Super CPA profile: Richard J. Leonard

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Richard J. Leonard
Homes Lowry Horn & Johnson Ltd., Fairfax

Title: Shareholder
Birthplace: Boston
Education: Bachelor’s degree from Virginia Tech
Wife: Nancy  
Children: Kate, 29; Sheila, 28; Juliet, 25
Pets: Maggie, a Jack Russell terrier
Favorite vacation spot: Maine     Fan of: Virginia Tech
Recently read book: “Matterhorn: A Novel of the Vietnam War” by Karl Marlantes
First accounting job: Working at Oehmann & Co. in Bethesda, Md.
Career mentor: The “Chief” – Gene Homes

What special problems are small businesses facing in the slow economic recovery?
“The cost of complying with new regulations can be overwhelming for small businesses.  According to a report issued by the U.S. Small Business Administration titled ‘The Impact of Regulatory Costs on Small Firms,’ the cost of compliance is per employee for small businesses 36 percent higher than that of larger firms.  In addition, increased health-care costs are prohibitively expensive for small firms that cannot compete for the discounts awarded to larger group plans.”

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