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Sunday, Mar 3, 2024

Miller Kaplan Names Year’s First Partner

North Hollywood-based Miller Kaplan, the largest accounting firm in the San Fernando Valley by personnel, has promoted Jun Wang to partner in its tax division, marking the first partner addition to the firm this year. 

Wang has been at the firm for over 12 years, rising the ranks from tax accountant to senior tax manager. She joins a team of five partners overseeing clients including family groups, funds and businesses. Her appointment was made official on Jan. 4.

“I am honored to be joining the partnership,” Wang said. “I’m especially looking forward to working with my fellow partners to further strengthen our tax practice and to continue mentoring the next generation of accountants.”

Wang specializes in tax planning and consulting for clients within the entertainment, food and beverage, real estate and retail spheres.

The tax consulting industry’s slowdown is predicted to continue this year, as an uncertain economic outlook forces companies to cut outside contracting services. According to a report published by Source Global Research, the tax advisory market is expected to grow only 4% this year to $55.3 billion, down from an already stagnated 5% from last year.

“We are proud to have Jun join the partnership,” said Michael Kaplan, managing partner at Miller Kaplan. “Her commitment to excellence and focus on advancing our tax practice will ensure continued success for our clients and the firm.” 

Since  Miller Kaplan is one of the larger firms headquartered in California, the state’s new tax initiative could bring in new wealthy clientele looking for budgetary assistance

As of Jan. 1, California officially initiated a tax increase for higher-wage earners passed in 2022. 

The new law eliminated the $153,000 income cap for a 1.1% tax on wages to fund the state’s short-term disability program. 

Miller Kaplan has maintained a strong partner track recently, as Wang joins five other promotions within the past year to the senior position at the firm. Jeff Worsham was one of the new partners named in August, and works with Wang in the firm’s tax and consulting service arms.

James Brock
James Brock
James Brock has worked in newsrooms around the world, including in New York, Paris, Abu Dhabi, Dubai, Houston, and Los Angeles. He began his career with a Newhouse News daily, where he served on the news desk and the editorial page. He was the copy chief for The New York Sun, and founded and edited the personal finance section for Abu Dhabi-based The National, among other positions. He has interviewed Anthony Bourdain, Tom Ford, Mark Cuban, and many other individuals, and has written and edited thousands of stories and articles.

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