Archives for September 2016

White Elected MP of Banks Finley White

James C. White Jr.

James C. White Jr.

Birmingham, Ala.-based Banks Finley White & Co. announced James C. White Jr. has been elected MP of the firm, effective Oct. 1.

In his new role, White will be responsible for the overall operations of the regional firm. He takes the reins from Jim White Sr., who served as the firm’s MP from its inception more than 40 years ago. White Sr. will remain a partner with the firm and move to the position of chairman emeritus.

White Jr. has more than 18 years of experience in the public accounting profession, mostly with an international accounting firm, which included three years in Berlin, Germany.

Banks Finley White & Co. was founded in 1973 and is one of the oldest and largest black-owned CPA firms in the nation. The firm has offices in Atlanta, Memphis, Tenn., Jackson, Miss., and Birmingham.

Fields, Smith Admitted as Partners at BKD

David Fields

David Fields

David Fields and Derek Smith have been admitted to the partnership at Springfield, Mo.-based BKD (FY16 net revenue of $537.6 million).

Career paths at BKD are divided into levels. Each position is defined by its own set of duties, responsibilities and competencies requiring cumulative and advanced degrees of education, training and experience. Personnel must demonstrate their leadership abilities as coaches, mentors and active community members. New partners are elected by the firm’s partner base and ratified by BKD’s governing board.

Derek Smith

Derek Smith

Fields is a member of BKD national health care group. He is a key team resource on audit, grants management and financial operational issues and cost report preparation for community health centers. He also is a firmwide resource on Single Audit issues and their application to health care.

Smith is a member of BKD national construction and real estate group and part of the Southern Missouri WealthPlan team. He works with individuals and closely held businesses to develop and implement structures and tax savings strategies, and assists with business and family succession planning.

DMJ & Co. Announces Acquisition of Hutchings & Hutchings

Greensboro, N.C.-based DMJ & Co. (FY15 net revenue of $9.6 million), announced that it has acquired Hutchings & Hutchings Certified Public Accountants of Durham, N.C. Hutchings & Hutchings will assume the DMJ name, effective Nov. 1.

Hutchings & Hutchings, a third-generation firm, was established in the 1930s by Philip W. Hutchings Sr. In 1984, Philip Hutchings III assumed leadership, growing the practice to focus on tax compliance and tax planning, and developing strong relationships among industry leaders and individuals including physicians and health care professionals, professional services, hospitality and real estate, among others. He will continue with DMJ as principal. All staff positions will be retained.

“We are very excited to join forces with DMJ,” says Phil Hutchings. “DMJ is a dynamic firm that shares our values and commitment to quality. People come first, and DMJ shares this sentiment. It’s important that relationships remain intact.”

The combined firm will now employ more than 73 people, including 10 partners.

The Hutchings acquisition will now extend DMJ’s presence statewide with office locations in the Triad, the Triangle and the Sandhills regions. Mike Gillis, DMJ’s MP says, “This commitment speaks volumes about the confidence we have in the growth of our region, the development of industry and business, and the firm’s vision and future.”  DMJ also has operated an office in Sanford, N.C., for nearly 30 years.

The expansion offers experience in DMJ health care consulting division and wealth management (DMJ Wealth Advisors LLC) to the Triangle marketplace. Together, the firms will continue to provide the traditional services with deeper practice areas in international tax consulting, litigation support, succession planning, audit and reviews, among others.

Gettry Marcus Moving to Broadway

Woodbury, N.Y.-based Gettry Marcus (FY15 net revenue of $17.9 million) is consolidating its two offices in New York and plans to move to Broadway in January.

The firm’s two New York City offices – one at 3 Park Ave. and the other at 462 Seventh Ave. – will be consolidated and the firm will occupy the entire 40th floor at 1407 Broadway, between West 38th and West 39th Streets.

This new office space will provide a modern working environment for employees and clients, new amenities and room for growth, the firm says. Additionally, the location of the space was ideal with all of the major transportation hubs within a 10-minute walk.

“The firm has been actively expanding our presence in New York City,” says Steven L. Marcus, the firm’s MP. “In the beginning of 2016, New York City accounting firm MLGW merged with Gettry Marcus. This merger created the need to have a cohesive office environment. The firm was looking for a bright space, with a lot of natural light that could be built out to our specifications.  One step into 1407 Broadway, we saw that we could stay true to our brand and replicate our Woodbury, Long Island, open-concept, collaborative office space in the city so that we continue our mission for all of our employees – to be a best ‘CareerPlace’,” Marcus adds.

Warren Averett Technology Group Among Top 150 Managed Service Providers

Birmingham, Ala.-based Warren Averett (FY15 net revenue of $115.4 million) announces that the Warren Averett Technology Group was ranked in the top 150 managed service providers in the world on the MSPmentor 501 ranking.

MSPmentor 501 is the IT channel’s largest and most comprehensive list of leading managed service provider (MSP) organizations worldwide. View the full article here.

To qualify for the 2016 MSP 501 ranking, MSPs were asked to submit confidential applications complete with their 2015 financial results, as well as revenue verification from a certified financial professional. Warren Averett Technology Group was recognized as the 140th firm in the MSPmentor 501 ranking worldwide.

“We are excited to be recognized on this global list of MSP organizations,” says Jason Asbury, president of Warren Averett Technology Group. “We are grateful to our clients, and strive to provide the highest level of solutions and service to help our clients thrive.”

Baker Tilly Grows Specialty Tax Practice in Michigan

Brian Simmons

Brian Simmons

Chicago-based Baker Tilly Virchow Krause (FY16 net revenue of $522 million) announces that Brian Simmons has rejoined the firm as a partner in Michigan’s specialty tax team. Simmons brings more than 20 years of specialized personal and business entity tax planning experience.

“We are excited to add someone of Brian’s caliber and experience to our Baker Tilly partnership,” says Tom Minielly, partner and Baker Tilly Michigan specialty tax leader. “Brian’s depth of knowledge in a variety of industries combined with his understanding of the marketplace will be instrumental in providing valued business advice and tailored tax solutions to our clients.”

Prior to joining Baker Tilly, Simmons served as CFO of an independent consulting firm.

Citrin Cooperman Pilots New Business Alliance

IPA 100 firm New York-based Citrin Cooperman (FY15 net revenue of $207 million) has announced a new program – the Citrin Cooperman Business Alliance.

The firm will offer a variety of technical services, continuing professional education, and soft skills training to CPA firms to help them maintain clients, grow connections and improve overall profitability.

“We are anxious to test pilot this program as we believe many CPA firms can use our resources to help them maintain and grow their business,” says Joel Cooperman, Citrin Cooperman’s CEO. “The Citrin Cooperman Business Alliance will offer our members access to a customized suite of resources and services that speak to their unique needs.”

Alliance members range from mid-size, regional CPA firms to small boutique firms and private practices throughout the United States. Citrin Cooperman will offer services under four key areas, including:

Citrin Cooperman University (CCU) – Technical training on core audit, tax and accounting, and soft skills on leadership, business, and personal development.

Marketing consulting – A menu of marketing services to help members build and maintain brand position in their markets.

Infrastructure support – Resources that can assist with consulting or more hands-on support for a variety of internal operations.

Technical support for specialty services – A range of technical resources that can assist with providing support in areas such as audit quality control, international tax, valuations, litigation support, state and local tax, transaction advisory services, technology consulting, etc.

RKL Tax Partner One of Region’s “Forty Under 40” Leaders

Kevin Eisenhart

Kevin Eisenhart

Lancaster, Pa.-based Reinsel Kuntz Lesher (FY15 net revenue of $57 million) has announced that tax partner Kevin Eisenhart has been named by the Central Penn Business Journal as one of its 2016 “Forty Under 40” young leaders.

“Kevin quickly emerged as a firm leader due to his active role in RKL’s success, his deep commitment to client service excellence and his dedicated service to his community,” says RKL CEO Edward Monborne. “We’re proud to see him recognized among the best and brightest professionals in Central Pennsylvania.”

Throughout his 12-year professional career, Eisenhart has provided tax services for individuals and closely held businesses across a wide variety of industries, including architectural and engineering firms, construction companies, real estate developers and manufacturers. Since his admittance to the RKL partnership in January 2016, he continues to help his clients build value through a strategic approach to tax planning and compliance. He has also served as an Adjunct Instructor in York College’s MBA program.

Eisenhart and the rest of the 2016 class will be honored at a ceremony in Harrisburg, Penn., on Nov. 21.

RKL Appoints New Tax Department Head in Lancaster Office

Wendy Lance

Wendy Lance

Lancaster, Pa.-based Reinsel Kuntz Lesher (FY15 net revenue of $57 million) has announced that Wendy Lance has been named department head of the tax services group in the Lancaster office.

Lance takes over from Eric Wenger, who was recently named MP of the Lancaster office. As department head, Lance will oversee administrative, personnel and financial matters for the tax department, working closely with firmwide tax leadership to ensure consistency and cohesion in client service across the tax practice.

Lance will continue to provide and manage strategic tax planning and compliance services for corporations, partnerships and individuals.

Fortune Calls Crowe Horwath a Great Place to Work for Women

Chicago-based Crowe Horwath (FY16 net revenue of $745.2 million) has been named to the Fortune 100 Best Workplaces for Women list, the firm announced.

The list is based on feedback from nearly 138,000 women at Great Place to Work-certified companies. According to Fortune and Great Place to Work, the companies were selected based on their generous benefits, flexible schedules, emphasis on work-life balance, pay and promotion practices and the authenticity of manager communication.

Julie Wood, Crowe chief people officer, said women, in many ways, have led the way to build an inclusive culture at the firm. “Important issues, such as parental leave and the need for flexibility in integrating work and life priorities, have traditionally been viewed as women’s issues, but they’re actually issues for the majority of our people,” Wood says. “Having women’s perspectives and voices at the table is helping to drive changes that ultimately help everyone at the firm.”

Over the past year, Crowe has made many changes to its personnel benefits and policies, breaking industry norms with the implementation of its mobility strategy. The strategy includes a “What to Wear” policy, which allows individuals the option to dress casually while in the office, and a “Where to Work” policy that allows people to work where they’ll be most productive. So far, more than 90% of Crowe people have taken advantage of the latter policy, whether it’s working from home so they can drive their children to school, working at a coffee shop to minimize commute time or working at a client site when they are leading a project. Additionally, Crowe provides its people with multiple wellness initiatives, childcare reimbursement during business travel and significant parental leave.

Crowe has a long history of focusing on women leadership and development. For example, the Women Leading @ Crowe program provides career and leadership development support to all women within the firm, from building a strong network and close collaboration across the senior women leaders of the firm to engaging young women as they begin their careers in the profession. Additionally, Crowe is extending its reach to consider a global view of women’s issues as it expands its international presence and continues to collaborate across member firms within the Crowe Horwath International network.

“The support I’ve received along the way from my colleagues, both men and women, is incredible,” says Wendy Cama, who was elected to chair the firm’s executive committee this past June. “As a mentor and leader within the firm, I’m proud to support Crowe as it continues to inspire women and builds an environment that betters the lives of our people through professional growth and opportunities.”