2020.09 Sax August BUZZ

THE BUZZ

MESSAGE FROM OUR MANAGING PARTNER

Team, I would like to take this time to announce some new and exciting acknowledgements of our firm by some of the leading publications in the state and country.

Recently in May we announced our recognition by Forbes Magazine as one of “America’s Best Tax Firms,” our recognition by Construction Executive as a Top 50 Construction Accounting Firm in the country, and by Accounting Today which includes ranked #98 on their list of top accounting firms in the country, #19 on their list of top Mid-Atlantic firms, and #29 on their "Wealth Magnet" rankings of the Top 150 Firms by Assets Under Management.

Since then, I am proud to announce that we’ve been recognized by INSIDE Public Accounting on their list of the country’s largest public accounting firms at #98, and on their list of the Top 50 Best of the Best Firms in the country, based on our highperformance in specific key areas of management, growth and strategic vision. In addition, we have been ranked #98 on NJBIZ’s list of the Top 250 Privately Held Companies, moving up 10 spots since last year and ranked by 2019 global revenue.

This is huge. In 2020, as we face some very challenging times, this recognition from outside entities validates our firm’s move from good to great with regards to our exceptional talent, expertise and our emphasis on serving our clients as their number one advisor. We could not reach these accomplishments without you, our Sax team.

Thank you for all your hard work, especially as we move closer to our September 15 and October 15 deadlines. Your unwavering commitment to our firm and the clients we serve does not go unnoticed, and we appreciate all of the time and talents that are attributed to our firm's success.

Joseph A. Damiano

ANNOUNCEMENTS | REMINDERS

PRESS ROOM

Take 1 minute to VOTE FOR SAX on NJBIZ's 2020 Reader Rankings as a top business in our community under the category of "Professional Services":

The following publications featured stories on Sax’s relocation of our headquarters to LATITUDE in Parsippany. Read all about it here.

Read the full article here.

Read the full article here.

Read the full article here.

HUMAN RESOURCES

Please join us in giving a warm welcome to the newest members of our Sax family.

Jeff Holt Jennifer Burczynski Angel Rodriguez Amanda Malko

Partner of QC | Parsippany | 9.16.20 Scheduling & Training Coord. | Parsippany | 9.16.20 Tax Associate | Parsippany | 9.21.20 Senior Tax Associate | Parsippany | 9.21.20

BUSINESS DEVELOPMENT RECENT WINS (August 1 - September 3)

TOTAL WINS YTD

TOTAL RECURRING WINS YTD

$2,716,250

$2,007,550

NEW CLIENT WINS

ENGAGEMENT TEAM

1. Circle Square Alternative Investments LLC 2. 125 Rahway 3. Olden Equities Group 4. Nate's Corp 5. Triple C Housing

George Livanos Candy Gordon-Geanoules Josh Chananie Ermal Luzaj Todd Polyniak

6. Abby123, Inc.

Josh Chananie

7. Astoria Realty Corporation

Jason Borofsky

8. Perry Hall and Oakleigh Apts

Candy Gordon-Geanoules

ANNOUNCEMENTS | REMINDERS

Sax is proud to announce our inclusion on Inside Public Accounting's list of the Top 100 Firms in the country. This year Sax was ranked #98, moving up a spot from 2019.

Read the press release.

Sax is named to Inside Public Accounting’s list of the Best of the Best public accounting firms in the nation for 2020, made up of the top performers within the profession.

Read the press release.

Congratulations to Lisa Mela and her husband on the arrival of their new baby girl!

Juliet Lynne was born on August 8th, weighing 6 lbs. 10 oz. and 19 inches long. We wish their family the best!

Congratulations to Adam Feldman and his wife on the arrival of their new baby boy!

Aaron Joshua was born on August 27th, weighing 7 lbs. 13 oz. We wish their family the best!

August Robert Syme Rob began working for the firm in November of 2017 as an A&A Associate, and was recently promoted to Senior Associate in July of 2019.

His main responsibilities include auditing M&D entities and working on 401k's.

Deborah Diamond Debbie began working for the firm in 2001 and serves as Senior Account Service Associate.

She is constantly interacting with clients and responding to client inquiries to ensure they are getting the best service from their number one advisor.

Read more about Robert and Deborah in our Q&As here

Birthdays We'd like to wish a happy birthday to the following team members who have celebrated a birthday during our work from home period.

Kathleen Rutch

April 1

Rachelle Brown

April 2

Joseph Damiano

April 4

Adam Apidopolous

April 5

Jennifer Tosi

April 9

Suzanne Yang

April 25

Missy O'Shea

April 29

Peter Calicchio

April 30

Matthew Bernocchi

May 1

Alexandra Celentano

May 4

Gayle Boeckstiegel

May 10

Ruki Lawal

May 15

Robert Syme

May 15

Keysha Kennedy

May 16

Ryan Alexander

May 17

Barbara Pannullo

May 17

Lawrence Gradzki

May 22

Marqus White

May 22

Birthdays Zachary Adler

May 25

Andrew Blahut

May 27

Mathew Giordano

May 29

Jennifer Moroz

May 29

Sadchit Desai

May 30

Schoenstani Gil

May 30

Jessica Gutierrez

May 30

Robert Hopper

June 2

Ermal Luzaj

June 2

Sharon Bleibtreu

June 3

Adam Holzberg

June 3

Todd Polyniak

June 3

Mathew Mareiniss

June 4

Joshua Weinburg

June 9

Liz Trantina

June 13

Kelita Sookhoo

June 14

Anna Vilinsky

June 14

John Murphy

June 16

Birthdays Jason Borofsky Michael Benguigui Virginia Dennerlein Elena Klarberg Jack Cassidy Rebecca Hu Christopher Lazzaro Kenneth Hofsommer Michael DeBenedetto Candace Deosingh George Livanos Gianna Coscia Joseph Valveri Dave DePiero Joseph Shannon Deborah Diamond Kevin Sohr Deloris Maple Alec Marceles

June 17 June 20 July 1 July 1 July 1 July 1 July 3 July 6 July 9 July 9 July 9 July 11 July 11 July 13 July 14 July 24 July 27 July 31 July 31

Birthdays Michael Amoresano

August 2

Alan Grajeda

August 2

Gladys Lombos

August 5

Agata Majdanska

August 5

Mayank Shah

August 5

Michael Albert

August 6

Rouba Rached

August 8

Angelo Straface

August 16

Frank Centrella

August 18

Patrick Brady

August 18

Julia Goldshlag

August 19

Harper Garrett

August 21

Anna Malafis

August 27

Tais Figueiredo

August 28

Melissa Bollinger

August 30

Kyle Stawicki

August 30

Jonathan Yasa

August 30

COVID-19 RESOURCE CENTER

Now is the time to help our clients prepare for the road to recovery. With changes constant and released guidance ongoing, lean on Sax's Resource Center to stay in the know with the most recent updates.

LOAN PROGRAMS

TAX ALERTS

BUSINESS RESOURCES

WEBINARS

NJ, NY UPDATES

SUPPORT YOUR LOCAL BUSINESSES

SAX'S "WALL OF SUPPORT"

These are trying times for us all as the question of when we will resume “business as usual” is surrounded by uncertainty. In an effort to assist our clients when they need it most, we have created a “Wall of Support” which includes a number of organizations who could use our backing.

We encourage you to explore to see if there is a way you can lend a hand, whether that be by utilizing their services or donating to their cause.

If you have a client that would like to be included on our “Wall of Support”, please have them email covid19@saxllp.com with their company logo (.png, .eps, .ai, or pdf format) and the proper URL where to direct supporters.

SAX LLP Savings and Investment Plan Update: The SAX LLP Savings and Investment Plan offers professionally managed investment model portfolios that allow plan participants to invest based on their risk tolerance. Effective September 29, the existing allocation of the model portfolios will be reinvested into a new model allocation. Participants in the plan will soon receive an investment change notice outlining the upcoming changes.

Sax Wealth Advisors will be hosting information sessions in mid- late August about plan features and provisions, and to discuss the changes. Please be on the lookout for the investment change notice and invitations for the information sessions.

In the meantime, if you would like to discuss your retirement plan account and the options available, you can reach the team at Sax Wealth Advisors by emailing retirement@saxwa.com. To reach out directly for any retirement plan related items, please contact Eric Seidman or Joe Piela.

Check out SaxWA's new service videos!

PRACTICE OVERVIEW

FINANCIAL PLANNING OVERVIEW

THE FINANCIAL PLANNING PROCESS

ASSET MANAGEMENT

RETIREMENT PLANNING

We invite you to sign up for Sax’s first ever Virtual 4 MILER, held within the weeks of Saturday, September 26 to Saturday, October 10.

Whether you run competitively for time, or walk a mile a day with a friend, you can show your support for the pediatric patients of St. Joseph’s Children’s Hospital by completing your 4 miles from anywhere and at any time during the event.

WE NEED YOUR SUPPORT!

SIGN UP

SNAG A SPONSOR

DONATE

To learn more, visit our 4 MILER event page here.

SAX INTERNAL COMPETITION

1st Place: $500 Gift Card of your choice

We need your help as we work to raise support for the pediatric patients of St. Joseph’s Children’s Hospital.

As an individual, you can collect points by completing the following tasks until the last day of the Virtual 4 MILER, running from Sat., September 26 – Sat., October 10.

SNAG A SPONSOR Partner Level Sponsor Advocate Level Sponsor Supporter Level Sponsor Friend Level Sponsor

*Alert Marketing when a participant is secured.

3rd Place: $100 Gift Card of your choice

DONATIONS 5,000 points 2,500 points 1,500 points 1,000 points

PARTICIPATION Sign up Recruit participants*

2nd Place: $250 Gift Card of your choice

Donate to event Friend/Family Donation

$1 = 1 point $1 = 1 point

*Alert Marketing when a donation is secured.

RAISE AWARENESS 100 points 100 points

Tag @sax4miler in a post with you and your BIB number

200 points

Share posts from our Sax 4 Miler Instagram and tag @sax4miler

100 points

Sax's Virtual Volunteer Day We invite you to participate in Sax’s Virtual Volunteer Day on Monday, October 19 as we come together for a cleanup of our communities.

Litter can be found on our roadways, in our yards, and in our common areas such as parks and schools, as well as in local natural areas such as woods or streams. It might seem a bit overwhelming to tackle the litter problem in your area alone, but even these small efforts can lead to an improvement in your local environment.

What: Company Clean-up of our Communities!

When: Monday, October 19 Where: Pick a spot (consider your ability to maintain social distancing) like the streets of your neighborhood, a nearby park or playground, etc.

Instructions: Grab some gloves and a garbage bag and clean up your community!

Take a photo of yourself in action and send to marketing@saxllp.com.

Take before and after photos so we can showcase your hard work!

For those participating in Sax’s “Community Clean-up” Volunteer Day, please code your time to 9812 - Community Service.

VIRTUAL WELLNESS SERIES

In the first installment of Sax's Virtual Wellness Series, Sax team members took a class with Peter Kofitsas - an expert on health and wellbeing - to cook a "Better than Chipotle" Sol Bowl.

Here are some finished products!

Sue Reed

Gregg Munn

Larry Gradzki

Don't forget to join our

MONTHLY VIRTUAL HAPPY HOURS Led by Michael Rolls and Matt Goldstein THURSDAY, SEPTEMBER 24 4:30 PM If you have a suggestion for future happy hour themes, email your idea to marketing@saxllp.com

ANYTHING TO ADD? Email marketing@saxllp.com