Briggs & Veselka, Houston's largest independent accounting firm, announced the acquisition of William M. Shields, P.C., a Houston based CPA firm focused on tax planning and compliance services.
Bill Shields will join the firm as a partner, and all the firm's professional employees will join Briggs & Veselka in various positions.
Shields currently represents more than 1,000 clients domestically and internationally and has been awarded the CMUS Talk of the Town Award for Excellence in Client Satisfaction three times.
"Shields has a reputation for great client service, which is one of the many commonalities we discovered in the discussions leading up to this acquisition," said John Flatowicz, Managing Partner of Briggs & Veselka.
B&V earned an 81 net promoter score last summer, a client satisfaction measurement that is more than four times the industry average.
"We are hoping that additional resources - international tax, state & local tax, audit & attestation, and consulting services will be a great resource for our clients in the Southwest and elsewhere," said Bill Shields.
The additional staff and clients will also add to the growth of the Briggs & Veselka tax practice, which has been proactively communicating with their clients around the recent changes to the individual, corporate, and international tax regulations under the tax reform bill passed last month.
"Since the code has not been published, it still remains to be seen the true impact on our corporate and individual clients," said Jason Sanders, Tax Department Chair.
The addition of Shields' firm follows the announcement in January on the addition of a firm in Austin and earlier this month of Pathway Forensics in Houston.
Briggs & Veselka's Managing Partner John Flatowicz indicates there are other such transactions in the works and commented, "Being a legacy firm means we intend to remain independent through the consolidation in the industry. The partners and I strongly believe that preserving our unique culture will allow the firm to invest in the resources our clients need today and into the future."
About William M. Shields, P.C.
William M. Shields, P.C. and its predecessor entity has served individuals and closely-held businesses in the greater Houston area since 1993, providing confidential advisory, tax planning, and compliance services.