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Tax Services for Banks

Grow Confidently

Your bank tax team is full of industry-recognized experts ready to provide comprehensive solutions to community banks. Your expert team is specially trained in bank taxation and takes an active role in auditing the calculation, consulting with our clients in preparing the quarterly tax calculations, and coordinating tax return preparation. 

Tax services designed to help financial institutions comply with federal, state and local laws and reduce their tax burden so you can grow confidently.

  • Prepare federal and state tax returns
  • Quarterly estimated federal tax payment calculation
  • Preparation of the year end full tax calculation with Deferred Asset Schedules
  • Assistance in preparation of financial statement tax footnote
  • Analyze the effect of current earnings on estimated payments and transfers to holding companies
  • Research tax implications of proposed business transactions or new ventures
  • Consult on tax implications of pension, employee stock ownership plans, compensation programs and profit-sharing

The entire bank tax team focus their annual continuing education on attending top national bank taxation conferences and have a network of renowned bank experts to assist should the need arise.  This blend of audit and tax expertise is unique in the industry and make the YHB team a valuable asset for us and our clients.  We file returns for our other clients in almost every state and stay on top of the ever changing state and local tax rules for the jurisdictions in which our clients provide services. 

We have an exceptionally deep knowledge of industry regulations and issues acquired through continuing professional education and active involvement in the below associations:


As part of our standard tax process, we have continuous contact with client personnel to assure we are meeting all client expectations and immediately address any concerns. We believe our true value to our clients is our responsiveness.  We become trusted advisers that our clients know they can call any time to discuss urgent issues or to plan for upcoming standards. 

We strive to be proactive in sharing current information with our clients.  Regular and consistent communication is at the core of our relationship with clients.

Let's Talk

Contact us when it’s time to move forward.

David Henning
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About David

David joined Yount Hyde and Barbour in 1999 after graduating from West Virginia University with a B.S.B.A. degree.  A tax specialist who works in depth with his clients, his focus is on banks and closely held businesses of any size. He is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants. David is a designated Chartered Global Management Accountant. He has served on the board as both president and treasurer for many local non-profits and civic organizations including, Boys and Girls Club of Northern Shenandoah Valley, Millbrook High School Band Boosters, and Kiwanis Club of Old Town. 

Experience

Offering an extensive array of services, he is a trained business mentor and coach, providing advanced levels of strategic planning for owners and managers, consulting with management on a variety of critical business decisions including accounting systems implementation, changes in business operations, mergers and acquisitions, and developing growth and exit strategies. David also specializes in winery and vineyard operations, auto dealerships, agribusiness, and franchises.

Expertise

As someone who is not afraid to get his hands dirty by getting involved in the day to day operations of a business, David takes that internal working knowledge and applies best practices from across all sectors to help each client develop and achieve their goals. He has extensive knowledge of the challenges that business owners and financial operators face and will work side by side his clients to ensure they are informed and making the best choices possible to advance their companies.

He is proficient in numerous software packages. David excels at developing personalized financial strategies for each business he works to help them reach their goals of improved profitability, growth, and long term stability.  Because he takes such a vested personal interest in all of his clients, David is most dedicated to minimizing the tax impact for all of the clients he serves.

Approach

David values the personal relationships that are formed with clients and works hard to maintain the lines of communication year-round. By taking the time to find out what makes people tick, he is able to effectively apply business and tax solutions to meet client needs and long term goals. Because the rules of the trade are ever-changing, David carefully advises clients from all angles, oftentimes thinking out of the box, but well within regulations, to provide the best possible answer and ensure client satisfaction.

Other Interests

David enjoys weekend vineyard tours with his wife, playing and coaching soccer with his daughters and outdoors activities such as biking, camping and hiking. In his free time, he likes to watch WVU sports and root for his alma mater.

 

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What Clients are Saying

 

“David Henning has been great to work with the last 10 years. I look at him as a partner in my businesses. Every time I meet with him, I learn so much more. Thanks for years of good advice.” – Shawn D.

“Since using YHB we have been at complete ease each year for taxes and knowing what to expect.  Anytime we have a question we can easily reach David for guidance. We highly recommend YHB!” – Angie T.

Joseph Musumeci, Jr.
 
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Joseph Musumeci, Jr.
CPA
Connect:
About Joe

Joe is a Tax Partner in our Owings Mills office with over 19 years of experience reviewing and preparing a variety of federal and state tax returns. He has a bachelor’s degree from Georgetown University and a Master of Business Administration degree with an accounting concentration from Loyola University Maryland.

Joe is a member of the American Institute of Certified Public Accountants, the Maryland Association of Certified Public Accountants and the Baltimore Estate Planning Council. He serves on the MACPA State Tax Committee.

Expertise

Joe provides tax and accounting services to engineering firms and financial institutions.  He specializes in accounting for income taxes including assisting businesses with the creation and maintenance of income tax calculation spreadsheets. Joe also provides tax, accounting, and consulting services to trusts, estates, and small businesses.

His specialties include: 

  • Personal income tax return preparation and planning
  • Business income tax return preparation and planning
  • Trust income tax return preparation and planning
  • Estate income tax return preparation and planning
  • Amended tax return preparation
  • IRS/State of Maryland representation
  • Financial statement audits
  • Income tax accounting
  • Personal property tax return preparation
Other Interests

When Joe isn’t spending time with his family, he’s probably out running! As an avid runner, Joe loves scheduling running meetings with his clients. He would be glad to answer your income tax questions while clicking off the miles. 

 

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What Clients are Saying

 

“Joe Musumeci is very responsive, he understands our business really well which enables him to understand and respond to our inquiries really quickly and thoroughly.” – Anonymous

Thomas L. Milburn
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About Tom

Tom is YHB’s CEO and leader of the Firm’s strategic initiatives. He began his professional career at YHB in 1997, with a bachelor’s degree in liberal arts and sciences as well as a Master of Accountancy degree, both from Virginia Tech. He is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.

Experience

For years, Tom has dedicated his practice to providing accounting, auditing, advisory and tax services to financial institutions throughout the East Coast. A leader of our Financial Institutions Team, he regularly speaks at industry events and leads trainings throughout the region. Tom has previously served on the VSCPA Board of Directors, and now sits on their Nominating Committee.

Internally, Tom has served on YHB’s Diversity Council, Innovation Committee, Human Resources Committee, and Board of Directors. As he transitioned to CEO, Tom now oversees the management and leadership teams at YHB. His hands on, people first approach allows him to drive innovation while continuing to position YHB as a leading Firm in the region. Tom regularly travels to all YHB’s offices to engage with team members and understand the nuances of each location. He is actively involved in leadership roundtables and CEO programs.

Other Interests

In his free time, Tom enjoys traveling and camping with his wife and two adult children. His hobbies include running marathons and playing golf. He is active in the community volunteering with temporary housing not-for-profits and serving food to those in need.

Jenny Piasecki
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About Jennifer

Jennifer is a 2001 graduate of Old Dominion University where she earned her bachelor’s in both Accounting and Finance. She later became a Certified Public Accountant in 2004. Jennifer joined the YHB Community Bank Team in October of 2017. Prior to joining YHB, her career spanned from working with non-profits to her current specialty in working with Community Banks.

Jennifer is an active member of both the Virginia Society of Certified Public Accountants (VSCPA) and the American Institute of Certified Public Accountants (AICPA). She also serves on the Board of Directors of United Way of the Northern Shenandoah Valley.

Expertise

Jennifer’s experience includes all aspects of bank taxation compliance and consulting.  Her unique combination of bank tax experience is an asset to the team.

Involvement & Memberships
  • Virginia Bankers Association (VBA)
  • Virginia Association of Community Bankers (VACB)
  • American Institute of Certified Public Accountants (AICPA)
  • Virginia Society of Certified Public Accountants (VSCPA)

 

Education
  • Old Dominion University (2001)
Georgia Ross
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Georgia Ross
CPA
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Industries
ABOUT GEORGIA

Georgia joined YHB in 2006 with a Bachelor of Science degree in Accounting and a Bachelor of Science degree in Business Administration from Shepherd University. She became a Certified Public Accountant in 2012. Georgia is a member of our Community Bank Team and her experience includes all aspects of bank taxation compliance and consulting. She currently works in our Winchester office.

Georgia is a member of both the Virginia Society of Certified Public Accountants (VSCPA) and the American Institute of Certified Public Accountants (AICPA).