Latest news with #Aprio
Yahoo
a day ago
- Business
- Yahoo
Aprio Welcomes Boston-based Sandler & Company, P.C. to Fuel Financial Services Expansion
BOSTON, July 22, 2025 /PRNewswire/ -- Aprio, the 24th largest business advisory and accounting firm in the U.S., today announced its acquisition of Sandler & Company, P.C. (Sandler & Co.), a boutique CPA firm based in Needham Heights, Massachusetts. This strategic move significantly expands Aprio's Financial Services practice and deepens its presence in the Greater Boston area. The acquisition marks a step forward in Aprio's commitment to grow industry-specialized teams and scale nationally. By welcoming Sandler & Co., the firm doubles its financial services capabilities and enhances its ability to serve hedge funds, real estate funds, private equity firms, broker-dealers, and investment advisors with greater depth and agility. Founded in 1991, Sandler & Co. has earned a reputation for excellence in audit, tax, and advisory services tailored to the financial services sector. The firm's experience spans year-end audits, tax structuring and compliance, surprise custody examinations, and quarterly performance reviews. As of July 1, 2025, Sandler & Co. officially joined Aprio, bringing with it Managing Partner Don Sandler and a team of nine seasoned professionals. "At Sandler & Co., we've always focused on serving clients with precision, responsiveness, and deep technical skill," said Don Sandler, now a partner at Aprio. "Joining Aprio allows us to elevate that commitment by offering our clients expanded capabilities while creating exciting new opportunities for our team. We're energized by what lies ahead." Richard Kopelman, CEO of Aprio, echoed that sentiment: "Sandler & Co. brings more than three decades of deep specialization in Financial Services. Together, we're expanding the ways we support our clients in this complex and fast-evolving space through broader resources, deeper experience, and the agility to meet tomorrow's challenges." Aprio's Financial Services team delivers tailored audit, tax, and advisory solutions to hedge funds, private equity firms, broker-dealers, insurance providers, and other regulated entities. With more than 40 years of experience and a PCAOB-registered platform, Aprio helps clients navigate compliance, streamline fund formation, and mitigate risk through a personalized, insight-driven approach. This acquisition is part of Aprio's broader national growth strategy. In addition to expanding in the Boston area, Aprio has recently grown its footprint in key markets including Washington, D.C., Chicago, Austin, Denver, Baltimore, and California. Each new location strengthens Aprio's ability to serve clients with the speed, experience, and future-focused mindset they need to grow and thrive. To learn more about Aprio and its growing suite of financial services capabilities, visit About AprioAprio is the brand name under which Aprio, LLP, and Aprio Advisory Group, LLC, deliver professional services. Since 1952, clients throughout the U.S. and across more than 50 countries have trusted Aprio for guidance on how to achieve what's next. As a premier business advisory and accounting firm, Aprio Advisory Group, LLC, delivers advisory, tax, managed and private client services to build value, drive growth, manage risk and protect wealth, and Aprio, LLP, provides audit and attest services. With proven experience and genuine care, Aprio serves individuals, entrepreneurs, and businesses, from promising startups to market leaders alike. Aprio has grown to 2,300+ team members providing solutions to clients in industries including Manufacturing and Distribution, Non-Profit and Education, Professional Services, Real Estate, Construction, Restaurant, Franchise & Hospitality, Government Contracting, and Technology and Blockchain. Follow Aprio:Aprio Website: Aprio Careers: LinkedIn: Facebook: View original content to download multimedia: SOURCE Aprio Sign in to access your portfolio
Yahoo
06-06-2025
- Business
- Yahoo
Aprio expands in US with addition of OCS and Nextfed
Aprio, a US business advisory and accounting firm, has announced the acquisition of O'Connor Consulting Services (OCS). The addition of OCS to Aprio's portfolio on 1 June 2025 brings a wealth of experience in nonprofit business advisory and interim outsourcing services to the firm. OCS, established in 1999 and based in the Washington, D.C. area, specialises in a range of services including interim CFO and controller services, finance department assessments, and strategic planning. The integration of OCS's four partners and 25 professionals into Aprio's team will bolster the firm's existing nonprofit advisory services. OCS president and founder Kathy O'Connor will lead Aprio's nonprofit consulting practice together with OCS vice president Trina Gallaher. Kathy O'Connor said: 'Since day one, our goal at OCS has been to become a trusted advisor to each and every client while providing our seasoned team members the opportunity to grow and thrive.' 'Joining Aprio enables us to continue to deliver on this commitment, while expanding the ways we can help them fulfil their mission. This combination is a win for our clients, our team, and our future.' Aprio already offers outsourced accounting and strategic tax and assurance solutions, and with OCS's expertise, it will now provide a more comprehensive suite of services to nonprofit organisations. Aprio's expanded capabilities will serve a diverse array of nonprofit entities, from grassroots initiatives to international NGOs, in key markets such as Washington, D.C., Chicago, and New York. The firm has a team of nearly 100 professionals dedicated to the nonprofit sector, ensuring financial reporting, compliance maintenance, and maximisation of mission impact amidst complex regulatory demands. The McLean Group advised OCS during the acquisition process. Besides, Aprio has acquired Nextfed, a US-based strategy consulting and M&A advisory firm with a background in the commercial aerospace, defence, and government services sectors. Nextfed, established in 2011 by former National Security community leaders, offers planning, M&A advisory, and corporate transformation services, among others. The firm's executive team, including Aaron Myers, Timothy Reardon, Josh Myers, and Brian Sweeney, will join Aprio as partners in the Aerospace Defense & Government Advisory practice. Aprio CEO Richard Kopelman said: 'Nextfed's team brings a rare combination of government, aerospace, and commercial knowledge, and strategic foresight.' 'Their experience strengthens Aprio's ability to serve clients in the defence, aerospace, and government contracting sectors with integrated, forward-looking solutions.' In April 2025, Aprio also acquired SND Partners, an accounting firm in the San Francisco Bay Area, engaging in affordable housing tax credit and housing and urban development audits. "Aprio expands in US with addition of OCS and Nextfed" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
12-05-2025
- Business
- Yahoo
He's the first American Pope in history, but Leo XIV might not be able to escape the IRS
Even though Pope Leo XIV is the first American pontiff in history, he might still be subject to the Internal Revenue Service and have to file his tax return. The native Chicagoan and baseball fan will likely need to get his finances in order with the IRS, like any other American, despite his new status as leader of 1.4 billion Catholics worldwide. 'The U.S. is one of few countries that taxes citizens on income made outside the U.S., so any U.S. citizen living and working abroad will face U.S. tax compliance concerns—even the Pope,' Shivam Malhotra, a partner at Atlanta-based accounting firm Aprio, said. 'The Pope may be one of the top-ranking religious leaders in the world, but the fact pattern for his U.S. tax liability is still very similar to a U.S. citizen working abroad as a member of the clergy,' Malhotra added. U.S. citizens living abroad are required to file an annual tax return unless they renounce their citizenship. Because Leo is both a clergyman and now head of a foreign government – the Vatican – his tax situation is especially complex. Leo will have special tax considerations, but being a member of the clergy does not mean he is exempt entirely. In general, U.S. citizens living overseas need to file a tax return if their income and personal circumstances would require them to do so 'in the same way as those residing in the United States,' the IRS says. It doesn't necessarily mean that they would pay the same amount in taxes as they would living in the U.S. For individuals working abroad and earning less than $130,000 in the 2025 tax year, it's possible that they would owe no U.S. tax at all, Wise explains. But not all types of foreign incomes qualify for the exemption, including Leo, because his income is earned working for a foreign government. While the pope does not earn a salary, housing, healthcare, food and travel are covered by the Vatican. The pope can also receive a monthly allowance for personal expenses. Leo, therefore, may be required to calculate the value of his earnings. 'If he did accept his allowed salary, and if it weren't already exempt due to his diplomatic status, it would fall well under the threshold for the foreign earned income exclusion,' Malhotra said. 'And although the value of his lodging would not be eligible for the foreign earned housing exclusion, tax rules for clergy would still allow him to exclude that value from his income. However, the value of his food and transportation could, theoretically, be taxable.' Experts told the Washington Post that Leo's situation is 'brand new territory' for the IRS and the Vatican, given America's 'far-reaching' tax laws. Edward A. David, an assistant professor at King's College London's theology and religious studies department, told the Post said the situation was 'unprecedented.' 'U.S. tax law is very far-reaching. And while there might be an exemption for heads of state, this is brand-new territory for us and brand-new territory for the United States and the Vatican,' David told the newspaper. Jared Walczak, a vice president of the Tax Foundation think tank, also told the outlet that he doesn't expect the pope to end up paying U.S. taxes. The more likely outcome, Walczak speculated, is that the IRS will issue Leo a letter privately to address his situation, or Congress could pass a law outlining the tax situation for the pope. The Independent has reached out to the United States Department of the Treasury for comment. Sign in to access your portfolio
The Independent
10-05-2025
- Business
- The Independent
He's the first American Pope in history, but Leo XIV might not be able to escape the IRS
Even though Pope Leo XIV is the first American pontiff in history, he might still be subject to the Internal Revenue Service and have to file his tax return. The native Chicagoan and baseball fan will likely need to get his finances in order with the IRS, like any other American, despite his new status as leader of 1.4 billion Catholics worldwide. 'The U.S. is one of few countries that taxes citizens on income made outside the U.S., so any U.S. citizen living and working abroad will face U.S. tax compliance concerns—even the Pope,' Shivam Malhotra, a partner at Atlanta-based accounting firm Aprio, said. 'The Pope may be one of the top-ranking religious leaders in the world, but the fact pattern for his U.S. tax liability is still very similar to a U.S. citizen working abroad as a member of the clergy,' Malhotra added. U.S. citizens living abroad are required to file an annual tax return unless they renounce their citizenship. Because Leo is both a clergyman and now head of a foreign government – the Vatican – his tax situation is especially complex. Leo will have special tax considerations, but being a member of the clergy does not mean he is exempt entirely. In general, U.S. citizens living overseas need to file a tax return if their income and personal circumstances would require them to do so 'in the same way as those residing in the United States,' the IRS says. It doesn't necessarily mean that they would pay the same amount in taxes as they would living in the U.S. For individuals working abroad and earning less than $130,000 in the 2025 tax year, it's possible that they would owe no U.S. tax at all, Wise explains. But not all types of foreign incomes qualify for the exemption, including Leo, because his income is earned working for a foreign government. While the pope does not earn a salary, housing, healthcare, food and travel are covered by the Vatican. The pope can also receive a monthly allowance for personal expenses. Leo, therefore, may be required to calculate the value of his earnings. 'If he did accept his allowed salary, and if it weren't already exempt due to his diplomatic status, it would fall well under the threshold for the foreign earned income exclusion,' Malhotra said. 'And although the value of his lodging would not be eligible for the foreign earned housing exclusion, tax rules for clergy would still allow him to exclude that value from his income. However, the value of his food and transportation could, theoretically, be taxable.' Experts told the Washington Post that Leo's situation is 'brand new territory' for the IRS and the Vatican, given America's 'far-reaching' tax laws. Edward A. David, an assistant professor at King's College London's theology and religious studies department, told the Post said the situation was 'unprecedented.' 'U.S. tax law is very far-reaching. And while there might be an exemption for heads of state, this is brand-new territory for us and brand-new territory for the United States and the Vatican,' David told the newspaper. Jared Walczak, a vice president of the Tax Foundation think tank, also told the outlet that he doesn't expect the pope to end up paying U.S. taxes. The more likely outcome, Walczak speculated, is that the IRS will issue Leo a letter privately to address his situation, or Congress could pass a law outlining the tax situation for the pope.
Yahoo
30-04-2025
- Business
- Yahoo
Aprio acquires SND Partners
US-based business advisory and accounting firm Aprio has acquired SND Partners, a San Francisco Bay Area accounting firm. SND Partners specialises in affordable housing tax credit and housing and urban development audits. Financial terms of the deal have not been disclosed. Established in 1989, SND Partners was created in response to the Tax Reform Act of 1986 and has since provided audit and tax services to a diverse client base in the real estate and community development sectors. The firm, which has presence in Northern and Southern California, as well as in Hawaii, serves both for-profit and nonprofit organisations across real estate and community development sectors. Aprio CEO Richard Kopelman said: "Our combination with SND Partners reflects Aprio's continued commitment to expanding in markets where our clients need us most. 'With California's ongoing investment in affordable housing and new legislative requirements increasing demand for these services, combining with SND Partners allows us to scale our capabilities and deliver even greater value to this rapidly expanding market. 'Clients will benefit from access to a broader team, expanded service offerings, and tailored solutions. I am proud to welcome the SND Partners team to Aprio.' The acquisition brings three partners and nine professionals from SND Partners into Aprio's team. The SND team will continue operations from the Bay Area. Aprio expects the acquisition to boost its presence in California by complementing its existing offices in Los Angeles, San Francisco, and Walnut Creek. SND Partners managing partner Annette Spiteri said: 'Joining Aprio marks an exciting new chapter for SND Partners. 'We are passionate about serving affordable housing clients, and Aprio's investment in technology, people, and process will enhance our ability to help deliver impactful solutions.' Aprio national affordable housing leader Alison Fossyl said: "Affordable housing clients face increasing complexity – and they need advisors who truly understand the landscape. 'By joining forces with SND Partners, we are bringing clients deeper insights, local knowledge, and the bench strength to support their growth in this high-demand environment.' Recent additions to the firm include JMS Advisory Group; Mangold Anker Phillips; Nardone Pridgeon and Co; KRD and Burkett & Beattie; cybersecurity company Securitybricks; Pontiff + Associates; and Elite Tax & Accounting. "Aprio acquires SND Partners" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
