CBM News

Understanding the Rules Behind Your Advocacy Nonprofits shaping public policy often operate through a mix of charitable, advocacy, membership, and political entities – each with different rules and opportunities. This guide is an introduction to allowable lobbying and political activity by type of entity. Key Definitions Lobbying Activities: All activities intended to influence foreign, national, state, or local legislation. Such activities include direct lobbying (attempting to influence the legislators) and grassroots lobbying (attempting to influence legislation by influencing the general… Read more ›

Councilor, Buchanan & Mitchell (CBM) has been named to the 2025 list of top 300 accounting firms by INSIDE Public Accounting (IPA). The national accounting industry publication surveys accounting firms across the country on an annual basis to develop its list. Firms are ranked by the net revenue submitted by each participating firm. This year, CBM ranked #235 among all participating firms. CBM is honored to be recognized for the 7th consecutive year, appearing on the list since 2019.

We are thrilled to announce that Julia Lafferty, CPA, partner and director of not-for-profit services, has been named president-elect of the Greater Washington Society of CPAs (GWSCPA). She will officially assume the role of president on June 30, 2025. This honor marks a significant milestone in Julia’s long-standing commitment to the accounting profession, and the not-for-profit industry. About the GWSCPA Founded in 1923, the Greater Washington Society of CPAs is a professional association serving CPAs and financial professionals across Washington,… Read more ›

Julia Lafferty, Partner and Director of CBM’s Not-for-Profit and Employee Benefit Plan Services, was recognized by Forbes as a 2025 Best-in-State CPA for Washington, D.C. This prestigious recognition, honors top-performing CPAs across the country who have demonstrated exceptional client service, expertise, and thought leadership within the accounting profession. Julia’s inclusion on this list reflects her long-standing commitment to delivering high-quality, tailored services to her clients. To read more about Forbes methodology, see their published response here. With more than 30… Read more ›

CBM is proud to announce our president, Daniel Weaver, has joined the Board of Trustees for Trinity Washington University. This honor marks a significant milestone in Julia’s long-standing commitment to the accounting profession, and the not-for-profit industry. As a member of the Board of Trustees, Dan is responsible for the overall well-being and strategic direction of the university, including governing the university’s academic, administrative and programmatic affairs. About the Trinity Washington University Founded in 1897, Trinity Washington University is the… Read more ›

Accounting Today, the leading information resource for public accountants, ranked #14 on their list of Regional Leaders in the Capital region. The Capital region incorporates accounting firms that operate throughout Maryland, Virginia, Washington, DC and West Virginia. CBM experienced revenue growth of 3.48% over the past year. CBM earned a spot on Accounting Today’s list of top regional leaders for the past fifth consecutive year. Councilor, Buchanan & Mitchell (CBM) is a professional services firm delivering tax, accounting and business advisory expertise throughout the Mid-Atlantic… Read more ›

Councilor, Buchanan & Mitchell (CBM) will serve as a hole sponsor at the 2025 WANADA Open. An automotive industry event, the open brings together dealerships, industry partners and friends for golfing and networking. This yearly day of fun is hosted by the Washington Area New Automobile Dealers Association, a regional association that represents and promotes the retail automobile industry in the Washington metropolitan area. The 2025 WANADA Open will be held on Monday, May 19, 2025 in Sterling, VA. CBM’s automotive dealerships team is a… Read more ›

CBM is excited to have three of our divorce and litigation experts presenting at the upcoming Mid-Atlantic Collaborative Professionals Forum. Director of Divorce Litigation Services, Jordan P. Egert, CPA, CFE, CDFA®, and Managers Abbie (Niehoff) Frishman, MPS, CFP®, CDFA® and Stephanie Anderson, CFA, CFP®, CDFA®, will lead the session “Untangling Wealth: Mastering Commingled Assets in Collaborative Divorce” on Saturday, April 26th, from 9:00 AM to 10:30 AM. This session explores effective strategies for distinguishing and distributing the value of non-marital… Read more ›

On December 23, 2024, the Fifth Circuit Court lifted the injunction, allowing FinCEN to enforce Beneficial Ownership Information (BOI) reporting.  This injunction had temporarily halted the requirement for companies to comply with the Corporate Transparency Act’s (CTA) reporting rules, which were set to take effect on January 1, 2025. In response to the stay by the Fifth Circuit, FinCEN of the U.S. Department of Treasury published the following modified CTA reporting deadlines for submitting initial BOI reports: We’re Closely Monitoring… Read more ›

In August, Councilor Buchanan & Mitchell’s (CBM) Community Impact Committee organized a successful food drive to support the Capital Area Food Bank. Employees generously contributed canned goods and pantry staples to CBM’s Bethesda location. A digital campaign for monetary contributions allowed our remote employees and friends to take part in the action. In total, CBM collected 62 items including peanut butter, pasta, soup, canned vegetables and more. Our digital campaign raised $520, which will provide 1,040 meals to individuals and… Read more ›