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IPA Top 400 Accounting

LBA Haynes Strand Named Top 400 Firm

LBA Haynes Strand is one of the Top 400 American accounting firms according to INSIDE Public Accounting. The firm appears on this list for the second year in a row. The IPA 400 ranks firms by their net revenue, which the organization compiles by analyzing more than 500 survey responses from the largest accounting firms in the nation. In addition to this recognition, LBA Haynes Strand also ranks as a Best Place to Work by the Charlotte Business Journal and a Fastest-Growing Privately Held Company by the Charlotte Business Journal and INC 5000.

About LBAHS

LBA Haynes Strand is a full service accounting, assurance, tax, and advisory firm with offices across North Carolina. LBA Haynes Strand provides value-added services throughout the service delivery process to improve operations and ensure compliance with relevant regulations. We take a strategic and holistic approach to accounting that looks at more than just your business tax situation. Our team works to understand your finances, your culture, your goals, and your aspirations. With this comprehensive understanding of your organization in place, our firm is able to provide the best possible service. We help you protect and improve your organization’s fiscal health and well-being — for now, and for the future.

INSIDE Public Accounting (IPA)

IPA’s annual rankings of the 400 largest firms in the U.S. range from the multi-billion-dollar Big 4 to firms of roughly $5.5 million in net revenue. The list includes firm headquarters, MP, net revenue, ranking in the previous year and percentage change. The rankings are compiled from data gathered in the annual IPA Survey and Analysis of Firms. The annual survey attracts participation from 550 firms.

Asheboro Expansion

LBA Haynes Strand PLLC Acquires Asheboro, NC Office

LBA Haynes Strand is excited to announce the acquisition of the Asheboro office of Cherry Bekaert LLP. With this acquisition, we will expand our firm’s footprint to maintain the Asheboro office location. With nearly 80 professionals across North Carolina, clients will have access to local resources and immediate support.

“Our firm has been focused on the middle market client base for more than three decades,” said LBA Haynes Strand CEO and Principal, John Bly. “We are excited for the opportunity to add quality team members in the Asheboro market, along with a strong client base. This is the next step in our firm’s growth plan.”

Cherry Bekaert partner, Brad Crumpler, has announced his retirement and will assist our firm through the transition period. Elizabeth Scott (Senior Associate) and Donna Smith (Administrative Assistant) will be joining the LBA Haynes Strand team.

Principal Chris Bunting will continue to lead the firm’s assurance department while principals Dave Recchion and Courtney Ageon will build and maintain local relationships in the Asheboro community. In addition, the Greensboro office team will be readily available to support all client needs.

Since its inception, the focus of LBA Haynes Strand has been to become a partner in our clients’ success. Cherry Bekaert clients will be able to continue working with high quality professionals committed to delivering excellent client service.

LBA Haynes Strand expanded into Winston-Salem in January 2019 and looks to grow more across North Carolina and the southeast.

Johnny Wood Receives Prestigious Board Position

Principal Member Johnny Wood, CPA has been named Chairman of the Board for the Nussbaum Center for Entrepreneurship. His experience, leadership skills, and outstanding moral character make him the perfect candidate for the job.

The Nussbaum Center for Entrepreneurship

The Nussbaum Center, founded in 1987, is a private non-profit corporation whose mission is to attract, advise, and house start-up and early stage growth entrepreneurs. In just under 30 years, the Center has graduated over 290 businesses with an 80% success rate, compared to a National rate of 44%. Johnny has served on the Board of Directors at the Center for nearly 10 years.

As one of the founding members of LBA Haynes Strand, Johnny is a key leader of our accounting, auditing, and consulting departments. In addition to traditional accounting services, he assists a variety of closely held companies and their owners in tax planning and compliance matters. Johnny is also very passionate about serving the Greensboro community. He is currently active in several community organizations and will now serve as the Nussbaum Center Chairman of the Board, a group that he cares deeply about.

“I am honored by this nomination,” says Johnny. “I truly believe in what the Center stands for, and for some reason the other board members think I am suitable to be the Chairman. This Center is all about helping young entrepreneurs succeed. It gives them countless networking opportunities with tons of folks who have the same desires to make it in the business world, and we help make that happen. If you’re trying to make it on your own, it’s tough, really tough. We help to ease that process and we have tons of success stories. That’s what I enjoy the most. It’s just fun – stressful at times of course, but lots of fun.”

To schedule a meeting with Johnny Wood, contact us today!

What’s New At LBA Haynes Strand? Introducing The Accounting Solutions Group

LBA Haynes Strand, PLLC has decided to fill a need in the business marketplace and offer our clients with not just accounting services, but to offer legitimate accounting solutions. Our firm has announced the creation of an “Accounting Solutions Group” that will focus on offering flexible, scalable accounting and bookkeeping solutions for businesses and institutions of every size.

Principal Member David D. Fraser, CPA will lead a highly trained, qualified staff offering a streamlined accounting support and infrastructure that local businesses and organizations desperately need. Fraser had this to say about the group, “We have seen an increasing need in the marketplace for a third party accounting function in businesses. While we do look to provide services to these businesses, we are more focused on providing real world accounting solutions to the business community.  We are excited about this offering and look forward to helping start-ups and established companies grow.”

The Accounting Solutions Group at LBA Haynes Strand will offer the following menu of solutions:
  • AP management
  • AR management
  • Budget development
  • Business plans and forecasting support
  • Chart of accounts clean-up
  • Consulting services
  • Credit card processing
  • Deposit management
  • Expense reimbursements
  • Financial statement preparation & analysis
  • General ledger review
  • Monthly or Quarterly meetings to review
  • Payroll management
  • QuickBooks support
  • Sales and use tax reporting
  • Year End 1099s

Business owners will now have a third party to go to that supplies them with a full team of accountants and professionals that have the accounting knowledge of an entire accounting department at a fraction of the cost. The firm looks forward to taking the accounting off of stressed business owners hands and allowing those business owners to re-focus on leading and running their businesses.

To learn more about the Accounting Solutions Group, contact us for your no-cost consultation!