Teal, Becker & Chiaramonte, CPAs, P.C. (TBC) announced today that Timothy Spadaro, the director in the Firm’s Valuation & Advisory services group, has been awarded the Accredited in Business Valuation (ABV) Credential by the American Institute of Certified Public Accountants (AICPA). Established in 1998, this credential is granted to qualified CPAs who are also business valuation service providers.
Requirements to earn the ABV credential include passing a rigorous exam, demonstrating substantial business experience in the area of financial forensics, and completing a minimum of 75 hours of life-long learning and educational activities in the area of valuation, in which Spadaro met all of these requirements.
Spadaro, who is also a CPA, earned both his Bachelor and Master of Science degrees in Accounting from Bentley University. Since joining TBC in 2015, he also earned his Chartered Financial Analyst credential. His role in overseeing the Valuation & Advisory services division includes providing valuation and consulting services related to buy-sell transactions, succession planning, estate and gift tax filings, matrimonial dissolutions, shareholder disputes, litigation support, and more.
“Earning the ABV is an important step in Tim’s progression as a skilled valuation professional,” said James Drislane, the firm’s managing partner. “We congratulate him on this accomplishment and see it as a huge benefit to our clients who are in need of valuations or calculations to help them achieve future business goals.”
Serving clients in the areas of accounting, auditing, tax, and advisory services, TBC offers specialty services such as trusts and estates administration, business advisory, business valuation, litigation support services, fraud investigation, forensic accounting, economic damage calculations, and pension services. The traditional accounting and tax services are provided to a diverse clientele in six primary markets: commercial businesses, governmental, employee benefit plans, labor organizations, not-for-profit organizations, and individuals. Commercial clientele includes construction contractors, distributors, manufacturers, professional service firms, automotive dealers, real estate developers, retailers, technology companies, and wholesalers among other businesses.