Author Archives: admin

Take Advantage of 2011 Bonus Depreciation

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By: Karen A. Goldberg, CPA, Tax Manager In December 2010, the President signed into law the high profile tax bill …

Posted in Manufacturing & Distribution | Leave a comment


Can You Handle That Job?

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By: Richard E. Gavin, CPA, CCIFP, Partner Across the industry, backlogs are shrinking and there are few new projects are …

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The Fair Play Act: Are You Classifying Employees Correctly?

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By: Geri A. Gregor, CPA, Partner, Construction Practice Leader, Consulting Division Leader The New York State Fair Play Act went …

Posted in General | 1 Comment


New Standards for Multi-Employer Pension Plans

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By: Stephen J. Mannhaupt, CPA, Partner Last year, the Financial Accounting Standards Board (FASB) issued an exposure draft that would …

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How Special Needs Organizations Can Avoid an OMIG Audit: Part II

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By: David M. Rottkamp, CPA, Partner, Not-for-Profit Practice Leader David M. Rottkamp will be hosting a webinar on this topic …

Posted in Not-For-Profit | 2 Comments


Operational Reviews

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By: Geri Gregor, CPA, Partner, Construction Practice Leader and Consulting Division Leader   Recognizing problems within an organization is the …

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Benchmarking for Medical Practices

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By: John V. Pellitteri, CPA, Partner and Healthcare Practice Leader & Anne M. Dunne, RN-BC, MBA, MSCN, Director of Healthcare …

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“Successful Management of a Neurology Infusion Practice” by Grassi & Co.’s Director of Healthcare Consulting Anne Dunne

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Grassi & Co.’s Director of Healthcare Consulting Anne Dunne recently co-authored an article entitled “Successful Management of a Neurology Infusion …

Posted in Healthcare | 3 Comments


Richard E. Gavin, CPA, CCIFP, Partner

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As an active philanthropist, Partner Rick Gavin is heavily involved with Family Service League.   Grassi & Co.: How would you …

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The ABC’s of Estate Planning

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In order to understand estate planning it is best to understand what an estate is.  An estate is a person’s …

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New Residency Case Causes Confusion

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By: David A. Shuster, JD, LLM, Director of Tax Controversy Services A taxpayer not domiciled in New York may still …

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MedPac Recommendations on Advanced Imaging Procedures: Reduced Reimbursement and Prior Authorization

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By: John V. Pellitteri, CPA, Partner and Healthcare Practice Leader & Anne M. Dunne, RN-BC, MBA, MSCN, Director of Healthcare …

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Asset Purchase Agreements – Inventory Considerations

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By: Eric Martinez, JD, CPA, Audit Partner Acquiring a business is often a seminal decision for the executives or owners …

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FASB Update: Breaking News

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By: Stephen J. Mannhaupt, CPA, Partner At Grassi & Co. we believe that keeping our clients and service providers up-to-date …

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How Special Needs Organizations Can Avoid an OMIG Audit: Part I

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By: David M. Rottkamp, CPA, Partner, Not-for-Profit Practice Leader This is a two-part article specifically highlighting the preventative measures your …

Posted in Not-For-Profit | Leave a comment


IC-DISC: Tax Savings for Exporters

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By: Robert E. Grote, CPA, Partner, Manufacturing & Distribution Practice Leader IC-DISC? This is an acronym for Interest Charge – …

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Is It Time To Hire A CFO?

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Growing construction companies are faced with financial obligations every day, and managing them requires a two-pronged approach: Making the right …

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E-Prescribing: Will You Be Successful by June 30, 2011?

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By: John V. Pellitteri, CPA, Partner and Healthcare Practice Leader & Anne M. Dunne, RN-BC, MBA, MSCN, Director of Healthcare …

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Grassi & Co. Gives Back: National Multiple Sclerosis Society, Long Island Chapter

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In addition to their well-known and respected client service, the Partners at Grassi & Co. are actively involved in giving …

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IRS Extends 3% Withholding Deadline Until End of 2012

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The IRS will not be enforcing the 3% withholding on payments from government entities to contractors until December 31, 2013.  …

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Will the FASB’s Pending Disclosure Requirements for Withdrawal Liability Affect the Way You Do Business?

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By: Steven Goldstein, CPA, Partner Last summer, the Financial Accounting Standards Board issued an exposure draft proposing new rules with …

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Why 2011 is the Perfect Year to Invest in New Equipment

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The Federal Government is offering a “tax sale” for 2011 whereby new equipment purchased and for use before January 1, …

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Good News for Businesses: Congress to Repeal New 1099 Rules

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When The Patient Protection and Affordable Care Act (aka the “Healthcare Bill”) passed last year, a provision that received little …

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Legislative Update: Red Flags Rule No Longer Considers Healthcare Providers to be “Creditors”

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By: Anne M. Dunne, RN-BC, MBA, MSCN, Director of Healthcare Consulting Under the initial Red Flags Rule, certain businesses and …

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Don’t Be Blindsided by the New Wage Theft Prevention Act

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By: Anne M. Dunne, RN-BC, MBA, MSCN, Director of Healthcare Consulting On December 10, 2010, Governor Patterson signed the Wage …

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Employee Stock Ownership Plans: How to Transition Out of Your Business

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By: Richard E. Gavin, GPA, CCIFP, Partner If your business is like most other closely held businesses, you have a …

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Increasing Profitability with Lean Six Sigma

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By: Geri A. Gregor, CPA, Partner, Construction Practice Leader, Consulting Division Leader   All business owners want their organizations to …

Posted in Manufacturing & Distribution | Leave a comment


CMS is Now Screening Providers and Suppliers as of March 25, 2011

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  By: Anne M. Dunne, RN-BC, MBA, MSCN, Director of Healthcare Consulting   It is the continuing goal of the …

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ESOPs: One Effective Tool for Succession Planning

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If your business is like most other closely held businesses, you have a few primary shareholders owning all of the …

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Grassi & Co. Welcomes Anne M. Dunne, Director of Healthcare Consulting!

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Grassi & Co. is proud to welcome Anne M. Dunne to the Grassi & Co. team as Director of Healthcare …

Posted in Healthcare, Profiles | 2 Comments


Unions at a Crossroads

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By: Steven Goldstein, CPA, PFS, Partner Just a few short weeks ago, America’s eyes were glued to the State of …

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Lean Construction: Bringing the Future to the New York A&E Industry

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By: Robert J. Brewer, CPA, CCIFP, Partner and Architecture & Engineering Practice Leader Much has been debated and written about …

Posted in Architecture & Engineering | Leave a comment


Effectively Utilizing Buy/Sell Agreements for Privately-Held Businesses: Part III

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Any privately held company with more than a single owner needs a buy/sell agreement.     Simply put, a buy/sell agreement outlines …

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Grassi & Co. Partner Rob Grote Honored as a Queens Courier Rising Star

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Grassi & Co. Manufacturing & Distribution Leader and Partner Rob Grote, CPA was recently selected as a Rising Star by …

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What “Prevailing Wages” Regulations Mean for You

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By: Reena Panchal, CFE, Consulting Manager Last month a city contractor admitted to a “willful violation” of the prevailing wage …

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Use Audits to Help You Secure Credit and Weather the Recession

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By: Eric Martinez, JD, CPA, Audit Partner As the economy continues to slowly improve and expand, lenders are starting to …

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Grassi & Co. Partners Lead Executive Round Table on the Benefits of Lean Six Sigma

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On Tuesday, January 25th, Grassi & Go. Partners Robert E. Grote, CPA and Geri A. Gregor, CPA joined with Performance …

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The Grassi & Co. Women’s Initiative: Surging Ahead into 2011

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Since its launch in late Summer of 2010, the Grassi & Co. Women’s Initiative has been making great strides in …

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Tax Alert: Avoid Penalties by Submitting Federal Tax Deposits Online

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By: Kimberly O’neil Wilson, Tax Supervisor The IRS has put out a notice that 2010 was the last year in …

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Using Continuous Controls Monitoring to Prevent Fraud

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In the ever-evolving world of complex IT systems and data generation, effective continuous controls monitoring and continuous auditing (CCM/CA) programs …

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Taking Back Control of Your Profit Margins

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By: Greg Pulitano, CPA As manufacturing and distribution companies grow in size and complexity, a common problem that business owners …

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Using Electronic Medical Records to Save Money

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By: John V. Pellitteri, CPA, Partner and Healthcare Practice Leader Take a look around your office.  How much of your …

Posted in Healthcare, Technology | Leave a comment


The ABCs of Forensic Accounting

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By: Reena Panchal, CFR, Consulting Manager To the uninitiated, the term “forensic accounting” can seem arcane and inscrutable.  For many …

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Effectively Utilizing Buy/Sell Agreements for Privately-Held Businesses: Part II

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Any privately held company with more than a single owner needs a buy/sell agreement.     Simply put, a buy/sell agreement outlines …

Posted in Construction | Leave a comment


Growing Pains: Has Your Organization Outgrown It’s Accounting System?

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Have you hit a wall with your accounting system’s capabilities or desire to take your CRM abilities to the next …

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State of the Estate Tax

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Estate planning can be complicated. Aside from planning how to transfer your assets and to whom, there’s the estate tax.  …

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The Grassi & Co. Women’s Initiative

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By: Nicole S. Quinn, Director of Human Resources According to Joanne Cleaver, the founder of Wilson-Taylor Associates, women love public …

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The Difference Between an Audit, Review and Compilation

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By: Stephen J. Mannhaupt, CPA, Partner With the tightening of the credit market, banks and other credit grantors are scrutinizing …

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Senate Looks to Scale Back Impending 1099 Rules in Small Business Bill

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In the June 23 issue of this newsletter, we discussed new 1099 rules contained in the Patient Protection and Affordable …

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Wall Street Reform: How Will it Affect You?

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By: Louis C. Grassi, CPA, CFE, Managing Partner and Ronald J. Eagar, CPA, CCIFP, Partner   In late July 21, 2010, …

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