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Peter B. Reilly, CPA, CVA

President & Managing Partner

"CBM is always building for the future and to do that, we must invest in all of our staff."

Peter B. Reilly, CPA, CVA is President and Managing Partner of Councilor, Buchanan & Mitchell, P.C. (CBM).  He currently serves on the Executive Committee, and is past director of Quality Assurance, and the Construction and Real Estate practice. Currently, Pete’s focus is on mergers and acquisitions, business transactions and succession planning.

He has 35 years of audit and tax experience in planning and supervising engagements in the construction/real estate, automotive and not-for-profit industries.

Pete performs business valuation services for a variety of clients including automotive groups, real estate LLCs, general contractors and subcontractors, government contractors, manufacturers, parking facility operators, trade shows. medical practices, restaurants and fitness facilities. He represents the firm in litigation matters, providing expertise on forensic accounting, shareholder disputes, executive improprieties, journal entry cover-ups, wrongful death calculations, and accounting standards interpretations.

Pete has extensive experience with family owned and operated businesses, and co-authored the book “Minding Your Family Owned & Managed Business”. His knowledge of accounting and tax matters has led to numerous speaking engagements, including with the Associated Builders and Contractors of Metro Washington, The Washington Building Congress, the Mid-Atlantic Surety Association, the Alexandria Chamber of Commerce, and the American Subcontractors Association of Metro Washington. Pete has also conducted seminars on auditing and accounting at the Greater Washington Society of Certified Public Accountants and the Maryland Association of CPAs.

He will be presenting at the AICPA’s ENGAGE Conference and Enterprise Worldwide’s conference on mergers and acquisitions during the summer of 2019.

Pete has also served on the faculty of Northern Virginia Community College as an instructor in accounting, and has been featured in the Wall Street Journal annual special report on financial planning and as an interviewee for Executive Leaders Radio, a nationally syndicated business program.  A podcast interview of Pete by Haydenrock Solutions appeared in the book of accounting thought leaders, “Changing the Face of Accounting: Forward-thinking Conversations About Reinventing the CPA Field”. Pete was featured by the Virginia Society of CPAs in a Member Spotlight.

Professional Qualifications and Education

  • Certified Public Accountant (MD, VA), American Institute of CPAs
  • Certified Valuation Analyst, National Association of Certified Valuation Analysts
  • Bachelor of Science (Business Administration), Marquette University
  • International Economics Program, University of Loyola, Roma, Italy

Professional Associations and Activities

  • American Institute of Certified Public Accountants, Member
  • Greater Washington Society of CPAs, Committee Chair, 1st Real Estate and Construction Conference

Civic and Business Associations

  • Bishop Ireton High School – Chairman of the Board of Governors
  • Bank of Georgetown – Advisory Board, Past
  • Burke and Herbert Bank – Advisory Board, Past
  • Belle Haven Country Club, Capital Funds – Chairman, Past President
  • Alexandria Chamber of Commerce – Member
  • Country Club Swimming & Diving Association – Past President
  • District of Columbia Jaycees – Treasurer
  • Alexandria Center of Employment – Treasurer
  • Saint Mary’s Home and School – Treasurer

Awards & Recognition

  • “2015 Outstanding Member in Public Practice” – Greater Washington Society of Certified Public Accountants (GWSCPA)

Articles, Interviews & Whitepapers

  • “Executive Leaders Radio”, Interview by Herb Cohen (syndicated radio program)
  • “Managing Your Family-Owned & Managed Business” 26 Strategies for Small Business Success” – contributed an article (click here and scroll down to request a complimentary copy)
  • “Changing the Face of Accounting,” Interview by Ian Welham, Haydenrock Solutions
  • “When the Whistle Blows: Successful resolutions start with effective policies.” – Published in Disclosures Magazine, May/June 2015 issue

Point of View

  • On Today’s Environment for Clients… “It is constantly changing, challenging, and competitive! Our auto clients are faced with pricing challenges, changing franchise and tax laws, Internet purchasing and consolidation, to name a few. Our Not-for-Profit clients are searching for additional revenue sources; whether it is from member services or contributions, IRS scrutiny, program relevance, accountability and board governance issues. Contractors continue to fight margin issues and cash flow. Retirement and succession planning remain important discussions with our high net worth clients. It is always rewarding when we can help our clients face these challenges.”

Influence

  • Book influence…”‘Are You My Mother’ by Dr. Seuss. Reading this book with our daughter allowed us to diagnose her dyslexia at an early age.”

Inspiration

  • My perfect day… “starts with sunrise fishing at Cape Point, NC, followed by Crissy (my wife) and I taking Dublin (our dog) for a walk and swim, then everybody surfing, skimboarding, playing football, body surfing, grilling fresh clams and hot dogs, and falling asleep to the sound of the pounding surf.”

Lightning Round

  • Where is your favorite place to spend free time? In my free time, you are most likely to find me at a swimming pool.
  • What do you want people to remember? I want people to remember and emulate those who truly inspire them.
  • Where is your favorite place to travel? I’ve been fortunate enough to have traveled to many faraway places, both for business and with family. Embracing the world is reflected in our multi-cultural work environment. My favorite destination for my family is Rome, Italy. For pleasure, it is fly fishing the Seychelles’ Islands. For work, it would be helping to remove land mines in Cambodia or Sri Lanka.
  • What are four to five words you think describe you? The five words that describe me are: passionate, compassionate, fair, respectful, and fun.

Seen and Heard

 

 

 

 

 

 

 

 

 

Pete Reilly serves as a panelist on “Business Succession Planning: Leaving a Legacy” at the 2014 Enterprise Worldwide SuperConference