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SEPTEMBER 2014 – IPA BEST OF THE BESTINSIDE PUBLIC ACCOUNTING / 1IPA SPECIAL ISSUEEXCERPTED IN PARTTHE 2014 IPABEST OF THE BEST FIRMSCOPYRIGHT 2014 THE PLATT GROUP/INSIDE PUBLIC ACCOUNTING. IT IS A VIOLATION OF FEDERAL COPYRIGHT LAW TO REPRODUCE ALL OR PART OF THIS PUBLICATION WITHOUT CONSENT.
SEPTEMBER 2014 – IPA BEST OF THE BESTINSIDE PUBLIC ACCOUNTING/2EXCERPTEDIN PARTTHE 2014 IPA BEST OF THE BESTSeptember 2014Vol. 28, No. 9AIPA Best of the Best firms do more than just perform well. While they show strongSPECIAL ISSUEIPA BEST OF THE BESTBest Of The BestOverview For 20144The Complete List OfThe Best Of The Best6The Best Of The BestUnder 5 Million8The Fastest-Growing10Profit Indicators11Firms Of Distinction12The Top Five Scoring12The Best Of The BestAt A Glance12The Best Of The BestTrack Record13growth and profitability, and rank high on numerous key metrics, they also demonstratean enviable culture. These Best of the Best firms, named annually by INSIDE PublicAccounting, are at the top of their game. Firm leaders interested in constantimprovement should study what these firms are doing right. This issue of IPA providesa look at the Best of the Best behaviors, attitudes, tools and approaches that producestrong results.The Best of the Best Class for 2014 havecreated habits that institutionalized highperformance. Evidence of this can be seenin the many familiar names on the list.Half of these firms have been named Bestof the Best in previous years.The Platt Group has been constantly improving its criteria and scoring for the Best ofthe Best firms based on conversations with MPs, consultants and firm administrators.Ranked on more than 70 criteria, IPA’s formula removes imbalances, such as firm sizeor location, that can skew comparisons among participants in the annual IPA surveyand analysis of firms.INSIDE PUBLIC ACCOUNTINGA publication ofThe Platt Groupinsidepublicaccounting.comCOPYRIGHT 2014 THE PLATT GROUP/INSIDE PUBLIC ACCOUNTING. IT IS A VIOLATION OF FEDERAL COPYRIGHT LAW TO REPRODUCE ALL OR PART OF THIS PUBLICATION WITHOUT CONSENT.
SEPTEMBER 2014 – IPA BEST OF THE BESTINSIDE PUBLIC ACCOUNTING / 62014 BEST OF THE BEST FIRMSLISTED IN ALPHABETICAL ORDERFIRM / HEADQUARTERSMP / CEOAKT LLP CPAs and Business Consultants / Salem, Ore.Anchin Block & Anchin LLP / New YorkArmanino LLP / San Ramon, Calif.Aronson LLC / Rockville, Md.Bennett Thrasher LLP / AtlantaBerkowitz Pollack Brant Advisors & Accountants / MiamiBerntson Porter & Company PLLC / Bellevue, Wash.BKD LLP / Springfield, Mo.BlumShapiro / West Hartford, Conn.Boulay PLLP / Eden Prairie, Minn.CohnReznick LLP / New YorkDixon Hughes Goodman LLP / Charlotte, N.C.Edelstein & Company LLP / BostonEichstaedt & Lervold LLP / San FranciscoFeeley & Driscoll PC / BostonFrank Rimerman Co. LLP* / Palo Alto, Calif.Frazier & Deeter LLC* / AtlantaHabif Arogeti & Wynne LLP / AtlantaHein & Associates LLP / DenverHenry & Horne LLP / Tempe, Ariz.Holthouse Carlin & Van Trigt LLP* / Los AngelesKatz Sapper & Miller / IndianapolisKaufman Rossin Group / MiamiKeiter / Henrico, Va.Kerkering Barberio & Co. / Sarasota, Fla.Stephen M. TatoneFrank A. SchettinoAndy ArmaninoJeffery P. CapronRick BennettRichard A. BerkowitzRobert BerntsonTheodore D. DickmanCarl R. JohnsonMark DeNucciThomas Marino / Ken BaggettMatt SnowWilliam D. MahoneyJill LervoldThomas Feeley / Michael PoirierBryan C. PolsterSeth McDanielRichard KopelmanBrian Mandell-RiceChuck Goodmiller / Chuck InderiedenPhilip J. HolthouseDavid ResnickJames R. KaufmanMike GracikRobert J. LaneNET REVENUE 38,187,487 96,000,000 112,843,137 51,200,000 32,487,995 38,462,750 15,509,069 445,292,000 61,299,739 24,531,000 508,222,000 329,222,000 13,500,581 6,252,920 23,566,624 61,959,087 52,983,000 64,283,000 50,706,532 20,446,527 84,710,304 52,816,500 66,500,000 21,507,870 16,983,704PARTNERS/STAFF28 / 21454 / 37135 / 39731 / 22927 / 15920 / 16415 / 75243 / 2,10353 / 35728 / 143272 / 2,585219 / 1,63910 / 655 / 219 / 10721 / 26231 / 18745 / 28232 / 25615 / 9636 / 33530 / 25745 / 38319 / 12616 / 114*IPA 100 Fastest-Growing Firm. Best of the Best Fastest-Growing Firm.Source: INSIDE Public AccountingCopyright 2014 The Platt Group / INSIDE Public Accounting / www.insidepublicaccounting.comCOPYRIGHT 2014 THE PLATT GROUP/INSIDE PUBLIC ACCOUNTING. IT IS A VIOLATION OF FEDERAL COPYRIGHT LAW TO REPRODUCE ALL OR PART OF THIS PUBLICATION WITHOUT CONSENT.
SEPTEMBER 2014 – IPA BEST OF THE BESTINSIDE PUBLIC ACCOUNTING / 72014 BEST OF THE BEST FIRMSLISTED IN ALPHABETICAL ORDERFIRM / HEADQUARTERSMP / CEOKreischer Miller / Horsham, Pa.L. Paul Kassouf & Co. PC / Birmingham, Ala.Lane Gorman Trubitt PLLC / DallasLurie Besikof Lapidus & Company LLP / MinneapolisLutz / Omaha, Neb.Maxwell Locke & Ritter LLP / Austin, TexasMBAF / MiamiMcPhillips Roberts & Deans PLC / Norfolk, Va.Miller Grossbard Advisors LLP / HoustonMoore Colson / Marietta, Ga.Novogradac & Company LLP / San FranciscoPannell Kerr Forster of Texas PC / HoustonPYA / Knoxville, Tenn.Raffa PC / Washington, D.C.RBZ LLP / Los AngelesRichey May & Co. LLP / Englewood, Colo.SaxBST LLP / Clifton, N.J.SC&H Group / Sparks, Md.Seiler LLP / Redwood City, Calif.Sellers Richardson Holman & West LLP / Birmingham, Ala.Smith & Howard PC / AtlantaTanner LLC / Salt Lake CityTPP Certified Public Accountants LLC / Overland Park, Kan.Weaver / Fort Worth, TexasWhitley Penn LLP / Fort Worth, TexasStephen W. ChristianGerard KassoufBob KnightBeth Kieffer LeonardGary WittSteven W. KnebelAntonio L. ArgizEdward J. AmorossoRussell J. MillerBert MillsMichael J. NovogradacKenneth J. GuidryEdward V. PershingThomas J. RaffaJohn SchweisbergerKenneth F. RicheyRobert Paz / Stephen FerraroRonald M. CauseyJames G. B. DeMartini IIIAllen DunnJohn W. LuchtJeffrey G. BickelRobert W. ParkerTommy D. LawlerLarry G. AutreyNET REVENUE 29,390,516 9,199,265 16,898,056 24,600,000 27,097,439 17,903,550 84,200,000 12,330,418 5,805,978 14,537,042 92,475,587 21,318,131 30,034,091 36,924,317 27,933,000 10,221,153 41,891,071 57,717,200 36,100,000 17,457,035 21,165,455 14,099,248 5,338,281 88,102,491 58,712,546PARTNERS/STAFF30 / 1666 / 5816 / 9016 / 12428 / 13719 / 9949 / 42512 / 642 / 2516 / 6632 / 46716 / 10919 / 17416 / 19915 / 1288 / 5740 / 20240 / 28916 / 15114 / 9410 / 7610 / 734 / 2663 / 47738 / 285 Best of the Best Fastest-Growing Firm. IPA 200 Fastest-Growing Firm.Source: INSIDE Public AccountingCopyright 2014 The Platt Group / INSIDE Public Accounting / www.insidepublicaccounting.comCOPYRIGHT 2014 THE PLATT GROUP/INSIDE PUBLIC ACCOUNTING. IT IS A VIOLATION OF FEDERAL COPYRIGHT LAW TO REPRODUCE ALL OR PART OF THIS PUBLICATION WITHOUT CONSENT.
SEPTEMBER 2014 – IPA BEST OF THE BESTINSIDE PUBLIC ACCOUNTING / 8The 2014 IPA Best Of The Best Under 5 MillionHistorically, IPA has set a minimum of 5 million in net revenue forthe annual Best of the Best firms listing. In 2013, IPA recognized fivefirms that deserved recognition, all under 5 million.This year, IPA welcomes 10 firms to the Best of the Best Under 5Million list. Two firms, Duggan & Massey and GBH CPAs, arereturning for a second year. These firms deserve recognition for theirstellar performance and leadership. IPA2014 BEST OF THE BEST FIRMSUNDER 5 MILLIONLISTED IN ALPHABETICAL ORDERFIRM / HEADQUARTERSMP / CEOPARTNERS / STAFFBradley Consulting Group PC1 / Lakewood, Colo.Calvetti Ferguson2 / HoustonTimothy K. BradleyJason Ferguson3 / 244 / 25Duggan & Massey PC3 / AtlantaMichael W. Thompson3 / 19GBH CPAs PC4 / HoustonJeff Houston3 / 16GYL Decauwer LLP / Ontario, Calif.John Lerias3 / 21JGD & Associates LLP / San DiegoDaniel P. Schreiber5 / 24Kentner Sellers LLP / Vandalia, OhioMarvin Homan5 / 22Kirsch CPA Group LLC / Fairfield, OhioJohn B. Kirsch2 / 19Wallace Plese Dreher LLP5 / Tempe, Ariz.Scott Wallace4 / 28Wheeler Wolfenden & Dwares PA / Wilmington, Del.David M. Wolfenden4 / 181Fastest-GrowingBest of the Best firm under 5 million (17.0%) 2Fastest-Growing Best of the Best firm under 5 million (11.4%) 3Secondconsecutive year as a Best of the Best in the under 5 million rankings. 4Second consecutive year as a Best of the Best in the under 5million rankings. 5Fastest-Growing Best of the Best firm under 5 million (11.8%)Source: INSIDE Public AccountingCopyright 2014 The Platt Group / INSIDE Public Accounting / (317) 733-1920 / www.insidepublicaccounting.comCOPYRIGHT 2014 THE PLATT GROUP/INSIDE PUBLIC ACCOUNTING. IT IS A VIOLATION OF FEDERAL COPYRIGHT LAW TO REPRODUCE ALL OR PART OF THIS PUBLICATION WITHOUT CONSENT.
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yrsneFor Many Firms, A Lateral Partner HireTHE INSIDEPUBLICProvidesTheACCOUNTINGRight Prescription For GrowthApril 2009Volume 23, Number 4FIRMSFINANCIAL & OPERATIONAL REPORT CARDPlante & Moran ReadiesFor Leadership Change 4PEOPLEFormer Rea & Assoc.MP Goes Solo5AICPA / PCPSPCPS Assists Firms WithThe Economic Crisis6ASSOCIATIONSHow To Choose TheRight Fit For Your FirmA lateral partner hire can be just the right medicine for firms looking togenerate new revenue streams, develop or reinvigorate a niche, expandgeographically or grow within a developing service line.According to Allan Koltin, president and CEO of Chicago-based PDIGlobal, during the past five years, more partners have left the Big Fourto join the Top 200 firms than ever before. It is the No. 1 growth strategyfor many firms, he says.So how has the trend of lateral hiring gained traction? Part of it, Koltintells IPA, stems from the fallout at Andersen, which set the stage forREGULATIONSMark-To-Market Ongrowth within other non-Big Four firms. And as firms increasinglyThe Hot Seat10becomingtoolmorespecializeddemand ofrisesforyourspecificThis customized financial and operationalprovidesfirms andwithniche-focused,exclusive benchmarkshowTRENDSfirm compares, in more than 20 expertise.metrics to hundreds of other firms across the U.S., along with the8Some Firms TellingStaffto“StayHome” against11abilitybenchmarkthe current IPA Best of the Best firms. Broken out by Top, Middle andTracy Gallagher, senior managing director ofEXPANSIONBottomQuartiles, along with more than 20 metrics that providea quick visual snapshot ofCleveland-based CBIZ Tofias,* sees lateral hiring as aDoeren MayhewyourMakesfirm’soverallin key areas compared to more than 500 firms. Each of the metricsA BoldMove performance12tremendous opportunity for growth. Bringing in aprovides you with a quick and easy snapshot of your overall rankings.*LEADERSHIPspecialist to revitalize a niche can produce dramaticKeeping Skills Honedresults, he says. For many Operationalyears, Tofias did“some”MetricsIs Key To Success13Revenue Metrics business in the not-for-profit arena. “We had peopleOTHER NEWSRevenue perdoingperit part time butit reallyRevenueIncomeper wasn’t their specific areaAssociation Bulletin15EmployeeChargeHoursEquity PartnerStrategicMoves15 EquityofPartnerexpertise.”People In The NewsLegal IssuesOf Interest/Online161819Compensation MetricsThatIncomechangedin 2004 when MikeBurnsMetricsleft GrantTracy GallagherUtilizationThornton to join Tofias. “Clearly,” says Gallagher, “MikeThe report is customized to firm sizefirm’srevenues(IPA Topto100firms 30 CBIZmillion Tofiasand is theput basedus on andmillion toBoston 5 million.)above, 10 million to 30premiermillion, 5million to 10not-for-profitplayerthe 2greaterarea. The firm isinvolved with high-end not-for-profits, including more than a dozenINSIDE PUBLIC ACCOUNTINGFind out more onlinecollegesat /and universities, major cultural institutions and renownedA publication ofToTheordercustomGroupreport card, seemuseums.the order formon the backof thisof INSIDEPublic eon issueboard,we couldn’teven getTheour footwww.plattgroupllc.comcustom report card will be available ininlatetheSeptember.door,” hePleasesays. allow three business days for delivery, once ordered.A VIOLATIONOF FEDERAL COPYRIGHTLAWannualTO REPRODUCEALL OROF THISCOPYRIGHT 2009, THE PLATT CONSULTING GROUPparticipatedin the IPAsurveyinPARTorderforPUBLICATIONIPA to WITHOUTprovidePUBLISHER’Syou theCONSENT.neededdata (metrics).* Your firm mustIT IShaveBenchmarking is a systematic process for identifying and implementing best practices.
IPA National Benchmarking Report: Since 1990, the IPA nationalbenchmarking survey and report has been one of the most complete,independent, up-to-date sets of economic and management statisticsavailable about the profession. IPA Financial and Operational ReportCard, is a unique customized tool providing firms with an analysis ofwhere they rank in more than 20 metrics compared to other liked-sizedfirms, to all survey participants, and to the 2014 Best of the Best. IPAInternal Operational Reports: The human resources, information technology and the firm administration reports dig deeper into the operationsand best practices of participating firms across the U.S.Gain a competitive advantage and grow your firm with industryinsights from the independent newsletter and benchmarking leader.NOTE: If your firm is a current member of the associations listedPlease make checks payable to:The Platt Consulting Group4000 W. 106th St., Ste. 125-197 Carmel, IN 46032below, you will receive a PDF copy of the full 2014 IPA NationalBenchmarking Report as part of your association affiliation. AffiliatedAssociations: Alliott Group; CPAmerica; CPAConnect; Enterprise Worldwide;P (317) 733-1920 / F (317) 663-1030www.insidepublicaccounting.comLeading Edge Alliance; Moore Stephens and PrimeGlobal.ALL REPORTS WILL BE AVAILABLE IN MID-SEPTEMBER2014 IPA NATIONAL BENCHMARKING REPORTPDF National Benchmarking Report 599 / copyPrint National Benchmarking Report 659 / copyPDF and PRINT National Benchmarking Report 729 / copyORDER FORMAmount Due:Name2014 FINANCIAL & OPERATIONAL REPORT CARD*The Financial and Operational Report Card*FirmMailing Address 549/copy*Available to fully participating firms only. Please allow threebusiness days for preparation and delivery.CityZipINTERNAL OPERATIONAL SURVEY REPORTSAvailable in PDF only. 349 / copyE-Mail AddressInformation Technology Report 349 / copyPayment: CheckHuman Resources Report 349 / copyInternal Operational Package* 899/ pkg.INSIDE PUBLIC ACCOUNTING NEWSLETTERPDF Single-User Annual Subscription(Required)Print and PDF Single-User Annual SubscriptionFirmwide PDF Annual Subscription Contact ouroffice for more details.VisaMasterCardWe do NOT accept AMEX.Card #Exp. DateSecurity CodeNameBilling Address 459 / yr.CityPrint Single-User Annual SubscriptionPhoneAssociationFirm Administration Report*Internal Operational Package includes one electronic package of allthree operational reports, above.State 558 / yr. 588 / yr.Starting at 1,499 / yr.ZipSPECIAL INSTRUCTIONS:State
FINANCIAL & OPERATIONAL REPORT CARD This customized financial and operational tool provides firms with exclusive benchmarks of how your firm compares, in more than 20 metrics to hundreds of other firms across the U.S., along with the ability to benchmark against the current IPA Best of the Best firms. Broken out by Top, Middle and
