BerryDunn Named a Top CPA Firm by INSIDE Public Accounting
The annual INSIDE Public Accounting Top 500 list ranks firms by net revenue, factoring in both organic growth and mergers and acquisitions activity. 'Our recognition as one of the top CPA firms reflects our strategic expansion into niche and high-growth industries and our success in attracting top talent,' says Tammy Brunetti, COO of Assurance, Tax, and Advisory Services.
In addition to our audit and tax services, BerryDunn has achieved steady growth in client advisory services in healthcare, financial services, outsourced accounting, and valuation for both new and established businesses. 'Our strong commitment to earning client trust and investing in our people has helped us become an award-winning leader in our industry and communities,' says BerryDunn CEO Sarah Belliveau. 'The close partnerships we build—with clients, employees, and communities—have been at the heart of our success for more than 50 years.'
BerryDunn has consistently ranked among the Top 100 accounting firms by both INSIDE Public Accounting (IPA) and Accounting Today.
About BerryDunn
BerryDunn is the brand name under which Berry, Dunn, McNeil & Parker, LLC and BDMP Assurance, LLP, independently owned entities, provide services. Since 1974, BerryDunn has helped businesses, nonprofits, and government agencies throughout the US and its territories solve their greatest challenges. The firm's tax, advisory, and consulting services are provided by Berry, Dunn, McNeil & Parker, LLC, and its attest services are provided by BDMP Assurance, LLP, a licensed CPA firm. BerryDunn is a client-centered, people-first professional services firm with a mission to empower the meaningful growth of our people, clients, and communities. Led by CEO Sarah Belliveau, the firm has been recognized for its efforts in creating a diverse and inclusive workplace culture, and for its focus on learning, development, and well-being. Learn more at berrydunn.com.
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Historically, most software companies accounted for development costs under ASC 985-20, which establishes the requirements a company must meet to capitalize those costs when associated with software to be sold or licensed to a third party. A company is only allowed to capitalize costs incurred during the period after the technological feasibility of the software has been established and prior to its general release. Ironically, one of the main accounting concerns in the past had been that companies would capitalize too much and too soon, because it helped improve their short-term earnings by reducing expenses and moving them to the balance sheet (or, as Mr. Parker might say, 'unlocking value'). Moreover, the process of software development has substantially evolved at many companies since the initial ASC 985-20 guidance was issued, with most companies now applying an agile software development methodology that emphasizes iterative development in a continually changing environment. 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