Newsroom

Frazier & Deeter Wins Practice Innovation Award
Atlanta (September, 2005)

Frazier & Deeter Partner Member of AICPA QC Standards Task Force
Atlanta (August 16, 2005)

Frazier & Deeter Announce Staff Promotions
Atlanta (January 1, 2005)

PCAOB Associate Director Joins Atlanta Firm Frazier & Deeter
Atlanta (December 16, 2004)

Frazier & Deeter Giving Back to the Community
Atlanta (November 16, 2004)

Frazier & Deeter Recognized as Leader in Accounting Industry
Atlanta (October 2004)

Practical Accountant Magazine Presents F&D With Innovation Award
Atlanta (September 2004)

Frazier & Deeter Announce Staff Promotions
Atlanta (September 2004)

Frazier & Deeter Announce Staff Promotions
Atlanta (July 1, 2004)

Deloitte & Touche Partner Joins Frazier & Deeter
Atlanta (June 1, 2004)

F&D Managing Partner Finalist for Small Business Person of the Year Award
Atlanta (May 20, 2004)

Frazier & Deeter Announce Staff Promotions
Atlanta (April 2004)

Frazier & Deeter Partner to Participate in AICPA CPA Ambassador Program
Atlanta (March 8, 2004)

Frazier & Deeter Continues to Grow with Addition of Staff Members
Atlanta (February 26, 2004)

Frazier & Deeter Announce New Staff Accountants
Atlanta (January 27, 2004)

Frazier & Deeter Announce Staff Promotions
Atlanta (January 30, 2004)

Frazier & Deeter Announce Addition of Director of Human Resources
Atlanta (November 18, 2003)

Local CPA Firm Continues to Grow with New Staff
Atlanta (October 14, 2003)

Frazier & Deeter Participates in Hands on Atlanta Day
Atlanta (October 6, 2003)

Frazier & Deeter Staff Receives CPA Designation
Atlanta (June 1, 2003)

Tax cuts, jobless aid OK'd
Atlanta Journal-Constitution (May 25, 2003)

Frazier & Deeter Partner Selected for GSCPA Committee
Atlanta (May 8, 2003)

Frazier & Deeter Staff Receive CPA Designation
Atlanta (April 2, 2003)

Frazier & Deeter Announce Staff Promotions
Atlanta (March 3, 2003)

Thomas M. Weissinger, CPA Earns Certified Fraud Examiner Designation
Atlanta (March 3, 2003)

Ernst & Young Partner Joins Frazier & Deeter
Atlanta (January 16, 2003)

Andrew Burnett Named as Newest Partner at Frazier & Deeter
Atlanta (January 3, 2003)

Frazier & Deeter Settle at New Location with Additional Staff
Atlanta (December 13, 2002)

Frazier & Deeter Introduces the Frazier & Deeter Foundation
Atlanta (September 30, 2002)

Frazier & Deeter moving to Bank of America Plaza
Atlanta Business Chronicle
(July 26, 2002)

Frazier & Deeter and F&D Advisors Relocating at Bank of America Plaza
Atlanta (July 25, 2002)

Four Frazier & Deeter Professionals Promoted to Newly Created Position
Atlanta (July 18, 2002)

Frazier & Deeter Continues to Grow with New Staff and Promotions
Atlanta (July 17th, 2002)

Frazier & Deeter, LLC Recognized as Top Accounting Firm
Atlanta (June 27, 2002)

New Tax Law May Offer Some Potential Savings for Physicians
Physicians Financial News, Vol XX No 8
(June 15, 2002)

Atlanta Wealth Management Firm Joins Schwab Advisor Network™
Atlanta (May 15, 2001)

David Deeter Received Distinguished Alumni Award
from Georgia State University
Atlanta (April 18, 2002)

Filing an Extension Does Not Permit Taxpayers to Postpone Payment to IRS
Atlanta (April 9, 2002)

Frazier & Deeter Partner Appointed as Editorial Advisor for National Tax Publication
Atlanta (February 19, 2002)

Frazier & Deeter Continues to Grow Through Promotions and Staff Additions
Atlanta (January 8, 2002)

F&D Advisors Announces the Addition of a New Partner
Atlanta (January 7, 2002)

Frazier & Deeter Announce New Partner
Atlanta (January, 2002)

Frazier & Deeter, Atlanta Accounting Firm, Announce Aggressive Plans for New Year
Atlanta (January, 2002)

F&D Wins Practice Innovation Award

(Atlanta - September 2005) Frazier & Deeter has earned Practical Accountant's prestigious Practice Innovation Award. The Practice Innovation Awards are presented annually to accounting firms that are taking the lead in developing new or improved services, and promoting efficiency in the practice of public accounting. Frazier & Deeter was honored for its recruiting and retention campaign and is featured in the publication's September issue with 16 other firms from around the country.

To read the article click here.

For more information regarding the Innovation Award, contact Erinn Keserica at erinn.keserica@frazierdeeter.com.

Frazier & Deeter Partner Member of AICPA QC Standards Task Force

(Atlanta – August 16, 2005) Frazier & Deeter , is pleased to announce Partner, Seth McDaniel, CPA , has become a member of the AICPA Quality Controls Standards Task Force . The objective of the task force is to look at the QC standards and see how, if at all, they should be amended, with the objective of convergence with the international standards.

The task force will look at new guidance as well as the international QC standards and recommend changes to the AICPA QC standards and/or the guidance to the ASB. The task force will consider revisions to SAS No. 25, “The Relationship of GAAS to Quality Control Standards” (AU 161). His experience working the Public Company Accounting and Oversight Board (PCAOB) , prior to joining Frazier & Deeter in 2004, makes him uniquely qualified to serve in this role. He is notably the only member of the task force from Georgia .

At the PCAOB, he helped to develop the accounting practice inspection program that is in place today. Other responsibilities were to oversee the nationwide inspection of a Big 4 firm as well as several small firms. He also was instrumental in the evolution of the small firm inspection program. Most recently in 2004, he was the first person promoted within the PCAOB inspections division to Associate Director making him the youngest Associate Director in the organization's history.

(Atlanta – January 1, 2005) Frazier & Deeter, LLC, Atlanta’s second largest independent Certified Public Accounting and Advisory firm, announce the promotions of Jeff Seay and Andrew Aston to Senior Audit Manager, Jason Meadows and Michael Sute to Senior Tax Manager, and Monique Quindsland to supervisor.

(Atlanta – December 16, 2004) Atlanta based accounting firm, Frazier & Deeter, is pleased to announce the addition of Seth McDaniel, CPA, as the newest partner of the firm. He brings more than 13 years of public accounting experience to Frazier & Deeter. He joined the assurance department after leaving the Public Company Accounting and Oversight Board (PCAOB) in December of 2004. His areas of specialty include working with large and middle market companies in the public and private sectors.

He started his career in 1991 after graduating from Rhodes College with a degree in Business. He worked at KPMG until 1997 when he left to work on a specialized IPO transaction for a Georgia company. Before participating in the first inspections in the history of the PCAOB, he worked at Deloitte & Touche for several years.

“Seth brings a great deal of value to the existing and future client base of F&D,” said David Deeter, managing partner of Frazier & Deeter. “His enthusiasm and deep understanding of trends affecting the accounting profession will prove to be an immeasurable asset to the firm and metro Atlanta business community.”

Seth’s qualifications will lend credibility for F&D clients, as the rules affecting public and tax-exempt companies slowly translate into more fiscal responsibility in the private arena. His experience includes working with the Service, Technology, Real Estate, and Financial Institution industries.

(Atlanta – November 16, 2004) Just like everyone else, the staff at Frazier & Deeter finds that there are just not enough hours in the day. However, somehow they manage to make time to volunteer and help those in need. So many companies donate money to charities and foundations, but Frazier & Deeter goes the extra mile to also spend their personal time giving back to a community that has provided them with so many opportunities through The F&D Project Impact Team. Project Impact was established to make a difference, and our volunteers know that every contribution matters, regardless of size or time.

Over the last few months, Project Impact participated in multiple community events. One of those was The Light The Night Walk. The walk is sponsored through The Leukemia & Lymphoma Society’s and is nationwide evening walk to raise awareness of blood cancers and funds for cures. Participants carry illuminated balloons to celebrate and honor lives touched by cancer. Funds raised support the Society's mission: cure leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families.

The Light The Night Walk took place on Saturday, October 9, 2004 at 9:00pm. It was approximately 2 miles long, starting at Centennial Olympic Park. Statewide, these walks raised $800,000. The event in Atlanta raised $520,000, of which $10,000 was contributed by Frazier & Deeter and its Foundation. The firm was a corporate sponsor for the event, using casual dress days as fundraiser incentives.

Project Impact Team also volunteered for Hands on Atlanta Day on October 6, 2004. Hands on Atlanta is a non-profit organization that helps individuals, families and corporate and community groups find flexible volunteer opportunities at more than 400 service organizations and schools.

The Frazier & Deeter’s Hands on Atlanta Project was at the Center for Visually Impaired. The volunteers spent the day painting walls, cleaning, organizing the audio library, and landscaping. This is the second year Frazier & Deeter has participated in Hands on Atlanta Day.

The Walk to Cure Diabetes is yet another way Frazier & Deeter gave back to the community. It is a walkathon, held in more than 200 locations throughout the year, benefiting the Juvenile Diabetes Research Foundation. The walk took place at Perimeter Concourse Office Park, and was 3 miles long. 5,500 walkers participated this year. The Walk raised $1.3 million dollars for the Georgia Chapter of the Juvenile Diabetes Research Foundation. Frazier & Deeter donated $5,000 to the Diabetes Foundation.

An additional charitable cause Frazier & Deeter sponsors is through Project Open Hand at the Ronald McDonald House. Several sets of Project Impact teams provides freshly cooked meals and nutrition services to families relocated to support their children who have critical illnesses or disabilities. In 2004, our Project Impact group cooked 3 Ronald McDonald Meals.

Too often, corporate giving boils down to large contributions that mean nothing to the employees. Frazier & Deeter’s goal of the Project Impact Team is to promote a spirit of giving and employ a program in which the staff can decide where, when, and how often to volunteer their time. Personal commitment matters just as much as corporate involvement. Frazier & Deeter is not only here to fulfill the needs of the market, but more importantly, to serve the needs of the community. For more information about F&D’s Project Impact Team, contact Erinn Keserica at erinn.keserica@frazierdeeter.com.

(Atlanta – October 2004) Each year Inside Public Accounting releases a list of the top American accounting firms based on performance criteria researched by the publication. Frazier & Deeter, LLC, was ranked a silver medalist of American Accounting firms and an IPA “Accounting All-Star” for the second year in a row.

(Atlanta - September 2004) Practical Accountant, a Thomson Media publication and a technical how-to magazine for the growth-minded accounting firms, announced the results of its fifth annual Innovation Awards. The Innovation Awards, which recognize accounting firms that take the lead in developing new or improved services and promote efficiency in the practice of public accounting, were awarded to 26 firms across the country this year. The results are published in the September issue of Practical Accountant.

" What all the winning firms seem to have in common is an ability to see and seize opportunities, to develop detailed plans, and execute superbly," said Howard Wolosky, Practical Accountant's executive editor. "They also aren't afraid to spend money, but most importantly, they are willing to take risks."

Frazier & Deeter was recognized for the Strategic Program, which intended to promote the development and productivity of its professionals outside of billable hours, as well as build upon and reinforce the firm brand and strategy. An additional benefit is defining what is expected of individual staff members while encouraging team-based activities. For more information regarding the Innovation Award, contact Erinn Keserica at erinn.keserica@frazierdeeter.com.

(Atlanta – September 2004) Frazier & Deeter, LLC, Atlanta’s second largest independent Certified Public Accounting and Advisory firm, announce the addition of Eric Wilber and Andrea Croft as Supervisors, Michael Murray as Senior Accountant, and Leigh Erlacher, Rebekah Walters, Kelly Garrison, Ryan Joelson, and Marvin Lewis as Staff Accountants.

(Atlanta – July 1, 2004) Frazier & Deeter, LLC, Atlanta’s second largest independent Certified Public Accounting and Advisory firm, announce the promotions of Mike Hendricks has been promoted to supervisor, and Kathleen Foley and Ricardo Zertuche to senior.

(Atlanta – June 1, 2004) Frazier & Deeter, LLC has named Wayne D. Reid, CPA, as partner in the firm after retiring from Deloitte & Touche, LLP so he can continue to provide clients with a high level of personalized professional services and support by first class tax and advisory professional.

Reid was a lead tax service partner D&T for the last two years and with Arthur Andersen LLP, where he served the Atlanta business community for over thirty-two years. He specializes in working with entrepreneurial, multi-state, and multi-national companies in the biomedical, hospitality, real estate, service and technology industries. He also serves high net-worth individuals with income, estate and gift tax matters.

Reid earned a Bachelor of Arts in Business Administration and Economics with emphasis on accounting from Furman University and a Masters of Professional Accountancy with emphasis on taxation from Georgia State University. He has been recognized as Distinguished Alumnus by Georgia State University School of Accountancy, and received the National Alumni Service Award from Furman University. Furman University also established the Wayne and Rubye Award to recognize annually the outstanding volunteer in career planning and placement.

Reid looks forward to bringing more value to F&D Clients by combining his knowledge and experience with the strengths of Firm.

(Atlanta – May 20, 2004) What do passion, excellence and integrity have to do with David Deeter, managing partner of Frazier & Deeter, LLC? They are all characteristics that earned him a place as a finalist for the 2004 Small Business Person of the Year Award. Sponsored by the Metro Atlanta Chamber of Commerce and Atlanta Business Chronicle, Deeter was one of five finalists for this most prestigious honor.

Frazier & Deeter has grown over the last few years to become one of the largest independent accounting firms in the state of Georgia. When Deeter was asked how the firm maintains the level of quality of work amid such tremendous growth, he responds, “it’s all about establishing personal relationships with clients and being armed with the qualifications to do the job well.”

Bob Voyles of Hines Interests has been a friend and client since Frazier & Deeter opened its doors in 1981. The company and family tax work are all done by Deeter. Voyles explains, “David cares deeply about his clients, and he’s also built a good organization that shares the same values.”

One of Deeter’s clients since the late 1980’s, Brad Bradford, of Brad Bradford Realty & Construction also comments, “David has a strong work ethic, but his no. 1 asset is his integrity."

Deeter is responsible for working to maintain a positive company culture. Not only does the firm provide flexible work schedules for employees, but offers placement at a local day care facility where the firm has an ongoing contract. In addition, the firm works to give back to the Atlanta community through the Frazier & Deeter Foundation and Project Impact.

Frazier & Deeter Announce Staff Promotions

(Atlanta – April 2004) Frazier & Deeter, LLC, Atlanta’s second largest independent Certified Public Accounting and Advisory firm, announce the addition of Ty Dealy as Principal, Mavis Jones as Controller and Michele Alston as Administrative Assistant.

(March 8, 2004) Atlanta, Georgia – Ruth A. Bartlett, CPA, and partner with the Atlanta Certified Public Accounting firm of Frazier & Deeter has been selected to participate in the AICPA CPA Ambassador Program. Bartlett is one of 12 accountants in the state of Georgia to work with the Georgia Society of Certified Public Accountants (GSCPA) and the American Institute of Certified Public Accountants (AICPA) on the CPA Ambassador Program. The CPA Ambassador program is a nationwide, community-based program in which highly trained and influential CPA spokespeople highlight the contributions, expertise, and integrity of the CPA Profession, one community at a time. The AICPA is working with several state CPA societies to initiate this program over the next year.

“A major goal of the CPA Ambassador Program is to help put the spotlight back on the majority of CPAs who are on the job doing good work every day, “said Janice Maiman, vice president of strategic and member communications at the AICPA, “By harnessing the passions, intelligence, and insights of CPAs around the country, we hope to drive community and business leaders, employers, legislators, and others to fully recognize and appreciate the enduring value of the CPA.”

“Unfortunately, over the past couple of years there has been considerable national media coverage highlighting corporate failure and accounting irregularity; but very little coverage acknowledging the honest contributions of the hundreds of thousands of CPAs who conduct themselves every day in accordance with the values that distinguish this profession,” said GSCPA spokesperson Ruth Bartlett, “Through community outreach, CPA Ambassadors in Georgia will promote the profession’s depth of financial knowledge, underscore the AICPA’s and state societies’ effectiveness as advocates for the public interest, and refocus the spotlight on the profession so that it shines on the value and values of the CPA.”

Ruth Bartlett will be offering to each CPA who participates in the program training on four critical message quadrants that will help reintroduce the CPA Profession to the American public: Restoring Confidence, Financial Literacy, Recruitment, and Small Business. CPAs will also have the opportunity auditing standards and quality, and shoring up small businesses that represent the main economic engine of this country.

“We have reached an exciting juncture in the evolution of the accounting profession. Emerging from the challenges of the past two years are extraordinary opportunities for communicating why CPAs are the most trusted advisors to businesses and individuals. Those willing to participate in the CPA Ambassador Program are choosing to help up take on the job of reminding America that America still counts on CPAs,” said Maiman.

Atlanta (February 26, 2004)-Frazier & Deeter is pleased to announce the addition of Shani Anderson and Kevin Rose as staff accountants, and Michael Buice as the newest member of our technology team. Over the last year and a half, Frazier & Deeter has hired 19 new employees, over half of which are newly created positions for one of Atlanta’s largest independent certified public accounting and advisory firms. This growth trend will continue for the firm, as it has plans to accommodate four more new hires in 2004.

In a recent study conducted by the Selig Center for Economic Growth at the University of Georgia, they said that Georgia is leading the way in economic expansion. One of the trends they saw was significant growth in the area of professional services.

Atlanta (January 30, 2004)-Frazier & Deeter, LLC is proud to announce Jennifer Spillman, CPA, has been promoted to tax supervisor and Thomas Weissinger, CPA, CFE, has been promoted to audit supervisor.

Jennifer Spillman, CPA, has been with the firm since 1999. Her primary responsibilities include tax research, planning and compliance for high net worth individuals, real estate, professional services, and closely held businesses. She received both her B.B.A in Accounting, and Master of Accountancy with a Concentration in Taxation from Auburn University. She currently lives in Atlanta. Also, she is a member of Georgia Society of Certified Public Accountants and a member of American Institute of Certified Public Accountants, Cobb Chamber of Commerce, and a member of the British American Business Group.

Thomas Weissinger, CPA,CFE, is responsible for preparing audits, reviews, and compilations of closely held companies in the hospitality, construction and manufacturing industries. As an integral part of the firm’s Hospitality Services Group, he concentrates on the audits of country clubs, resorts and property owners associations. Mr. Weissinger has experience providing employee benefit assurance services for defined contribution, defined benefit, and employee stock ownership plans. He received his B.B.A. in Accountancy and his Masters of Accountancy from the University of Mississippi. He is a member the American Institute of Certified Public Accountants, Georgia Society of Certified Public Accountants, and Association
of Certified Fraud Examiners.

Atlanta (November 18, 2003)- Frazier & Deeter is pleased to announce the addition of Cori Kozarich as Director of Human Resources. In her role as DHR, Kozarich will be responsible for managing professional and campus recruiting, performance reviews and compensation benefits, including healthcare packages. She also will work with the firm to develop a formalized internal training and development program.

With a staff of 70, Frazier & Deeter is the second largest independent firm in the state of Georgia. The addition of Kozarich was a strategic move to strengthen the firm’s plan for growth over the next few years. Prior to joining the firm, Kozarich worked as Human Resources Manager with a large local CPA firm.

For the past 22 years, Frazier & Deeter has watched over the financial future of companies and high net worth individuals. The firm provides tax, accounting, assurance and advisory services to a wide spectrum of industries. Some of which include: real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning.

Local CPA Firm Continues to Grow with New Staff

Atlanta, (October 14, 2003)- Frazier & Deeter, LLC, an Atlanta-based certified public accounting and advisory firm is pleased to announce the addition of William J. Marsh, CPA, Amanda Harrell, Ashley B. Sheber, Ricardo Zertuche, Todd LaTourette, and Alice Lassiter-Thorn, as staff accountants, and Tracy Davis, as an accounting assistant.

William J. Marsh, CPA, contributes over 6 years of public accounting experience to the growth of the assurance practice of Frazier & Deeter. His primary areas of focus are chemical, manufacturing, and interior design. Marsh received his B.B.A. from the University of Kentucky, and his MBA from the University of Montana, and is a member of Georgia Society of Certified Public Accountants.

Amanda Harrell graduated from the University of Georgia with a B.B.A. in Accounting and a Masters of Accountancy. Harrell joined Frazier & Deeter after a 2002 internship and is preparing tax returns for our individual and corporate clients. In addition, she works with our assurance practice on audits, compilations and reviews.

Ashley B. Sheber joined Frazier & Deeter in 2003 as a staff accountant specializing in tax. Her primary responsibilities include tax research and planning assistance for high net-worth individuals and privately-held companies. Sheber also prepares corporate, partnership and individual income tax returns, as well as projection compilation. She received both her B.S. in Family and Consumer Services, and her Masters of Taxation from the University of Georgia. She is a member of the Tau Alpha Chi National Tax Association.

Ricardo Zertuche specializes in the assurance for privately-held companies. He has experience performing technical research and assisting with review and audit engagements. He is also responsible for drafting financial statements and internal controls testing. Zertuche’s main industries of focus are construction, real estate, manufacturing and distribution. He received his B.A. in Accounting from the University of Georgia.

Todd LaTourette graduated from the University of Arkansas with a BS in Accounting, and received his Masters of Business Administration from Mercer University. LaTourette, previously worked as an accounting assistant with Frazier & Deeter and is responsible for preparing tax returns for our individual and corporate clients. In addition, he works with our assurance practice on audits, project compilations and reviews.

Tracy Davis recently joined Frazier & Deeter as an accounting assistant. She is currently pursuing her B.S. in Accounting from Georgia State University and is responsible for ensuring timely and accurate payment of vendor invoices, expense reports and other cash disbursements as well as the monthly close out process.

Frazier & Deeter Particpates in Hands on Atlanta Day

Atlanta, (October 6, 2003)- Atlanta based CPA firm, Frazier & Deeter, is doing what it takes to make a difference in the metro community through the coordinated efforts of its volunteer society, Project Impact. On Saturday, October 4th, the Project Impact Team participated in Hands on Atlanta Day by working at The Big Tree Forest Preserve in Sandy Springs. There the volunteers helped to refurbish a nature trail used by all park patrons.

Hands on Atlanta Day is one of the nation’s largest day of organized volunteerism. Over 16,000 people assembled to meet critical needs at schools, parks, senior homes, and low income neighborhoods in the metro community. Over 1/2 of the Frazier & Deeter staff participate in community service during the course of the year.

Atlanta (June 1 , 2003) – Frazier & Deeter is pleased to announce that Lisa Crockett has received her Certified Public Accounting (CPA) designation from the Georgia State Division of Professional Licensing Services. Georgia requires that all applicants graduate with a four-year degree with 30 hours in upper level accounting, pass all four written parts of the Certified Public Accounting exam, and demonstrate two years of experience in public accounting.

Crockett, tax senior, holds a Masters of Taxation from Georgia State University. She is a member of the Georgia Society of CPAs and the American Institute of CPAs. She helps our corporate and individual clients with tax planning and preparation. She lives in Smyrna, Cobb County.

Since 1981, Frazier & Deeter has watched over the financial future of its clients by providing sound tax, assurance, accounting and advisory services.

Tax cuts, jobless aid OK'd: Extra cash: Stores and economists hope taxpayers will spend that money.
By David McNaughton - Staff

Atlanta Journal-Constitution (May 25, 2003) – Millions of Americans are in line for a midsummer bonus that will arrive in time for vacations and back-to-school sales, thanks to the new tax relief bill.

President Bush is expected to sign the bill into law this weekend, and consumers, retailers and economists are already eyeing the windfall.

Parents will get checks of up to $400 for each child they claimed a credit for on this year's income tax returns. The first checks should hit the mail in mid-July, the Treasury Department said Friday. The last should go out about three weeks later.

Many workers will see bigger paychecks starting in July because of lowered income tax rates. But the extra cash won't take most people very far. For someone who makes $100,000 a year, it will mean about $40 more a week, said Martin Nissenbaum, director of personal income tax planning at the Ernst & Young accounting firm.

Taxpayers who sell assets --- anything from stocks to real estate --- will get a break, too, because their profits will be taxed at lower rates. Investors who receive corporate dividends won't have to pay as much tax, either. The tax savings vary by individual circumstances.

The tax bill is meant to boost the economy, just as the tax-cutting legislation of 2001 was intended to do. The changes of two years ago included rebates. Back then, virtually every taxpayer got a rebate check: as much as $300 for singles and up to $600 for couples.

How much the extra cash did for the economy in 2001 is open to debate, said Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University.

Economists would like to see taxpayers spend this summer's windfall, Dhawan said.

So would retailers. Expect them to unfurl rebate-related sale banners again, just as they did two years ago, said Peter Aman, a retail specialist in Atlanta with Bain & Co., a consulting firm.

"I would expect special promotions oriented to get people to spend that money," Aman said.

There's some competition for the extra cash.

"My advice is to pay down any high interest-rate debt," said Roger W. Lusby III, a certified public accountant with Frazier & Deeter in Atlanta.

The Consumer Credit Counseling Service in Atlanta puts paying off debts at the top of its list, too, along with saving some of the rebate.

That's what Ashley and Marlon Simpson plan to do. The couple will add the rebate to investments they've earmarked to pay for private school for their 13-month-old son, Nicholas.

Before Nicholas was born, there were different priorities, said Ashley Simpson, who works in Atlanta. Part of the rebate of 2001 became investment money, she said.

"The other part paid for some of our vacation."

WHAT THE TAX CUT MIGHT MEAN FOR YOU
Here's a sampling of how some taxpayers would fare on their 2003 taxes under present law and the pending tax cuts:
$30,000 adjusted gross income
Single, age 65, no children
Standard deduction: $5,900
$3,000 dividends
Taxable income: $21,050
Tax: $2,858 present law
Tax: $2,508 proposed
Savings $350
$50,000 adjusted gross income
Single, no children, under 65
Standard deduction: $4,750
$3,000 capital gain
Taxable income: $42,200 present law
Tax: $7,476 present law
Tax: $7,060 proposed
Savings: $416
$50,000 adjusted gross income
Married, 2 children under 17
Standard deduction: $7,950 present law
Standard deduction: $9,500 proposed
Taxable income: $29,850 present law
Taxable income: $28,300 proposed
$2,000 capital gain
Child credit: $1,200 present law
Child credit: $2,000 proposed
Tax after credit: $2,578 present law
Tax after credit: $1,345 proposed
Savings: $1,233
Source: CCH Incorporated / VERNON CARNE / Staff

Atlanta (May 8, 2003) – Partner of Frazier & Deeter, LLC, Chris Etheridge, CPA, has been selected to serve as co-chair for the Georgia Society of CPA’s Peer Review Committee. In his role with the Peer Review Executive Committee he will be responsible for establishing and administering the peer review program in accordance with AICPA and GSCPA standards. Other objectives of the committee are to achieve the educational objectives of the peer review program through implementation of relevant policies and procedures, as well as to provide oversight and guidance of the peer review committee and the peer review administrator.

The committee's mission is to approve all system, engagement, and report reviews. Prescribe actions designed to improve the reviewed firms’ quality control policies and procedures and/or financial reporting practices. Monitor prescribed actions to determine compliance by the firm. The Georgia Society of CPAs provides training for committee members in the spring of each year.

“This is an honor for Frazier & Deeter, as well as for Chris Etheridge,” said David Deeter, managing partner of the firm. “In this position he will be better prepared to help firms maintain the standards of trust and quality that are expected in the accounting industry.”

Frazier & Deeter is one of Atlanta’s leading local certified public accounting and advisory firms. For the past 21 years, the firm has provided tax, accounting, assurance and advisory services to privately-held companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning.

Atlanta (April 2, 2003) – Frazier & Deeter is pleased to announce that Monique Quindsland and Meredith King-Oakley have received their Certified Public Accounting (CPA) designation from the Georgia State Division of Professional Licensing Services. Georgia requires that all applicants graduate with a four-year degree with 30 hours in upper level accounting, pass all four written parts of the Certified Public Accounting exam, and demonstrate two years of experience in public accounting.

Monique Quindsland, an audit senior, is responsible for assisting with the preparation of financial statements and focusing on the compliance issues facing our clients. Her depth of expertise includes the audit of employee benefits plans for clients with defined contribution and benefit plans. She also performs assurance work with clients in the area of real estate, financial services, technology and manufacturing. She lives in Decatur.

Meredith King-Oakley, a senior accountant with the firm, is responsible for handling tax preparation and compliance work, as well as compilations, reviews and financial statements. Her industry expertise is concentrated in the areas of high net-worth individuals, professional service, manufacturing and technology companies. She lives with her husband in Dunwoody.

Since 1981, Frazier & Deeter, LLC, has provided high-net worth individuals and privately held companies with tax, assurance, accounting and advisory services.

(Atlanta, March 3, 2003) – Frazier & Deeter, LLC, Atlanta’s second largest independent Certified Public Accounting and Advisory firm, announce the promotions of Barbara Borczak to Manager, and Meredith Oakley and Lisa Crockett to Senior.

(Atlanta, March 3, 2003) – Frazier & Deeter, LLC is pleased to announce that the Association of Certified Fraud Examiners has awarded Thomas M. Weissinger the designation of "Certified Fraud Examiner" (CFE). The Association's Board of regents awards this designation only to select professionals who meet a stringent set of criteria, including strict character, experience, and education requirements. Mr. Weissinger has successfully met these criteria and now joins the ranks of over 27,000 business and government professionals who have also earned the CFE certification.

With this designation, he has the responsibility of resolving a wide range of allegations of fraud and white collar crime. As Audit Senior at the Firm, he will apply the specialized techniques necessary to detect, investigate and deter fraud upon the request of firm clients.

Frazier & Deeter, LLC is Atlanta's largest local certified public accounting and advisory firms. Since 1981, the firm has provided tax, accounting, assurance and advisory services to privately-held companies and high net-worth individuals. Industry areas of expertise include real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning. For more information visit the web at www.frazier-deeter.com.

(Atlanta - January 16, 2003) Frazier & Deeter, LLC has named Kenneth A. Smith, CPA as partner in the firm. This pivotal transition has broadened the relationship between the Atlanta offices of Frazier & Deeter and Ernst & Young.

While at E&Y, Smith acted as a liaison between Frazier & Deeter and Ernst & Young. His motivation to join the firm was based on the reputation Frazier & Deeter has in the marketplace and the strategic relationship it has with Ernst & Young.

Frazier & Deeter formed a strategic alliance with Ernst & Young in 2002. The formalization of this relationship strengthens the benefits Frazier & Deeter offers its clients. This relationship provides the firm with the opportunity to improve its local market positioning through the use of a portfolio of certain tax, audit and corporate finance, as well as other selected tools, services, content and knowledge of E&Y.

Smith believes that he can, “…now bring more value to the marketplace by combining the strengths of Frazier & Deeter with the specialized products and services of Ernst & Young.”

Managing Partner, David Deeter said, “We are pleased to have Ken Smith come aboard. His outstanding reputation and expertise will afford Frazier & Deeter the opportunity to expand its practice area and client base.”

Smith, former partner in the Atlanta and Columbus offices of Ernst & Young, brings over 17 years accounting industry experience to the firm. He specializes in working with entrepreneurial, multi-state and multi-national companies, in the manufacturing, distribution, high tech and communications industries. His more recent experience includes federal tax matters concerning subchapter C corporations, mergers & acquisitions, federal accounting methods, R&D tax credits, state and local tax issues, including sales and use tax, state tax incentives and international tax matters. Smith has also worked with high net worth individuals, estate and gift tax matters and partnerships.

Smith holds a Master in Tax Accounting from the University of Georgia. He is also a member of the AICPA and the Georgia Society of CPA’s.

Frazier & Deeter, is one of Atlanta’s leading local certified public accounting and advisory firms. For the past 21 years, the firm has provided tax, accounting, assurance and advisory services to privately-held companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning.

(Atlanta - January 3, 2003) Frazier & Deeter, LLC is pleased to announce the newest partner of the firm, Andrew C. Burnett, JD, CPA. This marks a milestone in the career of Burnett, who has played a key role in the development of the firm’s Individual Practice Group.

Managing Partner, David Deeter said, “Andy Burnett has demonstrated superior technical rigor, dedication, and professionalism that have contributed to his naming as partner. He offers a diverse range of skills that are an invaluable resource to the firm.”

Burnett has over 10 years experience in consulting individuals and businesses on tax and financial matters. He joined the firm in 1998 after working for Price Waterhouse in the Atlanta office. His main areas of focus are estate & gift tax planning, income tax planning and preparation, merger & acquisition services, structural planning and charitable planning. In addition, he recently received his Juris Doctor degree with honors from the Georgia State University College of Law.

He is a member of the AICPA and the State Bar of Georgia. He resides in Cobb County with his wife and two daughters.

(Atlanta, December 13, 2002) – Frazier & Deeter, LLC, an Atlanta-based certified public accounting and advisory firm announce the addition of Michael Sute, CPA, as tax manager, Sean Lager, CPA, as audit manger and Amanda McKeithan, as staff accountant. Frazier & Deeter relocated this month from Peachtree Center to the Bank of America Plaza with a 20% increase in office square footage.

Michael Sute, CPA, recently rejoined our staff as tax manager. He focuses on delivering income planning and preparation services to individuals and closely-held companies in the real estate, professional services, manufacturing, retail and leasing industries. Sute has significant experience dealing with multi-state sales and use tax. He received his B.S. from the University of Alabama and is a member of the GSCAP, AICPA and IPT (Institute for Professionals in Taxation).

Sean Lager, CPA, specializes in the areas of real estate, construction and hospitality. His prior real estate experience focused on large land development projects. He also has worked with property owner associations, manufacturing entities, service organizations, governmental and mortgage institutions. He is a member of the GSCPA and AICPA. In 1993, he received his B.S. in Accounting from Troy State University (Alabama).

Amanda McKeithan graduated from Auburn University with a B.S.B.A. in Accounting and a Masters of Accountancy. McKeithan was actively involved in the student government at Auburn University and was offered the position at Frazier & Deeter after a 2001 spring internship. She is responsible for preparing tax returns, assisting with audit engagements, compilations and reviews.

As of October 2002, Frazier & Deeter, LLC, one of Atlanta’s leading local certified public accounting and advisory firms has voted to adopt and establish the Frazier & Deeter Foundation, Inc. The foundation was created to contribute to qualifying charities that are of interest to the employees of the firm and to benefit programs that impact the Metro Atlanta community.

The key motivator behind the Frazier & Deeter Foundation, Inc. is to benefit organizations that are driven by personal involvement of firm employees. The Foundation will match gifting/donations up to a predetermined limit to qualified 501(c)(3) charities made by firm employees that opt to participate in the program.

The Foundation also enables the firm to use collections to sponsor programs that impact the well being of the Metro Atlanta Community. These contribution nominations are reviewed and approved by a selected panel of firm partners, staff accountants and administrate members.

In addition to the Foundation, Frazier & Deeter, LLC has made significant efforts to support various charitable organizations throughout the years. Some of the more visible groups include the Leukemia Society, The American Diabetes Association, the YMCA and Big Brothers & Big Sisters of America.

Atlanta Business Chronicle (July 26, 2002) – An Atlanta accounting firm is moving on up. Frazier & Deeter LLC has signed 10-year lease to locate on the 19th floor of the Bank of America Plaza.

The firm plans to move by Dec. 1 from its current office at Peachtree Center's Harris Tower. Frazier & Deeter Chief Operating Officer Bob Cook said the firm is also grabbing more square footage, from 19,000 square feet at Peachtree Center to 22,800 square feet at the Bank of America Plaza.

"We're obviously a growing firm," Cook said. "It'll give us some room to grow." Frazier & Deeter currently employs 65 people, he said.

Mike Warren of Carter & Associates brokered the deal for Frazier & Deeter. Walter Fish with Cousins Properties Inc. (NYSE: CUZ) represented the landlord.

Atlanta (July 25, 2002) – Frazier & Deeter, LLC, a leading local certified public accounting and advisory firm, and F&D Advisors, LLC, an affiliated wealth management firm, have finalized plans to move late fall 2002 from Peachtree Center's Harris Tower to the Bank of America Plaza. The deal was struck after a long negotiation process between Carter & Associates, the real estate broker on behalf of Frazier & Deeter, and Cousins Properties Inc., the management company for the Bank of America Plaza building.

Frazier & Deeter will be relocating to the 19th Floor of the building and has contracted Atlanta firm, BrooksBurr, to handle interior design and decoration. The targeted move date is Early December, 2002.

David Deeter, managing partner of Frazier & Deeter said, "This transaction would have not happened if it was not for the hard work and dedication of Mike Warren of Carter & Associates and Walter Fish of Cousins Properties." He also commented that partners and staff are excited about the transition.

Atlanta (July 18, 2002) – It seems that in such an economic down-turn and with such uncertainty regarding the accounting profession that accounting firms should be taking measures to "tighten the ship" as they say. Frazier & Deeter, LLC, one of Atlanta's premier certified public accounting and advisory firms is taking that idea one step further by announcing the newly created position of Supervisor.

Barbara Borczak, CPA, Jeremy Jones, CPA, Frank Kimler and Sandi Worrell, CPA, have been promoted to the position of Supervisor. The responsibilities of this position are to assign work load, track and monitor job progress and then review completed assignments to ensure the highest level of technical rigor on behalf of firm clients. They will also be assisting with the training and continuing education of staff members.

James F. Frazier, Jr., co-founder of the firm said, "It is wonderful that we have been afforded four members of our staff who are uniquely qualified and talented enough to hold this position."

Atlanta (July 17, 2002) – Frazier & Deeter, LLC, an Atlanta-based certified public accounting and advisory firm added, Monique Quindsland, to the professional staff and promoted, Michael Hendricks and Mary-Evelyn Starnes.

Monique Quindsland recently joined the staff as Audit Senior after making a transition from the Atlanta Arthur Andersen office. She has extensive background working in the fields of real estate, technology, manufacturing and financial services. Quindsland has performed benefit plan audits for clients with defined contribution and defined benefit plans. She received her BBA in Accounting and MACC in Audit from the University of Georgia in Athens.

David Deeter, managing partner, said, "We are pleased to have Monique join our team. Her experience and industry knowledge will compliment our industry niche groups and help broaden our practice."

Michael Hendricks has been promoted to Tax Senior. Hendricks prepares corporate, partnership and individual income tax returns, as well as compiling projections. He is also involved in planning and research for business, tax and accounting systems consulting. He received his Master of Taxation from Georgia State University, and his Bachelor of Business Administration in Accounting at Georgia Southern University.

Mary-Evelyn Starnes has also been promoted to Tax Senior. She works with our Real Estate, Manufacturing and Individual Practice groups focusing on tax compliance and research issues. She graduated with a Masters of Accountancy and Bachelor of Business Administration from the University of Georgia.

Atlanta (June 27, 2002) – Frazier & Deeter, LLC, has been ranked by the Atlanta Business Chronicle as one of the "Top Accounting Firms" in the city. Every year for the past decade Frazier & Deeter has been recognized as a leader in the local market.

The firm moves up four positions this year to number eleven. The firm contributes this ranking to the momentum the firm has generated over the last twelve months. David Deeter, managing partner, said "When the firm opened over twenty years ago, we wanted to be a successful certified public accounting firm - today we want to be the best certified public accounting firm in the city. We have our many talent staff, clients and contacts to thank for this recognition."

The top spots on this list have been held by Big-5, National and Regional firms since introduction of the list by The Atlanta Business Chronicle. As a leader of the local market, Frazier & Deeter hopes to see continued prosperity for years to come.

Frazier & Deeter, LLC, is currently celebrating their 20th anniversary. They provide tax, accounting, audit, and advisory services for privately held companies and individuals.

Physicians Financial News (June 15, 2002) - Now there’s a “new” new tax law. The law signed by President Bush in mid-2001 has been succeeded by the Job Creation and Worker Assistance Act of 2002, which became law last March. Some provisions of the latest law may be tax-savers for physicians; indeed, you may be able to retroactively enjoy tax savings for 2001.

Here are some of the key elements:
• Bonus depreciation. You can claim greater first-year write-offs for purchases of computers, machinery and other equipment. A 30 percent “bonus” applies to most types of business property (except for real estate) purchased between Sept. 11, 2001 and Sept 10, 2004, so purchases made late last year are included. If you spent $100,000 on diagnostic equipment in the last quarter of 2001, for example, you can claim a special $30,000 deduction for 2001 while the remaining $70,000 of the purchase price can be depreciated under the usual rules.

“The special rules that let you ‘expense’ equipment still apply,” says Michael Andreola, partner in the New York office of the accounting firm BDO Seidman. “That is, you may be able to deduct up to $24,000 worth of equipment purchases in 2001, and again in 2002. For amounts left over, you can take an immediate 30 percent depreciation deduction.” He notes that the new law covers leasehold improvements, too, which would entitle you to faster depreciation deductions if you have paid to renovate office space that you lease.

• Business cars. A quirk in the tax code caps first-year depreciation of a car used for business; for 2001 and 2002, that cap had been set at $3,060, assuming 100 percent business use. The new tax law raises the ceiling on first-year depreciation for passenger autos to $7,660, during the three-year period mentioned above. Roger W. Lusby, III, tax partner in the Atlanta accounting firm Frazier & Deeter, says that the new depreciation rules, allowing greater depreciation deductions for business use of cars, will be especially useful for physicians who are not employees and thus not subject to the 2 percent miscellaneous itemized deduction rules.

“If your vehicle is used less than 100 percent for business, the $7,660 maximum depreciation figure must be reduced accordingly,” says Marty Abo, a CPA in Voorhees, N.J. Suppose, for example, you purchased a business car last year, placed it in service after Sept. 10, and claim 75 percent business use.

“In that case,” says Mr. Abo, “you could take an extra $3,450 depreciation deduction for 2001: 75 percent times $4,600. This would be above the normal depreciation you would have been entitled to for a business car purchased in 2001: 75 percent times $3,060, or $2,295.” Altogether, then, the total write-off would increase from $2,295 to $5,745, with 75 percent business use.

If you are in such circumstances, and you already have filed your 2001 tax return, what should you do? “You’d probably want to file for a refund,” says Mr. Abo. “Presumably, the fee you’d have to pay your accountant would be dwarfed by the refund you’d receive. If you’re in the 39 percent tax bracket, for example, the extra deduction would be worth approximately $1,345.”

Indeed, Mr. Andreola says that computer programs issued to tax prepares in early 2002 do not provide for the new law’s bonus depreciation deduction.

“We obtained filing extensions for those clients who might be affected,” he says. “If you already have filed your return, and you qualify for extra 2001 depreciation deductions because of the new law, you can file an amended return and receive a refund.”

Some taxpayers are leery that filing amended returns may bring unwanted attention from the IRS, but that’s not likely this year if you have a well-documented equipment purchase.

• Medical savings accounts (MSAs). The new law extends the pilot program for MSAs through the end of 2003. Previously, the program was scheduled to expire at the end of 2002.

MSAs, which are limited to self-employed individuals and companies with up to 50 employees, require participants to buy a health insurance policy with a high deductible. In 2002, those deductibles must range from $1,650-$22500 for individuals and $3,300-$4950 for families. Moreover, the policy must limit the total out-of-pocket expenses (deductibles and co-payments) to $3,300 per year for an individual and $6,050 per year for a family. (These numbers may be adjusted periodically, based on changes in the Consumer Price Index.)

In addition, employers or employees (but not both) can make tax-deductible contributions to participants’ MSA accounts. MSA contributions may be as much as 65 percent of the deductible for individuals and 75 percent of the deductible for families. Thus, a family with a $4,950 deductible could contribute up to $3,712.50 this year to an MSA.

If you’re an employer, premiums paid for the high-deductible policies are fully tax deductible, along with any contributions made to employees’ MSAs. (Contributions to employees’ MSAs can’t be discriminatory.) You likely will come out ahead, compared with the cost of providing a standard health plan, because high-deductible policies are relatively inexpensive.

An MSA acts like an IRA, so contributions can grow without being subject to income tax. MSA money can be withdrawn to cover healthcare outlays before the insurance kicks in; withdrawals also can be used for uncovered healthcare items such as vision and dental care.

When eligible payments are made from an MSA, no income tax will be incurred. Thus, with an MSA you and your employees will be paying for healthcare with pre-tax rather than after-tax dollars. The higher your tax bracket, the greater the advantage of using an MSA.

If all the money you contribute to an MSA is not needed for medical outlays, any unused funds can be carried over from year to year. In fact, the excess can stay in your MSA until there is a need. MSA withdrawals for non-medical reasons are subject to income tax, plus a 15 percent penalty before age 65.

• Simplified employee pension (SEP) plans. The new law corrects a technical mistake in the 2001 tax act. As a result, the SEP contribution limit for 2002 jumps from 15 percent to 25 percent of compensation, up to a maximum of $40,000 this year. Therefore, with a SEP you can contribute as much as you can to any type of a defined contribution plan (such as a profit-sharing plan), but with less paperwork.

According to Barry Picker, a CPA and financial planner in Brooklyn, N.Y., physicians who work as employees (even employees of their own professional corporations) can maximize SEP contributions this year if they earn at least $160,000. They can contribute 25 percent of pay.

“For a sole proprietor filing a Schedule C, it’s a little more complicated,” he says. “You can still contribute up to 25 percent of compensation, but there’s a different definition of ‘compensation’ for taxpayers filing a Schedule C.”

In these cases, compensation is the net income on the Schedule C, reduced by the deduction for one-half of the self-employments tax, and also reduced by the SEP contribution itself.

“The computation may vary for some individuals,” says Mr. Picker, “but many doctors who are not employees will need to earn about $208,000 this year in order to contribute the maximum $40,000 to a SEP.”

Now that the contribution limits have been raised, you may want to consider a SEP rather than your existing retirement plan. “If you are part of a practice, the decision on choosing a retirement plan usually is made at the entity level,” says Mr. Lusby. “If you’re a sole proprietor, you probably should just do a SEP – that is the easiest and least expensive solution.”

The downside? “You will have to contribute for any employees,” says Mr. Lusby, “and they are vested 100 percent in any contributions.”

That’s the key tradeoff, according to Oscar Destruge, director of technical services at Diversified Investment Advisors in Purchase, N.Y. “When you sponsor a SEP,” he says, “you must cover all employees who are at least 21 years old and who have worked for you three of the past five years. You must make a contribution on their behalf that’s proportionate to your own contribution.”

For example, if you earn $200,000, you can max your SEP with a 20 percent ($40,000) contribution this year. If so, you would have to put in $6,000 for an employee earning $30,000, $8,000 for an employee earning $40,000, and so on.

“Unless you’re willing to make those types of contributions,” says Mr. Destruge, “you may prefer some other type of retirement plan, one that’s more expensive to administer but will permit you to contribute less for your employees.”

That is, a physician with a small, low-paid staff that turns over frequently may prefer the simplicity of a SEP; with a higher payroll, you might want to investigate a sophisticated version of a profit-sharing plan that will let you maximize your own contributions while minimizing those made for employees.

Atlanta (May 15, 2001) - Charles Schwab & Co. Inc. today announced the participation of F&D Advisors, LLC, a local financial advisory firm and affiliate of Frazier & Deeter, LLC, in the Schwab Advisor Network™. This Network is an exclusive referral service for affluent investors who seek investment guidance and support from independent financial advisors.

The Schwab Advisor Network™ is the largest prescreened group of independent advisory firms of its kind and is comprised of investment advisors who provide fee-based portfolio management and financial planning services to investors.

The Schwab Advisor Network member advisors include experts from every area of financial management--from investment management to estate and tax planning and fixed income strategy--and share Schwab's commitment to providing objective advice based solely on investor needs and without traditional conflicts of interest from transaction-based compensation.

F&D Advisors was hand-selected by Schwab based on their financial experience, integrity and professional accomplishments - and were personally invited to participate. Only a limited number of firms nationally have been chosen to participate in this exciting program.

F&D Advisors has been named one of the top financial planning firms by the Atlanta Business Chronicle and Bloomberg Wealth Manager. F&D Advisors offers independent, objective and comprehensive wealth management solutions by helping our clients in the areas of asset management & investment consulting, charitable & estate planning, and insurance and mortgage services.

For more information on The Schwab Advisor Network™ or F&D Advisors, LLC, visit www.aboutschwab.com/network and www.fdadvisors.com .

Atlanta (April 18, 2002) – David A. Deeter, managing partner of Frazier & Deeter, LLC, received the Distinguished Alumni Award from Georgia State University's School of Accountancy. He joins the list of many other thought-leaders from the metro-Atlanta financial business community who have been recognized by the University.

Since 1990, this award is presented annually to one individual who has made a significant impact in the Atlanta financial community. Deeter graduated with a MBA and BBA from Georgia State University.

Deeter is co-founder of Frazier & Deeter, LLC. He is actively involved in facilitating the growth of the firm. He assists individuals and privately-held companies with tax and financial planning strategies and offers broad-based advisory services. He works closely with real estate, construction, manufacturing and services companies, as well as non-profit entities.

Frazier & Deeter, LLC is currently celebrating their 20th Anniversary. The firm offers tax, accounting, assurance and advisory services to individuals and closely-held companies.

Atlanta (April 9, 2002) – Taxpayers who are not ready to file their 2001 Tax Return by April 15th should file an extension with the IRS. This extension must be filed by midnight of April 15th and must be accompanied by any balance due to the US Treasury.

The extension does not give extra time to pay the tax due, but it does give individuals until August 15th to file the return. Taxpayers must make a reasonable estimate of their total tax liability and pay their balance or the IRS may not grant the extension.

The IRS will charge interest on any additional tax owed when the return is finally filed. In April 2002, the interest rate is 5.85%.

In addition, there is a late payment penalty of 5% per month if the taxpayer pays less than 100% of the total tax by April 15th. The penalty for filing late is ¸% a month up to 25% on unpaid amounts. For returns more than 60 days late, the minimum penalty is the smaller of $100 or 100% of the tax owed.

Frazier & Deeter, LLC is currently celebrating their 20th Anniversary. The firm provides specialized tax, accounting, audit and advisory services for individuals and closely-held companies.

Atlanta (February 19, 2002) – Roger W. Lusby, III, CPA, CMA, AEP, partner of Frazier & Deeter, LLC, was recently appointed as editorial advisor for The Tax Adviser. This prestigious position is given to select members throughout the United States.

Some of the responsibilities Lusby will incur while holding this 5 year position include: review of submitted manuscripts, suggesting topics of importance for tax articles, recommending authorship for tax articles, assisting with the selection of TTA's "Best Article" Award, making recommendations for overall content and formatting, and evaluating the publication on a monthly basis.

This national publication, produced by the American Institute of Certified Public Accountants, covers a broad range of tax information topics. As an editorial objective, TTA deals primarily with technical aspects of Federal (and some state) taxation. The publication was first launched in 1970 and currently has a circulation of 30,000+.

Atlanta (January 8, 2002) – Frazier & Deeter, LLC, one of Atlanta's most prestigious accounting and advisory firms, has promoted Andrew Aston, ACCA, to manger, Alyse Franklin, CPA, to senior accountant, and Jennifer Rose to staff accountant. The firm also congratulates Mike Hendricks with the designation of CPA. Martin Bahl, and Lisa Crockett have joined the firm as staff accountants, and Todd Latourette as accounting assistant.

David Deeter, managing member of Frazier & Deeter said, "As we continue to add new talent to our team, we look forward to growth and prosperity in 2002. We also would like to congratulate staff members who have demonstrated superior marks of achievement and promotions."

Aston's main responsibilities include audits, reviews and compilations for closely-held companies. He works with a variety of industries including; wholesale and distribution, service and technology. He also is credited for developing and maintaining the primary accounting software package for the firm. Before joining Frazier & Deeter, Aston worked as a manger for Horwath Clark Whitehall in the UK.

Franklin prepares financial statements, reviews and compilations, as well as corporate and individual tax returns. She is also involved in business consulting and financial analysis for closely-held companies. Prior to joining the Firm, she worked in the private industry where she obtained 6.5 years of business process knowledge while working in accounting and finance. Franklin holds an MBA with a concentration in accounting from Mercer University. She is a member of the GSCPA and the AICPA.

Rose has worked with Frazier & Deeter for two years and recently was promoted from accounting assistant to staff accountant. Her main areas of competence include tax and compilations for service companies. She is the acting president of Beta Mu Chapter of the Beta Alpha Psi and recently graduated with a BBA from Georgia State University. Rose is currently pursuing her Masters of Taxation at GSU.

Hendricks, as staff accountant with the firm, prepares corporate, partnership and individual tax returns, as well as compilations. He is also involved in planning and research for business, tax and accounting systems consulting. He holds a Master of Taxation from Georgia State University and is a member of the GSCPA and the AICPA.

Bahl, staff accountant, received his Masters of Accountancy and BBA in Accounting from the University of Georgia. He is looking forward to his position here after having interned with the firm during the summer of 2000. His strengths are audit and assurance work. He resides in Fulton County.

Crockett, staff accountant, joined Frazier & Deeter after working with a national accounting firm in Atlanta. She works in both the tax and auditing departments with concentrations in manufacturing and distribution, construction and service companies. She received her degree in 1999 from the Georgia Institute of Technology and is currently working on her Masters of Taxation from Georgia State University.

Latourette graduated from the University of Arkansas with a BS in accounting in 1999. Before joining the firm as accounting assistant he played professional football for New Jersey Arena Football. He is currently pursuing his Masters of Business Administration from Mercer University and is expected to graduate in early 2003.

Atlanta (January 7, 2002) –- F&D Advisors, one of Atlanta's top financial planning firms, is pleased to announce J.D. Crowe as the newest partner of the firm.

Since 1998, Mr. Crowe has been the Vice President of Mortgage Services. As a member of the firm's wealth management solution team, he concentrates on clients' debt management, specifically related to residential mortgage origination.

Doug Liptak, one of the founding members of the firm said, "J.D has been a valuable addition to our firm. He delivers professional service and makes the mortgage process very timely and efficient for our clients. We are glad to have him as a partner as our firm continues to grow".

As one of the largest CPA based mortgage originators, F&D Advisors has seen a significant increase in the volume of refinance activity over the past several months with the economic impact on the drop of mortgage interest rates. The historically low interest rates have provided great opportunity for our clients to save thousands of dollars by refinancing.

He lives with his wife and two sons in Roswell and is an active member of the Furman University Alumni Association, North Point Community Church in Alpharetta and the National Eagle Scout Society.

F&D Advisors, an affiliate of Frazier & Deeter, LLC, has been named one the top financial planning firms by the Atlanta Business Chronicle and Bloomberg Wealth Manager. F&D Advisors, LLC offers independent, objective and comprehensive wealth management solutions by helping our clients in the areas of asset management & investment consulting, charitable & estate planning, and insurance & mortgage services.

Atlanta (January 2002) – Frazier & Deeter, LLC, is pleased to announce that Terri Lawson, CPA, has been named the newest member of the firm. She specializes in estate taxation and planning, fiduciary, gift and individual income tax.

Lawson joined the firm in 1988 after graduating from the University of Georgia, J.M. Tull School of Accounting. Since then she has gained more than fourteen years of experience in preparing and reviewing complex tax returns for individuals, estates and trusts. Client assistance is also provided in the areas of tax, estate and succession planning. She is responsible for training and supervising staff accountants on tax engagements.

Roger W. Lusby, senior tax member who specializes in estate and trust planning said, "We are pleased to announce that Terri Lawson has become a partner in F&D. She will continue to work with high income individuals while specializing in the estate and trust areas."

Recently Lawson spoke nationally for Edward Jones Brokerage and taught a course for Gevity Human Resources on Estate planning in 2001 and beyond under the new tax act. She is also a member of the GSCPA and AICPA. Other notable professional organizations she is involved with include the Atlanta Estate Planning Council, Atlanta Tax Forum, National Tax 20 Group and the Estate Planning Council of North Georgia.

Atlanta (January, 2002) – Frazier & Deeter looks forward to a successful new year as they announce this years' big themes for growth and prosperity. The themes were impacted by increasing consumer interest in personal financial decision making and market trends towards value-added services and specialization. These demands reinforce the effort of firms like Frazier & Deeter, LLC, to transform the way their services are offered and communicated to clients and potential clients.

The themes were introduced by David A. Deeter, managing partner of the firm, during a year-end staff lunch. "As our firm continues to grow and become more diverse, focus and attention will be necessary to fulfill our client centered solutions. Service to our clients is and always has been our most competitive asset," says Deeter. "We are continuing to invest in building strategies that will educate and train our staff to become even more responsive to the needs of our clients." Planning for a series of internal training workshops is already underway.

Industry niche development which supports the interests of clients has been a topic of discussion of industry forecasters for the past year. Frazier & Deeter has always served these industry groups, but intends to communicate their firm’s added value with the launch of a newly redesigned web site this spring.

The new site will offer a more streamlined approach to assisting clients with their financial challenges. It will also feature an industry focus area that highlights the depth of expertise in each niche. Providing more personalized solutions is the main goal of the launch.

Site Map