CBIZ, Inc. today announced that it has signed a definitive agreement to acquire Strategic Employee Benefit Services - The Pruett Group, Inc. (SEBS-Pruett) of Nashville, Tennessee, effective October 1, 2012. Founded in 1984, SEBS-Pruett is an employee benefit and consulting firm providing midsized businesses with group health insurance. It is located in Nashville, Tennessee, with additional offices in Chattanooga, Johnson City, and Knoxville. The SEBS-Pruett acquisition is expected to add thirty-six employees and approximately $5.1 million to CBIZ annualized revenue.
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On joining CBIZ, Ken Rideout, who was appointed president of CBIZ Nashville Benefit and Insurance Services, stated, "We are very excited to join the CBIZ organization. This new partnership will allow us to continue to focus on the needs of our existing clients while expanding our capabilities and services. Joining a world-class organization such as CBIZ provides us with resources and stability in the face of our rapidly changing industry."
Steven L. Gerard, CBIZ chairman and CEO, stated, "We are very pleased to add SEBS-Pruett to our growing employee services business. Under the leadership of Ken Rideout, we expect to expand our market penetration in this geographic area and provide our existing and future clients with a more comprehensive array of professional products and services."
Seven accounting professionals with Citrin Cooperman in Philadelphia have been named among the region's top practitioners by readers of business magazine SmartCEO. Praised for their rational, objective advise, sound ethics and careful attention to detail, Citrin Cooperman partners Mark S. Carrow, CPA, MST; Jeffrey Gittler, CPA; Michael J. Kline, CPA, MST; and James A.J. Revels, CPA, MST; and directors Michael Bull, CPA; Matthew W. Lakofsky, CPA, CVA; and Michael Zyborowicz, CPA, were included in SmartCEO's SmartCPA Readers Choice section. The section recognizes Philadelphia-area's top accounting professionals - those trusted advisors on whom CEOs rely for everything from accounting and tax preparation to mergers and acquisitions and general business consulting.
Carrow provides tax services and business consulting advice to closely held entities, executives of publicly held corporations and development-stage enterprises. He focuses on implementing tax and financial planning strategies to optimize business transactions. He works with start-up companies to provide appropriate entity structure advice, valuation expertise, and finance consulting. Carrow concentrates on the financial services, franchising, hedge fund, and legal industries, with particular emphasis in franchising.
Gittler is a member of Citrin Cooperman's quality control group. With more than thirty years of experience, he helps ensure that the firm's work meets the highest standards. Gittler specializes in employee benefit plans and the not-for-profit industry. His areas of service include accounting, bookkeeping, audit work, and employee benefit plans.
Kline is a leader within the firm's tax services group. As such, he is responsible for client service and quality control. He also advises clients on issues including ownership structure, entity decisions, multistate tax, and succession planning. With considerable experience handling corporate and individual tax issues as well as those relating to partnerships, Kline focuses on the real estate industry and closely held entities, among other clients. He frequently represents clients before the IRS as well as state and local government agencies.
Revels provides comprehensive, customized, and innovative planning, accounting, auditing, administration, and income tax services for a wide range of clients, including early stage corporations, private equity funds, high-net-worth individuals, family office groups, closely held entities, senior executives, and employees of public and private organizations. Revels also provides expert witness opinions and testimony for law firms and represents clients before the IRS and state agencies.
Bull concentrates on the audit, tax, and consulting needs of a variety of clientele, including private schools, not-for-profit organizations, and the real estate industry. He also advises clients regarding internal control matters.
Lakofsky focuses on partnerships and S-corporations as well as closely held companies in the real estate, legal, and financial service industries. He is a certified valuation analyst with considerable experience in performing valuations.
Zyborowicz is a director, providing general audit and business consulting services as well as consultation on internal controls matters, financial statements preparation, and benchmarking.
Elliott Davis, LLC, one of the largest accounting, tax, and consulting services firms in the Southeast, has been named among the "Best Places to Work in South Carolina" for a sixth consecutive year.
The firm ranked third in the large company category (250 employees or more) and was recognized last night at the seventh annual awards banquet held in Columbia, South Carolina. Elliott Davis has ranked among the top five large companies since it began participating in the program in 2007.
"We take great care in providing our 400 employees with opportunities, benefits, and programs that contribute to long-term career fulfillment," said Rick Davis, managing shareholder for Elliott Davis. "We are pleased to have received such positive feedback and proud to be recognized with this prestigious award for a sixth straight year."
The program is a multiyear initiative aimed at identifying and recognizing the state's most innovative and top-notch employers, and it involves a partnership among the South Carolina Chamber of Commerce, South Carolina Job Network, and SC BIZ. Entrants are assessed through a two-part process that includes an employer benefits and policies questionnaire as well as an employee engagement and satisfaction survey.
Elliott Davis employees benefit from competitive compensation, 21+ days of annual paid time off, career coaching and mentoring, extensive training opportunities, and flexible schedule options. The firm also boasts programs for wellness, leadership, and a Women's Development Council.
Robert H. Attmore, chairman of the Governmental Accounting Standards Board (GASB), will retire June 2013, the Board of Trustees of the Financial Accounting Foundation (FAF) announced. A former auditor and deputy comptroller for New York State, Attmore has served as GASB chairman since July 2004. "On behalf of the Board of Trustees and, more importantly, taxpayers, municipal bond investors, and state and local government officials across the country, I want to offer my sincere thanks to Bob for nine years of thoughtful and dedicated leadership of the GASB," said John J. Brennan, chairman of the FAF Board of Trustees.
"During Bob's tenure, the GASB has tackled such important - and difficult - accounting issues as pensions and other retirement benefits, derivatives, municipal bankruptcies, and fund balance reporting with professionalism and a regard for the concerns of every affected party. I look forward to continuing to work with Bob until next year, when he begins his well-deserved retirement," Brennan added.
"Serving as the GASB chair has been a distinct honor, particularly as we've worked through some key areas of financial reporting in the public sector," Attmore said. "After balancing the GASB's accomplishments and the ongoing work of the board with my desire to devote more time to my family . . . I made the decision to retire next year. While the GASB continues to have important work underway, the next nine months will provide adequate time for us to ensure a smooth transition to new leadership."
Attmore was appointed to serve as the chairman of the GASB effective July 1, 2004. On July 1, 2009, he began serving a second and final, five-year term as chairman. Prior to joining the GASB, Attmore worked for New York State for more than twenty-three years, serving as deputy state comptroller and state auditor from 1986 until 2003.
Attmore also has served as president of the National State Auditors Association and has held leadership positions with the Association of Government Accountants; the National Association of State Auditors, Comptrollers and Treasurers; and other professional organizations. He is a graduate of Villanova University, a CPA, and a Certified Government Financial Manager.
Brennan said the FAF will begin a search for Attmore's successor soon.
Members of Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC (FMRTL), Cranford, participated in their 4th Alzheimer's Association Jean Day, supporting firm member Ruthann Santangelo. The Alzheimer's Association is the leading global voluntary health organization in Alzheimer care and support, and the largest private, nonprofit funder of Alzheimer's research. Their mission is to eliminate Alzheimer's disease through the advancement of research, to provide and enhance care and support for all affected, and to reduce the risk of dementia through the promotion of brain health. FMRTL members were encouraged to wear purple and denim in exchange for making a donation on behalf of the cause.
Georgia Southern University accounting students are about to gain a major edge on the competition through a $308,000 software and support donation by ACL, a global provider of technology for audit, finance, risk and compliance. Georgia Southern received the package under ACL's Education Futures Program.
The donation and recognition is the result of the work of Robert Marley, PhD, an accounting professor in Georgia Southern's College of Business Administration (COBA). Marley, who previously worked with the software at the University of South Florida, was required to submit a proposal on how the software would be used at Georgia Southern.
"I am excited to bring the ACL Education Futures Program to the College of Business Administration at Georgia Southern University," said Marley. "This software is used by the majority of CPA firms and corporations, and our students will now have an additional competitive edge when they are interviewing for jobs."
Holtz Rubenstein Reminick announced that Barry H. Garfield has been appointed managing partner.
Garfield, who has played an integral role in the growth of the firm since joining over twenty-five years ago, has been the partner in charge of practice development and a member of the Executive Committee. Garfield has also taken an active role in the firm's strategic growth, in diversifying its service offerings, and in engineering future growth through merger and acquisition activity. Client service has always been a priority for Garfield as well, who has extensive experience in the accounting and auditing of both publicly traded and privately held companies.
Frank Candia, former managing partner, will continue on with the firm, where he will assist in evaluating existing growth and pursue new opportunities for the firm. Since 1996, Candia led the firm through a period of tremendous growth. Under his leadership, Holtz Rubenstein Reminick was named "fastest growing accounting firm in America" in 2005 and 2006, and it remains one of the top twenty-five accounting firms in the New York metropolitan area.
"Thanks to Frank Candia's governance, Holtz Rubenstein Reminick is already a leader in the industry and in the community," said Garfield. "It's my intention to keep the firm moving forward by maintaining the high quality of services that we are known for. We'll be rolling out new niche industry practices that are relevant to our New York metropolitan client base and mentoring our younger professional staff, who ultimately are the future leaders of our firm."
In addition, three of the firm's professionals have been admitted to the partnership group - Stephen Aponte, Harold Deiters, and John Ingrassia.
Aponte has over fifteen years of experience in public accounting, offering tax planning and compliance for individuals and businesses of all sizes. His specialties include privately held investment partnerships, law firms, and attorneys.
Deiters is a professional in business appraisal and forensic accounting. His experience covers valuations for matrimonial settlements, estate tax purposes, gift planning, shareholder disputes, buy/sell agreements, and complex forensic accounting projects.
Ingrassia has a concentration in tax accounting, planning, and compliance services and is an established expert on tax disclosure matters in connection with public filings as well as mergers and acquisitions.
KatzAbosch, one of the Mid-Atlantic Region's leading certified public accounting and consulting firms, has expanded its business valuation and litigation support practice by launching a new wholly owned subsidiary, KatzAbosch Valuation Services LLC. This new vertical is led by David Witherspoon and operated by KatzAbosch, P.A.
KatzAbosch Valuation Services LLC will continue to provide the same high quality of service expected by clients of KatzAbosch, but with a broadened focus on consulting services, such as pre-money valuations for start-ups, SBA loan documentation, transaction consulting, and stock option valuations. Combined with previously offered tax, financial reporting, litigation, and consulting services, KatzAbosch Valuation Services LLC is a stand-alone, full-service valuation company.
Witherspoon has over fifteen years' experience in business valuations and litigation support. He holds an MBA in Corporate Strategy and Corporate Finance from American University, Kogod School of Business and has earned the Accredited Valuation Analyst (AVA) designation from the National Association of Certified Valuation Analysts (NACVA). He will be working closely with the former chairperson of KatzAbosch's service group for business valuations and litigation support, Joel Charkatz, CPA, CVA, CFE. Charkatz, a shareholder and director with the firm, will remain with the group and continue to offer his accumulated experience of over thirty-five years within the Maryland business community. "David brings fresh perspective and new areas of expertise to our firm. We are thrilled to have him on board," says Charkatz.
"KatzAbosch has developed a strong reputation with both its clients and peers. It is this reputation, characterized by technical competency, client-first focus, value-added service, and community involvement that attracted me to the firm. I look forward to adding my technical competencies to the team and providing top quality valuation and litigation support services to our clients," said Witherspoon.
Brian Masterson and Bryan Follis have joined KPMG LLP, a US audit, tax, and advisory firm, as directors in Nashville to help meet growing demand from clients in the healthcare sector and other industries. Masterson joins KPMG's Washington National Tax group, and Follis is now a member of the firm's Federal Tax practice.
Masterson has more than fourteen years of experience providing federal and state tax advice to public and privately held corporations and pass-through business entities, including partnerships, S corporations, REITs, and REMICs. He is an adjunct professor at the Georgetown University Law Center in Washington, DC, and also teaches in the Master of Accountancy program at Lipscomb University. He received his BS in accounting from Lipscomb University, a JD from the University of North Carolina School of Law, and an LL.M. in taxation from the Georgetown University Law Center.
Follis brings more than sixteen years of tax and healthcare experience to KPMG. He began his career at the firm, and subsequently was a senior manager in the Nashville office of another international public accounting firm before rejoining KPMG as a director. Follis earned a BS degree in accounting with honors from the University of Alabama and a master's degree in accountancy and taxation from the University of Tennessee.
Marco Pace has rejoined KPMG LLP as a principal in the firm's Economic and Valuation Services (EVS) practice. Based in New York, he will use his extensive international tax and transfer pricing experience to provide clients with operational transfer pricing and related tax services.
Prior to returning to KPMG, Pace was the vice president of international tax at Thomson Reuters. He also served as an international tax senior manager for Pepsi Bottling Group, Inc. Pace earned both a BS degree in accounting and a JD from Fordham University.
Lattimore Black Morgan & Cain, PC (LBMC), one of the Southeast's largest accounting and business consulting firms, has added Jessica Toney in its Brentwood (Nashville) office.
Toney has joined the firm as a staff member in the Tax Department's Tax Services division, focusing on tax compliance and consulting for mid- to large-sized companies. Previously serving as an LBMC tax intern, she has already completed one tax season with LBMC. Toney is a graduate of Lipscomb University with a bachelor's degree as well as a master's degree in accountancy.
LBMC Employment Partners, LLC, a member of the LBMC Family of Companies, has added Denise Baltz in its Brentwood (Nashville) office.
Baltz has joined in a payroll specialist position in the Nashville office. She previously worked in the HR/payroll department at Film House, Inc. In her new role, Baltz has already established strong working relationships with her clients providing comprehensive payroll solutions.
LBMC Technologies, LLC, a member of the LBMC Family of Companies, is pleased to announce the recent addition of Kevin Roswell to the network operations division in its Brentwood (Nashville) office.
Roswell has been hired as a network systems engineer. Most recently he served as a network administrator for the Tennessee Wildlife Resources Agency. He is a graduate of Nashville State Community College.
The CPA firm of Louis T. Roth & Co. is pleased to announce Catherine Graviss has been promoted to staff accountant.
Graviss joined the firm in 2006. In her role as staff accountant, she will provide comprehensive tax, accounting, and consulting services to the firm's clients. She received her Certificate in Accounting in May 2012 from the University of Louisville. In addition, she graduated from Bellarmine University in 2004 with a BA in English.
Rothstein Kass, a leading professional services provider to the financial services industry, today announced that it has expanded its national footprint with the opening of a full-service office in Boston. The Boston office opens with thirty-four professionals serving a wide variety of clients in the hedge fund, private equity, venture capital, and family office businesses, to name only a few. Now, with nine offices and more than 1,100 employees, the move is the latest demonstration of the firm's growth.
The full Boston expansion comes shortly after a team of sixteen family office professionals joined Rothstein Kass from Boston-based JDJ Resources in late July. Rothstein Kass continues to expand its family office capabilities and geographic reach amid a growing demand for resource flexibility and specialized expertise in both the single-family and multifamily markets. The Boston office will be headed up by longtime Rothstein Kass principal Jeff Somers.
"With an already strong client base there and a clear demand for the unique brand of professional services we provide, Boston was the logical next step in our national expansion," said Steven Kass, co-CEO and co-managing principal of Rothstein Kass. "We have established ourselves as a national leader serving the financial services industry, and Boston's financial community is thriving. There is a tremendous amount of opportunity and talent in this region and we look forward to being part of the city for years to come."