scott Gerard, CHAN health care, in Los Angeles
  • Angie Hipsher, risk consulting, in Indianapolis
  • Arjun Kalra, risk consulting, in San Francisco
  • Matthew Mittman, tax, in Oak Brook, Ill.
  • Scott Ransberger, audit, in South Bend, Ind.
  • Matthew Redente, audit, in New York
  • Melissa Reinbold, tax, in Oak Brook, Ill.
  • Lisa Roney, audit, in Fort Lauderdale, Fla.
  • Ken Ruiz, performance consulting, in Indianapolis
  • Tal Scheer, audit, in Livingston, N.J.
  • Matthew Schell, assurance professional practice, in Washington, D.C.
  • Steve Schumacher, financial advisory services, in Oak Brook, Ill.
  • Jim Slivanya, tax, in New York
  • Rachel Spurlock, tax, in Louisville, Ky.
  • Mark Strawmyer, performance consulting, in Indianapolis
  • Doug Thomson, audit, in Los Angeles
  • Ralph Wright, risk consulting, in Oak Brook, Ill.
  • Monika Zimmer, tax, in Oak Brook, Ill.

Ryan Admits Three to Principal and Four Corporate Officers to Senior Leadership Team

Dallas-based Ryan announced that Richard Turner, Sean Weaver and Mike Zarlengo have been admitted as principals. Also, Gillian Holcomb, Jennifer Ivanelli and Angela Perkins were promoted to vice president and Kathy Weaver was promoted to senior vice president.

Turner is an executive in Ryan’s state income and franchise tax practice based in the Cleveland office and specializes in providing multi-disciplinary tax solutions and strategies. He joined the firm in 2009.

Weaver is an executive based in the Washington, D.C., office and specializes in providing transaction tax services on a nationwide basis to clients in the defense, technology, data center and manufacturing industries. Weaver joined the firm in 2005.

Zarlengo is a business development executive based in the Dallas office and specializes in providing a suite of multi-disciplinary tax services to large multinational clients. Zarlengo joined the firm in 2007.

Holcomb joined Ryan in 2000 and is based in the Dallas office. She is responsible for operations within the transaction tax practice, which is Ryan’s largest tax practice area.

Ivanelli joined Ryan in 2012 as part of the firm’s acquisition of Thomson Reuters property tax services business and is based in the Chicago office. She is responsible for operations within the property tax practice, which is Ryan’s second largest tax practice area.

Perkins joined Ryan in 1999 and is based in the Dallas office. She is responsible for Ryan’s quality assurance department and ensures that the firm’s services and client engagements are consistently performed at the highest level possible. Prior to her role in quality assurance, Perkins spent seven years in Ryan’s transaction tax practice.

Weaver joined Ryan in 2006 and is based in the Dallas office. She was instrumental in the development of the firm’s premier leadership development program and has been the key driver of Ryan’s internationally recognized learning and development programs.

“I am excited to welcome these distinguished executives to the Ryan leadership team and congratulate them on their outstanding achievements to date,” says Brint Ryan, chairman and CEO of Ryan. “Ryan’s growth and global expansion provide our professionals opportunities for advancement that are unmatched in the tax services industry today. We have promoted more than 280 associates worldwide this year alone and are proud to ensure that our professionals are rewarded for superior client service and results.”

Prager Metis Admits Fantozzi to Partnership

Andrea Fantozzi

Andrea Fantozzi

New York-based Prager Metis CPAs LLC (FY13 net revenue of $36 million) announced the appointment of Andrea Fantozzi to partner. Previously the director of the U.S-European team in the international department, Fantozzi will be a partner of Prager Metis International LLC and Prager Metis CPAs LLC effective Jan. 1.

Fantozzi has more than 10 years of experience in providing accounting, audit, due diligence and financial advice to international and domestic middle-market firms in several industries. He specializes in areas such as manufacturing and distribution, e-commerce, textiles, luxury retail, digital communications, not-for-profit, logistics and financial services. Fantozzi offers financial and business consulting to European firms entering the U.S. market and U.S. firms interested in expanding to Europe.

“Andrea developed his expertise in international audit and accounting along with his impeccable client service and business development skills since joining us in 2013,” says David Neste, co-MP of Prager Metis. “I warmly congratulate Andrea for his promotion and thank him for his strong commitment to our firm. His increased responsibility and expertise will further develop our international division at Prager Metis.”

NSBN LLP Announces the Passing of Partner Kathleen Keifner

Kathy Keifner

Kathy Keifner

Beverly Hills, Calif.-based NSBN LLP (FY14 net revenue of $14.3 million) announced the passing of partner Kathy M. Keifner, after a long-fought and courageous battle with cancer.

For more than 30 years, Keifner specialized in serving clients in commercial, industrial and residential real estate, with extensive experience in the areas of affordable housing and real estate partnership taxation.

Keifner generously shared her expertise with the real estate and accounting industries, serving on the board of directors for the affordable housing management association as director of state and local affairs.

Donations may be made to the Jonsson Cancer Center Foundation (JCCF) in Keifner’s memory. You may direct your donation to Colon Cancer/Dr. J. Randolph Hecht with a notation that it is in memory of Kathy Murphy Keifner. The online donation form is at: UCLA Jonsson Comprehensive Cancer Center Foundation.

Sikich Welcomes Connell as Director of Retirement Services

Joe Connell

Joe Connell

Naperville, Ill.-based Sikich LLP (FY13 net revenue of $100 million) hired Joe Connell as a director of retirement plan services.

Previously, Connell served as the president of Retirement Plan Partners. In his new role, he will lead Sikich’s retirement plan advisory practice, oversee its growth in Minnesota and South Dakota and provide current clients with quality service.

Connell has more than 15 years of experience in retirement planning with expertise in all areas of 401(k) plan consulting, including investment selection and performance monitoring, vendor negotiation, participant education and plan administration and design. He joins the wealth management team with assets under management and administration that total over $650 million.

“Joe is a nationally recognized thought leader in the retirement planning services industry. He has a long track record of helping organizations make smarter retirement plan decisions, which enables their participants to retire successfully,” says Jim Sikich, CEO of Sikich LLP. “Joe will increase our assets under management and administration to approximately $850 million.”