Archives for 2019

Jay Graham Joins Friedman as Tax Partner

Jay Graham

Jay Graham

New York-based Friedman LLP (FY17 net revenue of $101.5 million) announces that Jay Graham has joined the firm’s New York office as a tax partner.

Graham has more than 25 years of diversified public accounting experience with privately held C corporations, S corporations, partnerships and individuals in a variety of industries, including manufacturing, real estate, distribution, retail, technology and professional services. He is also knowledgeable regarding tax compliance and consulting and ASC 740.

His expertise includes:

  • Advising high-net-worth individuals, including business owners and their families, on tax planning and personal financial planning
  • Identifying federal and state tax-saving strategies for partnerships, S corporations, and C corporations in conjunction with tax planning for their owners and officers
  • Guiding clients through the complex provisions of the new tax law and regulations
  • Conducting in-house training sessions
  • Teaching tax courses before the Tax Executive Institute (TEI) on ASC 740 and mergers and acquisitions
  • Delivering real estate and partnership transaction review and consultation

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Councilor Buchanan & Mitchell Adds Daniel Weaver to Executive Team

Daniel L. Weaver

Daniel L. Weaver

Councilor Buchanan & Mitchell (CBM), with offices in Bethesda, Md., and Washington, D.C., announces that Daniel L. Weaver, a partner at the firm since 2011, has joined the executive committee.

CBM’s executive committee is composed of CBM president and MP Peter B. Reilly, Richard E. Morris, tax practice director, and Debora E. May, financial planning practice director. Patricia Drolet became chair of the board.

The change in the structure of the firm’s executive committee, enacted Jan. 1, means new perspectives in vision and decision-making voices to help determine the future direction of CBM, the firm announced.

In addition to his oversight role in the delivery of audit and assurance, tax preparation and advisory services to CBM’s for-profit clients, Weaver is director of the firm’s not-for-profit practice. He is also a regular presenter, having spoken in the past year at the Greater Washington Society of CPAs’ Nonprofit Symposium on new accounting standards, and has also presented on the impact of the Tax Cuts and Jobs Act.

“Dan has long shown outstanding leadership as lead of CBM’s not-for-profit practice,” says Reilly, “and we are confident that he will continue to bring new perspective to helping CBM chart a successful path into the future.”

Weaver will continue to lead the firm’s not-for-profit practice.

AICPA Financial Reporting Executive Committee Taps BDO’s Angela Newell as Chair

Angela Newell

Angela Newell

The AICPA has named Angela Newell as chair of the Financial Reporting Executive Committee, or FinREC.

Newell, based in Dallas, is a national assurance partner for Chicago-based BDO USA (FY18 net revenue of $1.46 billion). FinREC serves as the AICPA’s official voice on financial reporting matters and develops guidance on accounting for specific industries. The committee’s membership includes representation from business and industry, public practice and academia.

“Angela brings a unique skill set to FinREC, having experiences in both public accounting and industry, coupled with her deep knowledge of GAAP,” says Jim Dolinar, FinREC’s outgoing chair and a partner at Crowe LLP. Newell will succeed Dolinar after the committee’s May 2019 meeting.

In her role at BDO, Newell works with audit engagement teams to determine the appropriate accounting for a variety of topics. In addition, she has played a key role in the firm’s response to the new revenue recognition and leasing standards.

Prior to joining BDO, Newell served as vice president and corporate controller for Fiesta Restaurant Group in Dallas, and vice president of revenue assurance and corporate controller for Clearwire Inc. in Bellevue, Wash.

Crowe Introduces Lease Accounting Software Built for Government Entities

Chicago-based Crowe (FY18 net revenue of $888.6 million) has launched a new tool to help governments comply with recently adopted accounting rules related to leases.

Under the new rules, required by the Governmental Accounting Standards Board (GASB), government entities must analyze their current lease catalog. Crowe has created the Crowe Lease Accounting Optimizer to track, account for and report on lessee and lessor leases, Crowe announced.

The Crowe Lease Accounting Optimizer for public sector:

  • ​Tracks lessee and lessor leases
  • Automatically generates variable payments
  • Automates the lease payment processes and eliminates duplicate data entry, making lease accounting compliance less labor-intensive
  • Provides built-in audit controls and lease payment traceability
  • ​Performs instant cash flow and lease analysis

“Public entities can often be both a lessor and lessee, making their overall lease portfolio incredibly complex,” says Tom Reznicek, Crowe performance consulting principal. “We developed this tool to provide critical analyses and automate processes to not only help meet the GASB compliance standards, but also assist public sector entities in running their day-to-day operations better.”

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Saltmarsh Cleaveland & Gund Admits Doss Shareholder, Leader of Saltmarsh Financial Advisors

Christina Doss

Christina Doss

Pensacola, Fla.-based Saltmarsh Cleaveland & Gund (FY17 net revenue of $18.5 million) has admitted Christina Doss as shareholder. Additionally, as managing director, Doss will assume the leadership role of the firm’s investment management affiliate, Saltmarsh Financial Advisors LLC.

With more than 25 years of professional leadership and executive experience in the financial services and wealth management industry, Doss is responsible for client wealth management, financial planning and practice growth for Saltmarsh Financial Advisors LLC.

“We are thrilled to welcome Christina into our shareholder group,” says Lee Bell, president of Saltmarsh Cleaveland & Gund. “Her well-deserved appointment is a key step forward in our strategic plan for the continued growth and prosperity of Saltmarsh Financial Advisors. She succeeds Gregg Noble who has led this practice through many years of successful expansion and team growth.”

Prior to joining Saltmarsh in 2013, Doss was Pensacola City president and managing director of Private Wealth Management for the North Florida Division of SunTrust Bank, where she was responsible for managing a team of advisors who supported high net worth clients and business owners with comprehensive wealth planning, asset management and banking needs.

Her previous experience also includes 13 years with Charles Schwab Corporation, serving in several capacities, including Senior Director for Schwab’s West Coast Private Client Division responsible for managing over 100 portfolio managers and $8 billion in client assets, and Senior Sales Director for Schwab’s national Financial Planning Division.

Weaver Continues Rapid Expansion with Addition of In-House Counsel

Frank McElroy

Frank McElroy

Houston-based Weaver (FY18 net revenue of $127.1 million) announced the addition of its sixth new partner or director in four months. The newest partner is Frank McElroy who joined the firm as its in-house legal counsel. McElroy has more than a decade of experience guiding and defending CPAs. He will manage Weaver’s corporate legal needs and will be active in the firm’s contract and acquisition negotiation, quality review teams and risk management.

Weaver CEO and MP John Mackel says, “As the firm continues to grow, so does our need for legal expertise. Frank has worked with us as outside counsel on a variety of legal issues, including quality and risk management, contract matters and regulatory filings. His excellent work for Weaver and his commitment to the accounting profession made him our top choice for in-house counsel.”

Formerly the managing shareholder of Forrest McElroy PC, McElroy has spent more than 10 years guiding and defending CPAs, primarily on issues related to licensing, client disputes and litigation.

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Murray Elected Managing Shareholder at Weinstein Spira

Kristin Murray

Kristin Murray

Weinstein Spira of Houston announced that Kristin Murray has been elected the firm’s managing shareholder.

Murray succeeds Dianne Peckham, the firm’s first female managing shareholder who served for nine years. Peckham will continue serving her clients and acting as a resource until her retirement on June 30.

“I am delighted to lead Weinstein Spira into its next stage of growth, guiding the firm through the evolution of the accounting environment of the future. We know changes are coming and I am confident that our forward-looking approach will allow us continued success,” says Murray.

Murray brings a deep knowledge and solid experience in tax, change leadership and firm administration that will be integral in executing initiatives critical to meeting the firm’s strategic goals.

“I have worked closely with Kristin for the past 10 years, and I know she will be a great leader for Weinstein Spira,” says Peckham. “Her contributions and commitment to the firm have been immeasurable. I look forward to seeing where she takes Weinstein Spira in the years to come.”

After starting her career with an international public accounting firm, Murray joined Johnson Baur & Carrillo as a partner in 1998.  She later became a shareholder at Weinstein Spira when the two firms merged in 2008.

With more than 25 years of hands-on experience directing, delivering and supporting progressive firm processes and initiatives, Murray has been a critical driver behind Weinstein Spira’s push for increased efficiencies, valuable client service offerings and a welcoming culture. As managing shareholder, she will oversee firm operations, spearhead further innovation and foster the environment for an exceptional culture.

Hughes Joins CohnReznick as Partner, Federal Market Leader

Bill Hughes

Bill Hughes

New York-based CohnReznick LLP (FY18 net revenue of $623.7 million) announced that Bill Hughes has joined CohnReznick as a partner and will serve as the firm’s federal market leader. In his new role, Hughes will lead the firm’s federal practice where he will be responsible for the strategic direction, growth strategy, client service, practice development, recruiting, marketing and all other aspects of practice operations.

Hughes has more than 26 years of public accounting and consulting experience providing financial statement audit, audit readiness and remediation, internal controls, and risk management solutions to federal agencies and the private sector. Based in CohnReznick’s Tysons, Va., office, he was most recently a partner at Guidehouse (formerly PwC Public Sector LLP).

“CohnReznick is honored to add Bill’s leadership and extensive professional and technical capabilities to our team of dedicated government auditing and financial management professionals,” says Frank Banda, CohnReznick’s MP – public sector. “His expertise and track record in implementing effective audit programs and robust systems of internal controls across numerous executive departments of the Federal Government enhances the firm’s ability to help agencies improve financial performance, optimize processes, and ensure taxpayer funds are spent efficiently, effectively and for their intended purpose.”

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Daniels Joins UHY’s Board of Directors

James Daniels

James Daniels

Chicago-based UHY Advisors Inc. (FY17 net revenue of $140.8 million) announced that James Daniels, one of the firm’s managing directors, has been elected to join the firm’s board of directors.

UHY’s 7-member board is charged with the stewardship of the firm, representing all of the managing directors in guiding corporate strategy, as well as reviewing and approving annual budgets. Daniels’ term of office commenced Jan. 1.
“Jim is a highly accomplished tax expert and is a well-respected leader within our firm,” says Richard David, COO of UHY Advisors. “His experience representing our firm externally as well as advising C-suite level executives, small business owners, and municipalities in regard to tax issues will be a welcome addition to the board.”

“We have a very strong leadership foundation in place and Jim joins a seasoned board,” says Anthony Frabotta, chairman and board member of UHY Advisors. “Our board is a versatile team representing various geographic regions and professional specialties that bring unique and insightful perspectives to our firm.”
As a managing director with UHY Advisors NY Inc., Daniels leads the Albany office tax practice and oversees client services in areas of corporate, individual, estate and state and local tax issues.

More news from UHY Advisors Inc.

Johnson Admitted as New Audit Partner at Tanner

Grady Johnson

Grady Johnson

Tanner LLC (FY17 net revenue of $23.5 million) of Salt Lake City, announced that Grady Johnson has been admitted as a partner in the firm’s audit and assurance services practice.

Johnson joined Tanner in 2015 and has been in public accounting for more than 14 years. Prior to joining Tanner, he spent 10 years with a Big 4 accounting firm in Salt Lake City. He provides auditing, financial reporting and consulting services to a variety of clients in SaaS, technology, manufacturing, distribution, and consumer products sectors, as well as companies that have initiated debt and equity transactions and initial public offerings (IPOs).

“Grady is a valuable resource to companies that are preparing for acquisition and investment transactions,” says Jeff Bickel, Tanner’s MP. “He understands the issues they face in key areas like revenue recognition, stock-based compensation, equity arrangements, and regulatory requirements. Grady is so authentic and focused on the success of his clients. He is a great addition to the partner group at Tanner.”