Member News

DTE Goes From Strength to Strength

Powerful growth of 19 per cent means professional services group DTE , TIAG's Manchester-based member firm, is the sixth fastest growing accountancy firm in the UK - including the 'Big 4' international firms.

A sharp rise in DTE's fee income - from £15m last year to £18m in 2007 - has moved the nationally-based group from 29th to 26th position in the national 'Premier League' of accountancy firms, compiled by trade title 'Accountancy Age'.

DTE, which has offices in Manchester, London, Birmingham, Bury, Blackburn, and Wolverhampton, also generated higher fee income per partner (£1.6m) than all but five UK accountancy firms.

Managing Partner Keith Train comments: "These figures reflect an excellent year at DTE and a magnificent effort by our professionals in all departments.

"After breaking into the UK top 30 for the first time in 2006, it would have been easy to have taken our foot off the pedal, but it is extremely pleasing to report that the opposite happened."

DTE's best performing division was Corporate Finance which chalked up fee income growth of 60 per cent, while Tax, Audit and Corporate Recovery all recorded increases of 20 per cent or higher.

Train adds: "We will continue to pursue our strategy of internal expansion by developing our people and recruiting talented individuals, as well as external growth by acquisition, as opportunities arise."

Mercer & Hole Tops Female Partner League Table

The latest top 50 survey from Accountancy Age magazine puts Mercer & Hole at the top of the female partner league tables with almost a quarter of it’s partners being female compared to the UK firm average of 9.7%.

The Accountancy Age Top 50 and Accountancy magazine Top 60 survey also saw the firm move up the general league tables to positions 44 and 45 respectively as well as featuring in the Accountancy Age fastest growing mid-tier firms for Tax, Corporate Finance and Insolvency. So good news all round for TIAG's London member firm!

Overall the surveys show the accountancy industry as a whole to be in good health although firms are falling short in the quest for diversity. To find out how Mercer & Hole have fared in all areas of the surveys visit the sites linked above.

CORBIN & COMPANY ANNOUNCES PLANS TO CHANGE NAME TO  
KMJ | CORBIN & COMPANY  
 

 
IRVINE, Calif. (Feburary 1, 2007)—Corbin & Company, a multidisciplinary accounting, audit and tax firm, announced today that after 23 years of service it is changing its name to KMJ | Corbin & Company.

“For more than two decades the name Corbin & Company has represented a commitment to excellence within the tax and audit industry as well as its client relationships,” explained Kendall Merkley, the firm’s managing partner since 2005. “The new identity of KMJ | Corbin & Company will continue to reflect that commitment, as we introduce two newly promoted partners and an expanded  service set available not just in Orange County, but also in San Diego.”

Merkley, along with partners-in-charge of the audit and tax departments, Mike Faddoul and Jim Nagengast, will work in tandem with the firm’s newest partners, Tony Price and David Reule. KMJ’s newly promoted partners will assume a variety of roles, including overseeing expansion into San Diego, participating in business development opportunities and ensuring the firm’s ability to deliver a high level of client service.  
 

Read more: Corbin & Co. Changes Name

South Africa Tax Guide

TIAG's South Africa member firm, O.M.A Professional Advisory Group,  has published an excellent, concise guide to taxes in South Africa.  A pdf file containing the guide can be downloaded OMA Tax Booklet3.pdf.

 

PCAOB Registration for Mercer & Hole

Mercer & Hole is delighted to announce that the firm has been registered under the US’s Public Company Accounting Oversight Board (PCAOB).

As a result of this registration, Mercer & Hole can now act for UK subsidiaries of listed US companies, even when the UK company is a ‘substantial’ part of the group.

The PCAOB is a US private sector, non-profit organisation, created to oversee the auditors of public companies in the US.  Its role is to ensure that all US public company audits are undertaken with high standards of quality, independence and ethics.  To ensure this, the PCAOB requires all firms involved in such audits to register with them.

Read more: Mercer Hole PCAOB Registration