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News

As Seen In 2011

Watch and Money
 

With only two weeks left, Long Island tax preparers are busier than normal with year-end tax planning because of the tax-cut package President Barack Obama signed into law Friday.

 

Marcum Philadelphia has recently added several experienced staff, and we are currently looking to fill a few more open positions.

 

The extension of current income-tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular Individual Retirement Account to a Roth by Dec. 31.

 

Any transaction with the words reverse and shell in its description can give CFOs the willies. But through the first 10 months of 2010, close to 200 companies had entered the equity markets via a technique known as the "reverse merger."

 

While in college, Anson Augustine worked as a staff accountant for a local public accounting firm in Tarrytown and although he gained valuable experience, he wanted to delve into work for a firm with a focus on Securities and Exchange Commission compliance work.

 

President Obama’s announcement on Monday of a compromise agreement with the Republican leadership should bring some end-of-year certainty to the tax landscape, but questions remain.

 

Jeffrey M. Weiner joined Marcum in 1981 and has served as managing partner since 1990. Under his leadership, the firm has expanded from a one-office firm of 20 employees to a 21-office firm that now ranks in the top 15 in the United States, the top four in the New York metropolitan area, and is the largest firm on Long Island.

 

Maury Cartine, Partner-In-Charge of Marcum’s Alternative Investment Group Tax department, was a member of an expert panel at the September 23, 2010 NYSSCPA breakfast briefing.

 

There stands the jungle, with its dense legal kudzu and twisting tendrils of ever-changing tax codes. And here come the pith-helmeted lawyers and accountants, trying to hack their way through to the clearing of an agreement.Excerpt:

 

Diane Giordano, CPA, is a tax partner in Marcum LLP’s Melville office. Giordano works closely with large, multi-state companies as well as family-owned businesses providing tax consulting, financial statement disclosure and compliance services. Giordano’s clients also include SEC reporting entities where she provides ASC 740 services.

 

Over the past several years, few firms, if any, have posted growth numbers like Marcum's under Weiner's leadership, tearing through 2009 with a number of high-profile mergers and reporting a 30 percent jump in revenues.

 

Will CFOs and their executive management teams forge sensible deals if buyout firms begin to swamp them with offers?

 

The slow economy and the increasingly complex task of auditing business performance are combining to send seismic ripples through the accounting industry.

 

The senseless act of violence carried out at The Hartford Distributors earlier this month will not easily be forgotten. While the community mourns the loss of the eight innocent victims, we must also remember the multitude of surviving victims as well.

 

Carolyn Mazzenga has been promoted to the position of partner-in-charge of the Melville office of Marcum. In her new role, Mazzenga will be responsible for overseeing the growth of the accounting firm’s Long Island operations, while continuing to serve as partner-in-charge of Marcum’s family wealth services group.

 

Marcum LLP, one of the nation’s top 20 accounting firms recently announced its exclusive sponsorship of the fifth annual Marcum Workplace Challenge to take place on Tuesday, August 3 at Jones Beach State Park, Zach’s Bay.

 

Roman Matatov, CPA, of the Advisory Services group of Marcum LLP has been installed as president of the Manhattan/Bronx Chapter of the New York State Society of Certified Public Accountants (NYSSCPA). Matatov practices forensic accounting and business valuation.

 

Amid kudos and warm applause, individual and team achievements were the focus of the March of Dimes March for Babies Awards celebration held at Benvenuto’s earlier this month.

 

It’s been about 20 years since most states lifted restrictions against accountants performing wealth management services.

 

Many companies that rent real estate space and equipment may be forced to redo loan agreements as a result of proposed changes to the accounting standard for leases or face a drag on their financials.

 

Recently, Marcum LLP helped a printing business resolve defaults under their loan and credit line with the bank. The company was a second-generation manufacturing business based in New Jersey for 100 years. It had expanded its operations as well as its service to large businesses in the state.

 

Water bottles in hand and hats on their heads, close to 4,000 people came to John Prince Park on Saturday morning to walk four miles for "the babies."

 

The Internal Revenue Service says about one out of every four taxpayers file their taxes in the last two weeks leading up to the April 15 deadline.Excerpt:

 

The health care reform bill passed by Congress last month has small businesses reconsidering hiring, despite a 10 percent unemployment rate that has millions looking for jobs.

 

The following excerpt is taken from the March 15, 2010 Edition of The Trusted Professional

 

Leslie Adler joined Marcum LLP as General Counsel in February of 2008. As a member of the Firm’s Management Committee, she advises the Firm’s operations related to strategic planning, practice development and client service. She is also an integral part of Marcum’s acquisition team which grew the firm from a regional operation to one of the largest independent public accounting and advisory services firms in the nation.

 

Steve Brett, president of Melville-based Marcum Financial Services, starts retirement planning conversations with a question, not about assets, but about aspirations. He asks clients to imagine it’s 11:30 a.m. on a Thursday well into their retirement. Where are they? What are they doing?

 

As you start your own business, financial ratios should never be overlooked. Here are a few important concepts and terms to keep in mind to make sure you stay on top of your finances.

 

 
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