We’d like to welcome our newest partner, Jacob Favaro, to the BE team!
As of February 1, 2023, Jacob has joined our Richmond, Virginia office. Prior to joining Brown Edwards, Jacob was a partner at Keiter and brings with him more than 20 years of tax and accounting experience assisting individuals and businesses in the RVA region with tax planning, consulting and compliance.
Jacob graduated from Virginia Commonwealth University with a Bachelor's degree in accounting and a Masters of Taxation. His specialty areas include consulting, compliance, and tax research for S-Corporations, partnerships, multi-state corporations, and their owners. He routinely advises clients in a variety of industries including manufacturing, construction, craft beverage, professional services, leasing, and technology.
Jacob is a former President of the Rotary Club of South Richmond and remains active in the club today. During his tenure as president, Jacob led the club in raising over $175,000 to support charities within the local community.
We interviewed Jacob to get to know him, outside of his profession, and we were surprised to learn that he went to Super Bowl 52 to see the Philadelphia Eagles win their first title!
Where are you from and where did you grow up?
I was born in Richmond and grew up in Mechanicsville, Va. I started working at age 14 at a local plant store, then worked at a local grocery store before starting my career in accounting. I currently live in Ashland.
What are some of your hobbies?
I enjoy spending time with my wife and four children (mostly outdoors), going to sporting events, and going to the gym. I also enjoy live music, traveling, spending time with friends and playing golf.
What’s the next place on your travel bucket list and what will you do there?
Park City, Utah. My family and I enjoy visiting National Parks and there are two more on our list, Canyonlands and Arches.
What is one food you can’t live without and why?
The ultimate comfort food...steak and baked potato.
If you knew you were going to be stranded on a deserted island, what three things would you bring with you?
1. A friend
2. A knife
3. A fishing net
Why did you choose a career in public accounting and what do you enjoy most about it?
I originally chose public accounting because it involved calculations and I am good with math. I have stayed with public accounting because I enjoy the planning and consulting aspects. I like being able to offer meaningful advice that has a direct impact on clients and their businesses.