Search Results for: HMWC

Eide Bailly Merges in HMWC

Fargo, N.D.-based Eide Bailly (FY19 net revenue of $341.7 million) has merged in Tustin, Calif.-based HMWC CPAs & Business Advisors (FY19 net revenue of $17.9 million).

The deal, effective May 18, will add 13 partners and 80 staff to Eide Bailly and a new office in Orange County, Calif., in addition to the 10 it already operates in the state.

“The addition of HMWC enhances our California team with a strong commitment to client service, talented staff and a culture that matches our own dedication to being a firm of choice for clients and staff,” says MP and CEO Dave Stende.

HMWC , founded 52 years ago, specializes in medical, dental, construction and real estate clients.

“Joining forces with Eide Bailly will help us serve our clients even better by allowing us to offer additional resources and services to our clients that will help them achieve their goals,” says MP Steve Williams. “We will be able to enhance our ability to serve our clients with additional expertise and talent in areas such as technology consulting, specialized tax services and more that will help them succeed in today’s business environment.”

He adds that staff will also benefit with opportunities for learning and professional growth “to pursue their passions, which in turn will enrich our clients’ experiences.”

Koltin Consulting Group and Gary Shamis of Winding River Consulting advised both two firms.

“HMWC had opportunities with many regional and national firms, but the culture match with Eide Bailly, as well as the leadership and growth opportunities for both clients and their people, made this a great match between two high-performing and well-respected firms,” says Allan Koltin, CEO of Koltin Consulting Group.

Eide Bailly will have more than 350 partners and 2,500 staff after the merger takes effect.

More news from Eide Bailly and HMWC.

HMWC Conquers Big Sur Hike, Its 41st Team-Building Event

Professionals, friends and clients of Tustin, Calif.-based HMWC CPAs & Business Advisors (FY19 net revenue of $17.9 million) have covered 15 miles of hikes in the Big Sur area of the central California coast, marking the firm’s 41st annual team-building hiking trip.

The hike, which was held over several days and included participants aged 5 to 76, is part of an effort to create a work environment that fosters “trust, initiative, loyalty, work/life balance, and mutual employer/employee success,” the firm says.

The annual “Death March,” so-named because of the physical challenges, was started in 1979 by then-MP Gerry Herter, who has attended all 41 outings. According to Herter, the event is rigorous but fun. “With the intense demands placed on members of the accounting profession nowadays, the Death March provides an enjoyable opportunity for team-building amidst some of the most spectacular scenery North America has to offer,” says Herter, who wrote a book about the tradition: Ledgers to Ledges, Four Decades of Teambuilding Adventures in America’s West.

Previous Death March events have been held in national park around the West: Yellowstone, Grand Teton, Grand Canyon, Glacier, High Sierra, Yosemite, Sequoia, Channel Islands and Crater Lake. Hikes have also covered portions of Kauai in Hawaii, Rogue River-Siskiyou National Forest in Oregon and California, and Banff National Park in Alberta, Canada.

More news from HMWC

HMWC CPAs Remembers Marilyn Millare

Marilyn Millare

Marilyn Millare

Tustin, Calif.-based HMWC CPAs & Business Advisors (FY17 net revenue of $11 million) joins family and friends in remembering former partner Marilyn Millare, who passed away in late March.

She joined the firm in 1977 and was named partner in 1985. For many years, Millare headed up the firm’s tax department. With her strong expertise in real estate and pension plans, she worked with many sophisticated real estate clients. In addition, she sat on the board of CRS, the firm’s pension administration company. Millare, the first female partner at the firm, retired in 2013.

“She was doing her part to help advance the cause of female leadership in the business world,” says retired partner Gerry Herter. When the firm changed its name, Millare became the ‘M’ in HMWC.

The firm says that she was a trailblazer. At the time of her retirement, the firm had 50% female partners. And today, the firm maintains a 50% parity of females to males in leadership positions. That is a tribute to Marilyn’s legacy. She will be sorely missed.

HMWC CPAs & Business Advisors Acquires Kelley Associates

Tustin, Calif.-based HMWC CPAs & Business Advisors (FY17 net revenue of $11 million) acquired Kelley Associates Inc., of Lake Forest, Calif.

“The addition of Kelley Associates, Inc. complements HMWC’s core strengths in comprehensive and complex tax planning, and service to businesses and individuals involved in real estate transactions and ownership. This merger adds very competent professionals as well as important clients to HMWC,” says Steve Williams, HMWC’s MP.

Kelley Associates, Inc. is headed by Barbara Kelley who has more than 30 years of tax and business consulting experience, including experience at Deloitte and Moss Adams. An associate at the firm will join Kelley in the merger.

Kelley Associates specializes in real estate and wealthy individuals. The firm’s services include real estate taxation, accounting and taxation for businesses and individuals, business advisory services, entity selection and complex estate and wealth protection planning.

HMWC Acquires Wiederman & Chamberlain CPAs

HMWC CPAs & Business Advisors (FY17 net revenue of $11 million) of Tustin, Calif., acquired Wiederman & Chamberlain CPAs, also of Tustin.

Wiederman & Chamberlain was formed in 1989, specializing in serving dental practices. Their services include accounting, tax compliance and planning, financial planning and retirement planning. Art Wiederman and Pamela Chamberlain will join HMWC as partners in the firm.

“Adding the exceptional professionals at Wiederman & Chamberlain is a strategic addition to our Healthcare Services department. Health care is one of HMWC’s largest industries served and the addition of Art, Pam and their entire staff will play a very significant role in our continuing growth and services to the entire spectrum of medical and health care practices in California,” says Steve Williams, MP at HMWC.

HMWC CPAs & Business Advisors Admits Two Partners

Glenn Carniello

Glenn Carniello

Tustin, Calif.-based HMWC CPAs & Business Advisors (FY17 net revenue of $11 million) admitted Glenn Carniello and Rachel Rico as partners.

Carniello has more than 25 years of experience in public accounting. He will serve clients as a partner in the firm’s business assurance services department and will supplement and enhance the firm’s construction practice serving general contractors, subcontractors and specialty trade contractors. He also serves clients in the engineering, manufacturing and distribution, and technology consulting sectors.

Rachel Rico

Rachel Rico

Rico has more than 20 years of experience in public accounting. She will serve clients as a partner in the firm’s business assurance services department, providing financial statement audits, review and compilations. She will also advise clients in business advisory services, such as mergers and acquisitions, tax planning, cash flow management, bid rate analysis and overhead analysis. Rico’s industry experience includes construction, franchisors, manufacturing and distribution, service and not-for-profit.

HMWC Packs 750 Lunches for Homeless

As part of the firm’s community and philanthropic efforts, management and staff of HMWC CPAs & Business Advisors of Tustin, Calif., (FY16 net revenue of $9.3 million) recently volunteered to help feed the homeless in Santa Ana.

Through the charity #HashtagLunchbag, the group of volunteers made, packed and distributed over 750 lunches for homeless people in Santa Ana, including writing personal notes of encouragement. Volunteers at #HashtagLunchbag meet once a month and donations are $20 per person to pay for the food supplies. HWMC also gave a corporate donation to support the charity.

Through #HashtagLunchbag, volunteers create and use bagged lunches, complete with love messages, as a means to help and inspire others.

HMWC CPAs Partners with Riverside County Medical Association

HMWC CPAs and Business Advisors of Tustin, Calif., (FY14 net revenue of $7.3 million) has been selected by the Riverside County Medical Association (RCMA) as a “business partner” for physicians who need accounting, tax and business consulting services, the firm announced.

According to the RCMA, which is comprised of more than 1,000 physicians practicing medicine throughout Riverside County, “RCMA business partners are dedicated to offering special services or discounts to RCMA members on various products and services designed to accommodate the business needs of physicians.”

HMWC MP Steve Williams says, “It is an honor for us to be able to work with the RCMA in serving physicians in Riverside County. The fact that RCMA asked us to be a business partner, after passing their strict standards, was a huge compliment to our firm and further validates our commitment to serve the Riverside County health care community.”

HMWC specializes in business strategies for health care professionals. The firm offers a wide range of services, including sophisticated techniques to help a health care practice improve productivity, reduce costs and maximize reimbursement.

HMWC Staff Lend a Hand at Orange County Rescue Mission

As part of the firm’s community and philanthropic efforts, 26 management, staff and family members of HMWC CPAs & Business Advisors (HMWC) of Tustin, Calif., (FY15 net revenue of $8.3 million) volunteered Dec. 5 to help the Orange County Rescue Mission.

HMWC helped prepare the day’s meals and organize the canned food warehouse. HMWC also held an in-house food drive, which contributed a substantial amount of the most-needed canned and pantry items to help feed Orange County’s homeless.

Orange County Rescue Mission is the county’s largest privately funded human service agency for the poor and homeless, providing a range of services including food, housing, medical assistance, education and employment training.

HMWC Volunteers Clean Up Upper Newport Bay

HMWC CPAs & Business Advisors (HMWC) of Tustin, Calif., (FY15 net revenue of $8.3 million) helped clean up the Upper Newport Bay Ecological Reserve recently as part of the statewide California Coastal Cleanup Day.

Eighteen management, staff and family members of the firm ventured into the marsh to help remove more than 20,000 pounds of trash and recyclables. HMWC was also one of the major sponsors of the annual clean-up day, which draws more than 1,000 volunteers for the Newport Bay Conservancy.

Coastal Cleanup Day is the only day of the year when volunteers are allowed to enter many sensitive areas of the bay, where trash washes in from surrounding cities, polluting the bay’s waters, harming its wildlife and threatening public health.

Upper Newport Ecological Reserve totals 752 acres. This coastal wetland, one of the largest in southern California, is one of the finest bird watching sites in North America. During winter migration up to 35,000 birds may be using the bay at one time, including several rare or endangered species. Considered a “critical estuary” habitat, Upper Newport Bay is one of the most pristine remaining estuaries in Southern California.