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Return to Virginia Business - November 2002

"Shy" CPA helps mid-sized firms

Related links:
— Accounting Leaders in Virginia:

The message behind the scandals
From thespian to CPA
From taxes to litigation, Wolcott does it all

by Holly M. Rodriguez

When Michael Gracik began his accounting career, he was hoping to make a decent living but never expected to accomplish what he has today. “Out of college, I was extremely shy,” the 27-year veteran of the profession says. “I’m surprised that I got over it, because this is not an industry to go into if you’re shy — you have to interact with people.”

Michael Gracik
Michael Gracik

Recognized for his work in individual tax, estate, and trust services, the Virginia native is a partner at Keiter, Stephens, Hurst, Gary & Shreaves in Richmond. He says he is drawn to the unpredictability of his work. “One thing I love about this profession is that it’s never boring,” he says. “Each day, I probably deal with at least 10 different things — some complex, some not. That’s one of the best things about being in this business.”

His client roster is long on mid-sized companies such as Strange’s Florist Inc., Eagle Construction of Virginia Inc. and Potomac Supply Corp. Gracik joined Keiter Stephens as a partner in 1991, after leaving Gary, Stosch, Walls & Co. in Richmond. “The firm I was working for merged into what became Deloitte & Touche, a big firm working with large, publicly traded companies,” he says. “I came to Keiter as a partner, because they were better suited to work with mid-sized businesses and their owners.”

Gracik, a graduate of the University of Virginia, credits Keiter Stephens for much of his success. He relies on the expertise of other partners in the firm, he says, to help him deliver a full range of services to clients — expertise that would be overwhelming for one person to develop on his own. “If I was on my own, and not in a firm like this, I don’t think I would have the good reputation that I do now.”

Humility is characteristic of Gracik, says colleague Alice Cappellino, also with Keiter Stephens. “He’s very humble and he would probably be embarrassed if I said, in front of him, that he was one of the smartest people that I know.”

Gracik says one of his most satisfying accomplishments has been working on the individual tax committee for the American Institute of Certified Public Accountants. The committee is working with members of Congress on the daunting task of simplifying the federal tax code. “I like to think we made some progress,” he says. Gracik helped write Congressional testimony and developed seminars for members of Congress on “marriage penalty” tax relief provisions. Gracik is also affiliated with nearly a dozen civic organizations, taking part in fundraising for the Medical College of Virginia Massey Cancer Center and the J. Sargeant Reynolds Community College Education Foundation.

Cappellino says Gracik is regarded as one of the best in his profession. “He has an incredible memory, but he’s just an overall good person, which attracts clients to him,” she says. “He doesn’t walk down the hall like he’s the best, but he is, you know?”

 

Return to Virginia Business - November 2002


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