Stephen Mankowski, CPA, of Hatboro, and Edward Caine of Bryn Mawr, Penn., agreed to merge their practices after becoming friends through their respective leadership positions in the National Conference of CPA Practitioners. Caine is the current president, and Mankowski chairs the Tax Policy Committee and serves as NCCPAP’s national secretary.
The newly merged firm will take on the name EP Caine & Associates CPA LLC.
“[The merger] gives both of us an opportunity for expansion while allowing us to help a wider range of clients,” Mankowski said in a statement. “As a sole practitioner, I was always looking for ways to help service my clients better. By partnering with another CPA who shares my work ethic and values, I’ve found it.”
Caine offers advice to others who might be considering a merge: “All CPAs should take the time to make sure that their mindset and business objectives match those of their potential partner. Steve and I look at things from an open-minded perspective. It would be beneficial for everyone looking to bring on partners, or even when hiring staff, to make sure upfront that they will be working with individuals who have the same general outlook towards clients, business management and the future goals for the practice.”
The two accomplished CPAs also agreed on the type of firm they would be. “We are a generalist firm,” Caine said. “We do not have a particular market niche. We work with both startup situations, mature companies and those private situations where companies are looking to sell. We have taken on clients who have no revenue but have an idea, and we work with multi-million dollar companies.”
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