2021 May/June Sax BUZZ

THE BUZZ

MESSAGE FROM JOE DAMIANO

Team, We have successfully completed this year’s performance evaluations, and I thank everyone for their time and commitment to the process. These evaluations are an important tool for our firm, and benefit both our team members and Sax leadership in recognizing quality work and areas of improvement. This process also allows us to set clear expectations for the future, and ensure we are unified in our direction forward.

On behalf of all Sax partners, I am very proud to announce the internal promotions of 20 team members, effective July 1, 2021.

As the firm continues to grow, the promotion of our team members who demonstrate results and a positive work attitude strengthens the foundation of Sax in all areas. These rising leaders continue to align with the firm’s high standards and core values – Respect, Integrity, Commitment and Excellence – and we appreciate their hard work and dedication to our firm.

Nothing gives us greater satisfaction than seeing our people grow and prosper.

Please join me in congratulating the following team members on their new roles:

A & A Senior Manager Nimra Ahmed Joe DeBarr Elena Klarberg Joe Saverino A & A Manager Stephen Tellian Maggie Krowka Michael Albert Lisa DiNozzi Matt Goldstein Jessica Vidal A & A Senior Associate Ethan Grubman Alan Grajeda Paige Zawislak Michael DeBenedetto Tax Senior Manager Mat Giordano Erick Morillo Tax Manager Louis Calamunci Gayle Boeckstiegel Tax Senior Associate Candace Deosingh Controller Zachary Adler We wish our colleagues continued success in their new positions and in the advancement of their careers here at Sax. I hope that everyone is enjoying the start to their summer and I look forward to seeing more of you in the office as we begin to return in July.

In preparation for fully returning to our Parsippany office, we encourage you to reference our Welcome Packet which serves as a guide and includes helpful information with regards to traveling to the office, signing into the office, seating charts, amenity maps and more.

View the WELCOME PACKET here

For any questions or additional clarity needed, please reach out to Sharon Bleibtreu, Director of Human Resources at sbleibtreu@saxllp.com or Virginia Dennerlein, Firm Administrator at vdennerlein@saxllp.com.

RETURN TO OFFICE UPDATE

Effective Friday, May 28th, New Jersey lifted the mask mandate and social distancing requirements within indoor spaces. The state is asking for “personal responsibility” with regards to an individual’s safety and the safety of others.

The CDC continues to recommend that only fully vaccinated people go maskless; private businesses may continue to require masks and social distancing.

In light of NJ’s announcement, effective Friday, May 28th, Sax will not require fully vaccinated* team members to wear a mask in the Parsippany and Pennington office. Team members who are not fully vaccinated will still need to wear a mask and practice social distancing.

If you have been vaccinated, or once you become fully vaccinated, it is required by our firm that you complete the Vaccine Reporting form and submit to HR. The Parsippany office building will no longer require vaccinated people to wear masks in the common area. Please comply with all building requirements.

Additionally, if any of our team members would like to continue wearing masks, they of course may do so and everyone should respect that choice. We will be updating our protocols, which you should consult and can be found on SharePoint.

Please see our updated Return to Office Guidelines for more information.

FIRM ANNOUNCEMENTS

Congratulations to Joseph A. Damiano who was named to NJBIZ’s Accounting Power 50 list for the second straight year. This list recognizes the most influential men and women in the profession who have demonstrated time and again the sort of forward thinking and professionalism that businesses need to operate at a high level.

Read all about it here.

Congratulations to Missy O'Shea who was named an Ovation Award winner by the NJCPA for her exemplary efforts and stellar achievements advancing New Jersey’s accounting profession.

Missy was specifically named to the WOMAN TO WATCH category which recognizes leadership, potential, contributions, and commitment to fostering the success of colleagues.

Congratulations to Sax Wealth Advisors on their #43 ranking on the "Wealth Magnet" list of the Top 150 Firms by Assets Under Management by Accounting Today.

See the full list here.

FIRM ANNOUNCEMENTS

Congratulations to Joy Matak on her election to the Board of the Estate Planning Council of Northern New Jersey.

Congratulations to Anthony Sanchez on passing his CPA exams!

Congratulations to Ermal Luzaj and his wife on their new baby girl! Brianna Luzaj was born on May 22nd at 8lbs, 1 ounce and 20 ½ inches long. We wish the Luzaj family the best!

BUSINESS DEVELOPMENT RECENT WINS (May 5 - June 30)

SAX TOTAL WINS

$2,820,700

SCA TOTAL WINS

$5,250,000

NEW CLIENT WINS Jeffrey D. Marks Esq. PC Community Day Nursery

S2 TOTAL WINS

$233,490 ENGAGEMENT TEAM Matthew Goldstein Elena Klarberg

Ryan McRandal

Tod Christianson

Enexia Specialty

Ermal Luzaj

ONUG, LLC

Ermal Luzaj

Berje Inc.

Joshua Chananie

VUC Inc.

Jennifer Moroz

ExterNetworks, Inc.

Ermal Luzaj

Meli Plumbing and Heating, Inc.

Ermal Luzaj

Centron Enterprises

William Happe

The Henson Group

Jerome Fusco

Stone Gate Capital

Todd Polyniak

Jon Delson

Kyle Stawicki

BTX Technologies

Jerome Fusco

YMCA Camp Mason

Marqus White

AKS International (Sale)

Michael Curry

Silver Point Beach Club Inc

Erick Morillo

Sun & Surf Beach Club Inc

Erick Morillo

NEW CLIENT WINS

ENGAGEMENT TEAM

Surf Point Corporation

Erick Morillo

Viks XS Services

Ermal Luzaj

Agri Beef

Al Traverso

Judy Z's Sports Tavern & Kitchen The Red Oaks School

Christopher Lazzaro Al Traverso

Branch to Branch Tree Service Corp

William Happe

Arc of Union-S2 Solutions

Todd Polyniak

Ricardo Carter MD LLC

Debbie Nappi

New Jersey Cancer Care, PA

Debbie Nappi

Barclay Street Housing, LLC

Joshua Chananie

PerformLine Inc

Joshua Chananie

Hamid Nassery DMD PA Everwipe SuperStructures Dr Ann Marie Comandatore / Gruenwald and

John Murphy Joseph Shannon Jerome Fusco Sue Reed

Comandatore PA Daniel Samadi MD PC Kathleen Wilson Alex and Ani Crosby Flanders LLC

Debbie Nappi Kathleen Alexander Chris Gaffney Jason Borofsky

HUMAN RESOURCES

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

Alexandra Celentano Kavita Rathod Donna Finale Christian DeLorenzo

Marketing Coordinator | Parsippany | 5.24.21 Tax Manager | Parsippany | 6.16.21 Stat Typist/Proofreader | Parsippany | 6.29.21 Sax WA Intern | Pennington | 6.29.21

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

John Lee Daniel Lubat Anthony Joseph

A&A Associate | Parsippany | 5.7.21 A&A Associate | Parsippany | 5.14.21 Tax Manager | Parsippany | 5.14.21

Gabriella Marriello

Stat Typist | Parsippany | 5.17.21

Rosemarie Garcia

CSA | NYC | 5.18.21

Jessica Peralta

Marketing Coord. | Parsippany | 5.20.21

Briana Pisauro

Talent Acquisition Specialist | Parsippany | 6.25.21

Jennifer Burczynski

Scheduling & Training Coord. | Parsippany | 6.30.21

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: 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

Listen Here

Special Guest: Jerome Fusco Leader, Sax Investment Banking

Topic Focus: State and Local Tax Release Date: 5.24.21

Listen Here

Special Guest: Kevin Sohr, MST State and Local Tax Specialist

Topic Focus: Estate Tax Update Release Date: 5.10.21 Special Guest: Joy Matak, JD, LLM Co-Leader, Trusts & Estates

Listen Here

View our news issue of the Sax FOCUS Newsletter here

APPLICATION WINDOW NOW OPEN! 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 pass the application package found below for them to submit by July 30, 2021.

2021 Founders' Award Application Package

For questions, we invite you to watch our webinar presentation that discussed this year’s Award theme, application timeline and more.

Watch it here.

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

Robert Hopper

June 2

Ermal Luzaj

June 2

Sharon Bleibtreu

June 3

Adam Holzberg

June 3

Todd Polyniak

June 3

Matthew Mareiniss

June 4

Elizabeth Trantina

June 13

Kelita Sookhoo

June 14

Anna Vilinsky

June 14

John Murphy

June 16

Jason Borofsky

June 17

Michael Benguigui

June 20

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

Jack Cassidy

July 1

Virginia Dennerlein

July 1

Elena Klarberg

July 1

Christine Grispart

July 2

Christopher Lazzaro

July 3

Kenneth Hofsommer

July 6

Michael DeBenedetto

July 9

Candace Deosingh

July 9

George Livanos

July 9

Joseph Valveri

July 11

Dave DePiero

July 13

Joseph Shannon

July 14

Jerome Fusco

July 22

Deborah Diamond

July 24

Kevin Sohr

July 27

Deloris Maple

July 31

Alec Marceles

July 31

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.

Click here for an example recycling program you can do from home!

Read more about TerraCycle here.

ANYTHING TO ADD? Email marketing@saxllp.com