Frazier & Deeter Joins PKF International

PKF International welcomes the signing of Atlanta-based Frazier & Deeter (FY15 net revenue of $66.9 million), an IPA 100 and Best of the Best firm, to re-join its global network of independent firms.

Frazier & Deeter, also a member of CPAmerica, has prior experience with the PKF network. The firm works with many multinational clients, and the alliance with PKF International will enable Frazier & Deeter to better support these clients, the association announced.

MP Seth McDaniel says, “We are committed to producing quality work by going the extra mile to achieve great results for our clients. Frazier & Deeter has grown significantly over the years, and by re-joining PKF we will be able to better serve our clients across the U.S. and internationally. Renewing our PKF relationship will also help to open doors for us.”

Frazier & Deeter has more than 300 professionals in five offices in Georgia, Florida, Tennessee and Pennsylvania. It delivers a range of tax, assurance, accounting and advisory services, and launched one of the largest CPA-based wealth management firms, SignatureFD, in 1998. It also introduced FD Fund Administration, a subsidiary firm that provides outsourced fund administration services, and FD Real Asset Advisors, a firm that assists with real estate and other project financing.

John Sim, CEO of PKF International, says, “As one of the fastest-growing, highly respected accounting firms in the U.S., they are just the type of firm we wanted as our Southeast regional anchor practice. Seth McDaniel, Sean Lager and Bill Godshall have made significant contributions to the PKF network over the years and we look forward to that continuing.”

PKF has 15 offices in the U.S. “This is a cornerstone in our quest to restructure our North American presence, which is an important part of our global strategy to strengthen our ability to provide solutions to countless clients of PKF members around the globe,” says Sebastian Wohldorf, chairman of PKF International.

The 2017 IPA Accounting Firm National Benchmarking Surveys Are Open For Participation

The 2017 INSIDE Public Accounting (IPA) Annual Survey and Analysis of Firms is now open to all accounting firms in North America. The results of the annual survey is the IPA National Benchmarking Report, the IPA 100, 200 and 300 firms ranking, and the coveted IPA Best of the Best firms. If you would like to participate, please contact our office.

DEADLINES FOR SURVEY SUBMISSIONS – FIRMS WITH FISCAL YEAR-ENDS OF…

…June 2016 through December 2016: May 5, 2017
…January 2017 through February 2017: May 19, 2017
…March 2017 through April 2017: June 5, 2017

THE 2017 IPA SURVEY AND THE INTERNAL OPERATIONAL SURVEYS ARE AVAILABLE FOR COMPLETION.

Your firm must complete the IPA Survey and Analysis form in order to participate in any of the internal operational surveys. If you would like to participate, contact our office.

Gain a competitive advantage and grow your firm with industry insight from the independent benchmarking leader in the nation.

BENEFITS OF PARTICIPATION

  • The opportunity to be included in the largest annual management of an accounting practice (MAP) survey in the country. To be benchmarked with more than 540+ firms nationwide and potentially be ranked among this year’s top firms in the: IPA 100, IPA 200, IPA 300 and the coveted IPA Best of the Best Firms in the nation.
  • If you participate in the surveys, you will receive a complimentary copy of the August 2017 issue of the award-winning INSIDE Pubic Accounting newsletter. This issue highlights the annual IPA 100 firm rankings, along with a detailed financial and operational analysis of the rankings.
  • An electronic complimentary copy of the 2017 Executive Summary, of the IPA National Benchmarking Report. If you participate in any or all of the IO surveys, you will also receive a complimentary executive summary when published in late summer.
  • You will receive preferred pricing on the 2017 IPA National Benchmarking Report, the IO Reports, and other benchmarking items. You may pre-order your reports now.
  • You will get preference for selection in articles written by IPA throughout the year, (an excellent opportunity to market your firm).
  • If you would like to participate, please contact our office.

CONFIDENTIAL DATA – WHAT YOU CAN EXPECT FROM INSIDE PUBLIC ACCOUNTING 

All confidential firm data, including salaries, compensation, income, etc., will be held in strict confidence. Salaries, compensation and sensitive data, such as income, revenues by niche, etc., will NOT be shared or publicized. We take extreme pride in our ability to collect this data to assist the profession and are now celebrating 27 years surveying accounting firms across the globe.

Please contact IPA at survey@plattgroupllc.com with any concerns or questions. IPA conducts a thorough review of each survey submission for commonly missed areas and for any and all errors. IPA will contact the person / contact named on the submitted survey form for any and all clarifications / updates. Some data, such as firm name, MP(s) name, firm net revenue, and organic growth may appear in the IPA Newsletter (if accolades are given).

IPA ASSOCIATION PARTNERSHIPS: INSIDE Public Accounting is pleased to partner with the following associations to provide survey and benchmarking services for their member firms: The Alliott Group, CPAmerica International, DFK International, INPACT Americas, LEA Global, Moore Stephens North America and PrimeGlobal. Please contact The Platt Group / IPA with any questions at (317) 733-1920.

Grassi & Co. Acquires Bernstein and Seidman

New York-based Grassi & Co. (FY16 net revenue of $53 million) has acquired Bernstein & Seidman of Scarsdale, N.Y.

Robert Bernstein, who brings decades of experience, will join Grassi & Co. as a partner. Over the past 30 years, the firm has accrued over 250 clients in various industries including retail sales, import/export, food, pharmaceuticals, real estate, and notably, the automotive industry.

“As the automotive industry faces never-ending challenges on standards of leasing and revenue recognition, we look forward to partnering with a firm like Bernstein and Seidman, whose commitment to those in the automotive industry is unparalleled,” says Louis Grassi, Grassi & Co. MP and CEO. “Merging Bernstein into our company allows us to grow our accounting services practice and expand our geographical footprint.”

Bernstein says, “We pride ourselves on our hands-on approach with clients and ensure that when we are engaged on a transaction, our client’s business needs are structured to take advantage of the various tax incentives available. Partnering with a firm like Grassi & Co. will aid us in being able to offer our clients the products and services needed to help them grow their business and compete in today’s changing landscape.

New MP for Tampa Office at Frazier & Deeter

Mike Hendricks

Mike Hendricks

Atlanta-based Frazier & Deeter (FY15 net revenue of $66.9 million) announced that tax partner Mike Hendricks has been named the new MP for the Tampa office of the firm.

Hendricks joined the Tampa office in 2014 while also serving as the co-chair of Frazier & Deeter’s national tax practice.

“We are delighted to have Mike lead the Tampa team into its next stage of growth as our business across Florida expands,” says Seth McDaniel, MP. “Mike’s strong leadership skills and tax expertise will make him an asset to our team, our clients and the business community in this new role.”

Hendricks says, “The Tampa/St. Petersburg region has a vibrant business community and our firm plans to be an active contributor.”

Hendricks’ responsibilities include providing comprehensive tax advisory services, as well as federal, state and local tax compliance services to individual and business clients. His industry expertise is concentrated in the areas of manufacturing, retail, distribution, construction and technology.

Armanino Admits Five Partners

Michael Boulton

Michael Boulton

San Ramon, Calif.-based Armanino (FY15 net revenue of $164.2 million) announced that Michael Boulton, Stacie Kowalczyk, Tony Lam, Min Riblett and Sergio Salas have been admitted as partners.

New partners include professionals in tax, audit and consulting services in five offices across California. Each has demonstrated exceptional client service and leadership, and many have served on the firm’s management advisory board or women’s advancement network. With women making up 40% of internal partners this year, the firm is making progress toward the network’s goal of elevating women to leadership positions.

Stacie Kowalczyk

Stacie Kowalczyk

“We have an exceptional group of public accounting pros joining the partnership this year. Over the years they have each contributed greatly to the success of the firm,” says MP Andy Armanino.

Michael Boulton, audit partner, is based in the firm’s San Jose office and has more than 10 years of experience in public accounting. He specializes in financial statement audits of nonprofit organizations and private and publicly held middle-market businesses.

Tony Lam

Tony Lam

Stacie Kowalczyk, audit partner, works in the firm’s San Francisco office and has more than 12 years of experience providing audits, reviews and other attestation services to for-profit entities in the retail, consumer products, smart grid technology and professional services industries. She also has extensive experience providing audit services to nonprofit organizations who receive federal funding needing a single audit.

Tony Lam, tax partner, works in the firm’s San Ramon office where he assists closely held businesses on tax consulting and compliance. With more than 15 years of experience, he leads the firm’s tax training program.

Min Riblett

Min Riblett

Min Riblett, tax partner, works in San Ramon and has more than 10 years of experience with a specialty in tax planning, consulting and compliance for closely held businesses and high-net-worth individuals and families. She is fluent in Mandarin and Cantonese, and is a founding member of the firm’s women’s advancement network.

Sergio Salas

Sergio Salas

Sergio Salas, tax partner, is based in the firm’s Los Angeles office and has more than 17 years of experience. Sergio specializes in the real estate industry, advising clients on their personal taxes, as well as real estate transaction and deal structures. He also has extensive experience in partnership taxation.

Withum’s Latest Video Aims to Bust Stereotypes

Princeton, N.J.-based WithumSmith+Brown (FY16 net revenue of $147.1 million) has produced its annual ‘State of the Firm’ video, and this one takes aim at accountants’ reputation as being boring bean counters.

As the firm says, “Withum is not your parents’ public accounting firm. Not even close.”

MP and CEO Bill Hagaman says, “We unveiled a video showcasing how Withum and its more than 800 employees are shattering industry stereotypes – as number crunchers, journal jugglers and pencil pushers – that have plagued our profession for decades. At Withum, we genuinely get excited about our work – we have passion and fun and look beyond the numbers on a piece of paper.”

An IPA Best of the Best firm, Withum is ranked No. 27 on the latest IPA 100 list.

According to Hagaman, Withum employees are financial artists, so to speak. “Our firm is a place where creativity, innovation and diverse thought processes are encouraged and expected. This is our strength and how we express our underlying values – the Withum Way – internally and to our clients.”

During Withum’s annual State of the Firm meeting, Hagaman also provided staff an overview of the firm’s strategic plan for organic and service-area growth. In addition, he offered a favorable forecast for accounting as a career.

Grassi & Co. and James Bohl, CPA Merge

New York-based Grassi & Co. (FY16 net revenue of $53 million) has merged in James Bohl, CPA, which is now known as Grassi Franchise Services.

The merger of the two firms will bring an additional 25 professionals to Grassi & Co.’s team, including James Bohl as a new partner.

MP Louis Grassi believes the success of the firm relies on entrepreneurialism, both in how the firm is run and in how its professionals approach clients’ needs and challenges, the firm announced.

“Enhancing our services to include franchising enables us to expand our breadth of services and attract a new and exciting pool of clients,” Grassi says. “James Bohl and his team have a rich history of providing high-quality services and we are looking forward to leveraging their years of experience in order to continue to meet and exceed the expectations of James’ current client base and any prospective clients.”

Bohl says Grassi & Co. shares the same culture and mission as his firm. “The same team that built James Bohl CPA is staying in place and remains committed to our core mission of providing the best possible service to our clients.”

AKT Announces Name Change to Aldrich

Salem, Ore.-based AKT Group (FY15 net revenue of $46.1 million), an IPA Best of the Best firm, has announced a name change to The Aldrich Group.aldrich-logo_2017

The firm announced that the new name is a way to go back to its roots. “Our founder, Kent Aldrich, had an entrepreneurial spirit that remains woven throughout the fabric of our firm. We honor his vision by using the name that started it all, Aldrich,” the firm says. The change reflects the “one-on-one relationships that have carried our brand for 40 years.”

“We live in a dynamic marketplace, companies are evolving, and it’s time for our next chapter,” says CEO Martin Moll. “Acknowledging our founder, Kent Aldrich, our growth will continue with the same ambition and determination that started our company in 1973,” says Moll, who on Jan. 1 succeeded Steve Tatone, an IPA Most Admired Peer who became chairman of the board. “Our commitment to improving the lives of our people, our clients and our communities does not waiver.”

The Aldrich Group includes Aldrich CPAs + Advisors LLP, Aldrich Wealth LP, Aldrich Retirement Solutions LP, Aldrich Benefits LP, and Aldrich Business Transitions LP.

In addition to the name change, the firm is unveiling a new logo, a refresh to its website, and a new look and feel to its digital and print presence. The transition from AKT to Aldrich will be complete in 2017.

Whitley Penn Admits New Partners

Daniel Boarder

Daniel Boarder

Fort Worth, Texas-based Whitley Penn (FY15 net revenue of $72.4 million) has announced that Daniel Boarder, Kimberly DeWoody, Lupe Garcia and Brian Mitchell have been admitted into the partnership.

Boarder joined the firm in 2014 as the managing director of transaction advisory services in the Dallas office. Boarder has more than 18 years of experience assisting private-equity firms and corporate buyers in evaluating potential company merger and acquisition targets. He has managed several hundred engagements with transactions ranging from less than $1 million to over $750 million.

Kimberly DeWoody

Kimberly DeWoody

DeWoody joined the firm in 2007 as an audit staffer in the Fort Worth office. Since joining the firm she has dedicated her professional focus to the energy industry and has consistently progressed through the career ladder providing audit and advisory services to a variety of clients.

Lupe Garcia

Lupe Garcia

Garcia joined the firm in 2007 as an audit staffer in the Houston office. Garcia has dedicated his career to serving public sector clients including counties, cities, school districts, universities and community colleges and other special-purpose governments. He also assists with public sector audit training, both internally and externally.

Brian Mitchell

Brian Mitchell

Mitchell joined Whitley Penn in 2015 as the director of international tax. Mitchell has more than 18 years of combined professional experience in public accounting and as a tax executive in industry. Throughout his career, he has developed a deep understanding of tax matters and has significant experience in tax planning, compliance, and risk management for the U.S. taxation of cross-border transactions. Mitchell has experience working with various types of companies in regard to the U.S. anti-deferral rules, foreign tax credits, sourcing rules, foreign currency and other international tax matters.

Gursey | Schneider Admits Gillespie, Ward to Partnership

Kristen Gillespie

Kristen Gillespie

Los Angeles-based Gursey | Schneider (FY15 net revenue of $31.5 million), an IPA Best of the Best firm that specializes in litigation support, tax services and business management, announces the promotions of Kristen Gillespie and Shannon Ward to partner.

Gillespie specializes in forensic accounting in family law matters and performs a wide range of accounting services including business appraisals, analyses of gross cash flow available for support, analyses of marital standard of living and reimbursement claims.

Shannon Ward

Shannon Ward

Ward specializes in income, gift and estate tax planning, as well as income tax compliance and audit defense for high-net-worth individuals and their business interests, trusts and private foundations. She designs and helps implement tax-efficient estate plans to meet the business succession and wealth transfer goals of her clients. She also has significant experience consulting on tax issues related to divorce.

Gursey | Schneider has California offices in Century City, Irvine, Torrance, Encino, San Diego and San Francisco. The firm has been named an IPA Best of the Best firm every year since 2011.