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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Andrew Hicks Joins Frazier & Deeter as VP of Risk Assurance and National Practice Leader

Atlanta-based Frazier & Deeter (FY18 net revenue of $96 million) announces that Andrew Hicks has joined the firm as national practice leader for HITRUST and vice president of risk assurance.

“Andrew’s extensive experience with security risk and controls, particularly within the HITRUST framework, makes him an excellent addition to our team,” says Sabrina Serafin, partner and national practice leader of process, risk and governance.

Hicks specializes in working with organizations to adopt, implement and manage information security programs, specifically related to HITRUST, HIPAA regulatory compliance, risk management and SOC examination procedures. His knowledge of the health care marketplace will also allow the firm to improve its existing assessment and advisory services to overcome information security compliance and regulation challenges, the firm says.

“I’ve had the pleasure of working with hundreds of organizations looking to overcome regulatory and compliance challenges,” notes Hicks. “What interests me most about FD is taking my knowledge of the marketplace and investing in innovative solutions that create tremendous customer value, while simplifying the compliance journey.”

Prior to joining the firm, Hicks was vice president of health care services at Coalfire, where he built a national practice.

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Leadership Team Expands at Wegner CPAs

Jason Stephens

Jason Stephens

Madison, Wis.-based Wegner CPAs (FY18 net revenue of $18.6 million) has admitted Jason Stephens as a partner in the assurance department.

“Wegner CPAs is invested in the growth and development of our talented team members. Jason has proven to be a true leader in all aspects and has been a key contributor to our success throughout the years,” states MP Glenn Miller.

Stephens helps clients find and implement operational improvements, while remaining compliant to the special regulations for commercial and tax-exempt organizations that receive state and federal funding.

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Ernst & Young Aims to Become Carbon Neutral

Big 4 firm Ernst & Young (FY18 net revenue of $14 billion) plans to reach carbon neutrality globally by the end of the year.

Ernst & Young says the firm will focus on reducing travel emissions, following sustainable procurement practices, and buying more energy from wind and solar sources. In addition, the firm anticipates purchasing carbon credits, and investing in projects such as reforestation that can help address emissions, according to environmentalleader.com.

Previous steps to reduce the firm’s carbon footprint include:

  • Designing an environmental strategy that aligns with the United Nations Global Compact
  • Working with hotel suppliers to lower emissions from Ernst & Young employees
  • Introducing global supplier code of conduct and procurement environmental criteria

Between FY17 and FY19, Ernst & Young says the firm decreased office energy emissions by more than 11%, resulting in a 25% reduction in energy emissions per full-time employee.

The firm has agreed to finance and construct two large-scale wind farms in Texas to become 100% powered by renewables this year. In the UK, the firm says it is pursuing a solar agreement for its power demands there.

EisnerAmper Promotes 3 Partners to Vice Chair Positions

New York-based EisnerAmper (FY19 net revenue of $380.6 million) has named three of its partners and key leaders to the newly created role of vice chair.

Michael Breit has been named vice chair for strategic relationships. He will oversee existing client relationships and the cultivation of new ones to help the firm meet its growth goals. He is currently PIC of the sports and entertainment group and was previously the PIC of the New York office.

Christopher Loiacono has been named vice chair for services. Loiacono is responsible for the growth and quality of service offerings. Duties include oversight of the firm capabilities, capacity, training and quality control procedures. Loiacono is also a leader in the tax services group and was previously the MP of services.

Jay Weinstein has been named vice chair for industries and markets. He is responsible for executing business strategies for existing markets and segments and identifying emerging opportunities. He will also oversee innovation and technology initiatives. Most recently, he was the PIC of the New Jersey office and MP of markets and industries.

“We’ve grown dramatically over the past several years, expanding our geographic footprint, adding hundreds of talented colleagues along with the latest technologies, and introducing many new service offerings to deepen our client relationships,” says Charly Weinstein, EisnerAmper CEO.

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Firm Welcomes New Partner Michael VanderKlugt

San Francisco-based BPM (FY18 net revenue of $99.5 million) has hired Michael VanderKlugt and admitted him as a partner to lead the firm’s life science industry group.

The group serves diagnostic, therapeutic, medical device and digital health companies along the West Coast and beyond.

VanderKlugt comes to BPM after nearly 30 years at Deloitte, where he helped lead the life sciences team as it grew significantly. He will work with private companies in the growing industry, including adopting the new revenue recognition and lease accounting standards, applying for R&D credits, and supporting their finance and accounting functions through technical accounting, valuation and staffing needs.

“In other industries, audit isn’t life or death – but it could be for a life science company’s customers,” he says. “These companies have a passion for the success of their products and developing something that can provide help to disease-stricken individuals. It’s a more positive environment, and I find myself getting linked into their goals.”

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Calibre CPA Group Admits Two Professionals to the Partnership

Bethesda, Md.-based Calibre CPA Group (FY18 net revenue of $33.5 million) has admitted Rudy Coertzen and Patty Lovett to the partnership group.

Coertzen works with organizations in a wide range of industries including media, entertainment, information technology, financial services and the public and not-for-profit sectors. His expertise is as an interim financial manager and controller, troubleshooting for clients and preparing annual federal and state returns.

Lovett began as an auditor and later became a controller. Since joining Calibre in 2015, she has worked with many tax-exempt organizations with both national and international presence, including faith-based institutions, labor unions, foundations supporting cutting-edge medical research, judicial associations, foundations supporting development of infrastructure in Africa and other sectors. She also specializes in formulating policies, procedures, controls and reporting systems that will maximize results for each entity.

Plante Moran Welcomes Marten van Pelt as New CMO

Southfield, Mich.-based Plante Moran (FY18 net revenue of $542.1 million) has announced Marten van Pelt has been hired as the next chief marketing officer, succeeding partner Jeff Antaya, who is retiring after 13 years of service.

In his new role as CMO, van Pelt will oversee all marketing functions, including strategy, sales, digital marketing, marketing technology, public relations, advertising, and internal and external communications. Van Pelt joins Plante Moran from KPMG, where he led marketing for the U.S. advisory practice.

He started Feb. 3 and will work alongside Antaya, ensuring a smooth transition through Antaya’s retirement on Aug. 31.

Van Pelt joins Plante Moran with nearly three decades of experience in marketing, including strategy, business development, technology solutions, digital innovation, brand development, advertising and public relations for professional service firms, creative agencies and their clients.

“When conducting the search for our new CMO, we made it a priority to find a leader who would continue the strong culture of innovation and growth Jeff brought to the marketing department,” says MP Jim Proppe. “We also wanted to find someone with exceptional interpersonal skills and the ability to nurture and enhance the team we built.”

Antaya says, “Marten has deep roots in both the advertising and public accounting worlds, along with extensive experience in digital marketing. He brings a great track record in coaching, mentoring and promoting people, which is consistent with our culture.”

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BKD Launches Nonprofit Advisory Services in New York

Springfield, Mo.-based BKD CPAs & Advisors (FY19 net revenue of $662.9 million) has launched a nonprofit advisory services practice in its New York office with the addition of Corinna Creedon to lead the practice.

Creedon has more than 20 years of experience as a finance executive and has provided outsourced CFO services, financial operations and compliance services to a wide range of clients. She offers Sarbanes-Oxley compliance, special project/project management office services and outsourced CFO solutions. Prior to joining BKD, Creedon ran a consulting firm.

“Corinna’s expertise combined with Rick Cole’s recent arrival to the team will allow us to provide additional support to new and existing clients,” says Ryan Reiff, MP for BKD’s New York office.

Nonprofit advisory services include:

  • Accounting and CFO support
  • Grants management and compliance
  • Accounting standards implementation
  • Financial operational assessments
  • Policies and procedures and internal controls

The New York office joins BKD’s nonprofit advisory service practices in Dallas, Kansas City, Mo., Chicago and Denver.

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