***FASB issued long-awaited Accounting Standards for Not-for-Profit entities on August 18th.
The most significant changes include: Net asset clarification—collapsing three net classes now into two: without donor restriction and with donor restriction;
the presentation of liquidity-relevant information in financial statements;
the requirement of reporting of expenses either on the face of the financial statement or in the notes by function and natural classification.***
New York Accounting Industries - Construction and More


Grassi & Co. is built around a client-centered approach that provides expertise focused on an organization’s specific needs. Our Industry Practice Groups are built around teams of specialists who continuously study the dynamics of their industry in order to make positive business improvements for clients.

New York Accounting Services


Providing services that meet and exceed our clients’ expectations is our top priority. We use a multi-functional approach with industry and subject matter experts who have the knowledge, skills, and experience to provide value-added services focused on bringing clients to the next level of success.

New York Accounting News



The Internal Revenue Service has recently issued Proposed Treasury Regulations which will essentially eliminate the discounting utilized on the valuation of family controlled entities. This includes family-held S or C corporations, partnerships and limited liability companies. These Proposed Regulations dramatically restrict the ability to gift such interests at reduced...

Top 100 Accounting & Business Consulting Firm

2016_IPA-100_WEB2013_Fastest-Growing_ArtworkIn today’s economic environment, Organizations need the proper strategic guidance to help them leverage best practices, maximize profitability, and implement better decision-making.

Each organization is different and deserves to receive personal attention and guidance from experts who understand their business.  Working with advisers who will custom-tailor their services to meet the specific needs of your business, provides value that will translate into savings and growth.  At Grassi & Co., we focus on adding value and offering services that go beyond the traditional financial statement or tax return to ensure
your success.

We are a New York CPA and consulting firm with international capabilities through Moore Stephens International. We serve clients throughout the New York metro area including Manhattan, Long Island, Westchester and Rockland Counties, New Jersey, Connecticut, and Pennsylvania as well as clients across the country and around the world.

Our accounting, tax and business consulting professionals welcome the opportunity to learn about your business and provide you with world class accounting services and business consulting expertise. Grassi & Co. has the experience and skill to help you succeed and achieve your strategic objectives.