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Community Service

LBAHS Day 2019: Second Harvest Food Bank

Each year, our office doors close to provide employees with the opportunity to give back to a local organization. We call this “LBAHS Day.” This year, LBAHS Day took place at the Second Harvest Food Bank of Metrolina (SHFBM). This organization strives through education, advocacy, and partnerships to eliminate hunger. They do this by the solicitation and distribution of food throughout the Charlotte metro area.

Our LBAHS staff looks forward to this day each year. They jumped right in to help clean, organize, and sort donations throughout the warehouse. Kasey Mayfield, an associate, describes, “Despite being at different offices most days, we all got into an efficient rhythm while inspecting and sorting together. At one point, we had to organize the largest bin of canned goods I’ve ever seen. It started with five of us sorting but an assembly line formed and we knocked out the whole bin in around 30 minutes! Knowing there was a whole team of people there to give us help was an awesome feeling.”

Brandi Dunn, a senior associate, summarizes the day by saying,”It’s always fun to take a break from the office and able to help the community! I am glad our firm sees the value in this.”

To learn more about Second Harvest Food Bank and how you can help, click here!

In both 2017 and 2018, our team volunteered at Out of the Garden Project in Greensboro.

Here We Grow Again! LBA Haynes Strand Adds Charlotte based CPA Firm McArthur, McKeiver, & Vaughan, PLLC to The Firm

The 2017 year is here and LBA Haynes Strand has rang the proverbial growth bell again!  For the past 4 months, LBA Haynes Strand has been working to complete a deal with, Ballantyne based CPA Firm, McArthur, McKeiver and Vaughan, PLLC to unite as one combined firm.  The combination will add three Principals to the LBA Haynes Strand team with the additions of Brad McKeiver, Steve Vaughan, and Patrick Coleman.   This will increase the total of Principals to 13 and number of employees to 80 across the three North Carolina offices of the Firm.  The Firm will continue to operate under the LBA Haynes Strand, PLLC name, where the three incoming principals and the incoming staff members from McArthur, McKeiver, & Vaughan will join the Firm in the Matthews, NC office of LBA Haynes Strand.

McArthur, McKeiver, & Vaughan has been a part of the Charlotte community for over three decades, since its inception in 1978.  The mission of the firm was always to deliver pro-active and client-centered services to its clients aimed at adding value and helping their clients reach their goals.  These same ideals of being proactive and client-centric are pillars of LBA Haynes Strand, thus creating a unified Firm culture.  The addition of McArthur, McKeiver, & Vaughan will add not only a strong culture piece to the LBA Haynes Strand Firm, but also a strong dental accounting and consulting practice,  a forensic accounting offering,  and a profitability consulting service offering.

John Bly, Principal, CEO of LBA Haynes Strand had this to say regarding the combination, “We are thrilled to be able to add such a strong team of talented and driven Principals to LBA Haynes Strand.  The additions of Brad, Patrick, and Steve to our Matthews office is a natural fit for us as we seek to grow our Firm and grow the service offerings that we can offer our clients.  We strive to become a one stop shop for all middle market business owners’ accounting and financial needs in North Carolina and the Southeastern US.  The ability to ring in the New Year with such an exciting announcement can be attributed to both Firm’s hard work and dedication to a unified vision of what a modern accounting firm should be.”

In addition, LBA Haynes Strand recently announced the acquisition of Dave Recchion and SeeRisk Management Advisors out of High Point, NC.  Dave Recchion joined the Greensboro office as a Principal on December 1, 2016.

Charlotte Business Journal Fast 50 List Revealed

The Charlotte Business Journal has released their Fast 50 list for 2015. This list honors the 50 fastest growing private companies in the Charlotte region. LBA Haynes Strand is honored to have made the list for the second year in a row and continues to make firm growth a priority.

We are excited to once again join this exceptional list of Charlotte companies. Our approach to being a growth-oriented CPA Firm has led us to opportunities to grow through mergers and acquisitions as well as organically. In 2004, the LBA Haynes Strand’s Matthews office was started by John Bly and his wife Darci. The firm was known as Bly & Bly at the time. Over the next eleven years, the firm grew through a series of eleven mergers and acquisitions, including our most recent merger in 2014. These mergers have allowed the firm to grow from $0 to $8 million in revenue in a relatively short period of time and has provided the opportunity to grow our footprint in Charlotte and across North Carolina. With offices now in Matthews, Mount Airy, and Greensboro – we have become a regional CPA Firm.

Our geographical footprint isn’t the only thing that has been changed as a result of our growth strategy. We have also seen growth in our suite of service offerings that we are able to offer to clients. In the Triad we now have a large employee benefit plan audit practice, in Matthews we have a Capital Advisory arm of the firm, and overall we have grown our Sarbanes Oxley, Construction, Manufacturing, and Non-Profit Niches with the experience of key employees and the leadership of our Partner Group.

Thank you to the Charlotte Business Journal for including LBA Haynes Strand on this list and congratulations to the other 49 companies that have been honored as well.

To learn more about LBA Haynes Strand, set up a time to meet with one of our team members in Matthews, Greensboro, or Mount Airy!

What’s In a CPA Firm Name?

Accounting firm names are usually long names… lots of names… lots of letters! Why are our firm names made up of all these names and letters? Accounting firms, like other professional service firms, face many challenges in naming their company – including state regulations that require the use of the the name or initials of any partner or shareholder in the firm name. A CPA firm may also use the name or initials of a retired or deceased partner or shareholder in the firm name as long as the name is not deceptive. It is up to the CPA firm to decide the order of the names and come up with the brand that will best serve the firm going forward.

How did LBA Haynes Strand, PLLC come to be?

In 2014, when LB&A, Certified Public Accountants merged with Haynes Strand and Company, PLLC, we knew one certainty of the name… the “PLLC” would remain.  PLLC stands for Professional Limited Liability Company, which both firms were operating as already. We checked that part off the list and then moved towards the task of combining the names to retain market share and the brand in our established markets. With LB&A serving the Charlotte market, we saw this as an important must in the name. We removed the “&” to make it a more streamlined LBA. What does the LBA stand for you might ask? Firm Members last names: LaLone, Bly, Ayers. Now that we simplified one of the firm names, we moved to preserving the market share that Haynes Strand and Company had created in Mount Airy, Greensboro, and the rest of the Triad.  Haynes Strand had a large presence in the Triad, so we focused on honoring the history and the brand that had been created. We simplified and agreed to use  “Haynes Strand” from the previous firm name. “Haynes” in remembrance of John B. Haynes, who was a founder of the firm in Mount Airy and “Strand” in remembrance of Austin Strand who was also a founder of the firm and led the firm’s efforts in Greensboro.

So now we knew we were going to use “LBA”, “Haynes Strand”, and “PLLC” in the name…but the order was unclear.  We did extensive research and asked peers which name sounded best.  Our options were basically “LBA Haynes Strand, PLLC” or “Haynes Strand LBA, PLLC” – both choices properly honored our firm founders, and both created a memorable name.  During the great name debate, one of our principal members pointed out that, “Haynes Strand LBA, PLLC looks like alphabet soup!”  At that point we decided to move forward as LBA Haynes Strand, PLLC.  We honored the history and tradition of Haynes Strand and Company who had served the Triad since 1987, and we honored the culture of growth and forward thinking that LB&A had created as a firm in Charlotte.

So what’s in a name? History. Tradition. Excellence. Culture.

At this point if we have not been properly introduced, we welcome you to LBA Haynes Strand, PLLC.  We are a CPA firm that is proactively growing our practice to offer our clients a one-stop shop for all their accounting needs. With 3 full-service offices in Charlotte/Matthews, Greensboro, and Mount Airy, we are centrally located in the state of North Carolina and are looking to cement our firm as the go-to Accounting Firm for middle market companies. To learn more contact us for a no-cost consultation.

Top Ways To Spend The 4th of July in Charlotte

If you are new to Charlotte or just simply want to find an exciting new way to spend your 4th of July, the events listed below are some of the top ways to spend your holiday! Since the holiday falls on a weekend this year, you will find great events on both Friday, July 3rd and on Saturday, July 4th.

Friday, July 3rd

Charlotte Symphony Orchestra Celebrate America

Where: Symphony Park at Southpark

Time: 5:00pm – 10:00pm

Description: Enjoy a picnic with your friends and family, listen to the Charlotte Orchestra play patriotic favorites, and top it all off with a top notch firework show following the concert! Buy Tickets Now

Saturday, July 4th

US National Whitewater 4th of July Festival

Where: US National Whitewater Center

Time: All Day Event

Description: Enjoy the outdoor adventure and ambiance of the US Whitewater Center, while enjoying live music followed by a spectacular firework display!  Bring your lawn chairs and blankets as seating is limited! View Details Here

SkyShow 2015 July 4th Spectacular

Where: BB&T Ballpark

Time: Gates Open at 5pm

Description: Watch as Team USA takes on Team Cuba at BB&T Ballpark in uptown Charlotte.  There will be pregame festivities including live music, food, and games that are fun for the whole family.  After the game you will be treated to one of the very best firework shows in the Carolinas.  Buy Tickets Now

These are some of the most popular events in the Charlotte area.  However, there are other events that are highly recommended as well, including:

Matthews, NC: July 4th – People’s Parade and Concert from 5pm – 9pm

Mint Hill, NC: July 3rd – Queen City Brass Band Concert – starts at 7pm

Waxhaw, NC: Waxhaw’s July 4th Celebration – Festivities begin at 10am and finish with fireworks at 9:15

Enjoy your 4th of July weekend with your family and friends and remember to stay safe!  If you are handling fireworks, click here for important safety tips!