EisnerAmper Expands Cannabis Practice

New York-based EisnerAmper (FY18 net revenue of $360.7 million) anticipates rapid expansion of the hemp and cannabis industry at the federal, state and international levels and is therefore expanding its services.

EisnerAmper is adding to its accounting, tax and advisory services for hemp and cannabis companies, from startup to exit. The firm also helps entities prepare for and adapt to regulatory changes and offer compliance services designed to meet annual governmental reporting requirements.

“This is the fastest-growing and most quickly evolving industry I’ve seen in my 35 years in business advisory services,” says Rick Frimmer, EisnerAmper managing director and cannabis and hemp practice leader. “What sets us apart is our practical experience having performed many engagements in this one-of-a-kind sector on behalf of both public and private companies. We know the landscape. We know the participants. And our lengthy track record of accounting proficiency and a client-centric approach is widely known.”

More news from EisnerAmper

More news on Cannabis Practices

Aprio Launches Forensic and Investigative Services

Nicole Ponziani

Nicole Ponziani

Atlanta-based Aprio LLP (FY17 net revenue of $85.1 million) has launched a new team within its litigation support and forensic accounting services group – forensic and investigative services.

The team is led by Nicole Ponziani, who uses proprietary models to work with attorneys and clients in gathering evidence in the investigation of alleged “bad acts.” Her involvement includes the handling of internal and criminal investigations through subject interviews and tracing of assets with proven results.

Some examples of Aprio’s forensic and investigative services work include:

  • The Aprio team was engaged to investigate and analyze a multi-million-dollar asset misappropriation involving a financial institution. Hundreds of transactions and identified recipients were found to be fraudulent. Restitution was sought and the proper documents were provided to the regulators, insurance carrier and law enforcement.
  • The Aprio team performed an internal investigation on a multi-million-dollar private company. We identified a significant misappropriation of assets. Under our guidance the company rectified the inadequacies in their internal controls. A claim to their insurance carrier and a report to law enforcement was prepared.

Ponziani, with a degree in criminology, has more than 17 years of experience having worked with local law enforcement and fraud countermeasures compliance in areas such as fraud investigations, financial services regulatory compliance, FCPA, RICO, HR investigations, money laundering and Ponzi schemes.

“It is our goal to minimize the impact that an investigation has on our clients’ businesses operations,” said Howard Zandman, PIC of litigation support and forensic accounting services. “The forensics and investigative services team’s expertise in getting beneath the surface enables us to reach solutions efficiently and effectively and provide evidence that is clear, understandable and withstands the rigors of court.”

More news from Aprio

More news on Forensic Practices

YHB Merges in Accounting Firm in Falls Church

Winchester, Va.-based Yount Hyde & Barbour (FY17 net revenue of $24.5 million) has merged in Murray Jonson White & Associates (MJW) of Falls Church, Va.

“With the partners and staff well-respected in the region and sharing a common client-centric approach, we know this will be a win-win for everyone,” says Scott Moulden, MP of Yount Hyde & Barbor (YHB). “In addition to expanding our geographic footprint closer to D.C., this helps position our staff to more easily serve the many clients we already work with in and around the area.”

MJW is a full-service CPA firm that has served the Washington, D.C., metropolitan area since its founding in 1959. The firm provides a comprehensive range of accounting and tax services to private sector companies, not-for-profit organizations, individuals and fiduciaries.

“Finding a partner that shared the same dedication to quality, client relations, community commitment and staff care was what helped make this an easy decision. We look forward to being able to offer our existing clients even more resources and industry experts as our two firms become one,” says Randolph Shapiro, managing principal of MJW.

The merger will make the Falls Church office YHB’s seventh location in Virginia. With the addition of MJW, YHB also expands its expertise in individual and business tax as MJW professionals provide a range of services to clients with complex and unique tax situations.

The MJW professional staff of 20 will be joining YHB and will continue to serve clients out of their current office in Falls Church.

Wallace Plese + Dreher Admits New Partner

Christopher T. Coots

Christopher T. Coots

Chandler, Ariz.-based Wallace Plese + Dreher (FY17 net revenue of $8.4 million) announces the admission of Christopher T. Coots to the partnership.

Coots has more than 20 years of professional accounting experience and provides tax planning and consulting services to partnerships, corporations, estates and trusts. Working with privately held businesses and their owners, he develops tax plans maximizing cash flow and minimizing tax liabilities.

Before pursuing his accounting career, he practiced as an estates and trusts attorney serving individuals and families.

Armanino Opens New Office in Seattle

San Ramon, Calif.-based Armanino LLP (FY17 net revenue of $242.7 million) has added a new full-service office with tax, audit and consulting resources located in downtown Seattle to meet the needs of its established clients and develop new opportunities in the Pacific Northwest.

As a region ripe with expanding technology companies, world-class nonprofit organizations and a strong midmarket presence, Armanino recognized a prime opportunity to bring value to the market, the firm announced.

“We are seeing a need for more specialized resources in the region, whether that means consulting with us for technical accounting or SOX, complex tax issues or a broader outsourced finance solution,” says CEO Matt Armanino. “We’re also excited about the potential to grow a connection to the robust local talent pool and, being a top 1% Microsoft partner, our new proximity provides direct access to Microsoft.” Microsoft is headquartered in nearby Redmond, Wash.

Armanino’s aggressive growth is anchored in its pursuit of expanded service lines, technology solutions and specialized expertise. The firm has been listed on INSIDE Public Accounting’s Best of the Best list for 15 of the last 16 years, and has a Net Promoter Score that is nearly double the average for the accounting industry.

Armanino’s Seattle location is at 801 Second Ave.

Armanino has seven offices in California, in San Ramon, San Francisco, San Jose, Los Angeles, West Los Angeles, Woodland Hills and El Segundo. The firm is also operates from offices in Dallas and Naperville, Ill.

More news from Armanino

Henry+Horne Wealth Management Names Senior Vice President

Shaunna Anderson

Shaunna Anderson

Henry+Horne Wealth Management of Scottsdale, Ariz., announces that Shaunna Anderson has been promoted to senior vice president and principal.

Over the course of her career, Anderson developed technical skills spanning all aspects of portfolio management, investment implementation and operations.

“Over the past several years, Shaunna’s contributions have helped redefine the quality and execution of the client experience while helping us grow substantially. Shaunna is one of the most dedicated and hard-working people I have ever met, and we are truly lucky to have her at Henry+Horne Wealth Management,” says Michael Carlin, president, Henry+Horne Wealth Management.

Anderson joined Henry+Horne Wealth Management in 2016. She has more than 15 years of financial and operational management experience, including working with individuals, affluent families and businesses to assess their investment portfolio needs.

“I joined the firm because I believed in the investment philosophy and the vision of how this business is supposed to be done. The depth of the work we do for clients and the amount of care we take with them is profound and meaningful in their lives and frankly, not something that is commonplace in our industry,” Anderson says.

Wealth Management LLC had been affiliated with Tempe, Ariz.-based Henry+Horne (FY18 net revenue of $27 million) for more than a decade and in 2017 became Henry+Horne Wealth Management.

Miller Kaplan Admits New Partner

Puzant Kazanjian

Puzant Kazanjian

North Hollywood, Calif.-based Miller Kaplan announces Puzant Kazanjian has been admitted as a partner.

Kazanjian, with 13 years of public accounting experience, specializes in audit and assurance services for employee benefit plans, labor organizations and nonprofit organizations.

“Puzant has been a reliable resource for our clients and the firm,” says MP Doug Waite. “We know he will offer a fresh perspective to the partnership and be a valuable asset to our clients.”

Kazanjian, based in the firm’s Los Angeles office, will be expanding his scope of work to also include employer compliance audits – which is an extension of the work that he has been performing – and will be assisting the firm as it continues to develop and update management systems and technology.

“I look forward to helping the firm further develop its management systems. With so many of our team members working remotely, staying current with evolving technology is essential to effectively managing that team while providing consistent, reliable service for our clients,” says Kazanjian.

Baker Tilly Expands Health Care Practice

Jennifer Schwalm

Jennifer Schwalm

Chicago-based Baker Tilly (FY18 net revenue of $578.4 million) announces that Jennifer Schwalm has been admitted as a partner in its health care practice.

Schwalm has more than 25 years of experience in health care and senior services. She will serve as Baker Tilly’s senior services sector leader.

“Her vast industry experience will help our clients confront the challenges of today and develop strategies for the future,” says Mark Ross, Baker Tilly’s national health care firm leader.

Schwalm will work with senior services providers to develop and execute strategic plans; facilitate merger, acquisition, partnership, and affiliation discussions and transactions; enhance their market positioning and alignment with health care systems; identify and implement operational changes that accommodate efficiencies, and analyze the financial impacts of expansion, renovation and repositioning projects.

In her previous position as chief mission development officer with Masonic Villages of the Grand Lodge of Pennsylvania (MV of PA) and president of Ashlar Creative Solutions, a subsidiary of MV of PA, Schwalm was responsible for evaluating, developing and implementing strategic initiatives to grow the organizations while supporting their core mission.

More news from Baker Tilly

IPA INSIDER: February 2019 News

Listed below are the Top 10 most-read stories on the INSIDE Public Accounting blog for the month of February.

  1. Grant Thornton Appoints Director for Advisory Services
  2. WSJ: Former Partner at KPMG Faces Trial in PCAOB Scandal
  3. IPA Vendor Spotlight On . . . Steve Templeton
  4. Tucker & Tucker And Rea & Associates Eye May 1 Merger Date
  5. Seattle CPA Firm Watson McDonell Joins CLA
  6. Barnes Dennig Joins With Two Firms
  7. McElderry & Associates Joins Hancock Askew & Co.
  8. Mazars USA Key Leadership Changes
  9. Prager Metis Combines With Beck Villata & Co.
  10. KROST Announces Merger with Gaynor & Umanoff

Andersen Tax San Francisco Office Welcomes Managing Director Al Nunez

Al Nunez

San Francisco-based Andersen Tax (FY17 net revenue of $247 million) has admitted Al Nunez as a managing director in the commercial practice group, working from the San Francisco office.

Nunez has over 20 years of tax experience and specializes in working with clients on various matters including compliance, consulting, transfer pricing and cross-border transactions.

“Al’s extensive background in ASC 740, ASC 718 and uncertain tax positions will provide valuable skill and expertise in the San Francisco office. His overall leadership in business development and mentoring staff will contribute to the success of the office’s growth,” says U.S. Country Managing Director Dan DePaoli.

Prior to joining the team at Andersen Tax, Nunez was a federal tax partner at RSM LLP. He also previously worked at EY.