CITRIN COOPERMAN’S YEAR IN REVIEW 2018/2019
FOCUS ON WHAT COUNTS
READY
CITRIN COOPERMAN | E VOLUTION RE ADY
2018/2019 THE YEAR OF EVOLUTION
ARE YOU
READY? DEDICATED TO STAYING AHEAD OF THE CURVE There is one thing for sure - we are not the type of firm that sits idly by as the industry, marketplace, and technology changes, nor do we advise our clients to either. We continue to aggressively invest in talent, training, and infrastructure to help us stay ahead of the curve. Please join us for the ride!
FOCUS ON
N
2 0 18 / 2 0 19 Y E A R I N R E V I E W
Table of Contents Words from the CEO
01
Forward Movement
03
Business Trends Today
05
Services & Industry Update
07
Special Feature – CC Turns 40!
09
Partner & Principal Additions
11
Footprint Expansions & Enhancements
17
Focused on Investing in the Future of Audit
19
Women’s Initiative
21
CC Resources
23
Thought Leadership
25
Giving Back
27
Rankings & Awards
29
Key Management
31
Appendix: Practice Directory
33
THE CEO
WORDS FROM
CITRIN COOPERMAN | E VOLUTION RE ADY
PAG E: 1 / 37
2 0 18 / 2 0 19 Y E A R I N R E V I E W
Welcome to the evolution
As our 40th anniversary approaches in 2019, I’m reminded of how far we’ve come as a firm. From the highs to lows, recessions to booms, our growth from a classic accounting firm to a full-service accounting, tax, and business advisory organization speaks to the dedication, resilience, and commitment we have to each other and to our clients. It is this journey – 40 years in the making – that brings us where we are today – poised to be a leader for the evolution of our clients, new and old. Even though some things might have changed – we know some things
about us will always stay the same. We have always been a firm that stays focused on what counts, and today that focus is on evolution; the evolution of our industry, our business model, the make-up of our professionals, and the evolution needs of our clients. On behalf of the partners and myself, we look forward to continuing to support you as accountants, advisors, and friends. Here’s to another 40 years!
Joel A. Cooperman Chief Executive Officer
OUR MISSION Our daily mission is to help our clients “focus on what counts.” Rooted in our core values, we provide a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of our clients wherever they do business, across the globe.
Creatively & passionately ahead of the curve
Disruption, innovation, transformation – these are some of the buzzwords in the business world that permeated 2018. As we enter 2019, one thing I can confidently say is this is just the beginning. The accounting industry in particular continues to evolve and we have dedicated ourselves to remaining ahead of the curve.
PAG E: 2 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
Forward Movement
1979-NOW
19 7 9
Citrin Cooperman is founded by Niles Citrin and Joel Cooperman and sets up shop in New York City.
19 8 0 - 2 0 0 0
Over the next two decades, six firms joined and Citrin Cooperman moves to its current NYC headquarters, located at 529 Fifth Avenue and the firm opens an office in New Jersey.
WE HAVE BEEN EVOLUTION READY FROM THE START
Citrin Cooperman has had massive growth over the past 40 years – leaving us with a lot to celebrate. The key to our success has been constant innovation and transformation, while still remaining true to our core beliefs. With over 40 firms joining, over 1000 professionals, and the addition of over 15 consultative service offerings, a lot has changed; but our priority has been and always will be to serve as the business person’s advisor and helping our clients and employees focus on what counts.
PAG E: 3 / 37
2 0 18 / 2 0 19 Y E A R I N R E V I E W
Where We Are Today
2 0 0 1 - 2 0 10
2 0 11 - P R E S E N T
14 OFFICE LOCATIONS
Citrin Cooperman sees aggressive growth as 16 firms joined and 4 new locations opened in White Plains, NY; Philadelphia, PA; Norwalk, CT; and Grand Cayman. Citrin Cooperman Wealth Management, LP is formed, the SALT Practice is launched, and the firm joins Moore Stephens, a worldwide association of independent accounting and consulting firms.
The years between 2011 and 2018 have marked the firm’s biggest evolution to date. In this time, firm revenue exceeds $100M, and then $200M, for the first time. A total of 13 new firms joined and 6 new locations opened including Long Island, NY; Bethesda, MD; Braintree, MA; Woburn, MA; Providence, RI; and Ahmedabad, India. The Citrin Cooperman affiliation Apexium Financial LP is formed, the Firm launches a new website and the advisory services line is realigned to include the enhanced and new suite of advisory service offerings. 2018: Four firms joined in Citrin Cooperman’s Bethesda, New York City, Philadelphia, and Boston-Metro offices, as well as several lateral additions to the partnership bringing in enhanced service offerings and new practice leadership. This year also saw the launch of the Citrin Cooperman Strategic Alliance, a network of domestic accounting firms.
Focus on What Counts
1000+ PARTNERS AND STAFF
25+ LANGUAGES
25 TOP 25 ACCOUNTING FIRM
PAG E: 4 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
Business Trends Today TECHNOLOGY In 2017, global economic growth approached three percent — the highest rate since 2011, according to the United Nations’ 2018 World Economic Situation and Prospects report. As we close out 2018 and look to 2019, executives have a strong sense of confidence about economic conditions and growth prospects for the coming year. As leaders develop strategies to address market challenges and create advantages for their organizations, innovation accelerates, along with the opportunity to strengthen the workforce. Companies across most industries are continuing to explore and implement technology solutions to both run and grow their businesses. Some of the most talked about ways companies are looking to utilize technology in 2019 include:
Focused on
Talent
and Technology. PAG E: 5 / 37
Bridging the gap could change your business dramatically
• Investing in new technology and new equipment • Increasing the use of cloud-based platforms • Incorporating more artificial intelligence (AI) tools & services • Considering digital transactions using blockchain • Purchasing solutions from or partnering with software-as-a-service companies (SaaS)
2 0 18 / 2 0 19 Y E A R I N R E V I E W
What this means
TECHNOLOGY
As companies focus on technology and talent, new trends begin to emerge that bridge the gap between these two, seemingly-opposite emphases. For example, social media platforms, where technology meets community, are being utilized both internally and externally to connect employees to each other and businesses with their networks and customers.
AND TALENT
With the ever-increasing use of technology, companies are more focused than ever on recruiting and developing talent that can take their organization to the next level in this new economy. Businesses across the board are focusing on recruitment and retention efforts by creating an environment the modern workforce is asking for, by: • Increasing development budgets to provide continuous training/retraining • Programs to provide employees with growth opportunities outside of their day-to-day responsibilities • Providing a seamless transition for Generation Z, new hires entering the workforce • Ensuring a safe workplace that celebrates and protects diversity • Instituting socially and environmentally responsible programs that employees seek in a company’s culture • Creating flexible and tailorable work environments to support employees’ individual lifestyles and needs
OUR SYNOPSIS With technology on the rise and not slowing down, it is more important than ever for leaders to remember to stay committed to building strong relationships with their contacts in ways that balance out all of the automation. A positive, unique client/customer experience requires more than a personalized salutation on email newsletters. This is where the right talent comes in. At a technologically-advanced organization, a productive, engaged workforce could be the differentiator that brings the client/ customer experience to an entirely new level. If organizations are able to strike the right balance between high-tech and the human component, the potential outcomes could change the way we do business as a whole.
When it all collides
TALENT
PAG E: 6 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
Services & Industry Update Citrin Cooperman takes pride in being able to keep ahead of the curve when it comes to servicing our clients, typically offering proactive insights on value added strategies that help move our clients forward. To ensure that we can keep doing this, we regularly evaluate our offerings to determine how they align with the continuously evolving marketplace. We periodically refine our existing offerings, introduce new leadership to refresh our perspective, and create new industry practices and services as necessary.
Services Update ACCOUNTING ADVISORY SERVICES Citrin Cooperman’s Accounting Advisory Services Practice goes beyond the typical to help our clients anticipate and prepare for the impact the fast-changing regulatory arena can have on their business. REVENUE RECOGNITION The effective dates for ASC 606, revenue from contacts with customers has come and gone. Both private and public companies are affected by this complex new standard, making it extremely important for clients to understand how to navigate the changes. If you are still feeling overwhelmed and behind on adoption, our revenue recognition advisors can help prepare you to transition to the new guidelines as seamlessly as possible. Knowing how impactful this is for businesses, Citrin Cooperman created a dedicated team to provide regular updates to clients and colleagues of the firm. This team helped to generate a series of webinars and in-person presentations across all firm offices, addressing the application of the standard with industry-specific considerations. Visit our CC Revenue Recognition Resource Center for more information! LEASE ACCOUNTING With new accounting standards on lease accounting and the resulting increased transparency in financial reporting for leasing arrangements going into effect in 2019 for public companies and 2020 for private companies, there promises to be a significant impact to all organizations. Citrin Cooperman has extensive experience advising clients across a range of industries throughout all aspects of lease accounting. Our professionals are skilled at providing technical guidance in the areas of accounting, tax, compliance, and reporting, consulting
PAG E: 7 / 37
on existing lease agreements and on new lease structuring and strategies, as well as measuring leasing assets and liabilities. In addition, we can help our clients resolve issues that may arise from adopting the new standards and protocols, assist you in identifying practical expedients that may be beneficial to your organization, provide guidance to overcome complex hurdles and implement lasting processes for compliance with new rules and regulations. Visit our website often to see the latest updates and thought leadership surrounding lease accounting. INTERNATIONAL TAXATION SERVICES As of November 2018, Leon Dutkiewicz, Jr. joined the firm to lead Citrin Cooperman’s International Taxation Services Practice. He brings with him a strong bench of international tax and consulting expertise to advise clients in an increasingly global marketplace. Leon will work with Citrin Cooperman’s existing core team of international tax professionals on international tax planning and compliance, as well as advisory and more complex client situations. This now expanded practice group will continue to advise across many industry sectors, and provide guidance to clients on the constantly changing tax environment, including the recent implications of the Tax Cuts and Jobs Act of 2017. LITIGATION & DISPUTE ADVISORY SERVICES AND VALUATION ADVISORY SERVICES Formerly known under one umbrella as Valuation and Forensic Services, the practice split into two this year, now operating as Litigation and Dispute Advisory Services, led by partner, Colleen Vallen, and Valuation Advisory Services, led by partner, Mandeep Trivedi. This transition will allow the members of each service line to become even more deeply focused on their areas of specialty and to provide clients with a wider range of solutions tailored to each unique situation.
2 0 18 / 2 0 19 Y E A R I N R E V I E W
We stay up-to-date and ahead of the curve Industry Update GOVERNMENT
Michael Stephens joined the firm this year as a partner and leader of the Government Practice. His background includes more than 30 years of experience with governmental, quasi-government, and not-for-profit organizations. Organizations both familiar and unfamiliar with the sector encounter unexpected accounting standards, policies, laws, and regulatory requirements. Citrin Cooperman can guide governmental entities through the new normal of today’s increased scrutiny and complex regulations. Our dedicated practice includes a team of professionals with deep expertise in the governmental sector. We serve governmental entities from small towns to independent stand-alone special purpose governmental entities. We also serve a wide array of government contractors in the areas of engineering, technology, communications, defense, security, intelligence, and professional services. NOT-FOR-PROFIT
In June 2018, John M. Eusanio, CPA, CGMA joined the firm as a partner and leader of the Not-ForProfit Industry Practice. John came to the firm with an extensive background in the not-for-profit sector. He previously worked in the national office for a Big 4 accounting firm, servicing not-forprofit organizations at a local and national level. In just a short time, John has made a strong impact on the firm and Not-For-Profit Practice, with an introduction of regular thought leadership articles on emerging industry matters and industry presentations at various conferences and roundtables. John is focused on expanding the practice resources for the firm and establishing more innovative ways to assist clients in achieving their organizational missions to serve their communities.
CANNABIS ADVISORY
After serving the industry for a number of years in an informal capacity, Mitzi Hollenbeck and Shawn Howard, both partners of the firm, formally launched the Cannabis Advisory Service Practice in January 2018. Along with a group of dedicated partners and directors, this group identified the need for highly qualified and specialized services that were not readily available to clients in this emerging industry. With the depth and breadth of talent in the firm, Citrin Cooperman was in a unique position to be able to fill the void for these companies and their investors who demand top-notch talent and services. The Cannabis Advisory Services team offers industry-focused tax, accounting, and advisory services to companies that produce, distribute, invest, and/or provide products and services related to the cannabis industry. The advisors in this space have quickly gained the knowledge and solidified the relationships necessary to become thought leaders for this unique, highly-complex, and ever-evolving market. MANUFACTURING & DISTRIBUTION Citrin Cooperman’s Manufacturing and Distribution Practice gained two new practice leaders this year, Mark Henry of the Boston Metro office and John Giordano of the Melville, NY office. Of all of the industries Citrin Cooperman serves, the manufacturing and distribution (“M&D”) industries combined make one of the largest books of business that Citrin Cooperman serves, making it a distinct focus of the firm. The M&D practice has partners across all of our geographies with client experience in these industries, and the group is excited to reposition under their leadership and put some new energy into this long-standing practice. The leaders will work together to further develop internal resources to continue to deliver superior client services while also identifying more impactful ways to educate clients on industry updates and best practices. The practice group also supports the manufacturing sector of Moore Stephens International, dedicated to collaborating with accounting and business advisory firms across the globe on the state of these industries and how to best service them.
PAG E: 8 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
SPECIAL FEATURE
CC Turns 40!
Be sure to visit our 40th Anniversary Microsite at ccturns40.com for updates on our year-long celebration and commemoration.
PAG E: 9 / 37
2 0 18 / 2 0 19 Y E A R I N R E V I E W
There‘s a lot to celebrate So much has changed since we first opened our doors in 1979. We are grateful for the growth and success we have experienced along the way and know much is owed to the support, encouragement, and loyalty that has been shown to us over the years. For that
View our evolution video on ccturns40.com/#evolution
We are focused on what counts.
we invite you to celebrate with us!
In 2019, Citrin Cooperman celebrates 40 years of evolution. The past four decades have brought the firm tremendous growth. What started in a New York City apartment, with seed money from two iconic rock bands, has grown into nearly a $300 million dollar business, with 14 established locations across the Northeast and internationally. Citrin Cooperman has over 1000 employees and we are not stopping our evolution any time soon. In our 40th year, Citrin Cooperman continues to thrive and focus on what counts for the future and for our clients.
Drive progress forward.
EVOLUTION READY
P A G E : 10 / 3 7
CITRIN COOPERMAN | E VOLUTION RE ADY
2018 Partner and Principal Additions Alphabetically by last name.
PARTNER/PRINCIPAL
INDUSTRIES/SERVICES
First and Last Name, Title
Areas of Focus
Kenneth Burstiner CPA, CFP, MIS, MST, Partner, New York City
Joyce Christensen
CPA, Partner, Boston Metro
Anthony Cilibrasi CPA, MST, Partner, White Plains
Leon J. Dutkiewicz Jr.
CPA, Partner, Practice Leader International Taxation Services, Philadelphia
John Eusanio
CPA, CGMA, Partner, Practice Leader – Not-for-Profit, New York City
P A G E : 11 / 3 7
Industries: Financial Services, Law Firms, Real Estate Services: Business Management and Family Office, Commercial Tax Services, High Net Worth Individuals, Private Client Services, Tax Compliance, Trust and Estate
Industries: Restaurants, Real Estate, Construction, Education, High Net Worth Individuals Services: Accounting Advisory Services, Business Consulting, Tax Consulting and Compliance
Industries: Real Estate, Private Equity and Capital Markets, Law Firms, Financial Services Services: Commercial Tax Services, Tax Research and Planning, Tax Compliance, IRS Representation and Tax Controversies, State and Local Tax (SALT)
Industries: Entertainment, Manufacturing, Real Estate, Technology, Transportation & Logistics, Professional Services Services: International Taxation Services, Transfer Pricing, SALT, Tax Compliance, Trust and Estate Services
Industries: Not–for-Profit Services: Accounting Advisory Services, Audit and Attest, Business Consulting
2 0 18 / 2 0 19 Y E A R I N R E V I E W
PARTNER/PRINCIPAL
First and Last Name, Title
Scott Estabrooks
CPA, Partner, Boston Metro
Joseph ‘Bo’ Fitzpatrick
INDUSTRIES/SERVICES
Areas of Focus
Industries: Closely-Held Businesses Services: Reviews and Compilations, Accounting Advisory, Tax Planning
CPA, Office Managing Partner, DC Metro
Services: Accounting Advisory Services, Business Consulting
Michael Hecht
Industries: Entertainment
CPA, Partner, New York City
Jenny Herrera
CPA, CGMA, Partner, DC Metro
Jessie T. Kanter
CPA, Partner, Providence
Services: Private Client Services, High Net Worth Individuals, Tax Compliance, Trust and Estate Services
Industries: Not-for-Profit Services: Accounting Advisory Services, Audit and Attest, Business Consulting
Industries: Construction, Health Care, Manufacturing and Distribution, Not-For-Profit, Real Estate, Technology, Life Sciences Services: Accounting Advisory Services, Audit and Attest, Employee Benefit Plan Audit, Tax Accounting and Provisions
Paul LiRosi
CPA, New York City
Brian S. Lomasky
CPA, Partner, New York City
Industries: Broker-Dealers, Franchising, Life Sciences, Manufacturing and Distribution Services: Commercial Tax Services, Mergers and Acquisitions Tax, Tax Compliance, Tax Research and Planning
Industries: Financial Services, Law Firms, Not-For-Profit, Private Equity and Capital Markets Services: Commercial Tax Services, IRS Representation and Tax Controversies, Tax Compliance, Tax Research and Planning
P A G E : 12 / 3 7
CITRIN COOPERMAN | E VOLUTION RE ADY
PARTNER/PRINCIPAL
First and Last Name, Title
James F. Mahon Jr. ESQ., CPA, Partner, New York City
Jonathan (Jay) J. Pike CPA, CVGA, Partner, Boston Metro
Felix Ramirez
INDUSTRIES/SERVICES
Areas of Focus
Industries: Entertainment, Artists and Art Galleries, Manufacturing, Real Estate, Private Equity, Law Firms Services: Private Client Services, High Net Worth Individuals, Tax Compliance, Trust and Estate Services
Industries: Entertainment, Real Estate, Services: Business Consulting, Outsourced Solutions, Reviews and Compilations, Accounting Advisory, Tax Planning
MBA, CISA, CRISC, CGEIT, Principal, Practice Leader – IT Audit Services, New York City
Industries: Financial Services, Blockchain, and Commercial
Robin Reed
Industries: Real Estate
CPA, Partner, Boston Metro
Sandra P. Schneider
CPA/PFS, CFP, Partner, DC Metro
Joseph Shulman
CPA, Partner, Boston Metro
Blake Spina
CPA, Partner, White Plains
Services: IT Audit Services and Third Party Assurance Services
Services: Commercial Tax Services, Trust and Estate Services, High Net Worth Individuals
Industries: Law Firms Services: High Net Worth Individuals, IRS Representation and Tax Controversies, Tax Accounting and Provisions, Tax Compliance, Tax Research and Planning, Trust and Estate
Industries: Early-stage Start-ups Services: Compensation, Tax Planning & Research
Industries: Financial Services, Health Care, Manufacturing and Distribution, Technology & Life Sciences Services: Reviews and Compilations, Commercial Tax Services, Tax Compliance, Tax Research & Planning, Office of the CFO, Transaction Advisory Solutions
P A G E : 13 / 3 7
2 0 18 / 2 0 19 Y E A R I N R E V I E W
PARTNER/PRINCIPAL
First and Last Name, Title
Jennifer Sklar-Romano JD, LL.M, MBA, Principal, New York City
Howard Spiller
CPA, Partner, Boston Metro
Michael Stephens
CPA, Partner, DC Metro
INDUSTRIES/SERVICES
Areas of Focus
Services: International Tax Services, Tax Planning and Research
Services: Private Client Services, High Net Worth Individuals
Industries: Governmental and Quasi-governmental Entities, Not-for-Profit Services: Audit and Attest, Business Consulting
Barbara Stofflet
CPA, Partner, Philadelphia
Thomas Walsh
CMI, Principal, New York City
Industries: Financial Services, Private Equity and Capital Markets, Real Estate Services: Audit and Attest, Quality Control, Accounting Advisory Services
Industries: Health Care, Manufacturing and Distribution, Technology & Life Sciences, Restaurants & Hospitality, Construction Services: Commercial Tax Services, State and Local Tax (SALT), Tax Compliance, Tax Research and Planning, Tax Due Diligence
Invested in the talent and leadership of our firm.
FOCUSED ON WHAT COUNTS
P A G E : 14 / 3 7
CITRIN COOPERMAN | E VOLUTION RE ADY
Partner and Principal Additions
...but wait, there‘s more.
JANUARY 2019
P A G E : 15 / 3 7
2 0 18 / 2 0 19 Y E A R I N R E V I E W
Josh M. Berlin Principal, Atlanta
Kevin Jones
CPA, JD, Partner, DC Metro
John Porricelli
INDUSTRIES/SERVICES
Areas of Focus
Industries: Health Care Services: Advisory
Industries: Construction, Government Contracting, Manufacturing and Distribution, Media, Professional Services, Real Estate, Sports, Technology Services: Business Tax Services, Tax Controversies, Tax Planning and Research
New York City
Chief of Staff
Heather Spillman
Industries: Health Care
Principal, Austin
Services: Advisory
FOCUSED ON WHAT COUNTS
Citrin Cooperman is dedicated to growing its talent, level of expertise, and span of service offerings. By continuing to grow our leadership with diverse candidates, we not only stregnthen our capabilities as a firm and therefore establish new advancement opportunities for our employees, but we also fortify our ability to help our clients in new and different ways than we were able to before.
Together, we welcome you to the firm.
PARTNER/PRINCIPAL
First and Last Name, Title
P A G E : 16 / 3 7
CITRIN COOPERMAN | E VOLUTION RE ADY
Footprint Expansions & Enhancements
NEW YORK CITY
In 2018, Citrin Cooperman made some significant renovations and enhancements to some of our existing offices to allow for more comfortable and modern space. Additionally, we have also opened a few new locations and are getting ready for another move later in 2019. BRAINTREE In 2018, the Braintree office went through a renovation to make room to accommodate the growth brought on from the partners and staff of the firm of Sharkansky who joined in June of 2018. The renovation brings 8 new offices allowing for 41 total offices, 16 new cubicle spaces with a total of 72 now. The Braintree location also took space on the 2nd floor to have an onsite training room. The expansion was completed in early December of 2018. In addition to renovating the space, new furniture was also purchased and the redesign of lower cubicle walls and more modern structure to allow for a more open and current environment. A renovated kitchen is currently in the works as well with new furnishing and a new layout that will increase collaboration space. LONDON In November 2018, with the admittance of D&H Global Tax LLC, Citrin Cooperman now has access to office space in London, England that can accommodate four professionals.
NEW YORK CITY Citrin Cooperman’s headquarters location at 529 Fifth Avenue in NYC underwent some renovations in 2018 to allow for additional space on the 9th floor. The expansion has provided the firm with 6 additional single offices, 4 shared offices, and 21 cubicles – as well as a new reception area, additional conference rooms, and 2 new wellness rooms. PROVIDENCE In late spring of 2019, Citrin Cooperman’s current Providence, RI office will be moving to a new location at 500 Exchange Street in the heart of Providence’s business center. The location is a Class A space in Providence and the office will occupy 19,000 square feet with room to accommodate about 20 offices and up to 80 cubicles as well as a series of conference rooms. Some building amenities include a cafeteria, gym, walking proximity to the Providence train station, security, and access to informal meeting space.
P A G E : 17 / 3 7
BRAINTREE
PROVIDENCE
2 0 18 / 2 0 19 Y E A R I N R E V I E W
LONDON
TYSONS
TYSONS As of January 1, 2019 Citrin Cooperman opened a new office location in Tysons, VA at 1750 Tysons Blvd to help further expand their existing DC Metro footprint in Bethesda, MD. The Tysons office occupies just over 2500 square feet with room for around 10 professionals and a conference room. Building amenities include a variety of restaurant options for both employees and more formal, corporate meals, covered parking availability, car charging station, conferencing facility, and fitness center. The building is also in walking distance to the Ritz Carlton and Tysons Galleria Mall and is accessible to the Capital Beltway at Route 123.
FOCUSED ON WHAT COUNTS: GROWTH
Firms that joined Citrin Cooperman in 2018 June 1, 2018: Partners and staff of SHARKANSKY LLP joined November 1, 2018: Leon Dutkiewicz, Jr. and staff of D&H GLOBAL TAX LLC joined November 1, 2018: Michael Hecht, James Mahon and staff from HECHT AND COMPANY, P.C. joined
As we grow, we enhance our talent, resources, capabilities, and footprint.
January 1, 2018: Sandra Schneider and her staff of SCHNEIDER & ASSOCIATES LLC joined
P A G E : 18 / 3 7
CITRIN COOPERMAN | E VOLUTION RE ADY
Focused on Investing in the Future of Audit
EVOLUT
P A G E : 19 / 3 7
2 0 18 / 2 0 19 Y E A R I N R E V I E W
The accounting profession is poised for significant changes due to disruptive technologies, such as artificial intelligence and blockchain, that are expected to alter the fundamentals of the attest process and skills required of our professionals. The pace of change has never been greater and is only expected to continue to increase. As a firm and as professionals we must adapt and embrace these technologies as a tool that provides opportunity, rather than an overwhelming threat. Our practice has begun to prepare for these changes and is building bridges to the future of our profession. That is, we will provide our professionals with best-in-class tools that allow for deeper analysis of entire data sets and deliver higher value for our clients and their key stakeholders through more in-depth and timely analyses.
development. DAS is a transformational audit methodology supported by a cloud-based, state-of-the-art, fully integrated, technology platform, that will use the power of automation, data analytics and updated methodologies to transform auditing. Through our involvement with DAS, we are on the ground floor as the methodology and tools are built.
TION We have made the commitment to participate in the AICPA’s Dynamic Audit Solutions (“DAS�) initiative. Our participation provides us with significant insight and involvement during the
While we have laid the foundation for the future of our practice, we are not stopping there. We continue to explore currently developed add-on technologies that are available today to plug into our existing processes and procedures. As our profession continues to be disrupted by innovative technologies, we are positioned to embrace a role as a change agent looking for opportunities to improve quality and efficiency around client service.
PAG E: 20 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
CCWIN INITIATIVE
THE MISSION OF CCWIN We seek to create an environment for recruiting, retaining, and developing our women professionals so they can progress within the firm and enhance our ability to attract and serve women-owned and operated businesses.
About the initiative Citrin Cooperman’s Women’s Initiative (“CC WIN”) is a growing dedicated group of professionals committed to further enhancing our workplace to more effectively develop, reward, engage, and attract women accountants. The primary objective of CC WIN is to help our women develop to their fullest potential, and position them appropriately for advancement and success. Our Women’s Initiative Committee is continuing its work to develop and implement strategies to create an inclusive environment for the women of Citrin Cooperman. We continually seek ways to enhance and improve CCWIN by encouraging and promoting new ideas and input from all of our professionals.
PAG E: 21 / 37
RECRUIT. RETAIN. D
2 0 18 / 2 0 19 Y E A R I N R E V I E W
2018 was a big year for CCWIN, with participation from women and men across all Citrin Cooperman offices. Examples of some of our activities and initiatives include: LEARNING AND DEVELOPMENT • Metro NY Pilot Program Summer 2018, Network Development Skills led by Pam Lotenberg, PHD • AICPA Webcast – “Mom, Manager, Mentor…Maniac?,” September 17, 2018 • AICPA Women’s Global Leadership Summit, Supporter Associate Level, November 14-16, 2018 SPEAKING • Cocktails & Conversations: Gender Equity in the Workplace (Providence/Boston Metro - March 2018) • AWE Fall Breakfast Series (Providence/Boston Metro - September, October & November 2018) • Vistage 2018 Women in Leadership Breakfast (Providence/Boston Metro - September 2018) • R.I.S.E. Women’s Leadership Conference (Providence/Boston Metro - September 2018) • Joint event with Epstein Becker Green & Pernod Ricard USA (NYC - May 2018) THOUGHT LEADERSHIP • Crain’s NY Business – “Ask the Expert” – A Bright Future for Women in Accounting featuring Patricia Cummings, Nichol Chiarella and Alyson Caligure AWARDS - 2018 • Patricia Cummings – Long Island Business News – Who’s Who: Women in Professional Services • Cay Taylor – Long Island Business News – Top 50 Most Influential Women in Business • Patricia Cummings – Crain’s NY Business – Notable Women in Accounting and Consulting • Stacy Gilbert – NJBIZ – Best 50 Women in Business NETWORKING EVENTS • What Holds Women Back Workshop (White Plains – September 2018) • Happy Hallo-Wine and Cheese (Long Island – October 2018) • Third Annual Women’s Jingle & Mingle (New Jersey – November 2018) • Women at the Wheel (New Jersey, White Plains, Connecticut, Philadelphia)
Watch video here: https://youtu.be/aazWlOdz9fs
DEVELOP.
More women in top leadership than ever before.
PARTICIPATION IN INTERNATIONAL WOMEN’S DAY
To join CCWIN, or for more information on our internal and external programs, please contact Patricia Cummings (pcummings@citrincooperman.com) and Alisa Morris (amorris@citrin cooperman.com)
Patricia A. Cummings CPA, CCWIN Sponsor
Alisa Morris CCWIN Marketing Leader
Follow @ccwomensinitiative on Instagram for more updates and 2019 events and initiatives!
PAG E: 2 2 / 37
PAG E: 2 3 / 37
FOCUSED ON WHAT MATTERS
TO YOU
CC LEAD
Focused on the whole strategy
EVOLUTION
CITRIN COOPERMAN | E VOLUTION RE ADY
We are with you, no matter how hard the climb.
CCVIP
accounting advisory services
litigation and dispute advisory services
business management and family office
tax consulting
office of the cfo
transaction advisory services
strategy and business transformation
valuation advisory services
technology and risk advisory consulting
wealth management and investment advisory services
2 0 18 / 2 0 19 Y E A R I N R E V I E W
offer the flexibility to take your career to the next level and still allow you to focus on your family, your friends, and your pursuits.
CC Resources
WE ARE COMMITTED TO DEVELOPING RESOURCES THAT ARE RELEVANT AND IMPORTANT TO YOU.
LEARNING, EDUCATION, AND DEVELOPMENT (CC-LEAD) - At Citrin Cooperman, we are committed to the continuous learning and career development of all our professionals. Today’s environment requires innovative thinking, different skills and experiences, and a higher level of leadership in how we serve our clients. That’s why we created CC LEAD, a learning and development framework to help our professionals build the leadership capabilities needed to respond to rapidly changing and complex market demands.
Human Resources
Strategic Alliance
Wellness
As we continue our journey, we aim to transform our learning experience to grow and inspire leaders at all levels. Our path starts by building upon the impressive foundation that has been created thus far and by thinking holistically about our business to take CC LEAD to the next level. CITRIN COOPERMAN HUMAN RESOURCES - Our culture is important to us, and we want it to benefit you. We know engaged and productive team members mean better service for our clients. Our on-going commitment to improve corporate policies allows employees to create real change in the workplace. We are deeply committed to investing in local communities and programs that promote education, health, and well-being, and offer our employees a full roster of opportunities to get involved. We understand that there are many important aspects of your life. That’s why we’ve created a unique work environment where you can focus on all of the things that matter to you. We offer a full suite of competitive benefits and incentive programs to allow our employees to enjoy a more fulfilling lifestyle, and we
CITRIN COOPERMAN WELLNESS – FOCUS ON YOU - Health is a big part of our employees’ well-being, but it’s not the whole story. That’s why we’re so excited about Citrin Cooperman’s Focus On You well-being program. The program is designed to help each employee reach their potential and achieve their goals in all aspects of life – this includes health, as well as personal growth, prosperity, and giving back. The Focus on You program is a fun, friendly approach to healthy, balanced living, and is consistently reinforced with different programs, multiple touch points, and an unwavering commitment to our employees. Enrollment is voluntary for all health plan-covered employees and their enrolled spouses. CITRIN COOPERMAN STRATEGIC ALLIANCE - The Citrin Cooperman Strategic Alliance provides access to a customized suite of resources and programs to help Alliance members enhance their business and create revenue generating opportunities by expanding their professional service deliverables. Members of the Alliance will have access to a one-stop-shop for the numerous advisory services that Citrin Cooperman offers its own clients, including cybersecurity, transaction advisory, trust and estate, valuation and forensics, wealth management, state and local tax, and international tax. The member firms will also be able to take advantage of the firm’s internal programs and resources such as CC LEAD, firm efficiency and practice management advisement, marketing consulting, and various vendor discounts. The Alliance will also offer outsourcing services, both through Citrin Cooperman and its affiliate, Citrin Cooperman India LLP. CC VIP - Citrin Cooperman understands that the world is in a constant state of transformation. In order to meet the challenge of changing client needs and expectations, and to differentiate ourselves in the market, we must always position the firm for its next phase of growth. To remain a true advisor to our clients, we have developed an internal framework, called CC VIP, to be continually proactive in adding value to our service offerings – demonstrating that we understand our clients’ needs and how to help. We find solutions that impact our client’s situation and add substance and value. Knowing the challenges and opportunities facing our clients unlocks the door to build and foster strong relationships.
PAG E: 24 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
Thought Leadership Citrin Cooperman is dedicated to sharing our expertise to inform, educate, and assist clients in making financial decisions and business improvements. The firm regularly distributes general and industry-specific advisory on accounting, tax, and consulting topics via newsletters, events, articles, alerts, webinars, videos, and more. Visit the IN FOCUS section of our website at www.citrincooperman.com/infocus, and follow us on your preferred social media platform for regular updates on what’s going on!
Tax Law on Tap
PAG E: 25 / 37
Women at the Wheel
Economic Summit
2 0 18 / 2 0 19 Y E A R I N R E V I E W
TRANSACTION ADVISORY SERVICES INDEPENDENT SPONSOR INDUSTRY REPORT The merger and acquisition landscape has experienced a significant evolution over the past decade, with the introduction of a new type of private equity dealmakers: independent sponsors. As their numbers have swelled to an estimated 2,500 in the U.S., independent sponsors have gained more acceptance from business owners and investments bankers. Furthermore, when valuation multiples have soared, they have also become a source of quality deal flow for family offices, private equity funds, and SBICs. Citrin Cooperman issued a follow-up Independent Sponsor Report in 2018, after initially launching the survey in 2017. The results continue to explore the opportunities and challenges that independent sponsors face today, but featured an expansion of economic terms, in response to feedback from the past year’s participants. ECONOMIC SUMMIT Citrin Cooperman’s Boston Metro and Providence offices held the firm’s first Economic Summit, with the theme of ‘Business Planning for Tomorrow’s Economy.’ The summit provided insight into the economic outlook for New England businesses, and discussed the state of global, national, and regional economies with special attention on performance of financial, labor, and real estate markets. The seminar was kicked off by a nationally-recognized keynote speaker, followed by a panel of regional thought leaders in the areas of finance, private equity, and real estate. Looking forward, the New England team will host a second economic summit in October 2019, bringing forward a dynamic panel of thought leaders to discuss the current economic landscape for businesses throughout the region. WOMEN AT THE WHEEL Successful women all across the country are building and growing businesses, and paving the way for more women to become future business leaders. When these women share their unique backgrounds, challenges they’ve faced, and relationships that helped with their success, they provide valuable lessons in leadership for the women currently mapping out their own journeys. Citrin Cooperman continues our annual Women at the Wheel events, hosted across multiple firm locations, to provide a venue for these highly successful women leaders to guide rising female leaders in driving their businesses.
TAX CUTS & JOBS ACT In December 2017, the Tax Cuts & Jobs Act was signed into law, representing the largest overhaul of the United States tax code in over thirty years. Understanding how vast and complex these changes are, Citrin Cooperman placed a focus on providing clients with a clear understanding of the changes and what considerations should be made under the new tax legislation. Impacts vary by industry, and tax strategies and credits vary by company structure. Our Tax Practice worked closely over the course of the year with all service lines and industry groups across the firm to provide regular communications and events to address changes and impacts for both not-for-profit and for-profit organizations. As we move into the first tax season with this law in effect, the firm will continue to advise clients on what tax strategies should change, and what should remain the same.
Keeping you up to date and ahead of the curve
FOCUSED ON WHAT COUNTS
PAG E: 26 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
Giving Back BELIEVE THERE IS GOOD IN
THE WORLD.
Our firm is committed to working hard to serve the needs of our clients and the communities in which we live, work, and play. As caring, service-minded individuals, each of us desires to improve the lives of others. We encourage our staff to give back to the community. The Citrin Cooperman Cares (CC Cares) Committee organized several programs and initiatives in 2018, dedicating resources, time, and dollars to give back to local organizations. Programs included breast cancer walks and bake sales, food drives, holiday giving, toy drives, coat drives, and more. Seeking to promote the welfare of others, especially by making charitable donations to good causes and being generous and benevolent, is what makes Citrin Cooperman proud. The firm encourages staff to give back and on June 4, 2018, that’s exactly what we did! All Citrin Cooperman offices closed for business and gave back to their local communities by donating their time to local organizations during our annual CC Cares Day of Service.
CHARITABLE FRIDAYS The philanthropic mission of Citrin Cooperman is to improve the quality of life in our communities and to encourage and support the charitable efforts of the employees of Citrin Cooperman by contributing to the charitable organizations in which our staff are involved. Once again, throughout 2018, employees were asked to donate a nominal amount to a specific charity chosen, including Team Rubicon – Hurricane Florida Disaster Relief, Swim Across America: Making Waves to Fight Cancer, METAvivor, and Runway of Dreams Foundation. The firm was proud to match all donations made. DONATIONS Citrin Cooperman recognizes that it is the company’s responsibility as a good corporate citizen to help enrich our surrounding communities and those in time of need. One of the key parts of our company’s vision is to “enhance life and community.” Citrin Cooperman encourages all employees to use their resources to better the communities in which we work and live. In addition to volunteering, Citrin Cooperman provides monetary donations to local organizations throughout the East Coast. SCHOLARSHIP PROGRAM Citrin Cooperman has been committed to helping graduating high school students majoring in accounting or business by providing scholarships to deserving students. Our four-or-five-year scholarship program is designed to help high school students defray their upcoming college tuition costs. Citrin Cooperman is committed to our communities by helping these students achieve their career goals as we recognize the value of education as a vital foundation and fulfillment of a rewarding career. Eligible students, in each region where we have offices, go through a selection process via a scholarship application, essay, and interview process. Since 2005, we have awarded over $400,000 in scholarship grants to future accountants and entrepreneurs. HOMELESS OUTREACH PROGRAM This year was our third annual Homeless Outreach Program! Our Citrin Cooperman volunteers packed bags filled with food, and a ton of hats, gloves, scarves, and other warm clothing items. On one weekend morning, volunteers split into groups and distributed these bags to the homeless on the streets of New York City. We distributed over 50 bags of food and clothing to those in need. BREAST CANCER AWARENESS In October, Breast Cancer Awareness Month, all Citrin Cooperman office locations participated in “Making Strides Against Breast Cancer” walk-a-thons all across the East Coast. All proceeds from the walk and donations went to The American Cancer Society. Almost all of the offices also hosted their own Breast Cancer Bake sale, where funds were raised for the organization as well. As a firm, we raised almost $4,000 from the bake sales alone!
PAG E: 2 7 / 37
2 0 18 / 2 0 19 Y E A R I N R E V I E W
CC Cares Day of Service
GIVING heart
AT C I T R I N C O O P E R M A N, GIVING BACK IS AMONG
T H E M O S T I M P O R TA N T A N D VA L U A B L E T H I N G S W E D O A S A F I R M. P E R I O D.
PAG E: 2 8 / 37
Rankings & Awards
CITRIN COOPERMAN | E VOLUTION RE ADY
PAG E: 2 9 / 37
2 0 18 / 2 0 19 Y E A R I N R E V I E W
FIRM RANKINGS Inc. 5000 - Inc Magazine (2018) Best Practices Award - CIANJ’s COMMERCE Magazine (2018) Best Places to Work in New Jersey NJBIZ (2018) Best Places to Work in Connecticut Hartford Business Journal (2018) Ranked 23rd overall and 4th among Mid-Atlantic firms - Accounting Today’s Top 100 Firms (2018)
INDIVIDUAL AWARDS Laura Kucera- Leading CMO, Westchester and Fairfield County Business Journals Laura Kucera- 2018 Collaboration Award, Moore Stephens North America
2018 Long Island Top Workplaces Award- Newsday (2018)
Catherine Taylor- Top 50 Women Award, Long Island Business News
Regional Deal of the Year- The M&A Advisor (2018)
Laura Crowley- Volunteer Award, New Jersey Society of Certified Public Accountants
Ranked 23rd overall in Inside Public Accounting’s Top 100 Firms of 2018
David Zawitkowski- 2018 Emerging Leaders Award, The M&A Advisor Stacy Gilbert- 2019 Top Women in Metro New York Foodservice and Hospitality, Total Food Service Stacy Gilbert- Best 50 Women in Business, NJBIZ Michael Sabatini- Who’s Who in Accounting: Real Estate and Development, Long Island Business News Arty Erk, Arnie Herrmann, Errol Wander, and Victor WlodinguerBusiness Managers Elite 2018, Variety Arnie Herrmann- Hollywood’s 25 Top Business Managers of 2018, The Hollywood Reporter Victor Wlodinguer- Billboard Top Business Manager, Billboard Patricia Cummings- 2018 Notable Women in Accounting & Consulting, Crain’s New York Business
PAG E: 30 / 37
Key Management
CITRIN COOPERMAN | E VOLUTION RE ADY
PAG E: 31 / 37
2 0 18 / 2 0 19 Y E A R I N R E V I E W
Our leadership is evolution ready EXECUTIVE COMMITTEE Niles Citrin Alan G. Badey Philip Baker Mark Carrow Joel Cooperman Patricia Cummings Richard DeRienzo Michael DeVito Manny Diakogeorgios Mark L. Fagan
Will Fernandez Nick Florio Stacy Gilbert Ken Kirkland Matthew Kuchinsky Salvatore Leone Michael Rhodes Michael Sabatini Bob Schneider Alex Serrano
REGIONAL MANAGING PARTNERS Alan G. Badey (CC North) Mark Carrow (CC South Atlantic) Michael DeVito (CC Metro) OFFICE MANAGING PARTNERS Alan G. Badey (White Plains, NY) Bo Fitzpatrick (Bethesda, MD & Tysons, VA) Mark Carrow (Philadelphia, PA) Patricia Cummings & Michael DeVito (New York, NY) Richard DeRienzo (Providence, RI) Mark L. Fagan (Norwalk, CT) Ken Kirkland (Braintree & Woburn, MA) Michael Sabatini (Melville, NY) Alex Serrano (Livingston, NJ) FIRM ADMINISTRATORS John Bonelli, Principal and General Counsel Nicholas DiMaio, Chief Financial Officer Melanie Foss, Director, Human Resources Anna Galioto, Principal, Firm Administration David Kells, Principal and Chief Operating Officer Laura F. Kucera, Principal and Chief Marketing Officer Kenny Li, Chief Technology Officer Nancy Palmerin, Director, Learning and Development John M. Porricelli, Chief of Staff Peter Vocaturo, Head of Accounts Receivable
CC LEADERSHIP We understand that direction comes from the top, and that is why we instill in our leadership a passion for progress and a commitment to helping our clients stay ahead of the curve. Together, we carry forward our mission to remain focused on what counts so that all of our employees understand the importance and relevance of what we stand for and believe in as a firm.
Together, we are focused on what counts.
CHIEF EXECUTIVE OFFICER Joel Cooperman
PAG E: 3 2 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
Appendix: Practice Directory Industry Leaders ARCHITECTURE & ENGINEERING Gil Watkins T: 203.847.1294 | E: gwatkins@citrincooperman.com AUTO DEALERSHIPS Will Fernandez T: 973.218.7143 | E: wfernandez@citrincooperman.com Ellen Kera T: 914.358.3401 | E: ekera@citrincooperman.com CANNABIS ADVISORY SERVICES Mitzi Hollenbeck T: 401.567.2132 | E: mhollenbeck@citrincooperman.com CONSTRUCTION Sal Leone T: 646.695.7836 EMAIL sleone@citrincooperman.com Sean Killgoar T: 781.817.1168 | E: skillgoar@citrincooperman.com Scott Derco T: 973.218.7130 | E: sderco@citrincooperman.com ENTERTAINMENT, MUSIC & SPORTS Arnie J. Herrmann T: 646.695.7828 | E: aherrmann@citrincooperman.com Victor Wlodinguer (Music) T: 646.695.7829 | E: vwlodinguer@citrincooperman.com Arty Erk (Royalty Audits) T: 646.695.7839 | E: aerk@citrincooperman.com FINANCIAL SERVICES Alex Reyes T: 646.695.7842 | E: areyes@citrincooperman.com FRANCHISING Aaron Chaitovsky T: 646.695.7820 | E: achaitovsky@citrincooperman.com
PAG E: 3 3 / 37
Michael Iannuzzi T: 646.979.6079 | E: miannuzzi@citrincooperman.com GOVERNMENT Michael Stephens T: 301.654.9000 x8772 | E: mstephens@citrincooperman.com GOVERNMENT CONTRACTING Shawn Howard T: 301.654.9000 x2489 | E: showard@citrincooperman.com Sirena Johnson T: 301.654.9000 x2491 | E: sjohnson@citrincooperman.com HEALTH CARE Josh Berlin T: 404.805.8432 | E: jberlin@citrincooperman.com John Bryan T: 914.517.4445 | E: jbryan@citrincooperman.com Michael Criscione T: 401.421.4800 | E: mcriscione@citrincooperman.com Aaron Cohen T: 301.634.3555 | E: acohen@citrincooperman.com LAW FIRMS & PROFESSIONAL SERVICES Alan G. Badey T: 914.949.2990 | E: abadey@citrincooperman.com Scott Rutter T: 646.695.7811 | E: srutter@citrincooperman.com MANUFACTURING & DISTRIBUTION John Giordano T: 347.505.6351 | E: jgiordano@citrincooperman.com Mark Henry T: 781.817.1179 | E: mhenry@citrincooperman.com NOT-FOR-PROFIT John Eusanio T: 646.979.6091 | E: jeusanio@citrincooperman.com
2 0 18 / 2 0 19 Y E A R I N R E V I E W
PRIVATE EQUITY & CAPITAL MARKETS (PUBLIC COMPANIES) Patricia A. Cummings T: 347.505.6307 | E: pcummings@citrincooperman.com REAL ESTATE Mark Mindick T: 646.695.7896 | E: mmindick@citrincooperman.com RESTAURANTS & HOSPITALITY Nick Florio T: 646.695.7821 | E: nflorio@citrincooperman.com Stacy Gilbert T: 973.218.7192 | E: sgilbert@citrincooperman.com Roy Tumpowsky T: 646.979.6160 | E: rtumpowsky@citrincooperman.com STAFFING Nick Florio T: 646.695.7821 | E: nflorio@citrincooperman.com TECHNOLOGY & LIFE SCIENCES Michael Rhodes T: 646.695.7812 | E: mrhodes@citrincooperman.com
SERVICE LEADERS
Patricia A. Cummings T: 347.505.6307 | E: pcummings@citrincooperman.com Michael A. Sabatini T: 631.930.5610 | E: msabatini@citrincooperman.com PUBLIC COMPANY AUDIT SERVICES Patricia A. Cummings T: 347.505.6307 EMAIL pcummings@citrincooperman.com Michael A. Sabatini T: 631.930.5610 | E: msabatini@citrincooperman.com Joseph Turkewitz T: 646.979.6150 | E: jturkewitz@citrincooperman.com REVIEWS AND COMPILATIONS Mark L. Fagan TEL 203.847.4068 | E: mfagan@citrincooperman.com Michael DeVito T: 646.695.7893 | E: mdevito@citrincooperman.com
ACCOUNTING ADVISORY SERVICES
Joseph Turkewitz T: 646.979.6150 | E: jturkewitz@citrincooperman.com BUSINESS COMBINATIONS Louise Cody T: 347.505.6316 | E: lcody@citrincooperman.com
Joseph Turkewitz, Practice Leader T: 646.979.6150 | E: jturkewitz@citrincooperman.com
ASSURANCE
GOING PUBLIC READINESS Patricia A. Cummings T: 347.505.6307 | E: pcummings@citrincooperman.com
Mark Schniebolk, QC Practice Leader T: 646.695.7802 | E: mschniebolk@citrincooperman.com
Michael A. Sabatini T: 631.930.5610 | E: msabatini@citrincooperman.com
AGREED-UPON PROCEDURES Danielle Russo T: 646.698.7849 | E: drusso@citrincooperman.com
Joseph Turkewitz T: 646.979.6150 | E: jturkewitz@citrincooperman.com
Mark L. Fagan T: 203-847-4068 | E: mfagan@citrincooperman.com EMPLOYEE BENEFIT PLAN AUDIT Soula Tsambiras T: 646.695.780 | E: stsambiras@citrincooperman.com FINANCIAL STATEMENT AUDIT Mark L. Fagan T: 203.847.4068 | E: mfagan@citrincooperman.com Michael DeVito T: 646.695.7893 | E: mdevito@citrincooperman.com
LEASE ACCOUNTING Peter T. Brown T: 781.817.1111 | E: pbrown@citrincooperman.com Michael A. Sabatini T: 631.930.5610 | E: msabatini@citrincooperman.com REVENUE RECOGNITION Mark L. Fagan T: 203.847.4068 | E: mfagan@citrincooperman.com Joseph Turkewitz T: 646.979.6150 | E: jturkewitz@citrincooperman.com
PAG E: 3 4 / 37
CITRIN COOPERMAN | E VOLUTION RE ADY
TAX
John C. Genz T: 347.505.6308 | E: jgenz@citrincooperman.com
Joe Bublé, Practice Leader T: 646.695.7876 | E: jbuble@citrincooperman.com
INTERNATIONAL TAXATION SERVICES Leon Dutkiewicz T: 973.218.7830 | E: ldutkiewicz@citrincooperman.com
FEDERAL TAX POLICY Paul H. Dailey T: 347.505.6357 | E: pdailey@citrincooperman.com
Paul Dailey T: 347.505.6357 | E: pdailey@citrincooperman.com
Joe Bublé T: 646.695.7876 | E: jbuble@citrincooperman.com IRS REPRESENTATION AND TAX CONTROVERSIES Leon M. Reimer T: 347.505.6309 | E: lreimer@citrincooperman.com Craig Cafaro T: 347.505.6311 | E: ccafaro@citrincooperman.com MERGERS AND ACQUISITIONS TAX Shawn M. Howard T: 301.654.9000 x2489 | E: showard@citrincooperman.com Paul H. Dailey T: 347.505.6357 | E: pdailey@citrincooperman.com
Jennifer Sklar-Romano T: 646.979.3954 | E: jsklar-romano@citrincooperman.com TRANSFER PRICING Rita Chung T: 646.979.3953 | E: rchung@citrincooperman.com SALT David Seiden T: 914.517.4447 | E: dseiden@citrincooperman.com Eugene Ruvere T: 914.949.2990 | E: eruvere@citrincooperman.com
Bill Briggs T: 267.479.0156 | E: wbriggs@citrincooperman.com
FILM PRODUCTION TAX INCENTIVES John C. Genz T: 347.505.6308 | E: jgenz@citrincooperman.com
Joe Bublé T: 646.695.7876 | E: jbuble@citrincooperman.com
Danielle Russo T: 646.698.7849 | E: drusso@citrincooperman.com
NOT-FOR-PROFIT TAX Paula Vuksic T: 973.218.7123 | E: pvuksic@citrincooperman.com
PRIVATE CLIENT SERVICES Joe Bublé T: 646.695.7876 | E: jbuble@citrincooperman.com HIGH NET WORTH INDIVIDUALS Patrick Daly T: 646.695.7877 | E: pdaly@citrincooperman.com
Joseph Barreca T: 212.697.1000 x6097 | E: pvuksic@citrincooperman.com TAX ACCOUNTING AND PROVISIONS John C. Genz T: 347.505.6308 | E: jgenz@citrincooperman.com
Ronald Hegt T: 914.358.3342 | E: rhegt@citrincooperman.com
Dana Szakacs T: 646.695.7882 | E: dszakacs@citrincooperman.com
Edward Berardi T: 781.817.1141 | E: eberardi@citrincooperman.com
Brian Criscio T: 203.910.0318 | E: bcriscio@citrincooperman.com
Philip R. Baker T: 301.834.2485 | E: pbaker@citrincooperman.com
TAX COMPLIANCE, RESEARCH AND (COMMERICAL TAX) Allison Brack T: 646.695.7878 | E: abrack@citrincooperman.com Andrew Rotter T: 646.695.7831 | E: arotter@citrincooperman.com
PAG E: 35 / 37
PLANNING
OFFSHORE VOLUNTARY DISCLOSURE INITIATIVE Craig Cafaro T: 347.505.6311 | E: ccafaro@citrincooperman.com Leon M. Reimer T: 347.505.6309 | E: lreimer@citrincooperman.com
2 0 18 / 2 0 19 Y E A R I N R E V I E W
PRIVATE TAX COMPLIANCE Ronald Hegt T: 914.358.3342 | E: @citrincooperman.com Edward Berardi T: 781.817.1141 | E: eberardi@citrincooperman.com Philip R. Baker T: 301.834.2485 | E: pbaker@citrincooperman.com Heyam Janell T: 401.421.4800 | E: hjanell@citrincooperman.com TRUST & ESTATE Howard Klein T: 914.517.4242 | E: hklein@citrincooperman.com Catherine M. Taylor T: 347.505.6391 | E: ctaylor@citrincooperman.com
Ellen Rosenbaum T: 914.693.7000 x112 | E: erosenbaum@citrincooperman.com TRANSACTION ADVISORY SERVICES Sylvie Gadant T: 973.218.7178 | E: sgadant@citrincooperman.com VALUATION ADVISORY SERVICES Mandeep Trivedi T: 646.695.7851 | E: mtrivedi@citrincooperman.com BUSINESS ADVISORY SERVICES Bob Schneider T: 646.695.7819 | E: rschneider@citrincooperman.com Will Fernandez T: 973.218.7143 | E: wfernandez@citrincooperman.com
Barbara Lane T: 914.517.4442 | E: blane@citrincooperman.com
ADVISORY
Richard J. DeRienzo T: 401.421.4800 | E: rderienzo@citrincooperman.com BUSINESS MANAGEMENT & FAMILY OFFICE Arnie Herrmann T: 646.695.7828 | E: aherrmann@citrincooperman.com Michael Dooley T: 646.979.6081 | E: mdooley@citrincooperman.com OFFICE OF THE CFO Renee Aloisio T: 401.421.4800 | E: raloisio@citrincooperman.com LITIGATION AND DISPUTE ADVISORY SERVICES Colleen Vallen T: 247.479.0116 | E: cvallen@citrincooperman.com STRATEGY AND BUSINESS TRANSFORMATION Steve Ronan T: 203.628.2439 | E: sronan@citrincooperman.com TECHNOLOGY AND RISK ADVISORY CONSULTING (TRAC) Michael Rhodes T: 646.695.7812 | E: mrhodes@citrincooperman.com Michael Camacho T: 401.421.4800 x233 | E: mcamacho@citrincooperman.com David Rosenbaum T: 914.693.7000 x111 | E: drosenbaum@citrincooperman.com
PAG E: 36 / 37
EVOLUTION
Focus on What Counts.
CONNECT WITH US : CITRINCOOPERMAN.COM