Archives for May 2016

How Many U.S. CPAs? More Than 664,532, NASBA Says

For the first time, the National Association of State Boards of Accountancy (NASBA) has released a CPA population statistic that represents the total number of individual, U.S. licensed CPAs – at least 664,532 as of April 22.

This new statistic is derived from NASBA’s Accountancy Licensee Database (ALD), the national database of CPAs comprised of official Board of Accountancy data that is aggregated from 51 of the 55 CPA licensing jurisdictions. The number does not include CPAs in Delaware, Hawaii, Utah and Wisconsin.

It represents the total number of individual CPAs that are considered to be in an “active” status by their respective boards, a majority of which can be matched across state lines to assure licensees who are licensed in multiple states are only counted once. Before the existence of the ALD, this ability to eliminate the duplicate licensees across state lines when calculating the total CPA population was not possible.

“NASBA has one of the most accelerated data-sharing programs among state-regulated professions because of the amount of data being contributed by the participating boards,” said Maria Caldwell, chief legal officer and director of compliance services for NASBA. “Without the ongoing efforts of the state boards and their willingness to collaborate and preserve the CPA designation, there would not be the unprecedented degree of data that is currently shared between state boards.” About 98% of the world’s CPA licensee information is housed in the public database.

The free, public version of the database,, can be used to verify if a person or firm is licensed to practice public accounting and if there is any enforcement history on the record. License numbers, issue dates, license status, a flag of existing enforcement history and other details are included.

The new CPA population statistic will be updated quarterly and made available on NASBA’s website.


Plante Moran Admits Olejnik as Leader of Energy Practice

Olejnik_Martin_Plante & Moran_2016

Martin Olejnik

Southfield, Mich.-based Plante Moran (FY15 net revenue of $465.7 million) admitted Martin Olejnik as the leader of its energy practice.

Olejnik, an audit and business advisory partner with the firm, has focused on the energy industry since he first joined Plante Moran in 1997. In his new role, he will oversee a team of energy specialists advising clients on matters including accounting and financial statement disclosure, tax strategies, regulatory matters and operational consulting. In addition to his increased focused on energy, Olejnik will also continue to serve clients in the manufacturing and distribution and government sectors.

“Martin’s outstanding expertise and straightforward approach with clients serves him well when advising those working in an industry that changes as much as energy,” says Brad Virkus, leader of Plante Moran’s real estate and construction practice. “He brings a great passion for the energy industry and an appreciation for the specialized needs of clients in this area.”

Baker Tilly Admits Peric as State and Local Tax Leader


Gary Peric

Chicago-based Baker Tilly Virchow Krause  (FY15 net revenue of $478.1 million) admitted Gary Peric as the firm leader for its SALT practice.

In this role, Peric is responsible for expanding and overseeing the SALT practice in Baker Tilly’s national tax services group. He is based in the firm’s Chicago headquarters.

“After talking with Gary and seeing his experience included establishing a SALT group for a previous firm that grew to a successful practice, we knew he would be an excellent leader for our team,” says Joseph O’Neill, Baker Tilly tax MP. “We’re excited to see what he will accomplish with our already-strong practice.”

Peric has more than 20 years of experience working in state and local tax. He has been an MP and led SALT practices for large, international accounting and advisory firms. Most recently, he founded State Tax Foundation, which enabled him to identify and disseminate in a non-partisan manner significant tax insights to increase taxpayer literacy via public speaking and social media.

“Baker Tilly has a solid reputation in state and local taxation,” says Peric. “I’m looking forward to building an even more robust practice on that foundation.”

EKS&H Acquires Rivington Financial Services

Denver-based EKS&H (FY14 net revenue of $81.2 million) has announced that it has acquired Rivington Financial Services, of Centennial, Colo., a full-service outsourced accounting provider that has been supporting businesses in the oil and gas industry for more than 15 years.

Rivington has comprehensive accounting capabilities from clerical through controller level, including general ledger services, accounts payable/accounts receivable, joint interest billing, revenue distribution, regulatory reporting, master file management and management reporting services. “The integration of Rivington into EKS&H is an ideal fit based on both industry expertise and accounting service capability. Given our leading oil and gas practice, it just made sense,” says EKS&H CEO Bob Hottman. “This addition is further proof of our commitment to building a first-class consulting team able to help any client achieve its goals through a wide variety of business and technology services.”

Rivington founding partner Tim McLemore says, “Joining the team at a nationally recognized professional services firm like EKS&H boosts the depth and breadth of service we can provide our clients. This represents the exciting next step in our organization’s journey.”

AICPA Responds to Department of Labor’s Overtime Rule

The AICPA issued the following statement by president and CEO Barry Melancon in response to the U.S. Department of Labor’s rule amending Fair Labor Standards Act exemptions from minimum wage and overtime requirements:

“The AICPA has clearly and consistently outlined its concerns that the Department of Labor (DOL) proposed rule will increase the administrative burden in complying with the regulations while dramatically increasing employers’ payroll costs.

“The proposed revisions fail to modernize or streamline the regulations, are not reflective of the realities of the modern workplace and a changing workforce, and would adversely affect both employees and employers. DOL’s modifications to the rule did little to lessen the likelihood that CPA firms and countless other businesses will be forced to curtail hiring – and may even have to reduce the size of their workforce.

“The changes would have an especially negative impact on smaller accounting firms and the millions of small business clients they represent that simply cannot afford to raise their salaries for exempt employees above the new proposed threshold but also cannot afford to pay overtime to exempt workers.

As a member of the Partnership to Protect Workplace Opportunity – a diverse group of stakeholders including businesses and associations that represent millions who could be impacted by the proposed rule – we urge Congress to intervene in the process so that regulations governing overtime pay reflect the evolving workplace in a manner that is not economically counterproductive.”

Rodriguez Named to Lead KPMG’s Audit Committee Institute


Jose Rodriguez

Jose Rodriguez has been named PIC and executive director of KPMG’s Audit Committee Institute (ACI). Rodriguez, an audit partner at New York-based KPMG LLP (FY14 gross revenue of $6.9 billion), has more than 30 years of experience serving large, multi-national and mid-sized companies, with a primary emphasis in the consumer markets and retail industries.

He has been a KPMG partner since 1995 and is located in the Greensboro, N.C., office. Rodriguez also serves as an SEC reviewing partner and foreign filing partner, and has held a number of leadership positions in the firm.

Rodriguez succeeds Dennis Whalen, who had served as ACI’s executive director since 2011 and was recently appointed leader of KPMG’s Board Leadership Center (BLC), which consolidates the firm’s board-facing activities – including ACI, WomenCorporateDirectors, Private Markets and Board Exchange.

“I’m excited about the opportunity to build on the ACI’s record of success as a trusted resource for audit committees and board members in the United States and around the world,” says Rodriguez. “I look forward to working with Dennis and the BLC team to provide directors with timely insights and perspectives, programs, and peer-exchange opportunities that are essential to being an effective director and an effective board.”

HORNE Elects Watts as Chair of the Board of Directors


Katherine Watts

Ridgeland, Miss.-based HORNE LLP (FY14 net revenue of $72.3 million) has elected Katherine Watts as their first female to serve as chair of the board.

“I’ve had the honor to be the first female in many leadership roles during my career but this election means the most to me. To have the trust and support from the board to guide our firm into the future over the next year will be one of my greatest honors,” says Watts.

Watts has been with HORNE since 2004 and is currently the PIC of health care services. She leads a team of CPAs and health care consultants providing services to physicians, medical groups, hospital systems, ambulatory surgery centers and other health care organizations across the country as they develop strategies to meet today’s market demands. Watts’ primary concentration is in both the financial and operational aspects of medical practices including startups, mergers and dissolutions, outsourced accounting, physician compensation modeling, practice and clinic transfers of ownership, benchmarking and fee schedules, and tax planning and consulting.

Her leadership also guides the firm’s “Belonging at HORNE” journey, HORNE’s version of diversity and inclusion efforts. Under her leadership, the firm has established an extremely successful sponsorship and advocacy program, made progress with issues surrounding gender, ethnicity and generations, and started hard conversations regarding the future of the firm.

“Kathy’s leadership has already made a significant impact on our journey to build the Wise Firm, and it will no doubt push us forward this next year,” says executive partner Joey Havens.

Watts has more than 30 years of experience providing assurance, tax and consulting services to physician practices and related entities.

Rendziperis Joins Weaver as Director in Charge of State and Local Income Tax


George Rendziperis

George Rendziperis has joined Fort Worth, Texas-based Weaver (FY15 net revenue of $95.1 million) as director in charge of state and local income tax in Weaver’s tax and strategic business services practice. He is based in the firm’s Austin, Texas, office.

Rendziperis brings to Weaver more than 15 years of experience in counseling clients on a variety of state and local tax issues, including multistate tax planning, consultation, implementation and compliance. He is experienced in the areas of income/franchise tax, sales and use taxes, excise and property taxes, and incentives and credits.

“George’s combined tax and legal expertise makes him a good fit for Weaver,” says Clint Siddons, COO of Weaver’s tax and strategic business services. “This allows us to serve the specific needs of our clients as they deal with specific state and local income tax issues.”

Consultant Releases New Edition of ‘Quantum of Paperless’


Roman Kepczyk

Roman Kepczyk, director of consulting for Xcentric, has released a 2016 update of his book, Quantum of Paperless: Partner’s Guide to Accounting Firm Optimization.

In the seventh edition of the book, Kepczyk includes 2016 IT survey results from the CPA Firm Management Association (CPAFMA). The survey provides actionable information on hardware, software, staffing and IT trends and allows accounting firm leaders to compare data with their peers. In addition, the 2015 Benchmarking Paperless Best Practices survey information is included.

Quantum Paperless discusses how every accounting firm is unique yet similar. Firms are unique in the production processes they have developed over time to service clients, produce tax returns, complete audits, enter time and produce billing. However, the transition from traditional manual processes to today’s digital solutions is remarkably similar and it is primarily a matter of identifying where the firm is today and implementing the next proven process that firm personnel are sufficiently capable and willing to adopt.

This guide is broken into 32 mission-critical quantum leaps where your firm production can be optimized. In each section, proven solutions that accounting firms are successfully implementing and using today is listed.

The book answers tough tech questions firms face:

  • Multiple monitors – beyond 3?
  • The Cloud?
  • Hardware selection and replacement?
  • Document management?
  • Managing and retaining data?
  • Digital tax workflow systems?
  • Audit field equipment?
  • Delivering client reports digitally?
  • Client portals?
  • Security issues?
  • Remote access technology?

Kepzyk helps firms throughout North America effectively use information technology by implementing digital best practices. He has spent the past 17 years consulting with CPA firms.

Purchase Quantum of Paperless: Partner’s Guide to Accounting Firm Optimization

BDO USA Expands into Utah

Chicago-based BDO USA LLP (FY15 net revenue of $1.05 billion) announced an expansion into the Utah market through the addition of 64 staff, including 10 partners, from Mantyla McReynolds LLC of Salt Lake City.

Founded in 1989, Mantyla McReynolds provides a full range of accounting and consulting services to a diversified client base of public and private businesses. The firm has significant strength in the technology and life sciences, real estate, hospitality and entertainment, equipment leasing, outdoor recreation and ski resorts, auto dealerships, and manufacturing and distribution industries. The combination of BDO and Mantyla McReynolds is expected to be completed on July 1.

“I want to welcome all of the partners and staff formerly with Mantyla McReynolds to BDO. This combination provides BDO with a sizable presence with excellent growth potential in the important Salt Lake market,” says Wayne Berson, CEO of BDO USA. “Through our previous Alliance relationship, we have a history of collaboration on client work and business development with our new partners and staff. This familiarity will be extremely valuable as we integrate the practice with BDO.”

“For the entire eight years we have been members of the BDO Alliance USA, we have thoroughly enjoyed working with the BDO partners and staff. BDO has a very compatible service philosophy that will make our transition into the firm as seamless as possible,” says Kim McReynolds, MP of Mantyla McReynolds. “We’ve established a long history of creating strong relationships with some of Utah’s largest entrepreneurial companies, many with national and international reach. By combining with BDO we will build on that tradition by bringing our clients a wider array of solutions, broader industry experience, and the full coverage of BDO’s global network.”

Don Mantyla and McReynolds, firm co-founders, will continue in their leading roles in the practice. Matt McReynolds, who has more than 15 years of professional experience, will continue to serve as the assurance MP for the new Utah practice of BDO USA. Shane Grant, who has more than 24 years of experience in public accounting, will continue in his role as the tax managing partner for the Utah practice.