February 2021 BUZZ

THE BUZZ

MESSAGE FROM OUR MANAGING PARTNER

Team, As we approach the 1-year mark of the pandemic’s disruption and move forward in our second busy season working remote, it’s nice to now see a light at the end of the tunnel.

Looking back, I am so proud of our team. We’ve been able to meet our goals and stay a successful unit during unfamiliar challenges, and in-turn, we’ve grown stronger. On behalf of all Sax Partners, we thank you for sticking to our core values and going the extra mile for clients, even when it’s hard.

I hope you enjoy our recently released Year in Review. 2020 was certainly filled with headlines, including our noteworthy accomplishments, and it is nice to reflect on all we were able to achieve through unprecedented challenges.

Now, in 2021, we mark our firm’s 65th anniversary and there is so much to celebrate. Looking ahead, we will continue to expand our team and enhance our expertise and services – now from our new headquarters built for the future. I look forward to seeing you all there soon!

We have a bright future ahead and I thank you all for your continued dedication and contributions to Sax’s success.

All my best,

VIEW HERE

BUSINESS DEVELOPMENT RECENT WINS (January 26-March 9)

TOTAL WINS YTD

TOTAL RECURRING WINS YTD

$1,922,650

$1,578,150

NEW CLIENT WINS

ENGAGEMENT TEAM

1. American Liver Foundation 2. Allwood Family Dentistry 3. Corporate Jet Support 4. The Imprint Source 5. O4 Innovations LLC 6. Sage Eldercare 7. Whisps Inc. 8. VCM Global Asset Management 9. University Orthopedic Associates 10. Red Mountain Capital 11. We Shield LLC 12. Scura Wigfield 13. Diversified Public Affairs 14. Trewstar Corp Board Services 15. Ace Wire and Cable, Inc. 16. Perciballi Industries 17. EmergEQ LLC 18. Hatch Yates Hotel Group, LLC 19. H&M Rohsler Nursery, Inc 20. From Day One, Inc. 21. Ferraro Foods, Inc, 22. Italian Fine Foods Holdco Corp.

23. Enexia Specialty 24. Raymond Brothers Landscaping 25. Prudent Publishing 26. Rollo Holdco, Inc

Josh Chananie Stuart Berger Joseph Shannon Todd Polyniak Melissa O'Shea Todd Polyniak Chris Gaffney Adam Feldman Debbie Nappi Craig Cassano Adam Feldman Joseph Shannon Kathleen Alexander Craig Cassano Ermal Luzaj Ermal Luzaj Ken Hofsommer Jennifer Moroz Ken Hofsommer Elliott Koplitz Chris Gaffney Chris Gaffney Ermal Luzaj Todd Polyniak Todd Polyniak Stuart Berger

HUMAN RESOURCES

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

Christine Grispart Julia Prager

Tax Associate | Parsippany | 2.8.21 Tax Associate | Parsippany | 2.22.21

Victoria Salge

CSA, SaxWA, Part-Time | Parsippany | 3.8.21

Hetal Bhimani

CSA, SaxWA | Pennington | 3.8.21

We'd like to say

for everyone's hard work and to those who have been taking time out to train team members!

ANNOUNCEMENTS | REMINDERS

Great Cards

Louis Calamunci and Gayle Boeckstiegel are deserving of Great Cards! They spent a great deal of time putting together materials for the Kickoff, 1040 training and K1 training.

Ella Valdes is doing such a fantastic job so far this busy season. She is stepping up and taking charge and ownership of all of her jobs. She is proactive and completing tasks before we ask, she is appropriately pushing work down to less experienced levels, and best of all, she is transferring knowledge to staff and really helping them along.

ANNOUNCEMENTS | REMINDERS

Great Cards

Adam Apidopoulos

Alec Marceles

Albion Derguti

Jonathan Yassa

These team members are deserving of Great Cards because they rose to the occasion to meet an extremely aggressive and accelerated deadline for issuing the audited financial statements for Railroad Construction. Thank you all!

ANNOUNCEMENTS | REMINDERS

Sax has been recognized as a Corporate Partner for Good Grief, a nonprofit focused on ensuring children never grieve alone.

Congratulations to Helena Lynch on being recognized for her 10 years of volunteer service to Good Grief!

Congratulations to Albion Derguti on passing his CPA exams!

Congratulations to Melissa Bollinger and her husband on the arrival of their baby girl! Octavia Mae was born on February 22nd weighing 7 lbs 14 oz. We wish them the best!

ANNOUNCEMENTS | REMINDERS

Check out Michael Benguigui's article in the NJ Builder's Association "Winter 2021" publication titled, "Is My Development Project Located In An Opportunity Zone, And Why Should I Care?"

Read page 12.

Congratulations to Kathleen Alexander on being honored in the March issue of COMMERCE Magazine that highlighted the achievements of women business leaders.

Read page 8.

Susan Reed was featured in the March issue of COMMERCE Magazine with her response on how she is navigating COVID19’s impact for her healthcare clients.

Read page 42.

CLIENT TESTIMONIALS

"I just read the Year in Review piece and I have to tell you it is one of the best I have ever seen. Well done.

That aside, I want to let you know how much we appreciate the great work Sax has done for us and for our clients this past year—as always. Between Jennifer, Kyle, Megan, Al Traverso, Joe Shannon, Todd, Sue Reed, Vinny Gaspari and a whole bunch more. I have never been disappointed, and others in my firm who have dealt with the Sax crew are equally grateful for the relationship."

-Dan Simpson, Newman, Simpson & Cohen, LLP

February Stephen Ehrenberg Stephen joined the Sax team in January of 2017 and serves as a Tax Partner, and an important member of the firm’s PPP Advisory Task Force. Daily, he works on corporate, partnership and individual taxations and is a real asset and resource to the firm and the clients we serve.

Margaret Henn Margaret joined the Sax team in May of 2017 and serves as Senior Marketing Manager.

Daily, she works to ensure important information is released to our client base, and that Sax's expertise and capabilities are demonstrated to the public through many different vehicles.

Read more about Stephen and Margaret in our Q&As here.

February Birthdays We'd like to wish a happy birthday to the following team members who celebrated a birthday in February.

Marie DeCaprio

February 3

John King

February 4

Gail Kleinschmidt

February 4

Megan Sartor

February 4

Kathleen Alexander

February 5

Patrick DellaPenna

February 5

Cheryl Papay

February 9

Gregory Duffy

February 14

Ralph Heiman

February 16

Albion Derguti

February 23

William Happe

February 24

Jeffrey Mucha

February 24

Thomas Kopnicky

February 25

Siobhan Morrissey

February 25

Victoria Hochman

February 28

March Birthdays We'd like to wish a happy birthday to the following team members who will be celebrating a birthday in March.

Debra Karacsony

March 5

Jessica Peralta

March 5

Matthew Goldstein

March 6

Michael Rolls

March 6

Susan Reed

March 7

Jane Zuroff

March 7

Chris Gaffney

March 8

Carole Lombardi

March 8

Ryan Fidlow

March 12

Julia Prager

March 14

Eric Seidman

March 15

Stuart Berger

March 20

Vincent Gaspari

March 20

Jeff Holt

March 21

Ethan Grubman

March 22

Allan Arce

March 23

Randal Natoli

March 24

Helena Lynch

March 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.

and Sax At Sax, we value feedback from our employees. Glassdoor is a platform where employees rate their employer on a scale of 1-5 stars and leave comments, detailing their experience at their company. We would like to encourage team members to participate in leaving a rating to help recruiting and entice high-quality candidates to apply at Sax.

To participate, follow these simple steps: 1. Create an account 2. In the search bar, enter Sax 3. Select Company in the dropdown box 4. Enter Parsippany location 5. Click on the blue Add a Review box

ANYTHING TO ADD? Email marketing@saxllp.com