Archives for 2020

Daniel Nickischer Named Partner at RKL

Lancaster, Pa.-based RKL LLP (FY18 net revenue of $82.5 million) has announced that Daniel Nickischer has been admitted as a partner.

“We are proud to welcome Dan to the RKL partnership,” says RKL CEO Edward Monborne. “We know his focus on delivering proactive client service, deepening his specialized knowledge and giving back to the community will help advance the growth and success of the RKL team.”

Nickischer provides financial, accounting and tax services to both individuals and businesses. He also specializes in accounting for employee stock ownership plans. His expertise is in the manufacturing and distribution and real estate and construction industries.

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Sacco Named Latest Addition to Friedman Management Committee

New York-based Friedman LLP (FY18 net revenue of $117 million), has expanded its management committee to include partner Michael Sacco.

Sacco brings more than 20 years of professional experience to the management committee. He has developed several practices within the manufacturing, distribution and retail group, including consumer products, diamond and jewelry, and fashion. He focuses on tax, audit and business advisory work to help clients grow and improve operations. supporting growth initiatives and uncovering opportunities to improve key operations.

His election to the management committee reflects the firm’s efforts to enlist young leaders in the firm’s long-term development.

Harriet Greenberg, Friedman co-MP, says, “His role on the management committee will allow Friedman to reap the benefits of his insight and leadership well into the future.” Friedman co-MP Fred Berk adds, “Mike embodies Friedman’s values. He is client-service oriented, possesses amazing technical expertise and is an enthusiastic mentor to his colleagues.”

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MGO Announces New OMPs

Los Angeles-based MGO (FY18 net revenue of $60.4 million) announced three personnel changes.

Maria Sanjurjo will serve as MGO’s OMP of the Bellmore, N.Y., office on Long Island. She joined the firm when it acquired Schwartz & Company, where she served as an assurance partner. She works with investment advisors, investment funds, high-net-worth individuals and middle market companies.

Steven Kreit will serve as OMP for the New York office, where he leads the firm’s SEC practice. He leads training sessions on assurance topics, including Section 404 of the Sarbanes-Oxley Act, audit methodology and risk-related issues.

Richard Paris, formerly the OMP in New York, will move into the role of leader of the tri-state area (Connecticut, New Jersey and New York). He will focus on growing MGO’s services including assurance, tax and advisory services as well as MGO’s China practice.

“Our firm’s remarkable growth throughout the East Coast is largely due to the strength and vision of our leadership team,” says MGO CEO and MP Kevin O’Connell. “As we continue on our upward trajectory, these leaders’ expertise is increasingly important.”

MGO began on the West Coast, but has since expanded to the Midwest, New York and the East Coast. Staff now number more than 475.

“With the cohesion of these spectacular teams, we continue to see growth in other areas, not just in the U.S., but abroad as well,” O’Connell says.

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Marks Paneth Announces New Partner in the Financial Services Practice

New York-based Marks Paneth (FY18 net revenue of $136 million) has announced the addition of Philip DeRosa as attest partner in the firm’s financial services practice.

To this role, DeRosa brings more than 20 years of experience in the financial services sector, particularly with alternative investment firms.

DeRosa joins an established team that helps clients – including private equity firms, hedge funds, broker-dealers and investment advisors – navigate regulatory and compliance requirements and facilitate new growth opportunities by providing a wide range of attest, tax and advisory services.

His expertise in investment performance services, including compliance with global investment performance standards (GIPS), giving investors confidence in the integrity of performance presentations and the transparency to evaluate investment managers appropriately.

MP Harry Moehringer says, “Although we have had a financial services practice for quite some time, we will leverage Phil’s expertise to grow our practice and provide clients with the invaluable guidance and resources they need as the financial markets continue to evolve.”

Prior to joining Marks Paneth, DeRosa helped direct and grow the financial services practices of several large accounting firms, including the Big 4. He is based in the firm’s New York headquarters.

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George Cobleigh Joins CBIZ as Managing Director

Cleveland-based CBIZ (FY18 net revenue of $785 million) has expanded its private equity/venture capital practice with the addition of George Cobleigh as managing director in the Providence, R.I., and Boston offices.

“With over 30 years of tax experience, including more than 15 years at one of the world’s largest private equity firms and over 15 years at one of the Big 4 accounting firms, George provides both industry perspective and a depth of expertise that will greatly benefit our private equity clients,” states Scott Wragg, senior managing director of the CBIZ New England offices.

Prior to joining CBIZ, Cobleigh served as the director of tax at Providence Equity Partners, leading all tax functions at the firm. Prior to that, he worked at EY for more than 15 years.

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Wiss & Company Announces Promotions

Livingston, N.J.-based Wiss & Company (FY18 net revenue of $39.2 million) announces that Brian Glavotsky has joined the Wiss private client advisory practice as a partner in the tax services group, where he will serve as an international tax expert with a focus on high-net-worth individuals.

The firm also announces the admission of Amos Gibello to partner specializing in accounting and consulting for engineering firms, Carolyn Hall to PIC of the outsourced accounting practice and Arfa Scott to partner, specializing in trusts and estates.

“Our advisory services have grown significantly over the past few years, particularly as it relates to our private client advisory group. Brian will help navigate our high-net-worth clients through the opportunities and intricacies of state, federal and international tax law,” says MP Paul Peterson. “We are really proud to recognize Amos, Carolyn and Arfa with promotions to partner. They have each established themselves as true experts and leaders in their respective areas of practice.”

Glavotsky joins Wiss & Company from Raich Ende Malter & Co., where, for nearly a decade, he has advised high-net-worth individuals on their tax strategies.

Gibello joined Wiss in 2002 and works with companies that range in size from single contracts to those with MBE, DBE or WBE certificates as well as multi-state engineering firms and organizations with multiple divisions and complex structures.

Hall pioneered the outsourced accounting in-the-cloud division at Wiss and works with clients in various commercial industries, real estate companies and professional service firms.

Scott has been in the trusts and estate field for over 15 years and focuses primarily on estate and gift planning, succession planning and related compliance matters.

Allinial Global Welcomes New Member Strothman and Company

Allinial Global welcomes a new North American member – Louisville, Ky.-based Strothman and Company, which has additional offices in Middletown, Ky., and Jeffersonville, Ind.

Formed in 1983, Strothman and Company provides a range of integrated services, including assurance/audit, tax, strategic advisory services and entrepreneurial business solutions. Their industry expertise spans multiple sectors, including construction, creative services, government, health care, manufacturing and distribution, nonprofits, professional services, real estate, retail, technology and software.

“In addition to helping us enhance our geographic coverage, Strothman’s commitment to integrated and personalized client service makes them a great match for Allinial Global as we continue to focus on providing client-centric solutions,” says Terry Snyder, Allinial Global’s president and CEO.

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BDO Alliance Welcomes 5 New Firms

BDO Alliance USA, the alliance of independently owned accounting, consulting and service firms, welcomes five new CPA firms as members.

The new members are: Tulsa, Okla.-based CCK Strategies, San Francisco-based Bregante+Company (FY18 net revenue of $10.6 million), Martin DeCruze & Company of Stamford, Conn., Fasten Halberstam of New York, and Hall & Company CPAs & Consultants of Irvine, Calif.

The BDO Alliance USA now has 215 CPA member firms in over 500 locations nationwide.

CCK Strategies serves small and middle-market companies, entrepreneurs and wealthy families in the greater Tulsa, Okla., and Frisco, Texas, marketplaces. They specialize in serving manufacturing, real estate, oil and gas, and health care-related businesses.

Bregante+Company serves closely held businesses and high-net-worth individuals throughout northern California.

Martin DeCruze & Company serves private equity firms, closely held businesses and high-net-worth individuals primarily throughout Fairfield County, Conn.

Fasten Halberstam serves high-net-worth individuals and privately held businesses, with a specialization in real estate and health care, primarily throughout the New York metropolitan area.

Hall & Company CPAs & Consultants serves privately held businesses, SEC clients and high-net-worth individuals primarily throughout Southern California. They specialize in serving real estate/construction, law firms and manufacturers.

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6 Promoted in Skoda Minotti-Marcum Merger

New York-based Marcum (FY18 net revenue of $549.7 million) announces the promotion of six key executives in its Midwest region into local, regional and national leadership roles.

The move elevates business leaders who joined Marcum through the firm’s merger in December 2019 with Cleveland-based Skoda Minotti (FY18 net revenue of $59.4 million). The firm added 31 partners, more than 190 associates, and four offices as a part of the combination.

The promoted executives are:

  • Patrick Carney, who will become Marcum’s Midwest COO.
  • Alyson Fieldman, who will step into the role of Marcum’s chief marketing strategy officer.
  • Danielle Gisondo, who will become OMP of the Mayfield Village, Ohio, office.
  • Ken Haffey, who will serve as PIC of national M&A.
  • Laura Rohde, who will become the chief learning officer at Marcum.
  • Heidi Williams, who will join Marcum Search as executive vice president.

“These talented professionals have helped shape Skoda Minotti and we are grateful to provide them with the opportunity to continue their legacy of success on the national level,” says Greg Skoda, senior partner at Marcum.

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McGuire Sponsel Adds 6 Professionals to Atlanta Cost Segregation Practice

McGuire Sponsel of Indianapolis, a specialty tax consulting firm, has added six professionals to expand its Atlanta cost segregation practice, formed in the 2019 merger with Ernst & Morris of Marietta, Ga.

Cost segregation is the process of identifying property assets in order to optimize depreciation deductions for federal tax purposes. The practice has gained popularity in recent years as an effective financial tool.

In addition to cost segregation, the firm provides research and development tax credit studies, international tax, and credits and incentives. McGuire Sponsel shareholder David McGuire is a national expert on cost segregation, fixed assets and depreciation law.

“With the recent passage of Tangible Property Regulations, the PATH Act and the 2017 Tax Cuts and Jobs Act, industry professionals are consulting more closely with specialty firms, moving away from the idea of cost segregation and other specialty tax services as commodities,” says McGuire. “The addition of these expert professionals positions our firm for continued success.”

The Atlanta professionals are:

Craig Fouts, manager of the Atlanta cost segregation practice, has relocated from Indianapolis. Fouts will serve as the technical lead for the practice and will be responsible for client consultations, leading the project review process and training employees as well as oversight of day-to-day operations.

Daryl Letlow, cost segregation tax manager, formerly with Ernst & Morris, will review client costs associated with construction and the acquisition of property and analyze accounting documents to maximize client tax benefits.

Michael Hammel, tax consultant, will focus on client service and providing credits and incentives consultation to a variety of partners in the region.

Davis Wilhoit and Kareer Kharleed, tax consultants, will conduct cost segregation studies by identifying a building’s qualified assets and associated costs, then classifying those assets to optimize the client’s depreciation deduction.

Mark Huston, tax consultant, is relocating to McGuire Sponsel’s Atlanta office from the Indianapolis headquarters. Huston will provide risk advisory services and prepare tax credit calculations and data analyses for the firm’s research and development tax credits practice.

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