2020 - 9 SEPT BUZZ

THE BUZZ

MESSAGE FROM OUR MANAGING PARTNER

Team, It’s hard to believe we are now entering the 4th quarter of 2020. It seems like it was just yesterday we entered the new year and our new, unprecedented challenges were unfolding. Yet in a similar vein, we’ve been through so much and it’s been a long journey.

As we approach the October 15 deadline, we can look back at the successes that we had in this unusual tax season and be proud of how we took care of business and delivered upon our promises to clients of superior client service. A time such as this is when true advisors emerge, and if we can find any silver lining, it is that we have demonstrated our worth as we helped our clients face these troubles head on.

We are working hard to ensure a speedy and safe return to our offices in the next few months. I look forward to finally returning to some sense of normalcy although I doubt our working world will ever be the same. As we move forward, we can feel secure knowing we have the infrastructure – whether that be our personnel, our technology or the foundation of our client service model – to weather any storm that comes our way.

I hope that you and your family continue to stay safe, and I sincerely thank you for your dedication to our firm and those we serve.

Joseph A. Damiano

ANNOUNCEMENTS | REMINDERS

Sax Savings and Investment Plan

We are pleased to announce Sax’s contribution of $942,608.87 to the Sax Savings and Investment Plan on behalf of all eligible employees effective September 14, 2020. This includes two retirement benefit programs offered by the firm: a 401(k) matching program and a 3% profit sharing contribution.

Eligible employees can log into their Alerus account to view amounts credited for the 2019 plan year. Please see the Employee Handbook for more information and eligibility requirements about these benefits.

Kathleen Alexander accepted Sax’s award as a “Champion of Good Works”. Sax was chosen by CIANJ for this honor due to our on-going commitment to St. Joseph’s Children’s Hospital.

Congratulations to Kathleen Rutch on her inclusion on Crain’s 3rd annual “Notable Women in Accounting & Consulting” list for New York City based on her career accomplishments, mentorship of others and involvement in nonprofits and community organizations. 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 Amanda Malko Cindy Bauer

Partner of QC | Parsippany | 9.16.20 Scheduling & Training Coord. | Parsippany | 9.16.20 Senior Tax Associate | Parsippany | 9.21.20 Accounting & Collections Coord. | Parsippany | 10.05.20

BUSINESS DEVELOPMENT RECENT WINS (September 3 - October 2)

TOTAL WINS YTD

TOTAL RECURRING WINS YTD

$2,899,250

$2,017,050

NEW CLIENT WINS

ENGAGEMENT TEAM

1. Eden II Programs

Todd Polyniak

2. AUA Indulge Corp

Chris Gaffney

3. FNA Inc.

Chris Gaffney

4. G Squared Electric LLC

Mike Curry

Great Cards We'd like to acknowledge the hard work and dedication of these team members with their participation in the pilot program for our Orb implementation. They put in extra hours to learn and apply the new software and their insights are instrumental in the training for the rest of the firm.

Nimra Ahmed

John King

Jessica Vidal

September Frank Centrella CPA Frank joined the Sax team in October of 2017 and currently serves as a Tax Director and Head of the firm's Tax Controversy Department.

He serves clients in a variety of industries and enjoys collaborating with the different departments within the firm.

George Charne, CPA George joined the Sax team in November of 2017 and currently serves as a Senior Manager in the firm's A&A Department. He specializes in Employee Benefit Plan audits and strives to be a resource to the clients he serves.

Read more about Frank and George in our Q&As here.

September Birthdays

We'd like to wish a happy birthday to the following team members who had celebrated a birthday in the month of September.

George Charne

September 1

Joshua Chananie

September 3

Igor Petrovic

September 8

Brandon Pasapane

September 17

Amal Shanaa

September 19

Muhammed Khaled

September 23

Anthony Montanari

September 24

Lisa Meyers

September 26

Erik Hanson

September 28

Lisa Dinozzi

September 30

Adam Feldman

September 30

October

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

Carolyn Conforti

October 1

Breana Maher

October 2

Guy McPhail

October 2

Nick Kontos

October 3

Elliot Koplitz

October 4

Stephen Tellian

October 6

Michael Doyle

October 7

Elizabeth Dwyer

October 12

Jason Battista

October 16

Sandy Sarapoulos

October 18

Craig Cassano

October 21

Daniel Lubat

October 23

Michelle Van Soest

October 25

Michael Mongelli

October 28

Annette Marzigliano

October 29

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

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

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.

October Pumpkin Carving Contest!

IT’S THE SEASON OF PUMPKIN CARVING AND WE WANT TO SEE WHAT YOU GOT! TAKE A PHOTO OF YOUR BEST WORK AND SUBMIT TO JPERALTA@SAXLLP.COM

BY FRIDAY, OCTOBER 30.

ALL SUBMISSIONS WILL BE FEATURED IN THE NEXT BUZZ AND THE WINNER WILL RECEIVE A $25 GIFT CARD. ALL SUBMISSIONS WILL BE JUDGED ON CREATIVITY AND EXECUTION.

Don't forget to join our

MONTHLY VIRTUAL HAPPY HOURS Led by Michael Rolls and Matt Goldstein THURSDAY, OCTOBER 22 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