Archives for 2015

BKC CPA’s Expands Governmental Services Practice

Bedard Kurowicki & Co. of Flemington, N.J., (BKC) will be expanding with the addition of the firm of William Colantano of Washington, N.J.

BKC, founded in 1992, offers accounting, tax and value-added business advisory services over a wide range of industries. Colantano and his staff bring to BKC their extensive experience in governmental services, including municipal, authority and public school auditing, municipal budgets, internal controls, and other issues that governmental service providers face.

“BKC welcomes the experience and technical skills of these professionals to our firm,” a firm statement reads. “With their contributions we are not only better positioned to serve the unique needs of our governmental clients, but also to utilize the tax and accounting expertise of these seasoned professionals to expand the benefits offered to our private sector clients.”

MP of Kernutt Stokes Again Elected Chair of AGN International-North America

Warren Barnes

Warren Barnes, MP of Kernutt Stokes (FY15 net revenue of $11 million) of Eugene, Ore., is the new chair of AGN International-North America, Inc. (AGN-NA), the association announced.

Barnes has served on the AGN-NA executive committee continuously since 2006, and previously chaired the board in 2010. He is only the third board member in AGN’s 40-year history to repeat as board chair. He was elected at the fall North American board of directors meeting in Vancouver, B.C., held in conjunction with the AGN International, Ltd. World Congress.

Barnes’ second term occurs during an unprecedented time of change for AGN’s North American region.

“The association experienced a major transition in mid-2014 when Malcolm Ward was hired as the global CEO; our longtime executive director, Rita Hood, has announced her retirement effective May 31, 2016,” Barnes says. “I’m glad to be able to assist and support both of these transitions to assure seamless member service and collaboration in the North American region of AGN.”

As AGN-NA chair, Barnes will preside at meetings of the North American region’s board of directors and executive committee beginning Jan. 1. He succeeds Gary Katz, MP of Logan Katz of Ottawa, Ontario, Canada, who has served as chair for the last 12 months.

Also elected to AGN-NA’s 2016 executive committee:

Carl Coburn, vice chair (MP, Cincinnati-based Clark Schaefer Hackett, FY15 net revenue of $63.6 million)
Carol Villemaire, treasurer (MP, Gainesville, Fla.-based James Moore & Co., FY14 net revenue of $16.2 million)
Bradley P. Lusk, secretary (MP, Sisterson & Co. of Pittsburgh, Pa.)

AGN-NA currently has 43 firms as members of the North American region, including 38 CPA firms in the U.S., three firms in Canada and one firm in Mexico. It is part of AGN International, Ltd., which has 180 member firms in 86 countries.

Armanino Further Expands into Southern California

San Ramon, Calif.-based Armanino (FY14 net revenue of $129.5 million), with eight offices across the country, has announced an agreement with LaRue, Corrigan, McCormick & Teasdale (LCMT) of Woodland Hills, Calif., to join together effective Jan. 1.

The agreement will create an office location in the San Fernando Valley, and brings Armanino’s talent and expertise to better serve clients in the region while allowing local employees more options to work where they live.

“The team at LaRue, Corrigan, McCormick & Teasdale has been a professional pillar in the San Fernando Valley for nearly 25 years and we can’t think of a better group of professionals to partner with,” says Andy Armanino, MP of Armanino LLP. “We see a lot of ways that together we can drive growth opportunities and business strategies for their sophisticated client base with a wider range of solutions.”

LCMT clients will now have access to Armanino’s accounting and business management solutions that focus on complex corporate returns, international tax, R&D credits, family office, estate planning, M&A preparedness and expanded audit expertise to help at every stage of business. Armanino also offers a full suite of technology consulting services.

“The highly personalized approach we bring to each client will remain, but now we will have the ability to tap into more resources to provide breadth of expertise to each engagement,” says Ken Teasdale, partner at LCMT. LCMT will keep its Woodland Hills office. Clients will continue to work with the same partners and staff without disruption.

The firm has been listed on INSIDE Public Accounting’s Fastest Growing Firms and Best of the Best Firms in the nation the past five years running.

Brockland to Lead Conner Ash as President

Alicia Brockland

Alicia Brockland

Alicia Brockland has been named the new president of Conner Ash of St. Louis, effective Jan. 1, replacing Howard Rosen, who will continue serving as chairman of the board and leader of the tax department.

Brockland has been with Conner Ash for 15 years and has focused her professional practice on serving transportation and insurance entities throughout the Midwest.

Conner Ash, with 32 employees, provides a wide range of assurance, tax, accounting, business valuation, management advisory and computer consulting services to its clients. Industry concentrations include transportation, manufacturing and distributing, insurance, affordable housing, employee benefit plans, not-for-profits and high-net-worth individuals.

Brockland’s appointment is the final step in an ongoing leadership transition plan at Conner Ash, according to a statement from the firm.

Peters & Associates Merges with Moore & Hart

Syracuse, N.Y.-based Peters & Associates has merged with Moore & Hart of Utica, N.Y.

Peters & Associates has operated a satellite office in Utica for more than 30 years, but will now locate at the Moore & Hart offices in downtown Utica and Old Forge, Business Journal News Network reported. Peters & Associates will retain all nine employees from the Moore & Hart staff as part of the combined firm.

“They’re very complementary with us,” Mark Peters, president of Peters & Associates, says in a news release. “We specialize in local businesses that want hands-on service from a firm that concentrates on them. Clients want the same individual handling their accounting and taxes each year. However, since we employ 20 people, we have the expertise to handle any complex issues that may arise.”

Before the merger, Peters & Associates employed 10 people. The firm has since hired an additional accountant for the Utica office. Moore & Hart’s partners — Dennis Hart, David Upcraft and James Hoyer — will remain with the company but aren’t serving as partners, according to Business Journal News Network.

Two Louisville Firms Merge

Mather & Co. of Louisville, Ky., has agreed to merge with another Louisville CPA firm, Mulligan, Hill, Clements & Co., Louisville Business First reported.

Bruce Smith, MP of Mather & Co., told the newspaper that the merger will be completed at the start of 2016.

“Smith said this is a merger, not a buyout, meaning Mather hasn’t spent any funds to purchase Mulligan. But he said that over time, Mather will purchase the equity stakes of Mulligan’s two equity partners, Frank Clements and Sally Mudd. Smith had no timetable for when the two partners could get bought out, though, saying that it depends on how long they want to work,” the newspaper reported.

Mather will go from 16 CPAs to 19 and will have a staff of about 40 when the merger is complete.

The merger is intended, in part, to give younger CPAs more leadership possibilities. Smith says Mulligan was the right merger partner for Mather because the firm has high quality control and “a high quality of people.”

Smith & Gesteland Joins HLB International as Part of HLB USA Network

Smith & Gesteland (FY14 net revenue of $15.2 million) of Middleton, Wis., joins HLB International as part of the HLB USA Network of independently owned CPA and business advisory firms.

The S&G professional team provides accounting, audit, tax and consulting services with special expertise in profit enhancement, R&D tax, cost segregation and M&A. They serve clients in manufacturing/supply chain, construction, high-tech and non-profit. They have a large practice serving family-owned enterprises.

S&G, an IPA 200 firm, adds 18 partners and over 100 staff to HLB’s resources in the U.S. The HLB USA network has 57 offices served by 458 partners and 2,737 staff.

“The addition of S&G strengthens the U.S. network and broadens the geographic coverage in this important location. We continue to explore growth opportunities with other prospective firms in key markets,” says Richard DeRienzo, chairman of HLB USA, Inc.

S&G MP Bill Pellino says, “A crucial part of our ongoing development is our firm’s active participation in a major international group. We are delighted to become members of HLB, which complements our existing international service line by providing a strong global dimension to our activities, and helps to raise our profile in key overseas markets as well as our local business community.”

S&G has an extensive client base with international business activity and has already referred assignments to HLB members in several regions.

Whalen & Company Grows with Acquisition of Earman and Wood CPAs

Whalen & Company of Worthington, Ohio, is expanding after its recent acquisition of Earman and Wood CPAs of Hilliard, Ohio.

The addition brings two more directors – Larry Earman and Lisa Wood – to the growing team at Whalen & Company.

“Earman and Wood developed a culture of outstanding client service at their firm, a core value at Whalen & Company,” says Richard Crabtree, partner at Whalen & Company.

As a director at Whalen and Company, Earman will consult with clients for their accounting and audit needs. Earman has 46 years of experience, working for a large international accounting firm before opening his own practice in 1978.

Wood serves as a director in the tax department at Whalen & Company. With 22 years of experience, Wood specializes in tax strategy for closely held businesses and related entities and has significant experience consulting with group residences for individuals with developmental disabilities.

WithumSmith+Brown Merges in Mironov Group

Edison, N.J.-based The Mironov Group has joined Princeton, N.J.-based WithumSmith+Brown (FY15 net revenue of $113.5 million), Withum MP Bill Hagaman announced in this blog.

Jim Boland, Mironov’s MP since 2010, and the firm’s 10 partners and 40 additional staff will officially transition to the Withum team Jan. 1.

The Mironov Group provides specialized accounting, audit, tax and consulting services to the automotive, health care, real estate and professional services industries. Hagaman says the firm’s automotive experience will round out services in that industry, while its strength in health care, “specifically physician groups, assisted living facilities, home health agencies and nursing homes, complements our firm’s expansive list of hospital and healthcare system clients.” He adds, “Their real estate practice includes some marquis clients that will bolster our robust niche.”

Mironov’s Edison office will remain at its current location through the end of the 2016 tax season, but will then relocate to Withum’s New Brunswick, N.J., office. Their Blue Bell, Pa., office will remain at its current location.

“Growth through mergers and acquisitions is certainly a part of our firm’s long-term strategy, to supplement our organic growth. We are so pleased that throughout the firm’s 41 years of history, we have been successful in finding the right strategic partners to help us reach new markets, expand a variety of service areas, and bring aboard so many talented professionals who help provide the world-class service our clients have come to expect every day,” Hagaman says.

CohnReznick Admits Baggeri as Partner

Raymond Baggeri

Raymond Baggeri

New York-based CohnReznick (FY15 net revenue of $575 million) has admitted a new partner: Raymond Baggeri, a member of the firm’s retail and consumer products industry practice.

“We are pleased to welcome Ray to CohnReznick and look forward to the contributions he will make to our team,” says Alan Wolfson, New York OMP. “Our retail and consumer products clients will especially benefit from Ray’s in-depth knowledge of the issues impacting this sector.”

Baggeri has more than 15 years of accounting experience, working principally with premier high-end fashion and apparel companies. He also provides audit and accounting services to clients in a variety of other industries, including wholesale distribution, manufacturing, transportation and logistics, and service companies.

Prior to joining CohnReznick, he was a senior manager at a Big 4 accounting firm.