About Young, Oakes, Brown & CO, P.C. Located in Altoona, PA


 
 
The original firm traces its beginnings to the enactment of the now-overpowering income tax regulations when Robert E. Young opened for business in Altoona in 1917. In 1923 he and Edna J. Hoover formed a partnership, Young & Company. Beginning in 1927, Young was the auditing trustee for the forty liquidating building and loan associations then in existence in Altoona. He performed an outstanding job for all of the thousands of investors in this area. In 1948, the Firm moved into its present location at 1210 13th Street with nine employees.
 
Open hand ready for a deal - Insurance and Financial Services in Altoona, PA
 
Young and Hoover began to phase into retirement and J. William Oakes of Hollidaysburg and C. William Keagy of Altoona became partners. Edward R. Brown of Clearfield joined the Firm and became a partner in 1959. The three men worked together and saw the practice grow to thirteen employees, when Keagy withdrew in 1969. Oakes and Brown continued to use the Young & Company name until 1974, when it was changed to Young, Oakes, Brown & Company. In the late 1970's, Oakes had retired and upon Brown's sudden death in 1979, the Firm was sold to Gary Bonsell, Rex Kaup, George Savine, Jr., and David Baumgartner, all CPA's of the Firm.
 
 
Open hand ready for a deal - Insurance and Financial Services in Altoona, PA
 
In existence since 1917, YOBCO (as we refer to ourselves) is the oldest professional firm in Blair County and is one of the largest independently owned accounting and consulting firms based between the metropolitan areas of Pittsburgh and Harrisburg. Daniel Bradley, John Huber, and Michael Maier joined as shareholders in 1995, David Scott joined in 2004, and James Berkhimer became a shareholder in 2013 (former shareholders George Savine and Gary Bonsell have begun to phase into retirement in recent years).
 
In the for-profit business area, the Firm provides accounting, auditing, tax planning and consulting for banks, bank holding companies, credit unions, finance companies, retailers, wholesalers, real estate and insurance companies, trucking companies, manufacturers, contractors, agricultural businesses, cooperatives, and virtually every type of service company and small business. We provide the accounting expertise needed to properly guide and advise development of effective accounting and administrative controls. The Firm acts as the principal accountant/auditor for some 775 businesses.
One principal focus of our Firm is constructive and creative tax planning. Our tax clientele include individuals, partnerships, corporations, consolidated returns, limited liability companies, estates, trusts, gift, retirement plan informational filings, and not-for-profits. Many clients operate in several states and we prepare any out of state returns required. Annually we prepare approximately 3000 tax returns.
 
Firm personnel have been retained by local attorneys to provide business valuations and fraud auditing services in connection with ending litigation. Computer consulting and instruction has become another important area in the Firm's available services.
The Firm's shareholders recognize that financial service markets such as banking, insurance, financial planning, accounting, and brokerage have been combined under one roof by the giant banking institutions and commercial entities in many metropolitan areas. In response to this change in the profession, the firm has adapted by expanding its own consulting related services and by continuing to strive to provide clients with the skills and recommendations necessary to grow their own businesses.