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Category: CBM News

January 28, 2020

Debora May and Wendy Moyers Selected by Washingtonian Magazine as Top Financial Advisors in the Washington, DC Metropolitan Region

January 29, 2020 (Bethesda, MD & Washington, DC) – Debora May, CPA, CFP®, CDFA® and Wendy Moyers, CFP®, CDFA®, respectively Executive Vice President and Senior Financial Advisor at Councilor, Buchanan & Mitchell, P.C., have been recognized by Washingtonian Magazine as top financial advisors in the Washington, DC metropolitan region. This is the eighth such recognition for Ms. May and the first for Ms. Moyers. Winners are selected through a peer review process managed and administered by the magazine. Debora May, CPA,… Read more ›

January 25, 2020

IRS Guidance Released for Tax-Exempt Organizations to Claim Credit/Refund for Fringe Transportation Benefits Tax

This article provides an update on filing an amended Form 990-T following repeal of unrelated business income tax for fringe transportation benefits. For assistance filing your return, contact CBM Not-for-Profit Practice Director Dan Weaver at 301.986.0600 or by clicking here.  ———————————————————————————————————————————– On January 21, the IRS issued guidance for how not-for-profit organizations can claim a refund or credit for unrelated business income tax related to fringe transportation benefits, for which they became liable under Internal Revenue Code (IRC) Section 512(a)(7)…. Read more ›

December 31, 2019

CBM Kicks off 2020 With Staff Promotions

December 31, 2019 (Bethesda, MD & Washington, DC) – Councilor, Buchanan & Mitchell, P.C. (CBM) is proud to announce the promotions of several members of its team effective January 1, 2020: Winnie Yang, CPA –Principal Daniel Keefer, CPA, CVA – Principal Amanda McWilliams, CPA – Manager Jessica Rose – Supervisor Lingni Xu, CPA – Senior Accountant Elliot Antokas – Senior Accountant Monica Davis – Office Manager “These promotions recognize the outstanding contributions of our team members,” said Peter B. Reilly, CPA, CVA, president and… Read more ›

December 20, 2019

Spending Bill Extends Tax Breaks, Adds Retirement Account Provisions

Spending bill extends tax breaks, adds retirement account provisions With its winter recess looming before it, Congress has engaged in a flurry of activity. Most notably, it reached agreement on a massive governmentwide spending package titled the Further Consolidated Appropriations Act, 2020. The legislation extends certain income tax provisions that had expired, as well as some that were due to expire at the end of 2019. Congress traditionally passes so-called “extenders” annually, but it neglected to do so for 2018…. Read more ›

December 20, 2019

May Barnhard Investments Launches New Website

December 20, 2019 (Bethesda, MD & Washington, DC) – May Barnhard Investments, the fee-only financial advisory affiliate of Councilor, Buchanan & Mitchell, P.C., has launched its new website, providing details about the expertise of MBI’s nine financial and investment management professionals, and an overview of the firm’s relationships with individual and institutional clients. The new May Barnhard Investments website can be accessed at www.maybarnhardinvestments.com. “When we welcomed MBI in late 2018, we wanted to enhance its visibility so clients understood… Read more ›

December 13, 2019

CBM Donates More Than 100 Toys to The Children’s Inn at NIH During the Firm’s Annual Toy Drive

Councilor, Buchanan & Mitchell kicked off its annual toy drive in mid-November in support of The Children’s Inn at NIH, a residential facility located on the grounds of the National Institutes of Health in Bethesda, MD, that allows families with seriously ill children participating in research at the NIH to stay free of charge. With just over 100 team members at the firm, project lead Martina Childress, who serves as CBM’s editor and senior proofreader, challenged colleagues to each contribute… Read more ›

November 5, 2019

Meal Assembly by CBM Team Members Supports Thousands of Hospital Patients in Yemen

On Saturday, November 2, CBM’s Assistant Controller Lisa Sippel and Tax Process Manager Lucy Gomez joined a large group of volunteers from the McLean Rotary Club to assemble meals in support of Rise Against Hunger, an organization that provides millions of meals to those in need in developing nations around the world. The meals prepared during their event, which consisted of soy beans, dried vegetables, rice and vitamin packets, went to help patients hospitalized in the nation of Yemen. Despite… Read more ›

November 1, 2019

Dan Weaver and Tony Cuozzo To Present at the GWSCPA Nonprofit Symposium

                      Director of Not-for-Profit Services Daniel L. Weaver and Senior Advisor Anthony Cuozzo are scheduled to present at the 2019 Greater Washington Society of CPAs’ (GWSCPA) Nonprofit Symposium in Washington, DC on Wednesday, December 18 from 9:05 – 9:55 am. The Symposium is an annual two-day event that delivers networking and professional education opportunities for hundreds of financial professionals in the not-for-profit sector throughout the Washington, DC metropolitan region. This… Read more ›

September 6, 2019

CBM Enjoys a Night Out at the Kennedy Center

CBM went to see Tony Award winner Dear Evan Hansen at the Kennedy Center on September 4th. Winner of 6 Tony Awards, including Best Musical and the 2018 Grammy Award, Dear Evan Hansen is the deeply personal and profoundly contemporary musical about life and the way we live it. The Washington Post calls Dear Evan Hansen “one of the most remarkable shows in musical theater history.”

August 23, 2019

Councilor, Buchanan & Mitchell, P.C. Named to INSIDE Public Accounting’s Top 300 Firms List

August 20, 2019 (Bethesda, MD & Washington, DC) – Councilor, Buchanan & Mitchell, P.C. (CBM), a full-service accounting and advisory firm with offices in Bethesda, MD and Washington, DC, has been named to INSIDE Public Accounting’s list of top 300 public accounting firms, based on revenue and ongoing financial performance. This represents the first time that CBM, which ranked #245, has appeared in the industry-recognized list, reflecting a period of rapid growth for CBM over the past five years. “CBM is… Read more ›