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News and Updates

Exciting News: Tidwell Group and EisnerAmper Join Forces

Dear Friends, Today marks a significant milestone in the journey of both Tidwell Group and EisnerAmper, and I am thrilled to share some exciting news with you. After thorough deliberation and planning, Tidwell Group and EisnerAmper have decided to combine practices. This decision is not just about bringing together two organizations but is a testament…
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Inside Tidwell Group

Tom Pyper Joins Tidwell Group as Assurance Partner, Elevating Excellence and Client Dedication in Columbus Office

Birmingham, Ala., January 18, 2024 – Tidwell Group proudly introduces Tom Pyper as the newest Assurance Partner in our Columbus office. Tom’s addition marks a significant milestone for us, reflecting our commitment to excellence and client-focused dedication. Barry Tidwell, CPA, CVA, our National Managing Partner, expressed his enthusiasm, stating, “We’re thrilled to welcome Tom Pyper…
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Renewable Energy

Clean Energy Tax Credits: How Do They Work?

By Russ Johnson, CPA As the world moves towards a more sustainable future, clean energy has emerged as a frontrunner in the fight against climate change. However, transitioning from traditional energy sources to renewable ones is not always an easy or affordable task. Recognizing this challenge, governments around the world, including the United States, have…
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Thought Leadership
personal branding 2.0

Why Develop a Personal Brand?

By: Robert Boot Personal branding is a proactive strategy to advance your career and stand out beyond your results and reputation. It elevates your first impression of others. This strategy is different from shameless self-promotion. Eagerly seeking opportunities to tout your skills in every situation is a surefire way to make yourself seem arrogant. Conversely,…
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Inside Tidwell Group

Congratulations to Michael Wilson, Mindy Reed, and Natalie Giesen on becoming Tidwell Group’s Newest Partners

BIRMINGHAM, Ala., August 2, 2023 – Tidwell Group, a top 120 largest accounting and consulting firm in the US, proudly announces the appointment of Natalie Giesen, Mindy Reed, and Michael Wilson as the firm’s newest Partners. Their inclusion in the partnership is a significant achievement for these talented young professionals and shows their dedication to…
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LIHTCRenewable Energy

Update: 45L Tax Credit Extension

The Inflation Reduction Act (IRA) of 2022 provided taxpayers with a tax credit for new or largely reconstructed homes that meet the DOE Zero Energy Ready Home (ZERH) requirements by amending Internal Revenue Code Section 45L. This legislation included a ten-year extension of the 45L Energy Efficiency Home Credit and nearly $370 billion in provisions…
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Inside Tidwell Group

Press Release – Tidwell Group Welcomes New Partners

BIRMINGHAM, Ala., February 10, 2023 – Tidwell Group, an IPA Best of the Best and Fastest Growing Firm, welcomes Greg Harris, CPA, MST, and Chadd C. Weisert, J.D., LLM, as its newest Partners. “Tidwell Group can only bring the highest levels of service to our valued clients by accomplishing our goal of assembling the best…
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Thought Leadership

Firm of the Future: A New Space for Accounting Careers

Yes, public accounting is changing. Firms are offering the coveted work-life integration and fulfilling relationships that match what people want in the office of the future. There are many different roles and specialties that accounting associates and certified public accountants can gravitate to, and not all of them include spreadsheets or QuickBooks.® There is a…
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Inside Tidwell Group

Congratulations 2022 BRIDGE Award Winners

We are excited to share our 2022 Bridge Award recipients. Each year, the firm recognizes employees who exemplify the attributes of our Core Principles. Each office honors six people, one for each principle and one ‘Overall Bridge Award’ recipient. Their commitment to these values in words and actions builds a more robust, healthier Tidwell Group.…
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Inside Tidwell Group

Employee Spotlight: Kendra Guest

People Behind the Numbers Kendra Guest – Tax Manager Tidwell Group continues to spotlight our outstanding accounting professionals in the “People Behind the Numbers.” We are excited to introduce the Affordable Housing industry to Kendra Guest, based out of Tidwell Group’s Birmingham office. Kendra is a Tax Manager with more than 8 years of accounting…
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Inside Tidwell Group

Employee Spotlight: Bethany Wagner, CPA, CPO, HCCP

People Behind the Numbers Bethany Wagner, CPA, CPO, HCCP – Tax Manager  Tidwell Group continues to spotlight our outstanding accounting professionals in the “People Behind the Numbers.” We are excited to introduce the Affordable Housing industry to Bethany Wagner, CPA, CPO, HCCP, located at Tidwell Group’s Columbus office. Bethany is a Tax Manager with over…
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Inside Tidwell Group

Meet Margie Jimerson, CPA

People Behind the Numbers Margie Jimerson, CPA – Audit Manager  We would like to introduce the Affordable Housing industry to Margie Jimerson, CPA, located at Tidwell Group’s Johns Creek office. Margie is an Assurance Manager with seven years of public accounting experience while primarily working with clients in the affordable housing and real estate industries.…
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Inside Tidwell Group

Employee Spotlight: Rob O’Neal, CPA

People Behind the Numbers Rob O’ Neal, CPA – Assurance Manager Tidwell Group regularly spotlight’s our outstanding accounting individuals in the ‘People Behind the Numbers’. We are excited to introduce the Affordable Housing industry to Rob O’Neal, CPA, located at Tidwell Group’s Birmingham office. Rob has more than five years of public accounting experience, primarily…
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Inside Tidwell Group

Congratulations 2021 BRIDGE Award Winners

Tidwell Group, LLC, is excited to announce the 2021 BRIDGE Award winners. Each year, we recognize those employees that go above and beyond their regular duties to exceed the firm’s and our clients’ expectations. “It is an absolute privilege to have these fine people on our team,” said J. Barry Tidwell, National Managing Partner. “It’s…
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Inside Tidwell Group

Partner Spotlight: Bart W. Parry

Partner Spotlight Bart W. Parry, CPA Welcome to our Partner Spotlight Series! At Tidwell Group, we’ve built our culture around meeting our clients’ needs with value-based results. Our Partners are a group of hard-working, intelligent, and fun individuals who have a wide array of interests that make them unique. In this series, we will feature…
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Inside Tidwell Group

Partner Spotlight: Justin Heberling

Partner Spotlight Justin L. Heberling, CPA, HCCP Welcome to our Partner Spotlight Series! At Tidwell Group, we’ve built our culture around meeting our clients’ needs with value-based results. Our Partners are a group of hard-working, intelligent, and fun individuals who have a wide array of interests that make them unique. In this series, we will…
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Inside Tidwell Group

Meet Adam Friend, CPA

People Behind the Numbers Adam Friend, CPA – Audit Manager  We would like to introduce the Affordable Housing industry to Adam Friend, CPA, located at Tidwell Group’s Columbus office. Adam is an Audit Manager with over nine years of public accounting experience. Adam has excelled in balancing his client workload as well as continuing to…
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Inside Tidwell Group

New partners announced at Tidwell Group for 2021

BIRMINGHAM, Ala., August 6, 2021 – Tidwell Group, a leading accounting and advisory firm with offices in offices in Alabama, Georgia, Ohio, and Texas, is pleased to announce that Andrew Hooper, Clint Hamilton, Michael Fournier, Patrick Burk, and Sean Hutton have been promoted to Partner. “The expansion of the partner group tells the story of…
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Inside Tidwell Group

Meet Jessica Smith, CPA

People Behind the Numbers Jessica Smith, CPA – Senior Consulting Manager  We would like to introduce the Affordable Housing industry to Jessica Smith, CPA, located at Tidwell Group’s Johns Creek office. Jessica is a Senior Consulting Manager with over six years of public accounting experience. Jessica is passionate about our industry, our clients, and our…
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Inside Tidwell Group

Meet Dex Carlisle

People Behind the Numbers Dex Carlisle – Senior Tax Associate We would like to introduce the Affordable Housing industry to Dex Carlisle, located at Tidwell Group’s Birmingham corporate office. Dex has been with Tidwell Group for more than four years now and has worked his way up from an intern to a Senior Tax Associate.…
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Inside Tidwell Group

Celebrate Woman’s History Month with Us!

Women’s History Month is a celebration of women’s contributions to history, culture, and society and has been observed annually in the month of March in the United States since 1987. We at Tidwell Group would like to highlight the accomplishments women have made within the firm and their contribution to Affordable Housing. Please follow us…
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News and Updates
Income Averaging

Income Averaging: IRS Proposed Guidance

By CaLandra M. James, MAcc and Jeremy Densmore, CPA Now that the December 29, 2020 deadline for comments to the IRS is behind us, we thought this would be an excellent time to revisit the proposed LIHTC Average Income Regulation that was released on October 30, 2020. The Consolidation Appropriations Act of 2018 introduced an…
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Inside Tidwell Group

Congratulations 2020 BRIDGE Award Winners

At Tidwell Group, we strive to be a valued business partner by helping clients navigate the increasingly complex challenges present in today’s business landscape. That is our mission, and it’s one of the pillars of who we are as an organization. The other pillar that supports our mission is our core principles. Our Core Principles…
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News and Updates

New E-file Mandate Rules for Tax-Exempt Organizations

The Taxpayer First Act signed by President Trump, and enacted on July 1, 2019, institutes a new e-file mandate for tax-exempt organizations. This new mandate will potentially have a large impact on those organizations that have preferred to paper file their returns in the past.  In addition, the mandate will likely cause many organizations who…
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News and Updates
New 1099 Reporting Requirements

New 1099 Reporting Requirements

If you typically report non-employee compensation to independent contractors on Form 1099-MISC, you will have a new form due this January.  The IRS has shifted the reporting of non-employee compensation to form 1099-NEC, in an effort to simplify the use of each form. This new form will require all applicable filers to furnish the 1099-NEC…
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Thought Leadership

Being Present as a Remote Leader

By Barry Tidwell CPA, CVA Part 2: Four Traits of ‘Present’ Remote Leaders Several years ago, I made the purposeful decision to work much of the week remotely to pursue a more aggressive M&A growth strategy. This decision to manage remotely was both strategic and necessary, given our firm’s growth into a multi-state, multi-office organization.…
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Inside Tidwell Group

Meet Sean Hutton, CPA

People Behind the Numbers Sean Hutton, CPA – Senior Audit Manager We are continuing to introduce the People Behind the Numbers in a new initiative to spotlight our outstanding accounting professionals at Tidwell Group. We believe that our talented team makes our firm a great place to work and has helped us continue to provide…
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Inside Tidwell Group

Meet Clint Hamilton, CPA

People Behind the Numbers Clint Hamilton, CPA – Senior Audit Manager We are proud to introduce the People Behind the Numbers to highlight our outstanding accounting professionals. With their loyalty and dedication to providing superior service to our clients, Tidwell Group has achieved long-term sustainable growth and has become an industry leader within the accounting…
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Inside Tidwell Group

Tidwell Group is pleased to announce the addition of Ryder M. Mathias, CPA, as its newest Tax Partner

BIRMINGHAM, Ala., Aug 25, 2020 — Tidwell Group, LLC, is pleased to announce the addition of Ryder M. Mathias, CPA, as its newest Tax Partner. He will be part of the industry-leading team of accounting professionals in the firm’s Birmingham, Alabama office, while working remotely from Charlotte, NC.    Ryder has over ten years of experience…
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Inside Tidwell Group

New partners announced at Tidwell Group

BIRMINGHAM, Ala., August 4, 2020 – Tidwell Group, one of the nation’s fastest-growing accounting firms, is pleased to announce that Christopher R. Bailey, CPA, and Morgan E. Mahaffey, JD have been promoted to Partner. “I am very proud of both Chris and Morgan for their accomplishments and admittance to the Partner team,” said J. Barry…
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Thought Leadership
Leading in Times of Crisis

Leaders: Get Out of the Way to Lead Through Crisis

By Barry Tidwell Part 1: Effective leadership is often best demonstrated in times of crisis. Crisis situations have a remarkable way of either showcasing strengths or exposing weaknesses in leadership. The words and actions of leaders quickly align (or don’t) to transcend moments of volatility, uncertainty, complexity, and ambiguity (VUCA*)… potentially destabilizing dynamics that require…
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News and Updates

IRS Releases Guidance for Changes in the CARES Act

IRS Releases Guidance for Changes in the CARES Act that Allows Partnerships to Amend 2018 and 2019 Tax Returns and Benefit from Bonus Depreciation Today the Internal Revenue Service released Rev. Proc. 2020-23, which allows eligible partnerships to amend their 2018 and 2019 tax returns using Form 1065, to take advantage of bonus depreciation changes in…
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News and Updates

Forgivable PPP Loans provide Small Businesses with Relief

Introduction Businesses finding themselves impacted by the COVID-19 pandemic may qualify for a portion of the $349 billion allocated for loans by the Coronavirus Aid, Relief and Economic Security Act (CARES Act).  The CARES Act loans are guaranteed by the Small Business Administration (SBA) to qualified small businesses.  Most importantly, according to the SBA, lenders…
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News and Updates

ALL Taxpayers: IRS Grants Tax Payment Relief

In our ongoing efforts to ensure that our clients receive uninterrupted service and are well-informed in the midst of these challenging times, Tidwell Group stays connected to the news that matters to our clients and we share highlights that are important to you. (more…)
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LIHTC

RAD for PRAC overview

RAD for PRAC Offers Solutions for Aging Section 202 Properties By Andrew Gantzer, CPA, and Justin Heberling, CPA, HCCP A recent HUD evaluation of the federal Rental Assistance Demonstration (RAD) shows that the program is achieving its goal of preserving public housing and improving the conditions of distressed public housing. Since enacted through Congress in 2012,…
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Inside Tidwell Group

Tidwell Group welcomes Eric Beining, CPA, CGMA, as firm’s newest partner

BIRMINGHAM, AL – December 10, 2019 – Tidwell Group, LLC, is excited to welcome Eric Beining as its newest partner in the firm’s Columbus, Ohio office. Beining’s 20 plus years of commercial real estate, not-for-profit, and public accounting experience are an important addition to Tidwell Group’s already experienced Columbus office. “We couldn’t be more pleased…
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Inside Tidwell GroupThought Leadership

Give Thanks by Giving Back

No one should go hungry. But in the United States, about 37 million people are hungry or “food insecure,” which means they do not know where their next meal is coming from. Every state has its fair share of hunger crises – with Alabama and Louisiana tied for the highest food hardship rates in the…
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LIHTC

How to Support Timely Delivery of First Year Credits

By Lee Dodson, CPA, and Jeremy Densmore, CPA, HCCP Timely delivery of first-year credits benefits developers, syndicators and investors in a Low Income Housing Tax Credit (LIHTC) development. The project itself also benefits because additional equity may be contributed, which means additional funds are available to get the project off to a good start. In…
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LIHTC

Cost Segregation Studies Offer Renewed Value Under New Tax Rules

By Ashley Northcutt and Chris Thomas New IRS rules on the 100% bonus deprecation deduction may expand the benefits of cost segregation studies. This month, the IRS issued two sets of regulations under IRS Section 168(k) – final and proposed – that clarify qualifying property. The final regulations explain the “increase of the benefit and…
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Inside Tidwell Group

Tidwell Group, LLC has been named an INSIDE Public Accounting (IPA) Best of the Best Firm for 2019

BIRMINGHAM, AL – Sept 10, 2019 Tidwell Group, LLC has been named an INSIDE Public Accounting (IPA) Best of the Best Firm for 2019. This acknowledgment follows the firm’s Fastest Growing ranking for 2019, 2018 and 2017. IPA’s annual Best of the Best recognition honors includes 50 U.S. and five Canadian firms for their superior performance-based…
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LIHTC

HUD financing in LIHTC deals and in Opportunity Zones

By Damien Cassell, CPA and Morgan E. Mahaffey, JD The U.S. Department of Housing and Urban Development (HUD) continues to make it easier for developers and owners to use loan programs for LIHTC and Opportunity Zone projects. With announcements this year that promise easier facilitation and closing of FHA loans as well as incentives to…
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Inside Tidwell Group

Tidwell Group continues to increase the depth of its already impressive team and further solidifies its position as one of the top Affordable Housing accounting firms in the country.

BIRMINGHAM, AL – July 24, 2019– It is with great excitement that Tidwell Group, LLC announces Patty Azallion, William Brookshire, Damien Cassell, Andy Gantzer, Chris Ofat and Jeanne-Marie Smith as its newest partners. With these partnerships, Tidwell Group continues to increase the depth of its already impressive team of accounting professionals and further solidifies its position…
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LIHTC

General Contractors: Don’t Get Blindsided By Cost Certification Requirements

By: Kevin E. Allmandinger, CPA and Bart W. Parry, CPA With heightened accountability and state agencies increasing oversight in an effort to mitigate fraud risk, General Contractor Cost Certifications (GCCCs) for low-income housing projects are becoming increasingly important. General contractors must contend with inaccurate or incomplete accounting records, unpleasant and avoidable fire drills, and extra…
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LIHTC

State Tax Credits: Transferable or Non-Transferable

By: Joel T. McDowell, CPA, Quinn Gormley and Morgan E. Mahaffey, JD Many states have enacted tax incentives similar to the Federal General Business Credits[1]or the Low Income Housing Tax Credit. Specifics differ between states, but generally these “State Tax Credits” can be classified either as transferable or allocated tax credits. Transferable credits bifurcate the benefits of the…
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LIHTC

Income Averaging: Know the Elephant in The Room

By: Jeremy Densmore While a number of state agencies are starting to adopt Income Averaging (IA)[1] policies, there is still speculation on what the future IRS guidance will be. Recent industry articles have provided some speculative insight outlining common approaches for interpreting the IA amendment to the code. However, in the midst of all the…
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LIHTC

HUD Designates QCTs and DDAs for 2019

By: Quinn Gormley On October 22nd HUD announced via Federal Register Vol. 83 No. 204, designated Qualified Census Tracts (QCTs) and Difficult to Develop Areas (DDAs) for 2019.  The QCT and DDA is an important means for many of these areas in the production of affordable housing under the Housing Tax Credit Program (IRC §42), especially…
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Inside Tidwell Group

We are thrilled to debut our firm’s new website!

BIRMINGHAM, Ala (Oct. 26, 2018) — Tidwell Group, LLC, one of the nation’s fastest growing accounting firms, with offices in Alabama, Georgia, Texas and Ohio, announced today the launch of its newly designed website at https://www.TidwellGroup.com. The completely revamped website features a streamlined and simplified design, improved functionality and enriched real estate and affordable housing content…
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LIHTC

Income Averaging: Handling a Double-edged Sword

Tidwell Group has issued a follow-up to this article and can be found by clicking this link. “Income averaging (IA)” is the new kid on the Low Income Housing Tax Credit (LIHTC) block. However, while the new IA rules appear simple, they simply are not. The Consolidation Appropriations Act of 2018 ushered IA into the…
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Inside Tidwell Group

Tidwell Group continues its goal of assembling the premier group of affordable housing professionals as it welcomes its newest partner Joseph Wallace, CPA.

BIRMINGHAM, Ala. October 12th 2018 – Tidwell Group, LLC, one of the nation’s fastest growing accounting firms, with offices in Alabama, Georgia, Texas and Ohio, continues its goal of assembling the premier group of affordable housing professionals as it welcomes its newest partner Joseph Wallace, CPA. Among the skills that Wallace brings to Tidwell Group…
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News and Updates

RD Reserve Requirement Changes

A Small Change Leads to Big Happiness BY SEAN HUTTON In recent years, many owners and management agents of properties in the Rural Development (RD) portfolio have clamored for updates to rather antiquated requirements for the projects’ replacement reserve accounts. RD has addressed these calls for policy change with their latest announcement. On September 28,…
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LIHTC

A New Opportunity to Defer Capital Gains Tax Is Here

BY QUINN GORMLEY AND TODD FENTRESS A new Opportunity Zone program to encourage investment in low-income community business was included in the 2017 Tax Cuts and Jobs Act. New rules in the code[1] allows taxpayers to defer capital gains on the sale of stock, business assets, or any property (whether or not the asset sold…
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LIHTC

Running on Empty: The Affordable Housing Crisis

Being homeless was never part of John’s life plan.  But in a world where 58,000 veterans are homeless and an additional 1.4 million veterans are at risk of homelessness, his experience with affordable housing is not unique. Tidwell Group wanted to better understand the situation that so many people like John find themselves in, so…
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Inside Tidwell Group

Tidwell Group announces new partners Todd Fentress, Aram Moore and Kevin Allmandinger as they expand into Columbus.

2017’s fastest-growing CPA Firm, Tidwell Group, is proud to announce the opening of its Columbus, Ohio office. With this expansion into Columbus, Tidwell Group welcomes three new partners to their team. In January 2018, Todd Fentress, CPA, joined Tidwell Group as the Office Managing Partner.  Todd’s addition to the team brings a level of expertise…
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News and Updates

New Tax Reform Bill Impacts Bonus Depreciation Opportunity

This week, Congress passed the first major tax overhaul in years. Tidwell Group has analyzed the tax provisions to share insight on how some tax provisions may impact its clients. Taxpayers will be able to deduct 100% of the cost of qualified property placed in service after 9/27/2017. However, with tax rates decreasing starting on…
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LIHTC

Developers: Preserve Scattered Site Housing Successfully

There is a stark upward trend in the aging of affordable housing properties and it does not appear to be tapering anytime soon. In fact, aging housing inventory is on the rise and has continued to increase year-over-year with a peak expected in the year 2024. This trend provides opportunities for affordable housing developers. Tidwell…
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News and Updates

Ohio Announces Tax Amnesty Program

In an effort to assist taxpayers and raise revenue, Ohio recently announced a new tax amnesty program that will open January 1, 2018 and will run through February 15, 2018. If you have unreported or underreported taxes that were due and payable as of May 1, 2017, and you have not received a billing notice…
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LIHTC

Keeping Tax Credits Afloat After Natural Disasters

Hurricanes Maria, Harvey, and Irma took lives and pummeled the economies of the affected areas. The impact of these natural disasters could extend to Low Income Housing Credit (LIHTC) projects if the proper measures are not taken within a specified time to ensure that projects meet development benchmarks or if affordable housing properties that are…
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News and Updates

Property Damage/Casualty Loss from Recent Natural Disasters

As a reminder for all of our friends and clients with properties in Texas, the Texas Department of Housing and Community Affairs (“TDHCA”) rules require notification of a casualty loss within 30 days of the event. If your multifamily rental property sustained damage from Hurricane Harvey, there is a  “Property Damage from Hurricane Harvey” form…
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LIHTC

How much can Section 45L save you?

You may be eligible for hundreds of thousands in tax credits. In addition to low-income and historic tax credits, many developers are finding out the Section 45L (energy efficiency) tax credits can save hundreds of thousands, even millions, on new residential and mixed-use projects. Case Study: A client recently completed an apartment complex renovation project…
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Inside Tidwell Group

In the Spotlight – Stephanie Downing

At Tidwell Group, we value and embrace the opportunity to have interns in our Tax and Audit departments each year. Each intern brings unique skills and abilities to our team and we are so thankful for their commitment to learning and growing alongside our staff. Take a look at what our past interns have thought…
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News and Updates

Overview of Changes in Presentation of Financial Statements of Not-for-Profit Entities (Topic 958) – A Summary of Accounting Standards Update (ASU) 2016-14

Overview In response to feedback from the Financial Accounting Standards Board’s (FASB) Not-for-Profit Advisory Committee (NAC) and other stakeholders on existing standards for financial statements of not-for-profit entities (NFP), the FASB issued ASU 2016-14 in August 2016, which is the first of two phases the FASB has undertaken to improve the accounting and financial reporting…
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