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Category: CBM News

July 28, 2020

Investing in a Volatile Stock Market

On July 23, Richard Morris, Director of Tax Services, and Senior Investment Advisor, Alex Seleznev collaborated on an article for Harness Wealth on the topic of tax planning during a time of stock market volatility. Among the topics covered are what to avoid with regards to investments and how to handle Roth IRAs. Click here to read the full article.

July 24, 2020

How to Best Determine A Builder’s Risk Premium

  Builder’s risk insurance provides protection for a structure that is damaged during construction. These policies are usually broad. In fact, the coverage is generally extensive enough to include construction equipment and machinery, as well as materials, fixtures, and appliances — all vital parts of a completed structure. It can also cover temporary structures, such as office trailers, on a project site. If a loss occurs, the insurance company will pay to repair the damaged property. However, keep in mind… Read more ›

July 23, 2020

Pete Reilly Discusses What Shaped His Current Leadership Methods on Executive Leaders Radio Show

Pete Reilly, President and Managing Partner at Councilor, Buchanan & Mitchell, was interviewed on Herb Cohen’s Executive Leaders Radio show in early 2020. The two spoke about Pete’s early managing experiences and how they shaped his current impactful methods of leadership today. Pete begins with a story of his first managing position at a local community pool and swim team, and how the diversity in experience served as the foundation for the way he leads his teams at Councilor, Buchanan… Read more ›

July 23, 2020

Dan Weaver, Judy Barnhard and Tony Cuozzo to Present at the 2020 GWSCPA Not-for-Profit Symposium

CBM’s Director of Not-for-Profit Services Dan Weaver, Senior Vice President Judy Barnhard, and Senior Advisor Tony Cuozzo are scheduled to present at the 2020 Greater Washington Society of CPAs’ (GWSCPA) Nonprofit Symposium from Monday, December 14 through Wednesday, December 16. The Symposium is an annual two-day event that delivers networking and professional education opportunities for hundreds of financial professionals in the nonprofit sector throughout the Washington, DC metropolitan region. Due to COVID-19, this years Symposium will be held virtually. Mr…. Read more ›

July 20, 2020

FASB Delays Effective Dates of Revenue Recognition and Lease Accounting Standards for 2020

In an effort to alleviate stress for private companies during the unprecedented challenges of the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) has voted to delay the effective dates of the revenue recognition and lease accounting standards. FASB board members are expected to vote in favor of an Accounting Standards Update (ASU) reflecting this change on a final, written ballot. Nonpublic entities who have yet to issue financial statements will have a one-year extension for revenue recognition. The effective… Read more ›

July 17, 2020

Jamie S. Siegal Joins CBM, Expanding the Firm’s Divorce Finance and Litigation Support Practice

PDF Version: Jamie Siegal Joins CBM, Expanding the Firm’s Divorce Finance and Litigation Support Practice Jamie S. Siegal, CPA, CDFA®, has joined Councilor, Buchanan & Mitchell, P.C. (CBM) as a divorce financial and litigation support manager, expanding the firm’s divorce services practice. She joined CBM’s divorce division team of six professionals at the firm to help clients navigate the complexities of financial planning and decision-making during divorce. She has expertise working to deliver the most favorable outcomes possible for clients… Read more ›

July 6, 2020

CBM Announces Staff Promotions

  July 6, 2020 (Bethesda, MD & Washington, DC) – Councilor, Buchanan & Mitchell, P.C. (CBM) wishes to congratulate the following team members who have demonstrated ongoing technical and professional expertise. We are proud to announce their promotions effective July 1, 2020. Michelle Belfont, CPA –Senior Manager Angela Prochaska, CPA – Senior Manager and Director of Professional Development Mihaela “Mikki” Obreja, CPA, MBA – Senior Tax Manager Jordan Egert, CPA, CFE, CDFA® – Senior Manager, Litigation Support and Forensic Services… Read more ›

June 19, 2020

CBM Manager Jordan Egert Graduates from GWSCPA Margaret DeBoe Leadership Program

Jordan Egert, CPA, CFE, CDFA®, manager of litigation support and forensic services at Councilor, Buchanan & Mitchell, graduated  from the Margaret DeBoe Leadership Program during a virtual recognition program on Thursday, June 4. The program, administered by the Greater Washington Society of CPAs, delivers an in-depth educational program for an annual cohort of rising accounting firm leaders to develop their communication, management, leadership and business development skills as a complement to their technical skills. Since 2016, GWSCPA has hosted the… Read more ›

June 14, 2020

CBM Named by the Accounting & Financial Women’s Alliance as One of the Best CPA Firms for Equity Leadership for the Second Consecutive Year

For the second consecutive year, Councilor, Buchanan & Mitchell, P.C. (CBM), a full-service accounting and advisory firm based in Bethesda, MD, has been named one of the best accounting firms in equity leadership by the Accounting and Financial Women’s Alliance (AFWA). This recognition continues to reinforce CBM as a top firm that offers professional opportunities for women throughout the accounting profession. Currently, 44% of CBM’s firm leadership is female, 65% of the staff is female and 30% of the team… Read more ›

March 25, 2020

CBM Encourages Clients to Submit Tax Organizers and Documents Despite Tax Day Extension

Despite the extension of the Tax Day deadline from April 15 to July 15, CBM still encourages clients to submit their completed tax organizers and documents as soon as possible so the firm’s professionals can continue preparing their taxes.  Clients should consider transmitting them through CBM’s online portal, by email or via courier or the U.S. postal service. Clients who choose to email information should not include sensitive information. CBM would like to thank its clients for continuing to work… Read more ›