2021 AUGUST BUZZ

THE BUZZ

MESSAGE FROM JOE DAMIANO

Team, I hope you've all had a wonderful summer.

I wanted to take this time to share some exciting news with you. Recently, Sax has been recognized by INSIDE Public Accounting (IPA) as a Best of the Best Firm and the #94 public accounting firm in the nation for 2021. This is truly something to celebrate as we have been recognized as a top performer within the profession producing superior results, long-term sustainability, and growth.

Other accolades we’ve received this year were from NJBIZ who ranked us #96 on their list of the top 250 privately held companies in the state, and #14 on their list of top NJ accounting firms. Accounting Today ranked us the #95 accounting firm in the country, #43 on their "Wealth Magnet" list of top firms by assets under management, the #19 top Mid-Atlantic firm, and named us a “Regional Leader”. Construction Executive ranked Sax #25 on their list of top accounting firms in the nation with a Construction practice. We were also recognized by Forbes as a best tax and accounting firm in America for the second straight year and ranked the #8 top workplace in the “mid-size” category by NJ.com for the first time.

Sax is clearly making a name for ourselves and we should all be really proud of how far we’ve come. As we continue to build on our 65-year legacy, we thank you for all that you do as you are the reason for our growing success.

All my best, Joseph Damiano

WE ARE AT 73% OF OUR GOAL!

With less than a month to go, we need your support to reach $65,000 and directly benefit the pediatric patients of St. Joseph's Children's Hospital.

Remember, Sax matches all employee donations!

learn more about sax's 4 miler at www.saxllp.com/sax4miler

RSVP HERE

FIRM ANNOUNCEMENTS

Joe Damiano was featured in Commerce Magazine with a spotlight on how Sax has thrived under his leadership.

Read it here.

Sax was named a BEST OF THE BEST and TOP 100 firm in the nation (#94) by INSIDE Public Accounting.

Read about it here.

Sax was ranked #25 on Construction Executive’s list of The Top 50 Construction Accounting Firms in the nation.

Read about it here.

FIRM ANNOUNCEMENTS

Joy Matak contributed to Wealth and Legacy Group’s webinar, “The 360 Degree Impact of Newly Proposed Bills on Family Wealth” and lent her expertise on the major tax proposals coming down the pike. Watch it here.

Shivani Jain was featured in Commerce Magazine’s tax focused issue with her response to how Sax is helping clients prepare for the new federal and state tax policies. Read it here.

Shivani was also featured in CNBC’s “Crypto Decoded” article on taxing Cryptocurrency.

Read it here.

Congratulations to Kathleen M. Rutch on her inclusion on Crain’s 4th annual “Notable Women in Accounting & Consulting” list for New York City for the second year.

FIRM ANNOUNCEMENTS

MESSAGE FROM IT

For any and all issues relating to firm technology and assistance needed from IT, be sure to submit your requests via email to: support@saxtechnology.com

Congratulations to Kathleen Alexander on her receipt of an Honorable Mention at the CIANJ & Commerce Magazine’s Enterprising Women in Commerce Award Reception which recognized women who are achieving great things in their respective industries.

Congratulations to Gina Perrone on her new baby girl! Violet Rose Telfeian was born on 8/21/21 at 9:25pm at 6 lbs and 2 ounces.

Congratulations to Angelo Straface one his new baby girl! Stella Grace Straface was born on 9/9/21 at 6 lbs, 5 ounces and 19 ½ inches long.

BUSINESS DEVELOPMENT RECENT WINS

SAX YTD WINS

SWA YTD AUM

$3,494,950

$102MM

SCA YTD WINS

S2 YTD WINS

$5,115,000

$262,890

NEW CLIENT WINS NHNZ Worldwide Limited Dimitrakis Construction Group, Inc. M2X Limited Paul Aldaz/Pagnacco Group LLC Cosmopolitan Broadcasting Corporation Terence M. King/ Law Office of Terence M. King, LLC 65 Broadway Co Tenancy

ENGAGEMENT TEAM

Chris Gaffney Joseph Damiano Chris Gaffney Joseph Damiano Adam Holzberg Elliott Koplitz Jason Borofsky

Bio Compression Systems, Inc.

Debbie Nappi

TTOO, LLC

Debbie Nappi

Goodway Tech

Todd Polyniak

Caribe Communications & Publications, Inc.

Elliott Koplitz

ONUG, LLC

Elliott Koplitz

The Skae Group LLC

John Murphy

Sanford Epstein Inc.

Debbie Nappi

Raiken Epstein Memorials, Inc.

Debbie Nappi

Zensports Inc.

Shivani Jain

BUSINESS DEVELOPMENT RECENT WINS

NEW CLIENT WINS The Legacy Castle

ENGAGEMENT TEAM Joseph Damiano

Pixura Inc.

Shivani Jain

Washington Town Center, LLC

Elliot Koplitz

Mercer Bucks Hematology Oncology PC Health Management Associates, Inc. Sordoni Construction Co. Stone Gate Capital Gutter Labs LLC Fringe Accounting Co LLC FM3L1 LLC American Landmark Development

Sue Reed Debbie Nappi Melissa O'Shea Todd Polyniak Shivani Jain Jeff Holt Eddie Rivera Stu Berger

MSM Equities LLC

Eddie Rivera

Crosby Flanders LLC

Eddie Rivera

Comeback Capital Real Estate LLC

Eddie Rivera

Chafia Capital Partners LLC

Stuart Berger

Italian Fine Foods Holdco Corp. & Subsidiaries

Chris Gaffney

CLIENT INFORMATION UPDATES

Please email client changes to clientinfo@saxllp.com Examples of client changes include: New email address and/or phone number New AP personnel Change in main address or billing address (master and/or engagement) Please don’t assume someone else will make the changes. Be proactive and let the firm know.

Please continue to use NLAC@saxllp.com to report clients who are No Longer A Client

HUMAN RESOURCES

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

Wajia Zaman

Tax Manager | Parsippany | 7.7.21

Mansing Wong

Tax Associate | Parsippany | 7.19.21

Shivaley Shah

Talent Acquisition Specialist | Parsippany | 7.26.21

Jamie Torres Euna Choi Jakub Cielemecki Eddie Rivera Tetiana Bevza, CPA Melissa Gravino, CPA

Senior Tax Associate | Parsippany | 8.2.21 Tax Associate | NYC | 8.2.21 Senior A&A Associate | Parsippany | 8.2.21 Partner | Parsippany | 8.9.21 A&A Associate | Parsippany | 9.7.21 Senior A&A Manager | NYC | 9.20.21

The following employees are no longer with the firm. We wish them the best in their future endeavors.

Anna Vilinsky Ethan Grubman Kevin Sohr Julia Goldshlag Michael Benguigui James Clark Jesus Narvaez Christian DeLorenzo Robert Sevillano

Account Services Associate | Parsippany | 7.9.21 Senior Associate | Parsippany | 7.12.21 Senior Manager | Parsippany | 7.20.21 Senior Associate | Parsippany | 7.22.21 Senior Manager | Parsippany | 7.22.21 Manager | Parsippany | 7.30.21 A&A Associate | Parsippany | 8.10.21 Sax Wealth Advisors Intern | Pennington | 8.12.21 Senior Associate | Parsippany | 8.13.21

Daniel Sanchez

A&A Senior Associate | Parsippany | 8.20.21

Anthony Sanchez Massiel Rojas

A&A Senior Associate | Parsippany | 8.27.21 Senior Tax Associate | Parsippany | 8.27.21

Great Cards Schoenstani Gil has definitely earned a Great Card. The client was so impressed with the work she did and the follow up on details from her over the past year. This is a new area for her, and she stepped up and really managed the engagement and helped complete the assignment by the due date. The client specifically stated that it was a pleasure working with her.

Jessica Gutierrez is deserving of a Great Card on her efforts in processing a 4,000 page tax return that had to get out quickly. Originally, the return was assigned to someone else who could not do it.

Virginia re-assigned the return to Jessica. She had to finish the return at home and she processed the return and sent it in at 10:30 pm. Great, hardworking team member!

Breana Maher is bright, energetic & enthusiastic and did a terrific job on an extremely difficult corporate return. Working with Breanna and people like her is invigorating and I welcome opportunities to do so in the future. She is a true difference maker!

Great Cards Alexandra Hoff deserves a Great Card for her work with a client on the funding of her profit sharing plan. This is a complex plan. The plan was finally funded and the client appreciated Alexandra’s patience and knowledge of the plan details. The client was very pleased with her work. Thank you Alex!

Victoria Hochman works late at night and weekends to meet strict deadlines. This work ethic is typical of her. A huge thank you to Vicki for all her hard work and dedication!

Shivani Jain, CPA, MST Shivani joined the Sax team in January of 2004 and serves as Partner-in-Charge of the firm’s Tax Department. Shivani also leads the firm’s Cryptocurrency Practice and is an important member of the firm’s M&D & Cannabis Practices. She frequently authors articles and speaks on panels, podcasts and webinars on current developments and issues related to tax.

Stephen Tellian Stephen joined the Sax family after the merger with the Hunter Group in 2017. He works mainly within the firm’s Construction Practice, but has also assisted in engagements within the firm’s Employee Benefit Plan Audits Department, Manufacturing & Distribution Practice, and on investment banking engagements for Sax’s newest division, Sax Capital Advisors.

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

Sax's TAKE 5 with SAX podcast, hosted by Todd Polyniak & Craig Cassano, was created so our clients can press pause on their busy work days and leverage the expertise of our resident experts who provide important things to know NOW.

LISTEN TO OUR MOST RECENT RECORDINGS

Topic Focus: Tax Controversy Release Date: 8.25.21

Listen Here

Special Guest: Frank Centrella, CPA, MST Head of Tax Controversy, Sax LLP

Topic Focus: Employer Benefit Offerings Release Date: 6.21.21

Listen Here

Special Guest: Eric Seidman, AIF® Retirement Plan Director Sax Wealth Advisors

Topic Focus: Investment Banking Release Date: 6.7.21 Special Guest: Jerome Fusco Leader, Sax Investment Banking

Listen Here

UnitedHealthcare is bringing quality digital fitness classes right to your fingertips. It’s a program that helps you lead more active lives — and at no additional cost.

UnitedHealthcare plans include 4 months-1 year Peloton® Digital Membership* You will have access to thousands of classes during that time, from cardio to yoga, strength training to meditation.

After the free timeframe is up, you will receive an email from Peloton notifying you of the end of your membership. You are not required to renew your membership or to provide Peloton any credit card information. If you do want to renew, Peloton will provide clear instructions on how to continue your membership.

Getting Started

Beginning September 1, 2021, to activate your Peloton membership, click the “Get the Code” button that will appear in your United Healthcare account on www.myuhc.com.

Follow the prompts to confirm whether you need an access code for a Digital Membership or an All Access Membership waiver (this applies if you already have an active Peloton membership).

After you receive your code, you will be directed to the Peloton website to complete your enrollment.

Our next walking challenge, “Across The USA” will start on October 20th. This will be a Team challenge.

You are invited to stay active, healthy and have a little fun along the way in this activity challenge.

Your goal is to walk 6,500 steps a day during the challenge, from October 20th to December 19th.

More information will be emailed out soon.

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

Jack Cassidy Virginia Dennerlein Elena Klarberg Christine Grispart Christopher Lazzaro Kenneth Hofsommer Michael DeBenedetto Candace Deosingh George Livanos Joseph Valveri Dave DePiero Joseph Shannon Jerome Fusco Deborah Diamond Deloris Maple Alec Marceles

July 1 July 1 July 1 July 2 July 3 July 6 July 9 July 9 July 9 July 11 July 13 July 14 July 22 July 24 July 31 July 31

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

Michael Amoresano Alan Grajeda Gladys Lombos Agata Majdanska Mayank Shah Michael Albert Ardit Pervizi Rouba Rached Tracy Melio Kavita Rathod Nicole Tross Angelo Straface Patrick Brady Frank Centrella Harper Garrett Anna Malafis Tais Grebowiec Melissa Bollinger Kyle Stawicki Jonathan Yassa

August 2 August 2 August 5 August 5 August 5 August 6 August 8 August 8 August 15 August 15 August 16 August 16 August 18 August 18 August 21 August 27 August 28 August 30 August 30 August 30

September Birthdays We'd like to wish a happy birthday to the following team members who have or will celebrate a birthday in September.

George Charne Joshua Chananie Igor Petrovic Brandon Pasapane Rosemarie Perry Amal Shanaa Muhammed Khaled Euna Choi Lisa Meyers Erik Hanson Lisa Dinozzi

September 1 September 3 September 8 September 17 September 17 September 19 September 23 September 26 September 26 September 28 September 30

Adam Feldman

September 30

ANYTHING TO ADD? Email marketing@saxllp.com