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News

Hood & Strong LLP Proudly Supports the March of Dimes Annual Event, March for Babies

Hood & Strong LLP supports the March for Babies' mission to help every baby be born healthy. Our team will be walking on Saturday, April 26, 2008 in San Francisco. To learn more about the March of Dimes, or their annual event, March for Babies, please visit www.marchofdimes.com. To support our team, please visit www.marchforbabies.org/418541.


Celebrating 90 Years And Still Counting From the Managing Partner
We are proud to be celebrating 90 years of providing professional services to our many clients and business associates. All of us at Hood & Strong LLP realize that our continued growth and success is due to our relationships with the many respected businesses and successful individuals with whom we have the pleasure of working with. We are especially proud of the many long-term relationships with clients that have spanned several generations.

Our success is also due in large part to our talented team of partners and employees. Hood & Strong LLP continues to recruit and retain top talent providing our clients with the best service possible. One thing that has changed since 1917, is the composition of our workforce. We are pleased to say that 50% of our partner group is comprised of women and minorities.

For the past 90 years we have listened to the needs of our clients and the changing local business landscape and have responded to meet their needs. That is why in the last few years we began to offer, Fraud Services, Sarbanes-Oxley Consulting Services, International Tax Services, and additional specialization in the Private Equity, Life Sciences and Technology industries. At Hood & Strong LLP we are always committed to assist our clients in every aspect of their business enterprise.

We have maintained strong ties to the Bay Area community and continue to be involved in the community that we work in. We recently implemented a “Charity Awareness Program” that focuses on a new community issue every month. This program complements Hood & Strong LLP’s volunteer activities, namely the quarterly volunteer outreach program, paid time each month for employees who volunteer, and numerous Board activities that our partners and employees engage in.

Thank you to everyone that made our 90 year anniversary possible. Let’s look forward to continued growth and prosperity and another 90 years.


Changes in San Jose for Hood & Strong LLP
Hood & Strong LLP was founded ninety years ago on the premise of delivering high-quality accounting services to San Francisco’s most prominent individuals and family-owned companies. Over the years, we have grown to serve the comprehensive financial needs of a diverse range of clients throughout the Greater Bay Area. This year, we are delighted to announce our continued expansion with the opening of our new South Bay and San Jose offices.

Effective May 15, the Hood & Strong LLP team in Menlo Park expanded to new offices in downtown San Jose and Redwood Shores. This move came at an exciting time for the Firm, as we continued to deepen our expertise and reach among both established and emerging Silicon Valley companies. It was a pleasure for all of us to be “coming home” to San Jose after an absence of nearly 25 years.

The partners and staff of Hood & Strong LLP, thank you for your continued trust. We are honored to serve as your integrated financial partner, and look forward to continuing to provide you with a full complement of tax, audit, business consulting and wealth management services.


Jennifer Dizon Selected to Receive 2007 TWIN Award
The YWCA of Silicon Valley awarded Jennifer Dizon, Hood & Strong LLP Partner, as honoree for the 23rd Annual Tribute to Women (TWIN) awards. The Tribute to Women Awards Program is in its 23rd year and has long been considered one of Silicon Valley's most prestigious awards.

The purpose of the Tribute to Women Awards Program is to honor both women who exemplify excellence in executive-level positions and the companies who employ them. Nominations were blindly reviewed by the Tribute to Women selection committee made up of former Honorees. This year, forty-nine outstanding executive women from Silicon Valley were honored the TWIN award.

About the YWCA of Silicon Valley
The YWCA of Silicon Valley has provided services for over 100 years in Santa Clara County. Serving over 24,000 Santa Clara County residents, the YWCA provides programs in the areas of sexual assault intervention and prevention, counseling services, childcare, youth programs, family enrichment and social and racial justice. Their mission is to empower women, children and families, and eliminate racism, hatred and prejudice. For more information about the YWCA of Silicon Valley visit www.ywca-scv.org.


Implements a Charity Awareness Program
Hood & Strong LLP, a leading CPA firm, announces the implementation of a “Charity Awareness Program.” The program is designed to complement Hood & Strong LLP’s existing volunteer activities, namely the quarterly volunteer outreach program and paid time each month for employees who volunteer.

Every month a new community issue from cancer to homelessness will be chosen by Hood & Strong LLP’s Volunteer Committee. Awareness for the issue will be created via internal and external communications. The focus will be on important statistics, local charities that are working to help, and a call for employees and others to become involved. “Relationships matter to us—they’re the basis of community, and community is the basis of good business,” said Susan Malone, Partner Liaison for the Volunteer Committee. “We are hoping that the Charity Awareness Program will get more people involved in the community.”

The program will debut with a focus on the “Bay Area Hungry.” In addition to the information that will be distributed about hunger, the Volunteer Committee and fifteen to twenty volunteers will partner with a local food bank to help distribute food to the needy. Also donations of food will be collected for the 150,000 people in San Francisco who live with the threat of hunger every day.


Charles Crume Earns CFE Designation
The Association of Certified Fraud Examiners, the world's leading provider of anti-fraud training and education, is pleased to award Charles Crume the globally preferred "Certified Fraud Examiner" (CFE) designation. CFEs are knowledgeable in four areas critical to the fight against fraud: Fraudulent Financial Transactions, Criminology & Ethics, Legal Elements of Fraud and Fraud Investigation.

The ACFE's Board of Regents awards this designation only to select professionals who meet a stringent set of criteria, including character, experience, and education. Charles has succesfully met these criteria and now joins the ranks of over 16,000 business and government professionals worldwide who have also earned the CFE certification.

CFEs have the ability to: Examine data and records to detect and trace fraudulent transactions; interview suspects to obtain information and confessions; write investigation reports, advise clients as to their findings and testify at trial; be well-versed in the law as it relates to fraud and fraud investigations; and understand the underlying factors that motivate individuals to commit fraud. CFEs on six continents have investigated more than 1 million suspected cases of civil and criminal fraud.

About the ACFE
The ACFE, the world's premier provider of training and education for fraud detection and deterrence, has over 37,000 members, sponsors more than 103 chapters worldwide and provides anti-fraud educational materials to over 100 universities. Identified as "the premier financial sleuthing organization" by The Wall Street Journal, the ACFE has captured national and international media attention. For more information about the ACFE visit www.ACFE.com.


Honoring 30 Years of Service
Hood & Strong LLP, one of the largest and oldest firms in the Bay Area, announces the retirement of William L. Fogarty. Since joining Hood & Strong LLP in January 1977, Bill has served clients with dedication, integrity and professionalism. With nearly 30 years of service to the Firm, Bill has played a key leadership role in creating one of the largest CPA firms in the Bay Area.

Bill is a Certified Public Accountant with close to 40 years of public accounting experience providing both tax and attestation services to clients. Bill joined Hood & Strong LLP in the San Francisco office following experience with an international CPA firm. In early 1980, he relocated to the Palo Alto office and became the Partner-in-charge of that office in October. He laid the foundation for transforming the office from a tax and bookkeeping office to the full-service CPA office. He played an integral art in the office’s move from Palo Alto in the early 1990s to its current location in San Jose.

“While we will miss his leadership, the Firm wishes Bill and his family a safe, healthy and prosperous retirement,” notes Robert Docili, Managing Partner for Hood & Strong LLP. “Bill has been instrumental to the success of Hood & Strong LLP. We owe him a great deal of gratitude as we strive to follow his example of integrity, stewardship and character in the future.”

Bill received his Bachelor of Science degree in accounting from the University of San Francisco and his Master’s degree in Taxation from Golden Gate University. He is a member of the American Institute of Certified Public Accountants, the California Society of Certified Public Accountants, the Palo Alto Rotary Club and Chamber of Commerce, the Peninsula Executives Association, and the Professional Advisors Council for the Peninsula Community Foundation. He is also a Board Advisor and Past Chairman of the Board of Directors for the Peninsula Habitat for Humanity and serves on the Peninsula/Silicon Valley Council for the University of San Francisco.


Hearts in Hood & Strong LLP
When you step off the elevator on the fourth floor of 60 Spear Street, you can't miss the 600 pound steel heart by Peter Mangan. "Hood & Strong LLP's heart is in the Bay Area and has been for more than eighty-seven years," explains Managing Partner, Robert Docili, when asked about the addition to the lobby. The heart was part of the Hearts in San Francisco Display, San Francisco's version of Chicago's "Cows on Parade." The proceeds from all sales of the hearts went to the San Francisco General Hospital Foundation.
See the heart designed by Peter Mangan


Events

As part of our commitment to Bay Area organizations, Hood & Strong LLP sponsors educational and discussion events that address the various challenges facing you face. From events that focus on the fundamentals of prudent investing and not-for-profit issues to ones that address information technology planning, these timely, informative seminars are free to interested individuals.

Not-for-Profit Roundtable Series

In today's ever-changing environment, exempt organizations are confronted with many new and difficult challenges. Reduced government funding coupled with difficult economic times, are leaving many organizations struggling with a growing demand for services with diminished resources.

Hood & Strong LLP's Not-for-Profit Service Group presents the Not-for-Profit Roundtable Series. This series will focus on compensation issues, employment issues, fundraising issues and much more to help not-for-profits deal with the challenges they face.