CapinCrouse Admits Two Partners to Consulting Team

Ted Batson Jr.

Ted Batson Jr.

Greenwood, Ind.-based CapinCrouse (FY16 net revenue of 20.7 million) announces that Ted Batson Jr. and David Gunter have been admitted to the firm as partners effective Aug. 1. Both serve on the firm’s consulting team.

Batson joined CapinCrouse as tax counsel in May 2016 and has 30 years of experience serving nonprofits. He advises a diverse selection of clients, with a focus on finding and providing solutions to help clients navigate a wide range of exempt-organization issues. Baston is based in the Indianapolis office and serves clients nationwide.

David Gunter

David Gunter

Gunter has 35 years of consulting and advisory experience. He provides a wide range of services, including business strategy, forecasting, revenue and donor analysis, cost structure management and operational efficiency. Based in Atlanta, Gunter will serve clients nationwide.

Alexander Thompson Arnold Merges with Ashby & Associates

Union City, Tenn.-based Alexander Thompson Arnold (FY16 net revenue of $20.3 million) merged with Tupelo, Miss.-based Ashby & Associates.

“We already work with clients in the Tupelo area and look forward to expanding our presence and involvement in the community. We are eager to grow the firm in years to come,” says ATA partner Stephen Eldridge.

ATA provides accounting, auditing, tax and consulting services. With the addition of Tupelo, ATA now has 14 office locations in western and central Tennessee, western Kentucky and Mississippi.

Frazer Opens Office in Twin Falls, Idaho

Pete Jones

Pete Jones

Brea, Calif.-based Frazer LLP (FY16 net revenue of $17.6 million) announced the opening of its office in Twin Falls, Idaho. Pete Jones has joined the firm as a senior manager and will be responsible for daily operations.

“Opening an office in Twin Falls supports Frazer’s long-term dairy niche,” says Bob Matlick, partner. “Idaho is the fourth-largest producer of milk in the United States. Having a local presence enables us to better serve our current clients and provides us with new business opportunities in dairy and other industries.”

“Joining the Frazer team provides the Idaho market with a deep bench of dairy expertise,” says Jones. “Our Twin Falls office represents Frazer’s long-term commitment to Idaho and the dairy industry.”

INSIDE Public Accounting Releases Annual Ranking and Performance Metrics of the Nation’s Largest Public Accounting Firms

INSIDE Public Accounting unveils the IPA 100 – the annual list of the largest 100 accounting firms in the country.  Find out if your firm made the list. IPA subscribers and firms that completed the IPA survey will receive the August issue, which features the IPA 100, IPA 200 and IPA 300 list, the fastest-growing IPA 100 firms, and an analysis of the data. The newsletter will be released this week.

The IPA 100: Key Highlights Of America’s 100 Largest Firms – Excluding the Big 4

  • The pace of organic growth (excluding mergers) has slowed to 6.8% for the group, down from 7.5% growth reported in 2016. Acquisitions (both traditional CPA firms as well as other consulting companies) pushed the overall growth rate to 9.4%.
  • Organic growth in net income, at 4.8%, has slowed to a pace not seen since 2011. Even factoring in acquisitions, net income growth is up only 5.5% over last year.
  • Audit and accounting services in the IPA 100 continue a multi-year decline as a percentage of total revenue – to now represent an average of 37% of total firm revenue as firms grow non-traditional services.
  • Non-traditional services offered by the IPA 100 firms, such as consulting, technology and financial services, climbed to an average of 27% of total net revenue.
  • Professional staff turnover (CPAs and other client-serving staff) averaged 15.0% for the IPA 100; with one in seven IPA 100 averaging more than 20% professional staff turnover.

“In addition to the challenges already faced by the profession, the coming wave of artificial intelligence, machine learning, blockchain technology and Big Data is advancing faster than anyone would have predicted even three years ago,” says Mike Platt, principal with INSIDE Public Accounting. “Efforts are underway on many fronts to re-engineer how the business of public accounting gets done. The coming changes will be transformational.”

View the full list of the IPA 100, 200 and 300 Firms.

For copies of the 2017 IPA 100 Firms issue, customized reprints and pricing information, please contact Chelsea Summers.

Subscribe to the IPA monthly newsletter today!

Sign up for our complimentary E-News Updates and become an IPA INSIDER.

Order any of the 2017 IPA benchmarking products, including the IPA National Benchmarking Report to gain insider strategies.

About The Platt Group and INSIDE Public Accounting: INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report.

Henderson Hutcherson & McCullough Merges with Brundige Payne & Co.

Chattanooga, Tenn.-based Henderson Hutcherson & McCullough PLLC (FY16 net revenue of $21.3 million) has joined with Brundige Payne & Co. PC effective Aug. 1. The combined company will operate as HHM Memphis.

Bob Payne, Brundige Payne’s MP, says HHM enables a broader range of services and deepens capabilities to give clients results-driven solutions.

HHM offers services to all industry groups including health care, retail, restaurant, manufacturing and distribution, automotive dealerships, construction, government and nonprofit. The firm also specializes in mergers and acquisitions, business valuations, litigation support and forensics, critical reviews of operating procedures, employee benefit plans, tax-financial-estate-succession planning, emerging business, peer reviews and audits.

HHM was included in IPA’s Fastest-Growing Firms and Best of the Best lists for the past two years.

Green Hasson Janks Expands Its Expert Witness and Litigation Practice

Ben Sheppard

Ben Sheppard

Ben Sheppard joined Green Hasson Janks (FY16 net revenue of $27.8 million) of Los Angeles as a principal to lead the expert witness and litigation support service line.

“Ben will be bringing substantial knowledge and experience to our litigation support practice,” says partner Ilan Haimoff. “Having Ben join our firm is a reflection of our commitment to, and investment in, growing our consulting practice.”

“By investing in our people we deepen our firm capability and continually provide innovative solutions to our clients,” says Leon Janks, MP. “I am energized to have Ben Sheppard as part of our growing team.”

Sheppard has expertise in litigation support and expert witness services, as well as forensic investigations and valuations. By working closely with clients, he assists them in finding answers to situations that may pose a threat to their business. Sheppard has offered expert witness opinions in more than 35 separate matters in state courts, federal courts and arbitrations.

Sheppard’s substantial entertainment industry experience includes theatrical, home video, video games, television, radio, cable/satellite, live entertainment, music/book publishing and digital cinema. For more than 17 years, Sheppard has served as consultant on litigation, forensic investigation and valuation projects in the entertainment industry, but also other industries, such as sports, consumer products, insurance/financial, manufacturing and software, retail and government.

Dean Dorton Adds Intacct Cloud Financial Applications to Its Portfolio

Lexington, Ky.-based Dean Dorton (FY16 net revenue of $27.3 million) announced a partnership with Intacct, a provider of cloud financial management and accounting software. Together they will sell, implement, support and integrate solutions for Intacct’s cloud financial applications.

“We’ve been helping clients choose, implement and use the best software for their businesses for a long time, and lately it is very clear that successful companies are increasingly interested in using a cloud-based financial system so they can access their financial data anytime, anywhere,” says Jason Miller, director of business consulting services at Dean Dorton.

Dean Dorton clients will also benefit from the web-based dashboards, reporting and business intelligence capabilities built into the Intacct system. Intacct provides a powerful set of analytics and reporting tools that empower users with real-time, accurate and consistent visibility into financial and operational data. The ability to run financial reports by dimensions, (customer, vendor, project or fund) is beneficial to business owners, board members and investors.

“Our cloud-based system is well suited to today’s ever-changing technological advancements and will help companies of all sizes operate efficiently and effectively using their real-time financial data. Jason Miller and the Dean Dorton team have extensive background in technology and accounting, which will be a huge benefit to our mutual clients,” says Taylor Macdonald, vice president of channels for Intacct.

Johnson Miller & Co. Admits Speer as New Shareholder

Catherine Speer

Catherine Speer

Midland, Texas-based Johnson Miller & Co. CPAs PC (FY16 net revenue of $21.8 million) admits new shareholder, Catherine Speer, who joined Johnson Miller & Co. in January 2005 as a staff accountant upon graduation.

Speer is located in the firm’s Odessa, Texas office and previously served as an assurance manager in the Midland/Odessa audit practice. She has extensive audit and accounting knowledge in the energy, manufacturing and construction industries, as well as experience in auditing governmental and nonprofit organizations.

“From staff to now shareholder, my vision is to continue the legacy by providing quality service to our clients, future clients, staff and the community,” says Speer.

ORBA Names Flahive and Janczewski as New Directors

Jason Flahive

Jason Flahive

Chicago-based Ostrow Reisin Berk & Abrams Ltd. (ORBA) (FY16 net revenue of $27 million) names Jason Flahive and Jacqueline Janczewski as directors, effective July 1.

“We welcome the addition of Jason and Jacqueline to ORBA’s roster of outstanding directors,” says ORBA managing director Mark Thomson. “Today, we celebrate and recognize Jason and Jacqueline’s contribution to the firm, as well as their commitment to providing exceptional service to our clients.”

Flahive provides attestation, accounting and tax services for medical groups, nursing homes, privately-owned businesses, not-for-profit organizations and high net worth individuals. He also has experience providing various technology consulting services, including accounting system conversion and implementation, data analytics and other ad-hoc analysis. He serves clients in a variety of industries including health care, real estate and financial services, as well as not-for-profit education and social service organizations.

Jacqueline Janczewski

Jacqueline Janczewski

Janczewski has 20 years of experience working with entrepreneurs and closely held businesses in various industries, helping them with their business and succession planning, accounting and tax needs. Janczewski also focuses on providing outstanding service to high net worth individuals, such as executives, attorneys and private investors, with tax planning and compliance services. Her dynamic leadership and proven managerial skills, combined with her range of experience and perspective, help her to provide unique and significant value and excellent service to her clients.

BeachFleischman Names Lutes as Phoenix Office Managing Shareholder

Christopher Lutes

Christopher Lutes

Tucson, Ariz.-based BeachFleischman PC (FY16 net revenue of $25.8 million) named Christopher Lutes as managing shareholder of the firm’s Phoenix office, effective June 28. Lutes succeeds Philip Taylor who led the firm’s Phoenix office since 2013 and announced his retirement after a 45-year career. Lutes will lead BeachFleischman’s Phoenix market operations and expansion and will continue to serve his clients while also focusing on business development. The transition of Lutes into his new role is part of the firm’s strategic succession plan.

Lutes is an accounting and assurance shareholder and provides audit and consulting services to closely held and family-owned enterprises. He helped open the firm’s Phoenix office in 2012 and he was BeachFleischman’s first Phoenix-based employee.