Holthouse Carlin & Van Trigt (HCVT) has been named an IPA Best of the Best firm for 13 years in a row. It also jumped five spots up the IPA 100 list this year, with 15% growth, and is now ranked the 31st largest accounting firm in the nation. INSIDE Public Accounting asked MP Phil Holthouse to offer his insights into his firm’s success, growth goals, top clients and predictions on how the accounting profession may change over the next 10 years. Congratulations to the entire HCVT team.
To what do you attribute 13 consecutive years on IPA’s Best of the Best list?
We are committed to providing our clients with technical excellence and a client first attitude. When Jim Carlin, John Van Trigt and I came together 26 years ago, we wanted to create a firm that was different for our clients and employees – a firm based on technical excellence, and a business model built on partner access and accountability, where the focus is on needs of the client. I think we have achieved that goal, among many others, but we always remain a work in process.
Tell us about the types of services you provide to your top three clients.
We provide comprehensive tax services to our top three clients that are complex global organizations with sophisticated structuring, planning and reporting needs.
What are your growth goals for the next five years?
We expect that our organic growth will continue and we will continue to pursue opportunistic lateral hires. Growth for HCVT is all about adding the right clients with needs that are aligned with our services and areas of specialization.
What type of client is an ideal fit for your firm?
Ideal clients are businesses and high-net-worth individuals with complex issues that will benefit from the depth of our services, private businesses that require assurance services in specific industries and practice specialization, and individuals and organizations that are not looking for a low-cost provider. Tax services represent our largest service line. HCVT’s tax professionals assist our clients to navigate the challenges and risks associated with the complex and often overwhelming tax environment by providing innovative and fact-based solutions customized to their specific needs. Whether the need is a federal, state and local, international or estate and trust tax issues, our team has the experience and technical skills to help provide the right answers and strategies.
Can you predict how accounting firm services will change over the next 10 years?
Data analytics, automation and the leveraging of technology will change how we deliver our services. Odds are that government taxes and regulations will not ease, will remain messy and will not simplify our lives. Pricing pressure for tax compliance and audit services will not lessen. Societal and generational forces will prompt (or accelerate) changes in how we communicate, where we work and how we work, e.g., AI, blockchain.