DHG Admits Moses as Partner in Nashville’s Tax Practice

Eric Moses

Eric Moses

Charlotte, N.C.-based Dixon Hughes Goodman (FY17 net revenue of $404 million) admitted Eric Moses as a partner. Moses recently relocated from DHG’s Atlanta office to the Nashville, Tenn., office, where he will focus on the growth of DHG’s tax practice in the market.

Since joining the firm in 2005, Moses has concentrated on tax consulting and compliance with a focus on the manufacturing and agribusiness industries. He assists privately held corporate and flow-through entities and their shareholders with income tax planning, financing and recapitalization strategies, mergers and acquisitions, and succession and estate planning.

“Eric is an exceptional leader who is keenly focused on working as a team to deliver comprehensive solutions,” says Dennis Vick, tax MP. “His passion for the industry and his innovative approach to serving his clients makes him well-suited for this significant milestone in his career.”

“Eric’s leadership will be an asset to our team and our clients as we continue to pursue our mission of building valuable careers with our people and helping our clients achieve their goals,” says Paul Hopkins, Nashville OMP.

Abdo Eick & Meyers Promotes Cinnamon to COO

Jana Cinnamon

Jana Cinnamon

Edina, Minn.-based Abdo Eick & Meyers (FY16 net revenue of $21.8 million) promoted Jana Cinnamon to chief operating officer.

In this newly created role, Cinnamon will be responsible for operations of both the Edina and Mankato, Minn., locations and report directly to MP Steve McDonald. Prior to this role, Cinnamon was the firm’s talent manager and oversaw both talent recruitment and retention.

“Jana is a seasoned and trusted member of our team who consistently delivers results. We believe Jana’s new role will allow her to continue to help push the firm into the next phase, says McDonald.

BKM Sowan Horan Admits New Partner to Grow Dallas Practice

Karl Schwabauer

Karl Schwabauer

Dallas-based BKM Sowan Horan admitted Karl Schwabauer as partner as he continues to lead the forensic accounting, business valuation and litigation consulting group.

The firm has recently established an Austin, Texas office which provides a local presence with senior leadership that supports the firm’s existing partnership.

“Our strategy is to double the firm size in five years. The continued expansion of this strategic group will be a major component of our future growth,” says Rick Sowan, MP.

“It is exciting that all of our practice groups are equally committed to the firm’s growth goals, while we are all also on the same page regarding maintaining our commitment to taking the best possible care of our clients,” says Schwabauer.

Kutchins Robbins & Diamond Admits New Partner

Robert Eisenstadt

Robert Eisenstadt

Schaumburg, Ill.-based Kutchins Robbins & Diamond admitted Robert Eisenstadt as a partner. Eisenstadt joins KRD with more than 30 years public accounting experience in manufacturing, distribution and professional services. He provides a variety of accounting, tax and financial consulting to individuals and closely held businesses.

“We are excited to add Rob to our team, we share a common philosophy for excellent client service and Rob’s expertise will be a significant contribution to our firm,” says Allen Kutchins, co-MP.

Deloitte Targeted by Cyberattack

New York-based Deloitte (FY16 net revenue of $17.5 billion) has been targeted by a sophisticated hack that compromised the confidential emails and plans of some of its blue-chip clients, according to the Guardian.

Deloitte discovered the hack in March this year, but it is believed the attackers may have had access to its systems since October or November 2016.

According to the Guardian, the hackers had potential access to:

  • Usernames and passwords
  • IP addresses
  • Architectural diagrams for businesses
  • Health information
  • Email attachments with sensitive security and design details

The breach, which is believed to have been U.S.-focused, was considered so sensitive that only a few of Deloitte’s most senior partners and lawyers were informed.

Deloitte’s internal review into the incident is ongoing. The team investigating the hack is working out of the firm’s offices in Rosslyn, Va., where analysts have been reviewing potentially compromised documents for six months.

So far, six of Deloitte’s clients have been told their information was affected by the hack.

A Deloitte spokesman has stated:

In response to a cyber incident, Deloitte implemented its comprehensive security protocol and began an intensive and thorough review including mobilizing a team of cybersecurity and confidentiality experts inside and outside of Deloitte.

 As part of the review, Deloitte has been in contact with the very few clients impacted and notified governmental authorities and regulators. The review has enabled us to understand what information was at risk and what the hacker actually did, and demonstrated that no disruption has occurred to client businesses, to Deloitte’s ability to continue to serve clients, or to consumers.

 We remain deeply committed to ensuring that our cybersecurity defenses are best in class, to investing heavily in protecting confidential information and to continually reviewing and enhancing cybersecurity. We will continue to evaluate this matter and take additional steps as required. 

Rodman CPAs Acquires Minassian CPA, Admits Partner

Mark Minassian

Mark Minassian

Rodman CPAs of Waltham, Mass., has acquired Minassian CPA of Concord, Mass. Additionally, Rodman CPAs has admitted Minassian managing member, Mark Minassian as a tax partner.

“Minassian CPAs growth, profitability and tax specialty made the decision to combine forces an easy one,” says Steve Rodman, president of Rodman CPAs.

As the new tax partner at Rodman CPAs, Minassian will focus primarily on real estate, partnership tax and tax planning for high net worth individuals.

Minassian CPA worked with growth-oriented entrepreneurs and their companies, real estate investors, and individuals and families with complex tax issues.

HoganTaylor Acquires JPMS Cox

Tulsa, Okla.-based HoganTaylor (FY16 net revenue of $34.3 million) will acquire JPMS Cox of Little Rock, Ark., on Jan. 1.

“In track record, in culture, in expertise and focus on client service, these two firms fit hand in glove,” says HoganTaylor CEO Randy Nail. “By joining forces, we’re capturing tremendous synergy to create value for our clients, communities and employees. HoganTaylor gains a stronger presence in Arkansas, dozens of talented CPAs and support staff and several additional expert practice areas. JPMS Cox adds a deeper bench, increased capacity and specialized services like cybersecurity to better serve its growing client list.”

JPMS MP Gary Cooper agreed that the firms have “complementary skills, teams and industry expertise” and that the merger would help the firm bring more specialized services to clients and better serve them.

HoganTaylor has three main service lines: assurance, tax and advisory services. Niche services include cybersecurity, human capital services and outsourced CFO services.

JPMS has six divisions: tax; audit and other assurance; employee benefits; valuation; forensic and litigation support; and strategic business solutions. Specialized practice areas serve the construction, nonprofit, financial institution and real estate sectors.

Walthall CPAs and Rea & Associates to Merge

New Philadelphia, Ohio-based Rea & Associates Inc. (FY16 net revenue of $40.6 million) will merge with the Cleveland-based Walthall CPAs, effective Nov. 1. The merger will feature a team of more than 300 professionals who serve clients from 13 offices across the state of Ohio.

“When you look at how long Walthall has been around, where the firm is situated in the state and their strong community-minded and client service-focused culture, bringing our two firms together just makes sense,” says Don McIntosh, CEO of Rea & Associates.

“If you’ve worked with the Walthall team in the past, you’ll be glad to learn that this merger will have no impact on your fees or on the quality of service,” says Richard Lash, MP of Walthall. “Our client service teams will stay intact and you will continue to receive the stellar service we’ve always taken great pride in providing. Only now, we will be able to offer a wider array and greater depth of services.”

Huffman of Frazier & Deeter Receives 40 Under 40 Award

Clay Huffman

Clay Huffman

Clay Huffman, a senior manager at Atlanta-based Frazier & Deeter (FY16 net revenue of $74 million), has been named by the CPA Practice Advisor as a recipient of the 2017 40 Under 40 Award. Huffman was selected because of his track record as a leader within the accounting industry.

40 Under 40 Awards recognizes and honors young leaders who are helping to positively shape the accounting and tax profession.

“Clay Huffman has demonstrated exceptional leadership within Frazier & Deeter, the community and the accounting industry,” says Seth McDaniel, MP.

Huffman started practicing public accounting in 2007 with a Big 4 firm, after receiving his BBA and MAcc from the University of Georgia. In 2012, he joined the audit practice of Frazier & Deeter, where he focuses on clients in manufacturing, distribution, construction, aviation and professional services.

During Huffman’s time at Frazier & Deeter, he has been recognized by clients and colleagues for his level of excellence in client service and willingness to go the extra mile for his clients and firm. In 2015, Clay was appointed by Georgia Governor, Nathan Deal, to serve on the Georgia State Board of Accountancy, where he currently serves as vice chair.

“We are fortunate to be surrounded by so many young professionals who are sharing their ideas, skills, and enthusiasm with the goal of making the accounting profession a better place. Change is occurring rapidly in our profession and this year’s award winners are embracing and welcoming the changes,” says CPA Practice Advisor Editor-in-Chief Gail Perry. “They are strong, dedicated, spirited leaders and we are proud to recognize these professionals as the 2017 ’40 Under 40 in the Accounting Profession.

Crowe Horwath Acquires Rowbotham International

Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) will acquire San Francisco-based Rowbotham International on Oct. 30. Crowe will welcome Rowbotham’s four partners and 20 professionals people and incorporate its operations.

Rowbotham provides a full range of domestic and international tax and audit compliance services, as well as advisory services. Its professionals include accountants, attorneys and consultants. The firm has industry experience in information technology, software, bio technology, real estate, distribution, hotel and leisure services, media, financial services and entertainment.

“Rowbotham’s focus on international markets is a great fit for our continued expansion as a global firm,” says Crowe CEO Jim Powers. “Crowe’s brand promise is to help our clients and our people make smart decisions to create lasting value. With the global market continuing to grow, this is definitely a smart decision that we believe will build lasting value for the future.”

“Crowe is making a major commitment to expanding its California presence and was fortunate to find one of the top tax boutiques in the country in Rowbotham,” says Allan Koltin, CEO of Koltin Consulting Group, who (along with Chris Frederiksen) advised both firms on the combination. “Rowbotham was approached by approximately a half dozen national and mega regional firms and in the end selected Crowe for it’s great culture, leadership, innovation and global network.”