Eric P. Wallace, CPA
Director
Professional History
Eric joined Boyer & Ritter in January 2013 as a director for the firm.
Eric brings with him extensive expertise in construction and real estate
services and in tangible property, depreciation, NOL, and 263A issues and will
continue to focus on providing tax, accounting, auditing and consulting
services.
Over the last 20 years, Eric ran his own firm, and was a Partner and head of
the Construction & Real Estate Services Team for Carbis Walker LLP, a
regional firm located in Pennsylvania. The focus of his practice was on all
aspects of services to CPA firms, contractors/developers, and the real estate
industry. He also provided specialized professional services, consulting, and
training to CPA firms, CPA organizations, publishing companies, and construction
and real estate related industries in tax, consulting, and accounting and
auditing.
Eric has been an expert witness in construction related and other court cases
in venues such as bankruptcy, district, and local courts in various states
concerning liability, tax and accounting issues. He also represented numerous
contractor clients before the Internal Revenue Service, U.S. Department of
Labor, and state revenue departments of income, employment, and sales tax.
Professional Activities
Eric is a member of the American Institute of Certified Public Accountants
(AICPA), served on its Council for several years, currently serves on the AICPA
new accounting Framework Task Force (AICPA FRF for SMEs). He is also a member
and past president of the Pennsylvania Institute of Certified Public Accountants
(PICPA).
Eric is a member of the Construction Financial Management Association (CFMA)
and past chairman of the Tax and Fiscal Affairs Committee. He is a member of the
Association of General Contractors (AGC) and currently serves of the National
Tax and Fiscal Affairs Committee.
Eric is also a member of the Association of Builders and Contractors (ABC),
the Contractors Association of Western PA (CAWP), and theMaster Builders
Association (MBA).
Eric is a frequent lecturer at conferences and continuing education seminars
including numerous group study and conference presentations for the AICPA,
various state societies, non-profit groups, education companies, large companies
(such as American Express for their construction department), and large
international CPA firms. Eric has been an instructor for continuing education
courses in almost all of the states since 1989. Eric was also a speaker for
several state CPA societies during 2001-2012 for their annual construction
conferences as well as a frequent speaker for CCH Webinar Series.
Publications
Eric was the author, or co-author, of several tax and accounting courses,
white papers, reference materials, articles, newsletters for CPAs and attorneys
that are currently offered through various producers or publishers.
Eric is the author of CCH's two construction books, Construction Guide: Tax
and Advisory Services and
Construction-Guide-Accounting-and-KnowledgeBased-AuditsTM. These are extensive
treatises of about 2,000 pages each on accounting, auditing, consulting, and tax
for contractors, homebuilders, and real estate developers. Eric has also written
CCH's audit programs on the construction industry, and its disclosure
checklists, currently in its seventh edition, and a contributor to CCH’s
IntelliConnect and ARM on-line resources.