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HPG Partner Featured Panelist at Angel Capital Meeting

Services: Tax

RALEIGH, N.C. (November 3, 2011) ─ Hughes Pittman & Gupton, LLP (, one of the largest CPA firms headquartered and staffed in the Research Triangle Park region of North Carolina, announces today that partner Brooks Malone served as an expert panelist for the Southeast Angel Capital Association Regional Meeting, held Oct. 18-19. Malone joined other industry professionals in discussing exit transactions, trends and strategies.

“When dealing with exits, many people know when to involve a lawyer in the process, but oftentimes they underestimate the importance and timing of calling an accountant into the process,” said Stephen Bollier, panel moderator and CEO of Innovare Capital, LLC. “Brooks’ insight on exits, GAAP revenue and state tax issues was beneficial to attendees, especially small business leaders.”

Malone is a 23-year veteran of public accounting. He joined HPG in 1990 and was named partner in 1997. Malone co-leads the HPG Knowledge-Based Industries practice team, working with investor-backed companies in the technology and life science sectors. He is also the firm’s partner in charge of sales and marketing, as well as recruiting.

“To have a successful exit, it is important to plan ahead and anticipate the due diligence concerns of the buyer,” said Malone. “Buyers scrutinize GAAP revenue to understand and evaluate the revenue stream they are buying. Revenue recognition for technology companies and companies with collaborative agreements is complex. We have also seen a trend of stock acquisitions, which has made multi-state, international tax, sales tax and withholding requirements come under scrutiny.”

Held in Charlotte, N.C., HPG served as an event sponsor for the meeting. Professionals from eight states were in attendance. In addition to a panel on exit transactions, the meeting featured discussions on deal trends, managing growth, innovation excellence, managing portfolios and syndication deals.

About Hughes Pittman & Gupton, LLP (HPG): 
HPG is one of the largest CPA firms headquartered and staffed in the Research Triangle Park region of North Carolina, as ranked by the Triangle Business Journal. More than just an accounting firm, HPG assists clients in looking beyond the bottom linesm by being the right people, right value and right firmsm to achieve each client’s definition of success. HPG is a member of CPAmerica International and affiliated with the Crowe Horwath International alliances of firms, with offices worldwide. The firm leverages this to provide national and global accounting resources to its clients. HPG offers a wide array of business accounting, auditing, corporate tax and management advisory services. Specialties include serving owner-managed, investor-backed technology and life science organizations, healthcare services, real estate development, manufacturing and distribution businesses, as well as providing ERISA audits, family wealthcare services and Sarbanes-Oxley internal audit services.

HPG has remained committed to advancing a thriving Triangle community since its founding in 1983. In recognition, the firm is the recipient of two Pinnacle Business Awards by the Greater Raleigh Chamber of Commerce: the 2009 Large Entrepreneurial Business Award and the 2010 Integrity in Business Award. Additionally, HPG has been certified Green Plus by the Institute for Sustainable Development for integrating environmental sustainability efforts into company culture, and has been named one of the top 100 Best Accounting Firms to Work For in the country by Accounting Today. Visit for more information.

About the Angel Capital Association:
The Angel Capital Association (ACA) is North America’s professional alliance of angel groups, bringing together approximately 180 angel groups and organizations in the United States and Canada to share best practices and collaboration opportunities. More than 7,500 accredited investors belong to ACA member groups. For more information on ACA, visit