***Fallout from Brexit in the near term is likely to include greater movement of financial acitivity (including insurance) to other countries in the E.U. due to favorable E.U. policies.
Outflow of capital and multinational professionals can further result in a diminished investment sector and lower real estate prices as demand for housing is reduced.
Drop in values does create U.K. inbound investment opportunities, especially for cash-rich offshore investors.
U.S. exports of goods, however, may suffer as the ability to buy can diminish. Interest rates in the U.K. could also rise; further augmenting this result.***
New York Accounting Industries - Construction and More

INDUSTRIES

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

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

NEWS

Carl Oliveri of Grassi & Co. Announced as the Secretary/Treasurer of CICPAC

_0007_Carl-Oliveri_small-200x300July 21, 2016—Jericho, NY–Carl Oliveri, CPA, CCIFP, CFE, Partner-in-Charge of the construction practice of Grassi & Co., has officially been named the Secretary/Treasurer of the Construction Industry CPAs/Consultants Association (CICPAC) effective August 1st.

CICPAC is a national association of accounting firms who serve over 9,000 construction companies by providing educational programs and opportunities for members to engage through various technology avenues, as well as in-person events. Membership is exclusive to those who demonstrate proficiency in construction, according to their website.

“Being an integral part of such an exclusive association of national construction accountants is a great honor for me. It is a testament to the Grassi & Co. brand and the clients we serve,” said Oliveri. “I look forward to my service to CICPAC and continuing to bring cutting edge solutions to the Grassi & Co. construction clients.”

Oliveri possesses over 18 years of experience working with clients in the Construction Industry, particularly with regards to financial statement preparation, income tax preparation, cash flow and operations forecasting as well as litigation and cost claim support with related negotiations. His extensive industry experience allows him to provide insight and advice to construction clients on marketplace trends and best practices.

Carl earned his Bachelor of Science in Accounting and his Masters of Business Administration with a concentration in Management from the York College of Pennsylvania.

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About Grassi & Co.: Grassi & Co., the 73rd largest firm in the U.S., is a premier professional service organization specializing in accounting, auditing, tax, technology, and business consulting services. Grassi & Co. has offices in Manhattan, Long Island and Rockland County, NY as well as internationally through its association with Moore Stephens International. Grassi & Co. specializes in professional services for the Not-for-Profit, Construction, Architecture & Engineering, Financial Services, Life Sciences, Manufacturing & Distribution, Retail, Technology, Media & Telecommunication, Transportation, Energy & Natural Resources, and Healthcare industries, among others.

Grassi & Co. Announces the Grassi Emerging Manager Success Program (GEMS)

New York, NY – July 12, 2016 – Grassi & Co. is proud to announce the addition of the Grassi Emerging Manager Success Program (GEMS).

With investors emphasizing infrastructure and regulators instituting mandatory reporting practices, additional cost pressures exist while access to information can be fragmented and erroneous. The professionals of Grassi & Co. realize the increasing pressures a new fund manager can face and instituted the GEMS Program as a way to provide emerging managers’ access to the services they require at launch, and during their initial growth stages—maximizing their potential for success.

Heading up this new initiative is a new addition to the Firm, Brenda Mauro, Director, Financial Services. With over 17 years of experience in the Alternative Investment Services Industry, Brenda has a significantly focused background in alternative investments, dealing with hedge funds, funds of hedge funds, private equity, and family offices and service providers to the financial community.

Grassi & Co.’s GEMS PROGRAM offers flexible packages that afford fund managers the ability to collaborate with and engage distinguished industry professionals in the accounting, assurance, administration, tax, legal, banking, prime brokerage, marketing and consulting arenas.

Our GEMS Program services include:

SUCCESS LEADERSHIP FOR START-UPS

  • Consult with GEMS Program specialist
  • Fee structure reviews
  • PPM and other agreement reviews

ASSURANCE

  • Audited financial statements
  • Performance reporting examinations
  • Procedure reporting

TAX

  • Investor K-1 preparation
  • Tax planning on investment transactions
  • Prepare tax returns for investment entities, management entities and general partner/managing members
  • Provision of tax estimates for investors
  • Assist in ASC 740 (FIN 48)
  • Federal and State residency reporting
  • Liaise with auditors

COMPLIANCE

  • Initial registrations
  • Various risk reporting

FUND ADMINISTRATION (offered through Grassi Fund Administration Services, Inc. (GFAS))

  • Maintain books and records utilizing Advent Geneva®
  • Financial Statement preparation
  • Cash and portfolio reconciliation
  • Computation of performance returns
  • Treasury services
  • Full Investor Services program including subscriptions, redemptions and allocations utilizing Advent World Investor

GEMS PROGRAM PARTNERS

  • Accounting and Tax Professionals
  • Attorneys
  • Prime Brokers
  • Bankers and Custodians
  • Technology Platforms
  • Third Party Marketers
  • Incubators and Seeders

The Financial Services experts of Grassi & Co. provide the knowledge and expertise needed for the success of your fund. Given today’s challenging and unprecedented economic and regulatory environment, it is critical for financial services firms to engage an advisor that understands their complex industry and business issues. Our team of qualified professionals have consistently provided guidance and support to its financial services clients for over 35 years, across a wide range of investment vehicles. Our Financial Services Team is committed to providing you with the highest quality assurance, accounting, tax and business advisory and administration services. We are a PCAOB registered and inspected firm and have serviced over 250 financial services clients spanning investment entities of all types, including investment partnerships, broker dealers and registered investment advisors.

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About Grassi & Co.: Grassi & Co. is a premier professional services organization specializing in accounting, auditing, tax, technology, and business consulting. Grassi & Co. has been ranked the 17th largest Accounting Firm in New York by Crain’s New York and the 7th largest by Long Island Business News. It was also ranked the 73rd largest in the U.S. by Accounting Today and the 74th largest by INSIDE Public Accounting. They have offices in Manhattan, Long Island and Rockland County, NY as well as internationally through its association with Moore Stephens International. Grassi & Co. specializes in professional services for the Not-for-Profit, Construction, Architecture & Engineering, Financial Services, Life Sciences, Manufacturing & Distribution, Retail, Technology, Media & Telecommunication, Transportation, Energy & Natural Resources, and Healthcare industries, among others.

 

 

Grassi & Co. Welcomes Robert Devine as Partner in the Consulting Practice

image001New York, NY – July 11, 2016 – Grassi & Co. is proud to announce that Robert Devine has joined the Firm as a Partner in the Consulting Practice based out of the New York City office.

With over 35 years of general management, marketing and financial experience in both consumer products and financial services, Robert has a proven track record in building high-performance organizations that deliver great results. He successfully grew and sold his three businesses and started a consulting career focused on organizational effectiveness, strategic planning, turnarounds, designing and implementing growth strategies, instituting lean cultures, creating business alliances and managing sales and acquisitions.  A key area of focus for Robert has been lean continuous improvement, on which he co-authored a book entitled, “Lean Competitive Advantage” – a guide to operating effectively in the new economy.

“Robert’s proven track record in the mergers and acquisitions and strategic planning arenas make him a true asset to our clients,” said Managing Partner and CEO of Grassi & Co., Louis C. Grassi, CPA, CFE. “As a Firm, we continually strive to find new and improved ways to further serve our clients, and by bringing in Robert we have solidified our commitment to servicing those clients in need of Robert’s areas of expertise.”

Robert’s operating experience spans 23 years and his last company was The Hartz Mountain Corporation (largest pet supply manufacturer in the US with $430m+ in annual sales), where he led the management buyout with a major private equity firm.  During his time at Hartz, Robert held lead roles in Operations, Marketing, R&D, and ultimately as President and CEO. Prior to joining Grassi & Co., Robert was a Partner at Sax BST where he led the consulting group for the firm. Robert earned his B.S. in Accounting at William Paterson University and is currently serving on the Board of Directors and or Advisors for eight companies.

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About Grassi & Co.: Grassi & Co. is a premier professional services organization specializing in accounting, auditing, tax, technology, and business consulting. Grassi & Co. has been ranked the 17th largest Accounting Firm in New York by Crain’s New York and the 7th largest by Long Island Business News. It was also ranked the 73rd largest in the U.S. by Accounting Today and the 74th largest by INSIDE Public Accounting. They have offices in Manhattan, Long Island and Rockland County, NY as well as internationally through its association with Moore Stephens International. Grassi & Co. specializes in professional services for the Not-for-Profit, Construction, Architecture & Engineering, Financial Services, Life Sciences, Manufacturing & Distribution, Retail, Technology, Media & Telecommunication, Transportation, Energy & Natural Resources, and Healthcare industries, among others.

 

 

Top 100 Accounting & Business Consulting Firm

Grassi CPA - Top 100 Accounting Firms - Inside Public Accounting In 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.