CBM News

Councilor, Buchanan & Mitchell’s Jordan Egert has recently been certified in the District of Columbia as a financial expert in the fields of forensic accounting, litigation support services, and family financial matters. Previously recognized as an expert in Maryland and Montgomery County, Jordan is continuing to fulfill and develop his role in the litigation process and industry at large. As senior litigation support manager, Jordan has been working in these fields for over 12 years, providing dedicated service to clients… Read more ›

On Wednesday, July 24, Councilor, Buchanan & Mitchell (CBM) team members volunteered with the Maryland Food Bank to prepare meals for underprivileged children and those facing food uncertainty throughout the state. The team’s accomplishments included preparing 550 school breakfasts and 100 lunches for children across several state counties and for delivery to five soup kitchens throughout the Baltimore metropolitan region. Among those participating were Principal Julia Lafferty, Manager Helen Wasserman, Senior Financial Advisor Wendy Moyers, Staff Auditor Eva Tung and… Read more ›

Councilor, Buchanan & Mitchell (CBM) has been approved as a professional education-based provider of Certified Association Executive (CAE) credit by the American Society of Association Executives, the nation’s leading organization dedicated to association management for both organizations and individual association professionals. ”Delivering professional CAE credit is a logical extension of CBM’s not-for-profit association services,” said Daniel L. Weaver, CPA, executive vice president and chair of CBM’s not-for-profit practice. “For nearly 100 years, our accountants and advisors have supported the financial… Read more ›

The Greater Washington Society of CPAs has elected Julia Lafferty, Principal at Councilor, Buchanan & Mitchell (CBM), to its board of governors. CBM has a long history working with GWSCPA dating back to 1924 when the firm’s founder, James Councilor, served as the society’s first president. GWSCPA, a not-for-profit organization serving the DC-area accounting profession, promotes ethical standards and educational opportunities and support for its members. The Society also acts as a liaison contact with Capitol Hill, state, and local… Read more ›

The Montgomery County Students Automotive Trades Foundation elected John Comunale, Senior Vice President at Councilor, Buchanan & Mitchell (CBM), to its board of directors effective July 1. CBM, a full-service accounting and advisory firm with offices in Bethesda, MD and Washington, DC, has served auto dealerships throughout the Washington, DC metropolitan region and up and down the U.S. eastern seaboard since 1921. MCSATF, a not-for-profit organization, represents a collaborative effort between the Montgomery County business and professional community, and Montgomery… Read more ›

Councilor, Buchanan & Mitchell (CBM) has been named one of the best accounting firms in equity leadership by the Accounting and Financial Women’s Alliance (AFWA). This recognition, published in AFWA’s 2019 Accounting MOVE Project report, highlights CBM as a firm with above-average equity by women leaders (at 47.1%). CBM’s recognition also reflects the launch of a professional development initiative for women and diverse professionals at the firm entitled CBM D-PATH (Diversity: Professional Accountants and Advisors Transforming the Horizon). The 2019… Read more ›

Over the past five years, Bethesda, MD-based accounting and advisory firm Councilor, Buchanan & Mitchell (CBM) has successfully merged in seven practices, skyrocketing the team’s size from just over 40 to 100, and earning a spot for the firm in the Washington Business Journal’s annual list of Top 25 area accounting firms. President and Managing Partner Peter Reilly, who presided over this rapid pace of growth, is scheduled to present on the financial, operational and technological impacts of these mergers… Read more ›

Congress has yet to tackle several outstanding uncertainties frustrating both businesses and individual taxpayers. The Tax Cuts and Jobs Act (TCJA), for example, contains several “glitches” requiring legislative fixes. Congress also has neglected to pass the traditional “extenders” legislation that retroactively extends certain tax relief provisions that expired at the end of an earlier year, in this case 2017. Tax Cuts and Jobs Act Glitches The sprawling TCJA signed into law in late 2017 contains some inadvertent glitches that range… Read more ›

Councilor, Buchanan & Mitchell (CBM) remains on in the Washington Business Journal’s annual list of Top 25 DC metro-area accounting and advisory firms following the recent publication of top area firms. This is the second consecutive year that CBM, which ranked at #24 for 2019, appeared on the Journal’s list. “CBM’s presence remains strong,” says Peter B. Reilly, CPA, CVA, president and managing partner of CBM. “Our firm has enjoyed significant growth in recent years due to ongoing client loyalty… Read more ›

Councilor, Buchanan & Mitchell (CBM) Senior Advisor Anthony Cuozzo testified before the Maryland State Board of Accountancy on AICPA’s proposed changes to the administration of its peer review program throughout the country including an ongoing emphasis on the practitioner’s role to more completely perform and document risk assessments associated with audit engagements. Tony also reported, as a result of a significant change AICPA has made for states that administer the peer review program, that more than 100 non-AICPA member firms… Read more ›