Goodman & Company

Infobox_Company
company_name = Goodman & Company, LLP
company_
company_type = Limited Liability Partnership
foundation = 1932; M. Lu Goodman
Norfolk, VA
location = Virginia Beach, VA
key_people = Thomas H. Wilson, Managing Partner
num_employees = 500+
industry = Professional services
services = Audit
Tax
Business Consulting
Specialized Services

revenue = profit$71.5 million|USD (2007)
slogan = Accounting For Your Future
homepage = [http://www.goodmanco.com/ www.goodmanco.com] , [http://www.goodmanco.jobs/ www.goodmanco.jobs]

Overview

Goodman & Company, L.L.P. (Goodman), founded in Norfolk, VA in 1932, is the largest certified public accounting firm based in Virginia, and is listed as one of the top firms in the nation. The firm has over 80 partners and 500 employees across Virginia, with an emerging presence in Maryland. Goodman & Company offers solutions in the fields of Accounting and Auditing, Tax Planning and Compliance, Retirement Plan Services, Estate & Financial Planning, Human Resources, and Accounting Software Services. Other specialized services include Business Valuation, Tax Credit & Incentive Programs, SOX 404 consulting, Debt & Equity Financing, and Strategic Business Planning.

Firm History

Goodman & Company, LLP (Goodman) was first founded in 1932 by M. Lu Goodman. Working along side D. Vernon Norman, the firm was originally known as Goodman, Norman & Company.

By the late sixties, Goodman had merged with the firm Berger & Wilson, and was officially renamed “Goodman & Company” to honor the then retired founding partner.

In 1978, Goodman merged with Bowman, Upton & Murphy and expanded its practice into Virginia Beach and Richmond, VA.

Recognizing that the Richmond market had a great deal of potential for a medium sized full service accounting firm, efforts were started to expand the practice to offer a broader range of services. This culminated in the merger with Levin and Rochkind in 1979.

Just after the 50th anniversary of Goodman & Company, the firm was recognized by the Tidewater Virginian as having “evolved into the largest independent accounting firm in the state”.

By the mid eighties, Aaron Rosen & Company merged with Goodman & Company, making Joan Aaron the first female partner of Goodman and expanding their presence into Newport News, VA.

From the late eighties well into the new millennium, Goodman & Company continued to merge with several companies including:
• Womack and Burke
• Erny & Mason
• Collins-Gregg Associates
• LaLonde, Wooding & Young
• Harry Schwarz & Company
• Aim Associates, Inc
• Norton & Associates
• Terry Hagen & Atwood
• Eason Lawson & Westphal
• Salter & Hall
• Hope Player & Associates
• Bresenoff & Associates
• Collins Forbes & Company
• Hollrah, Bernstein & Funkhouser, LLP
• Manning, Perkinson, Floyd & Company
• Crutchley, Marginot, & Tosi
• Kamerow, Weintraub & Swain, LLP
• Strickland & Shuler, PC
• West Crawley & Winn

These mergers resulted in the locations across Northern Virginia, Southwestern Virginia, Hampton Roads, & Maryland.

Goodman & Company recently celebrated its 75th anniversary in 2007 and now consists of over 80 partners and 500 professional staff.

Services

"Accounting and Auditing"
• Financial Statements and Reporting Requirements
• Forecasts and Projections
• Agreed-Upon Procedures and Other Attestation Engagements
• Personal Financial Statements
• SOX 404

"Business and Individual Tax Services"
• Annual Compliance and Planning
• Federal and State Credit Programs
• Multi-state or International Issues
• Succession Planning

"Business Valuations/Mergers and Acquisitions"
• Business Purchase, Sale, Dissolution
• Distribution of Estate and Trust Assets
• Credentialed Valuation Resources
• Financing Options
• Contract Negotiations
• Marital Dissolutions

"Estate and Personal Financial Planning"
• Charitable Remainder Trusts
• Insurance Strategies and Needs Analysis

"Debt and Equity Financing"
• Due Diligence Procedures
• Public/Private Offerings
• SEC Regulation Compliance

"Qualified Plan Audits and Administration"
• 401(k) Plan Administration and Audits
• Plan Adoptions, Updates, and Terminations
• Audits via ERISA, DOL, IRS
• Approved Regional Prototype

"Specialized Services"
• Litigation Support and Forensic Accounting
• Enterprise Zone Qualification
• International Tax, Disclosure and Transaction Issues
• Feasibility Studies
• Informational Surveys

Industries

• Architecture/Engineering
• Auto Dealerships
• Construction
• Financial Institutions
• Government Contractors
• Health Care Professionals
• Long Term Care Providers
• Municipal and Governmental Entities
• Not-for-Profit Organizations
• Real Estate

Community Involvement

"Annual Scholarship" - In an effort to help promising students pursue public accounting as a profession, we award the Goodman & Company, LLP, Annual Scholarship of $2,500 each year to a college junior or senior accounting major. The student must be currently enrolled in an accredited Virginia college or university and must demonstrate academic excellence and financial need. The VSCPA Educational Foundation administers the scholarship, with funding from Goodman & Company.

"Goodman Accounting Challenge" - The Goodman Accounting Challenge is an interactive and educational competition in which teams of four students research and present written solutions to a test that simulates real-life accounting situations. In 2007, 24 teams participated, with the first place winner receiving $2,500 for their school accounting department, and $1,500 per team member.

Websites

[http://www.goodmanco.com] Goodman & Company Website
[http://www.goodmanco.jobs] Goodman & Company Careers
[http://www.goodmanco.com/gac/] Goodman Accounting Challenge

References

[1. http://www.pcaobus.org/Inspections/Public_Reports/2007/Goodman.pdf] PCAOB Report
[2.http://www.msnainc.org/assnfe/cv.asp?ID=19&SNID=2] Moore Stepehens North America Affiliation
[3.http://www.goodmanco.com] Company Website
[4.http://www.vault.com/companies/company_main.jsp?co_page=1&product_id=38606&ch_id=253] Vault Company Overview
[5. http://www.vscpa.com/Ed_Found/SA/Scholarships/Goodman.aspx] VSCPA- Goodman & Company Annual Scholarship