Five CPA firms merge
Five Arkansas certified public accounting firms have announced they are merging their companies. One of those firms is Prince & Tuohey, CPA of Hot Springs, which is headed by J. Michael Tuohey, according to a news release.
The other firms involved are: FDV|CPA and Consulting Services, PLLC ( Bentonville), Gasaway & Company, CPAs (Little Rock), Mcllroy. Keen. Goodman, LLP (Little Rock), and Robert G Schichtl II CPA (Conway).
The new company will operate as Garland & Greenwood CPAs and Advisors, PLLC. Jake Froemsdorf and Rocky Goodman will serve as the firm’s managing partners.
The name Garland & Greenwood was derived from the locations where the group had its initial meetings to discuss the merger: Garland County and Greenwood, Miss. The merger became official on Jan. 1.
“Our firms are merging to be able to offer our clients a greater variety of services with locations throughout the state,” Goodman said in the release. “We have several services that overlap, but each of us has various specialties that can benefit one another’s clients. Our philosophy is to utilize a
360-degree approach in evaluating our clients’ specific needs to engage them with the right experts in our firm. We will also leverage our strength in numbers to scale our business in order to provide better service to our clients.”
Once the merger is complete, Garland & Greenwood will be a Top
10 Arkansas based firm, with approximately 30 total employees and 17 CPAs.
Garland & Greenwood will provide a wide range of financial and accounting services to individuals and businesses, including tax preparation and consulting, assurance, CFO/Controller services, payroll and advisory services.
“Garland & Greenwood plans to continue to grow our service offerings and our footprint as opportunities present themselves,” Goodman said.
The only change in location involves the two Little Rock firms, which have relocated to an office building at 501 North University Avenue, which will also serve as the Garland & Greenwood headquarters.
More information can be found at http://www.garlandandgreenwood.com.
The partners are as follows:
J. Michael Tuohey, CPA-Hot Springs
Tuohey is a seasoned tax practitioner and financial professional providing financial planning advice to small business owners and other professionals. He is a native Arkansan and spent the majority of his career in Virginia, Illinois, and South Carolina. He is a graduate of the College of William and Mary. Tuohey is a member of Hot Springs National Park Rotary Club and has served on the board of directors of numerous charitable organizations including the Arkansas Society of CPAs and the Hot Springs Chamber of Commerce Board of Directors.
Jake Froemsdorf, CPA-Bentonville, managing partner
Froemsdorf spent more than 16 years in private accounting and has worked with public, private, nonprofit and startup organizations in a variety of roles. He obtained his bachelor’s degree in accounting and his master’s in business administration from the University of Arkansas in Fayetteville. Froemsdorf and his wife, Joanna, have four children, Ben, Jude, Eli and Lila.
Jaye P. Gasaway, CPA-Little Rock
Gasaway began his career at a national public accounting firm and has over 12 years of experience in audit, tax, and advisory services. His client base includes small- and- mediumsized businesses, including professional service entities, nonprofit organizations, and governmental entities. Additionally, Gasaway engages in peer review services and outsourced quality control review for other CPA firms.
Gasaway graduated with a bachelor’s degree in business administration from the University of Arkansas and has also taken coursework at the University of Central Arkansas and University of Illinois. His hobbies include running, traveling, and music. He lives in Little Rock with his wife, Brooke, and their son, Jackson.
Rocky Goodman, CPA-Little Rock, managing partner
Before joining the firm, Goodman worked in the private industry after graduating cum laude from the University of Arkansas at Little Rock with a master’s in business administration.
Goodman is currently on the board of the Downtown Rotary Club 99, where he served as treasurer. He is the secretary of the Heights Neighborhood Association and has been elected to be chairman of the Arkansas Society of CPAs in the fiscal year 2023-24. Goodman has served on the peer review committees for both Arkansas and Alabama Society of CPAs since 2012.
He lives in Little Rock with his wife, Jenni.
John Brock-Little Rock
Brock spent the first 16 years of his career in private industry working as a cost accountant and controller. He is a graduate of Arkansas Tech University with a double major in accounting and marketing and management. Brock currently serves on the board of Community Service Inc. in Morrilton. He and his wife live in Conway with their three children Ethan, Natalie and Jase.
Robert G Schichtl, CPA- Conway
Greg Schichtl began his career with a regional public accounting firm and started his own practice in 1991. He has over 30 years of experience providing audit, tax and business advisory services to small-to-medium size businesses, nonprofit organizations and governmental entities. He has served on the peer review committee for Arkansas and Alabama Society of CPAs since 2001. Schichtl obtained his Bachelor of Business Administration in accounting from the University of Central Arkansas in Conway. Schichtl lives in Vilonia with his wife, Lisa.