“Grassi & Co. has always been a pleasure to work with. We run most major business decisions by them and they have served as an excellent sounding board for us through the years. Our team is always going above and beyond, giving us sound, strategic business advice that has helped us save money on our taxes and secure favorable financing when needed.”

John Buck, Owner, Hinck Electrical Contractors, Inc.

© 2010 GRASSI & CO.
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William E. Fischer, CPA

William E. Fischer, CPA, Partner

"One of our clients had a succession plan in place that was going to bankrupt the company. They struggled to find alternatives, so we tailored a comprehensive plan, including an S-Corp employee stock ownership plan (ESOP), along with deferred compensation arrangements. We also structured the plan to provide a comfort level to both their bank and surety. The client spent the same amount of money paying themselves their buyout and deferred compensation as they would have paid to the government (in taxes) and their employees (profit sharing) had they ignored the issue. The company now has the distinct advantage of operating in a tax-free environment, which is the equivalent of taking 40% of their overhead (taxes) and eliminating it."

William E. Fischer is a partner at Grassi & Co. Since starting his career in 1988, he has specialized in business and management consulting, in addition to auditing, accounting and tax planning. Bill works with companies in a broad range of industries, including construction, manufacturing, professional service, distribution, not-for-profit and real estate.  Bill also works with entities in both the private and public sector in high-level capacities, providing forensic accounting, litigation support and expert testimony.

Bill uses his comprehensive knowledge and innovative ideas to educate clients, sureties, banks and other professionals on a variety of subjects, and he written numerous articles on cash flow and budgeting, internal operating efficiencies, profit enhancement strategies and claims consulting.

Bill is an active member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA). To stay abreast of the issues facing our clients, Bill stays active in several industry organizations, including the Subcontractors Trade Association (STA), Queens & Bronx Building Association (QBBA) and the New York Building Congress, where he serves on the membership committee. 

A graduate of Pace University, Bill holds a business administration degree in accounting.