5/9/2013 Raffa Earns Spot on Top 100 VARs for Enterprise Resource Planningand Accounting Software | News Release
Washington, DC – Raffa has been named to the Bob Scott’s Insights Top 100 VARs for 2013. The Top 100 are chosen from organizations specializing in the sale and implementation of Enterprise Resource Planning (ERP) and accounting software.
4/16/2013 Raffa CEO Tom Raffa on Companys History of Community Service | WashingtonExec
Ahead of the A Billion + Change Pro Bono Summit in April 2013, WashingtonExec spoke with Tom Raffa about the company's commitment to our community.
Read the article from WashingtonExec's website.
3/24/2013 Value Added: His eclectic empire is based around accounting and related businesses | Washington Post
Tom Raffa is a peripatetic sort who sees business opportunities in everything. Then he acts on them.
Restaurants. Wealth management. Human resources. A frozen yogurt shop. Insurance. Nonprofit consulting. Accounting. Executive recruitment. Coffee bars. Raffa is just one of those people who are always on the hunt for investments.
Aside from his coffee and yogurt forays, his palette of accounting-based businesses grosses $40 million a year. Eighty-five percent of that comes from clients that are nonprofits. Those businesses fulfill Raffa’s desire to do more than just fatten the bottom line.
“Making money is third, fourth or fifth on our list,” Raffa said. “It’s the result. It’s not the why. The why for me at Raffa PC is advancing the community.”
Read the full profile of Tom Raffa from The Washington Post.
2/11/2013 Dan Maffey Becomes Raffa's 16th Partner | News Release
Dan Maffey has been named partner at Raffa, P.C. His promotion to accounting services partner makes him the 16th partner at the accounting, consulting, technology firm based in Washington, D.C.
Maffey has more than 28 years of accounting, management and consulting experience for nonprofit organizations, trade associations and professional service firms. His public accounting experience with tax-exempt organizations is related to business operations, planning and budgeting, and performance management and analysis. His insights and work product are used as resources for executive decision-making. Maffey has also worked closely with senior management to develop effective strategies to meet organizational objectives and compliance requirements. He currently is the outsourced CFO for several nonprofits and trade associations.
1/24/2013 Kimberly Robertson Pannell Elected Chair of Maryland Lottery Commission | Baltimore Business Journal
Raffa Partner Kimberly Robertson Pannell was elected chairwoman of the Maryland Lottery and Gaming Commission.
Read the article from the Baltimore Business Journal.
12/18/2012 New Study on Nonprofit Investing to Provide Peer Benchmarking Data | News Release
Raffa Wealth Management, LLC (RWM) and Raffa, P.C. today announced the launch of The Study on Nonprofit Investing (SONI), to provide senior finance executives at nonprofit organizations with peer benchmarking data on investment policies and investment performance. The survey, which launches on January 10 and is accessible via an online registration here, will interview finance executives at trade associations, public charities and private foundations.
Nonprofit organizations that would like to participate in the survey must register before January 9, 2013 at: SONI Registration Form.
11/1/2012 An Accounting Firm that "Walks the Walk" | Growth Strategies
Growth Strategies, The Journal of Accounting Marketing and Sales, featured corporate social responsibility in its Fall 2012 issue with articles about how accounting firms are embracing the effort.
Raffa is highlighted in a case study on the practice, "An Accounting Form that 'Walks the Walk.'"
9/5/2012 Seth Zarny Talks Financial Services and the Cloud | Association Tech News (Video)
Seth Zarny spoke with Association Tech News about the future of financial services technology and cloud computing.
9/4/2012 Tom Raffa Talks Organizational Lifecycle and Transitions | Nonprofit Times
Tom Raffa spoke with The Nonprofit Times for their article about the changes in leadership at Susan G. Komen for the Cure.
1/15/2012 Raffa Technology's Seth Zarny Interviewed on Cloud-Based Accounting Solutions | Redmond Channel Partner Magazine
As cloud solutions mature and businesses build their understanding of options, Dynamics VARs are faced with a growing dielmma. How to compete with Software as a Service (SaaS) ERP solutions when there's no clear equivalent for them in the Dynamics product line.
11/15/2011 Raffa, P.C. makes 2011 List of Technology Pacesetters | Accounting Today
For years, the members of our Technology Pacesetters list of topflight accounting and ERP value-added resellers remained nimble, often adapting to change sooner than laters. More recently, they've begun to usher in one of the larger evolutions in the sector - prompted by the sluggish economy and the onset of new technology platforms - by offering expanded product lines including cloud or hosted solutions and, in some instances, providing more consulting services than traditional software reselling.
10/27/2011 Get Out and Give Back: Go Big or Go Home! | Washington Life Magazine
Most college students go home during their short fall break, but not the Alpha Kappa Psi (AKPsi) business fraternity members from the University of Toledo. Thirty-nine of them, nearly two thirds of the entire fraternity, had signed up for a “weekend of service” in the Washington, DC area. The logistics of travel, hotels, meals, service sites and the dozens of other details were overwhelming. Could they find an affordable hotel for 39? Were there enough seats on Amtrak? What nonprofits need nearly 40 students over a weekend?
9/1/2011 A Clear Mission | AccountingToday.com
Washington, D.C.-based Top 100 CPA and business advisory firm Raffa has had a technology practice since the 1990s, but it's only more recently that it has discovered how new technology practices such as outsourced accounting and cloud computing are helping to better serve its primary client niche - government and traditional nonprofit entities.
8/15/2011 Raffa, P.C. named one of the "Top 100 Accounting Firms for 2011" | INSIDE Public Accounting Magazine
The Platt Group, publishers of INSIDE Public Accounting (IPA), are proud to present the 21st annual report on the nation’s largest 100 accounting firms – one of the most comprehensive of its kind. The report is the most current snapshot available of the financial and operational health of the largest accounting firms, and reflects the “state of the union” of the accounting profession as it emerges from the recession.
8/1/2011 Looking Inside and Out | AccountingToday.com
More firm spending continues to roll into IT, and recent Accounting Today research showed that as of late last year, most accountants were spending anywhere from 5 percent to 10 percent of their annual budgets on IT, and it's expected for that to remain the same or increase over the next year.
7/31/2011 "Changing the Way People Look at Accountants"- Tom Raffa Interview | Profile Magazine
Raffa, P.C. CEO Tom Raffa says one of the biggest compliments he ever received was from a potential client, who told Raffa, "he didn't look like an accountant." "I have never considered myself as much of a numbers person," Raffa chuckles. "I definitely knew that I didn't just want to count money for the rest of my life."
7/1/2011 Customers of Compliance | AccountingToday.com
While Congress debates the debt ceiling and spending cuts, government contractors and entities - and the accounting firms that serve them - are functioning under an increasing regulatory environment that's testing some of their business fundamentals.
6/16/2011 Mitra Mamdouhi, CPA, Partner, Raffa, P.C., voted onto ACE DC Board of Directors | News Release
Mitra Mamdouhi, CPA, a Partner with Raffa, has been voted onto the ACE DC Board of Directors in Spring 2011. Mitra brings expertise in tax matters relating to ownership, management and operations of real estate entities and related services. Possessing more than 25 years of diversified public accounting experience and a strong background in accounting and tax issues relating to corporations, partnerships and real estate entities, Mitra has in-depth knowledge of taxation, business operations, financial planning, management and tax compliance for U.S. and international companies in a variety of industries.
7/21/2010 Companies for Causes (CforC) Prepares for 2010 Campaign Launch | News Release
Make socially responsible connections that count. Today, Raffa, P.C. announced the launch of the 2010 Companies for Causes (CforC) campaign – a new social responsibility program that seeks to partner regional D.C. businesses with the non-profit sector. Modeling the power of private sector philanthropic collaboration, CforC brings together a group of like-minded companies and firms who seek to champion a corporate culture of giving within the Greater Washington region and expand donations by stimulating corporate and individual philanthropy.
3/15/2010 Not For Profit Solution Center Announces Customer Advisory Board to Enhance Microsoft Dynamics ERP and CRM Marketing Efforts | News Release
Board Comprised of IT and Business Leaders with Vast Knowledge of the Technology Solutions Not-for-Profits Need to Be Successful in Tough Economic Environment Mar. 22, 2010 (Washington, DC)- The Not for Profit Solution Center, a network of Microsoft Dynamics partners and sales personnel, today announced that it has instituted a new customer advisory board to support its growing efforts in the Not-for-Profit (NFP), NGO (Non-Governmental Organization), membership and association markets for the company's Microsoft Dynamics ERP and CRM solutions in its East Region. Microsoft has supported organizations in these markets throughout most of its history.
3/1/2010 The Audit Committee's Must-Do List for 2010 | Board Source
Tom Raffa wrote this "Guest Speaker" column for Board Source magazine.
Traditionally, the role of the audit committee has been to monitor, oversee, and advise the organization’s managers and external auditor as they prepare financial statements and conduct audits, subject to the ultimate authority of the board. However, with the public focus on transparency and accountability, as evidenced by the expanded disclosures on the new Form 990 and the bad press that accompanies a scandal, the challenge for audit committees is to be more proactive in fulfilling their traditional role, complying with current and new legislation, and upholding their organization’s good standing under public pressure. This expanded role can be defined by some "must-do’s."
1/29/2010 Innovative Partnerships Brings Human Resources Support to Greater Washington Area Nonprofit Organizations | News Release
The Center for Nonprofit Advancement announced today the addition of human resources support to its Back Office in a Box (BOB) program. BOB is a suite of high-quality administrative services made available at a reasonable cost to Center member nonprofit organizations throughout the Greater Washington region including the District of Columbia, Northern Virginia and Montgomery and Prince George’s counties in Maryland.
The newest service offering, BOB Human Resources, is designed to help nonprofit leaders maximize the effectiveness and efficiency of their organizations. BOB HR was developed in response to the needs of the region’s nonprofit sector and the Center’s nearly 800 member organizations.
1/1/2010 Washington SmartCEO Announces 2010 Fast Growth Companies | News Release
What makes a Future 50 winner? The key word is growth. Washington SmartCEO magazine, in partnership with Clifton Gunderson LLP, announces the publication’s fifth annual Future 50 winners, debuting in the January 2010 issue.
The Future 50 program recognizes the 50 fastest-growing companies in the Greater Washington area based on employee and revenue growth. This year’s Future 50 winners collectively employ 29,000 people and generate over $9 billion in revenue.
8/24/2009 Raffa Partners Join Together on Make a Difference Day | News Release
On Saturday, October 24, annual Make a Difference Day, volunteers from RAFFA in DC and Rockville will be partnering to make repairs and safety modifications to the home of a local senior couple.
8/15/2009 Raffa Joins Ranks of IPA Top 100 Firms | News Release
Raffa, P.C., a professional financial, technology, and consulting services firm, specializing in the nonprofit sector has been recognized by Inside Public Accounting as one of the nation’s Top 100 Accounting Firms. and has also been named to the IPA Top 100 Fastest-Growing Firms this year. The IPA rankings are among the longest running, most accurate, and up-to date rankings of the nation’s largest accounting firms.
6/15/2009 Greater DC Cares names Tom Raffa Business CEO of the Year for Social Value Leadership | News Release
As part of their annual Business & Nonprofit Philanthropy Summit and Awards, Greater DC Cares recognizes a business leader who strives to balance the organization's bottom line with public good. This year the organization named Tom Raffa Business CEO of the Year for Social Value Leadership!
3/15/2009 Raffa PC Marks 25th Year with Merger | News Release
Last week, hundreds of RAFFA, P.C. employees, clients, and strategic partners gathered downtown to celebrate the firm’s milestone 25th Anniversary. The celebration also included RAFFA, P.C.’s recent merger with the highly regarded CPA firm, Freidkin, Matrone & Horn, P.A, a women-owned CPA firm located in Rockville, MD known for providing top tier services to businesses and their owners. With the merger, FM & H will operate under the name RAFFA, P.C. , which now has a total of 16 partners and approximately 250 employees.
1/1/2009 How You Can Change the World: Corporate Social Responsibility | Disclosures Magazine
Tom Raffa wrote this article on corporate social responsibility for the Virginia Society of Certified Public Accountants' magazine, Disclosures.
8/22/2008 When Is HR Outsourcing Right for Your Organization? | Nonprofit Quarterly
Human Resources (HR) outsourcing can address some of the staffing and skill- related problems that plague small and budget-strapped nonprofits. For these organizations, staffing an HR department with the right combination of full-time employees who have the right expertise can be a tall order. As a result, these organizations’ HR departments may suffer from a dearth of employees or critical skill gaps.
8/1/2007 Pink Slips With Less Pain | Associations Now
Most employee-employer relationships begin with great expectations and equally good intentions. But that’s not always enough. What’s the best way to approach “the talk"?
Patricia Williams, a Raffa HR expert, was interviewed for this article.
3/21/2002 Managing Financial Uncertainty | Nonprofit Quarterly
Tom Raffa wrote this article for Nonprofit Quarterly.
In the past 12 months, we have seen significant declines in the stock market, an increase in the rate of unemployment, terrorist attacks, and actions to bolster our economy by the Federal Reserve System through numerous interest rate cuts.
Some organizations have received significant contributions for victim assistance programs and similar activities. Other organizations have seen funding reductions from private foundations, with reduced distributions as a result of the current bear market, reduced membership receipts as members seek more value from their membership dollar, and redirection of charitable giving as a result of September 11.
12/4/2000 Tom Raffa on Advocacy and Lobbying Without Fear | Nonprofit Quarterly
Those of us working within the nonprofit community, and particularly in or with 501(c)(3) public charities, recognize advocacy as a vital part of our mission. However, many of us get caught up in the delivery of services and may spend very little time advocating for the very systemic changes that could reduce the extensive need for the services we deliver.