HoganTaylor Celebrates the 10th Anniversary of the Merger that Formed the Firm

Tulsa, Okla-based HoganTaylor (FY17 net revenue of $36.1 million) recently celebrated the 10th anniversary of the merger that formed the firm.

HoganTaylor was formed out of a 2009 merger of two legacy firms–a pairing that would create a regional powerhouse that is today an IPA 200 firm.

“It’s hard to believe it has been 10 years since HoganTaylor was formed out of a shared vision and passion to elevate the clients we serve,” says Randy Nail, CEO of HoganTaylor. “In the years since the merger, we have accomplished so much together.”

Ten years later, HoganTaylor has established its reputation as a business advisory firm, increased its geographic footprint with an office in Little Rock, Ark., and more than doubled its size in terms of revenue and people.

To recognize these achievements and mark the occasion, Nail sat down with the firm’s lead advisory partner, Robert Wagner, to reflect on the last 10 years–how the firm has grown, why growth is important, and what’s next for HoganTaylor. To read the interview, visit www.hogantaylor.com/10-years

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Two Georgia Firms Unite to Become Heaven and Alvarez LLC

Heaven and Associates of Norcross, Ga., and Alvarez CPA and Associates of Berkeley Lake, Ga., have merged to become Heaven and Alvarez.

Ranae Heaven and Carlos Alvarez are the firm’s only two partners.

“The merger brings together two established accounting firms and creates a genuine alternative to the regional and mid-sized accounting firms in the metro-Atlanta marketplace,” Heaven said in a statement. “The culture of both firms is highly compatible, with similar client service delivery models that focus on a value-based personal service approach.

The firm will be located at 4720 Peachtree Industrial Blvd. in Norcross and have about 10 staff.

“I sought to merge with a similarly growing firm to expand the services offered to my clients, and also have the added benefit of tapping into Gwinnett County’s large Spanish-speaking population,” Alvarez said in a statement.

RoseRyan Launches Cannabis Company

RoseRyan of Newark, Calif., has launched a new company, Kukuza Associates LLC, that concentrates solely on the cannabis market.

The new company is a finance and accounting consulting firm that closely mirrors its parent, RoseRyan. Founded in 1993, RoseRyan has more than 100 professionals, delivers finance and accounting solutions.

Explains RoseRyan CEO Kathy Ryan, “It’s exciting to launch Kukuza Associates, a finance and accounting consulting firm powered and backed by RoseRyan. It deepens our investment in the cannabis market and is geared specifically to this dynamic, rapidly evolving marketplace.” RoseRyan entered the cannabis market in 2014.

Kukuza Associates works with startups and established companies in every segment of the cannabis market at every stage of the lifecycle.

Says Dave Roberson, CEO of Kukuza, “Designed for this unique marketplace, Kukuza’s finance and cannabis accounting solutions are vital for businesses that are growing, vertically integrating and eyeing deals. Our experienced team steps in, brings order to the chaos and navigates cannabis companies ahead by putting a solid finance foundation in place.”

He notes that Kukuza’s cannabis solutions address strategic finance as well as day-to-day accounting, emphasizing that both are prerequisites for sustainable success. The company’s name is drawn from the Swahili word meaning potential and growth.

Based on RoseRyan’s original offering for the cannabis industry, Kukuza offers a refined and expanded set of cannabis solutions: assessment, strategic finance, outsourced accounting, financial reporting and analysis, transaction support and internal controls.

More news on Cannabis Practices

Whalen & Company Acquires Martinelli & Company

Whalen & Company of Worthington, Ohio, has acquired Martinelli & Company of Bexley, Ohio.

The acquisition brings staff member Tania Willis to the growing team at Whalen & Company, and Dawn Griebel will be added to Whalen & Company’s affiliate company, Simplitax.

“Martinelli & Company has worked hard to deliver exceptional client service, which aligns with one of our key core values,” says Richard D. Crabtree, MP at Whalen & Company, CPAs.

Martinelli & Company has served clients in the Columbus area for more than 35 years. The acquisition brings numerous business and individual clients to Whalen & Company’s portfolio as well as individual clients to Simplitax.

Platt’s Perspective: 24/7/365 Access – Is It Good Client Service Or Are We Kidding (Killing) Ourselves?

I recently served as a panelist at a conference, and the organizer was trying to coordinate logistics in advance. He sent an email on a Tuesday at 11:11 p.m. – clearly a time that worked for him. One of the panelists responded at 2:18 a.m., three hours later, and another panelist weighed in four hours later. I had business to attend to that morning and didn’t respond until 10:04 – less than 11 hours after the initial request. As the last person to respond, I admit that my initial feeling was that I let everyone down since I was so “late” to the conversation.

I get it that the responses from the other panelists came at a time that was convenient for them and most appropriate for their schedule. I get it that the “anytime, anywhere” work environment means that we all get communications like this at any time of the day, and that we should expect that going forward.

Mike Platt

Mike Platt

This not-so-unique experience quickly turned to curiosity as to how these kinds of communications – while exceptionally flexible and convenient for the sender – may affect the receiver. When you shoot off an email to your staff at midnight because you just thought of something and didn’t want to forget it, is it accepted that way, or does the recipient feel stressed that he or she let you down by not responding until 10 a.m.?

What about when a client sends you an email at 11 p.m.? Do you feel compelled to respond before the sun comes up? Are they expecting you to? Is it a hallmark of great client service or is it a recipe to stress yourself – and your staff?

There are clearly no right or wrong answers to these questions, but you should develop good answers for your firm. If 24/7 access and the promise of an immediate response is a competitive advantage you believe in, and one that is a core value, then go for it!

I’m not against responding to emails whenever it is convenient. But I do wonder, as technology and expectations continue to speed up, if it is the right expectation to set. Society may have already answered that question for us (“It’s inevitable, get used to it!”), but maybe there’s another way to look at it.

Maybe it can become a competitive advantage to not move so quickly. After all, research has shown that a client values a professional’s opinion much more when delivered in a timely but considered manner – rather than an immediate response. These are all good questions to ponder. I wish I could spend more time sharing my opinion, but it’s now 11 p.m., and I’ve got some emails that just came in that I need to respond to . . .

Whitman Business Advisors Announces New PIC of Human Resources

Rick Fisher

Whitman Business Advisors, an accounting industry advisory firm, has announced that Rick Fisher has joined the team as a consultant for human resources and M&A services.

Fisher is the former PIC of the human resources department of New York-based EisnerAmper (FY18 net revenue of $360.7 million) with more than 40 years of diversified experience in accounting, finance and human resources.

During that period, Fisher’s responsibilities include recruiting, mentoring, compensation strategies, development of personnel policies, staff scheduling and budgeting, including long-range strategic planning. Fisher was the plan administrator of the firm’s 401(k) retirement plan, profit-sharing plan and insurance programs.

“Amongst the top 100 CPA firm community Rick is a household name and recognized leader in the human resources space,” says president and CEO Philip Whitman. “Rick is a CPA who started working with Richard A. Eisner & Company when it was a 200-person CPA firm and helped the firm grow to 1,600 employees and over $300 million in annual revenues. Adding Rick to the WBA team adds considerable depth and breadth to our practice management consulting offering.”

Whitman Business Advisors works with more than a third of the top 100 accounting firms on talent acquisition, mergers and acquisitions, practice management consulting, growth strategies, MP coaching and more.

Fisher says, “I’ve been fortunate to work with some talented and dynamic leaders, who understood that the human resource function and the firms’ culture plays a vital part in a firm’s growth and sustainability.”

Barrett Admitted as Partner at Taylor Leibow LLP

Kevin Barrett

Hamilton, Ontario-based Taylor Leibow (FY17 net revenue of $12.4 million) admitted Kevin Barrett as its newest partner.

Barrett joined Taylor Leibow in November 2013 as a manager. He specializes in providing accounting, advisory and tax services to a broad range of clients in various industries, including auto dealerships, logistics, real estate and manufacturing.

“Watching Kevin grow and develop as a professional since joining Taylor Leibow has been very rewarding,” says CEO Nigel Jacobs. “This has been affirmation of training our future leaders and providing opportunities for advancement and the ability to promote from within our team.”

Michael Thompson, practice area leader, says, “Kevin has been a significant contributor since joining the firm. He provides a consistently high level of service and advice to clients who appreciate not only his knowledge and expertise but his dedication and hard work.”

New Partners Named at Nasif Hicks Harris & Co.

Rachelle Barnier

Nasif Hicks Harris & Co. of Santa Barbara, Calif., announced that CPAs Rachelle Barnier and Elena Mund have been admitted as partners.

Founded by Bill Nasif in 1976, the firm has 50 employees and 10 partners who provide a full spectrum of public accounting services to local, regional, national and international clients.

Elena Mund

Barnier joined the firm in 2006. Her practice includes tax planning and consulting for individuals and closely held businesses. She specializes in tax planning associated with marriage dissolution, including property division such as stock options, real estate, deferred compensation and business entities, as well as obligations outlined in the divorce decree like alimony, life insurance policies and retirement plans.

Mund joined the firm in 2011. She provides tax planning, consulting, compliance and tax preparation services for individuals and closely held businesses. She specializes in international tax issues as a significant number of her business and individual clients live or operate outside the U.S. She also has extensive knowledge of inbound tax planning for non-Americans planning a move to the U.S.

Miller & Company and Thomas Jenkins and Company Join Forces

After a year of strong growth, Miller & Company LLP, with offices in New York and Whitestone, N.Y., merged with Thomas Jenkins and Company, located in Washington, D.C., and Suitland, Md.

“We firmly believe in growth through mergers,” says Paul Miller, the principal of Miller & Company for more than two decades. “When you find a like-minded team that integrates smoothly with your own values, mission, culture and style, you make it happen. We advise clients to take advantage of mergers and acquisitions to accelerate internal growth – and we proudly heed our own advice.”

The merger, which took place in November, marks the company’s first foray into the nation’s capital. Miller & Company LLP primarily serves high-net-worth individuals and businesses that need more than just accounting and tax preparation. The Jenkins team adds integrated personal and business accounting services to their growing cadre of clients, with special attention to the changing regulatory issues that prevail in the D.C. marketplace.

“Combined, the firms can make a positive impact on growing businesses nationwide by providing exceptional advice, focus and accounting services,” the company announced. “The merger puts a wider array of successful business owners and high-powered executives within reach.”

Friedman Announces New Partners

Joseph Klein

New York-based Friedman LLP (FY17 net revenue of $101.5 million) has admitted four professionals to the partner group and appointed a new regional leader.

The firm has hired Joseph Klein as a partner in the headquarters office, and appointed Brian Kristiansen as leader of the tax department in East Hanover, N.J.

The following professionals were admitted as partner:

  • Brian Kearns, a member of the firm’s SEC group, Marlton, N.J.
  • Erin Liu, who provides auditing, accounting and financial consulting services, Marlton, N.J.
  • Thomas Miranda, who specializes in consumer products, wholesale, distribution, textile and apparel, manufacturing, retail and financial services, New York.