March BUZZ 2022

THE BUZZ

MESSAGE FROM JOE DAMIANO

Team, First and foremost, as we continue to work this busy season deadline, many hours and efforts are being spent going above and beyond our standard call of duty and we thank you for stepping up to address this year’s unique set of challenges.

We’ve been doing a great job exceeding our clients’ expectations and delivering superior services and results. Whether this is your first tax season with Sax or your 20th, we are truly grateful for your hard work and dedication.

We’ve also done a great job working to educate team members, clients, prospects and COIs on the updates and new information that continues to be released that impacts us. We must continue to have helpful and reassuring discussions with clients and further demonstrate our role as their valuable business advisor – now more than ever.

For some exciting news, Accounting Today has ranked Sax #87 on their list of “Top Accounting Firms” in the country and as a “Regional Leader”. That moves us up 8 spots from last year (#95)!

Our team is certainly the main component to our success, and we thank you again for your dedication to Sax and all that you do on a daily basis.

We will be closing the firm at 12 pm on April 21st and entirely on April 22nd as a big thank you for everyone’s hard work and dedication this busy season.

All my best,

HUMAN RESOURCES

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

Alexa Tambasco Associate Wealth Advisor Parsippany/Pennington | 03.07.22

Alexa graduated from Ithaca College with a degree in Business Administration and a major in Finance.

She starts as an Associate Wealth Advisor at the Parsippany office effective March 7th, 2022.

Fun fact: One of Alexa's favorite hobbies is to watch horse racing. In the summer, she enjoy spending weekends up at Saratoga Race Course and is looking forward to attending the Kentucky Derby this Spring.

Kameitra Carter Client Service Associate Parsippany | 03.28.22 Cang Vu Tax Associate Remote | 04.01.22 Tyler Goodspeed, CPA Tax Manager Remote | 04.01.22 Grecia Fontanez Client Support Associate-SaxWA Remote | 04.18.22 Julie Press, CPA Tax Manager Remote | 04.21.22

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

Samuel Aghassi Tax Associate | Parsippany | 03.01.22 Deep Khurana Tax Associate | Parsippany | 03.15.22 Muhammed Khaled Tax Associate | NYC | 03.15.22 Harper Garrett A & A Senior Manager | Parsippany | 03.18.22 Hulya Angun Tax Associate | Parsippany | 03.18.22

Great Cards Edward Cooper deserves a Great Card because he has stepped up to provide technical expertise on a number of trust clients that we serve. He has a terrific attitude and approach.

Euna Choi deserves a Great Card because she has a terrific attitude and continues to perform highly. She discovered a balance sheet discrepancy on two related returns, which is especially impressive considering the fact that she was not working on them simultaneously. She has stepped up during busy season.

Adam Carcione deserves a Great Card for being an absolute life-saver during busy season. He deals directly with the clients which takes the stress of our plates and gets things done quickly and responds late when someone needs to be added to GFR real quick for publishing.

Great Cards

A big thank you to Ella Valdes and Elena Klarberg who were all instrumental in meeting all of our client needs and deadlines!

Mayank Shah worked late hours to help to correct a return for a client that is outside his responsibility.

He also trained team members so they could understand how to handle it in the future, which is a great example of knowledge transfer.

Candace Deosingh went out of her way to help resolve a very difficult tax filing issue on a client that she does not serve. We are beyond grateful for her skills in navigating this issue, as we would not be able to file these returns without her guidance and expertise.

To all the members of our Business Services Group for your outstanding work so far this year!

Despite departmental staffing issues, delays created by our filing agencies, and an ever-growing amount of work, the BSG team continues to support our Firm with Excellence, Diligence and Speed.

Jason Battista Lorena Bounds Jessica Gutierrez Gail Hughes Keysha Kennedy Autumn Konke Deloris Maple

Lisa Meyers Anthony Morreale Cheryl Papay Rosemarie Perry Moniquea Prato Laura Splendoria Sandy Tufaro

FIRM ANNOUNCEMENTS

Sax LLP is proud to announce its inclusion on Accounting Today’s 2022 “Top 100 Firms”, jumping 8 spots to #87 this year. In addition, Sax ranked as #17 Top Mid-Atlantic Firm.

With all your support, we raised $6,630 to benefit those in Ukraine.

FIRM ANNOUNCEMENTS

Click here to register

BUSINESS DEVELOPMENT RECENT WINS A/O FEBRUARY 28

NEW CLIENT WINS Global Waste Industries, Inc. Velocity Chiropractic and Sports Rehab Iconic Wellness and Provisioning NJ

ENGAGEMENT TEAM Al Traverso Sue Reed Todd Polyniak

South Jersey Glass & Door

Leon Grassi

Forte Construction

Ermal Luzaj

White House Furniture Detrapel, Inc. Asymmetric Labs Inc. The Vaghasia Group Telemetrics Inc. RC Bloom Group

Debbie Nappi Josh Chananie Shivani Jain Joshua Chananie Frank Centrella Igor Petrovic

Green Flamingo LLC

Todd Polyniak

Siciliano Landscape Company - Sale

Michael Curry

Besfoods Corp.

William Happe

Koch Modular Process Systems, LLC

Joseph DeBarr

MESSAGE FROM IT

Cyberattacks increasingly seem to target large-scale US infrastructure. The Biden administration has focused on shoring up US cyber defenses in recent months to protect against overseas attacks, including government entities and major businesses. But vulnerabilities always exist, and all it takes is one breach.

Please be careful when reading your e-mail messages. This includes clicking on any weblinks or opening attachments of messages that look obviously bogus or suspicious.

Please keep your Internet surfing habits to work-related websites. Prohibit downloading any applications, games, etc. Only access documents from Firm approved document portals, i.e., GoFileRoom, Client Portal, etc.

DON’T TAKE THE BAIT AVOID THE HOOK

DATASNIPPER

Ever run into any issues or have any questions about DataSnipper?

Check out DataSnipper's Knowledge Base to access resources about the platform along with the Use cases section to learn how to use the program more efficiently.

2022 BUSY SEASON Guidelines & Reminders

Tax February 7 to February 18 – 50 Charge Hours Per Week February 21 to April 15 – 55 Charge Hours Per Week

A&A Managers/Senior Managers – Busy season goal is 520 chargeable hours for the 13 week season from January 17 to April 15 Associates/Senior Associates – Busy season goal is 650 chargeable hours for the 13 week season from January 17 to April 15 All team members will continue to take a one-hour lunch break during the busy season.

The core hours of the office are from 8:30am to 5:30pm, M-F Paid Time Off cannot be scheduled: For the A&A team from January 10 to April 15 For the Tax team from February 7 to April 15

Reminders Knowledge transfer and training (i.e., training so work can be given to seniors and associates) Business Managed and/or Engagements worked on Client service (Client Service Delivery Model) Realization; attainment of budget Technical expertise and growth TEAMS Meetings - Some individuals will be working remotely on engagements. Please set up a Teams Meeting for the days of your engagements, so everyone on the engagement, no matter where they are, can interact like you would if the team were all in the same room.

Release Your Time Daily - We can’t stress enough the importance of releasing your time daily so managers can monitor progress on the job

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

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: State and Local Tax Release Date: 1.17.22

Listen Here

Special Guest: Edvin Givargis, CPA, MST Head of Sax’s State and Local Tax Practice

Topic Focus: Business Valuations Release Date: 12.13.21

Listen Here

Special Guest: Megan Sartor, CPA, ABV, CFF Head of Sax' Valuation, Forensic, and Litigation Practice

Topic Focus: Cryptocurrrency Release Date: 10.28.21 Listen Here

Special Guest: Shivani Jain, CPA, MST Head of Sax’s Tax Department and Cryptocurrency Practice

Application opens April 4, 2022 Sax is thrilled to once again offer local non-profits the chance to apply for and win a $15,000 unrestricted gift to support their organization’s mission through the firm’s beloved Founders’ Award.

If you know of a non-profit that should apply, please forward their email address to FOUNDERSAWARD@saxllp.com by April 3 so they can be provided with the application package to submit.

Wajia Zaman Donald Ventriglia Debra Karacsony Matthew Goldstein Michael Rolls Susan Reed Jane Zuroff Chris Gaffney Carole Lombardi Jeffrey Halverson Ryan Fidlow Julia Prager Eric Seidman Stuart Berger Vincent Gaspari Jeff Holt Jia Xiang (Jay) Wu Vadim Bendersky Kelly Behrens Helena Lynch

03/01 03/03 03/05 03/06 03/06 03/07 03/07 03/08 03/08 03/09 03/12 03/14 03/15 03/20 03/20 03/21 03/22 03/24 03/26 03/30

April Birthdays Kathleen Rutch Rachelle Brown James Moore Joseph Damiano Adam Apidopoulos Jennifer Tosi Daniel Davidson Nomaan Ali Nicole Sinatra Luke Dunn Diana Djuric Suzanne Yang Missy O'Shea Peter Calicchio

04/01 04/02 04/02 04/04 04/05 04/09 04/14 04/17 04/18 04/19 04/23 04/25 04/29 04/30

ANYTHING TO ADD? Email marketing@saxllp.com