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Firm News
Please follow the link below to visit JGS Partner Gary Cassiello’s “Forensic Accounting: What’s In It for Me?” which he presented at the NYSSCPA YCPA Conference in Albany on June 14th, 2011.
Clicking the link below will open the presentation in a new window. Please allow ample time for the PDF to download as it is a rather large file (could take up to five minutes). We also would like to invite you to browse around the rest of our website as well. Thank you!
Click This Link: FORENSIC ACCOUNTING: WHAT'S IN IT FOR ME?
Today, JGS Manager of Taxation Domenick Del Rosso, CPA, MST was elected to the Board of the Mid-Hudson Chapter of the New York State Society of CPAs.
MIDDLETOWN, New York (May 16, 2011) – Judelson, Giordano & Siegel, CPA, PC, is pleased to announce the latest addition to the JGS family, Staff Accountant Ralph J. Martucci.
Mr. Martucci is a graduate of the Susquehanna University in Selinsgrove, Pennsylvania and holds a Bachelor’s Degree in Accounting. He is currently a Certified Public Accountant in the state of Virginia, and currently pursuing his New York State license as well. Ralph brings over 5 years of experience to the firm, including a position with PricewaterhouseCoopers in Washington, D.C., where he specialized in auditing and consulting services for Federal Agencies. He also held a position with Nonprofit accounting firm Tate & Tryon, where he also performed audit and other attest services for Not-for-Profit organizations.
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In 1985, after repeatedly outgrowing their leased office spaces, JGS decided to build their own office. In February of 1986, JGS officially opened for business at their 633 Route 211 East location in Middletown, NY.
“We began as a window shop accounting firm in downtown Middletown with a local client base that was a combination of personal and small business returns,” said Frank P. Giordano, Jr., CPA, Managing Partner. “Today, we serve over 2,000 clients, providing unequaled financial, tax and management consulting services to a national base of clients ranging from small, local businesses to publicly traded corporations.”
Another huge milestone took place at Judelson, Giordano & Siegel this month. William B. Siegel, CPA, a partner of the firm, celebrated the 40th anniversary of his employment at JGS. He began his career on February 1st, 1971, when the firm was known as Judelson, Rosen & Sommerstein, and has been here ever since.
Said Steve Effron, President of Efco Products and long-time client of the firm, "Bill has been a part of the fabric of Efco for the last 4 decades. He is a trusted advisor and has provided us with great advice and insight. We thank him for all of his contributions to Efco’s success as he quickly approaches his 500th monthly visit to Efco."
“I have spent my entire professional career with this firm because I know we provide unparalleled service and guidance to our clients,” said Bill. “When a client comes into my office, they know they are going to get hands–on accounting services matched with business consulting from our team of professionals. As a result, some clients have been with us from the beginning, many have been with us for over 40 years.”
From all of us at Judelson, Giordano & Siegel, we would like to congratulate Bill on this tremendous milestone in his professional career!
On Friday, February 4th, the staff of JGS showed their support for heart disease by wearing red. Our firm is proud to have participated in the 2011 Go Red For Women Day by the American Heart Association. The firm raised $440 to help fight heart disease against women. Per the American Heart Association, heart disease is still the #1 killer of women, claiming 1 in 3 women’s lives. For more information about this event and how you can contribute, please visit their website at www.goredforwomen.org.
Judelson, Giordano & Siegel, CPA, PC is proud to announce their new membership with the Warwick Valley Chamber of Commerce.
During the annual holiday party, the staff members of Judelson, Giordano & Siegel presented the partners of the firm with a $238.00 donation for The Times Herald-Record’s People For People fund. The donation will be made to this charitable organization in the JGS name.
The People For People fund has been helping residents of Orange, Sullivan, and Ulster County NY; as well as parts of Pike County, PA since 1985. Donation information can be found on their website at www.recordspeoplefund.org.
JGS Partner Jason T. Giordano was honored today as a 2010 Orange County Rising Star. These awards recognize individuals between the ages of 21 and 40 who are up-and-coming leaders in their professional and volunteer lives. Congratulations Jason, we are proud of you!
Accountants Domenick Del Rosso and Mistie Knapp gather toys at JGS on behalf of The Young CPAs Committee (part of the NYSSCPAs), for the Toys for Tots drive.
Partners, managers, and staff of the JGS firm attend the 24th Annual Orange County Partnership event on December 7th, 2010. Congratulations to all of the award recipients!
Judelson, Giordano & Siegel, CPA, PC, is pleased to announce the latest addition to the JGS family, Staff Accountant Julie J. Rappa.
Julie is a graduate of the State University of New York at Albany, and holds a Bachelor’s Degree in Accounting, with a minor in Business Administration. She brings with her over 20 years of experience, including a position with Big 4 Accounting Firm Deloitte Touche Tohmatsu (formerly Deloitte & Touche) as a Senior Tax Accountant.
Bonnie J. Orr, CPA, a partner at Judelson, Giordano & Siegel, CPA, PC was a panelist at last night’s seminar on Charitable Tax Planning Strategies (Planned Gift Options & Opportunities). Her portion of the presentation covered Charitable Remainder Trusts and Charitable Lead Trusts. Also in attendance were JGS employees Andrei Adams, Douglas Graber, and Manager Robert Unger. The seminar was sponsored by the SullivanArc Foundation, the Women’s Bar Association of Orange and Sullivan Counties and the Mid-Hudson Chapter of the New York State Society of CPA’s.
JGS is pleased to announce the addition of Christina M. Kleiner to the firm as their Marketing & Client Development Coordinator.
Christina is a graduate of the State University of New York at Albany, and holds a Bachelor’s Degree in Marketing/Economics. She also brings years of experience and a proven track record of success in marketing and sales, which will be invaluable in achieving JGS’s goals and objectives for growth and expansion. Managing Partner Frank Giordano, Jr. stated, “In this time of economic distress, we realize it is important now more than ever to allocate more resources towards our marketing efforts. We are excited to have Christina join our team, and believe she can assist JGS in attaining that next level of success.”
Jason T. Giordano, a partner at Judelson, Giordano & Siegel, CPA, P.C. attends Healthcare conference in NYC on September 21, 2010. The annual conference focused on Accounting and Auditing, Medicare, Long-Term Care and Merger and Acquisition activity in the healthcare industry. The conference included keynote presenters on healthcare reform and New York State providers.
On June 25, 2010, Gary Cassiello, CPA, ABV, CFF did a presentation at SUNY New Paltz on Forensic Accounting for the New York State Society of CPA’s Mid-Hudson Chapter Career Opportunities in the Accounting Profession (COAP) program. Founded in 1987, COAP offers student tailored curriculum and extensive opportunities to interact with accounting and business professionals and gain exposure to the corporate environment. The presentation focused on careers and opportunities in Forensic Accounting field, as well as, discussions on fraud and investigation techniques.
Frank Giordano, III, CPA sits on the Board of Trustees for the Orange Regional Medical Center Foundation, the Medical Center’s fundraising division. The Foundation is responsible for developing a comprehensive program to establish philanthropic support for the Medical Center, as they launch their largest fundraising effort to help build the Medical Center’s new physical space. The mission of the foundation is to raise funds and awareness through philanthropic support from the community. The generosity of supporters, both past and present, has enabled the Center to provide the highest quality healthcare to the patients they serve.
Partners attended the National Beer Wholesaler Association's (NBWA) convention at Caesars Palace in Las Vegas, NV from September 22-25, 2009. JGS has been representing clients in the industry for over 35 years. Many challenges face the beer industry today, including: market consolidation, economic downturn, state regulations, and increased competition. This conference is an important part of JGS' professional development for this market, and it assists us in meeting the accounting and business consulting needs of our client base. For more information on the conference please visit their website at www.nbwa.org.
Frank P. Giordano III, Frank P. Giordano Jr. and Bonnie J. Orr
Starting in 2009, JGS launched an advertising campaign to match its new logo and web site. These ads and more are appearing in local and regional publications throughout the area. Here are a few of our current advertisements:
Lighthouse Print Ad
Telescope Print Ad
Roadblock Print Ad
The Board of Directors for Leadership Orange has named new members and elected 2009 officers. The re-elected director is Michael Flynn. The new directors are Eric Fuentes, Kenya Gipson, Eileen Glassman, Bonnie J. Orr, Roger Ramjug, Alanna Smith, Maggie Smith and Mark J. Tierney.
The 2009 Officers are Teresa Gurdineer, President; Nancy Proyect, Vice President; Karen Miller, Secretary; and Bob Marchione, Treasurer.
Leadership Orange is a completely private, non-partisan organization that relies on support from the business community to reach its goals. Over 330 men and women have graduated from the Leadership Orange program since its inception in 1993. Each year, a group of Orange County individuals with a variety of backgrounds are selected to take part in a 10-month leadership training program. Class participants receive training on topics important to Orange County residents and businesses including education, health and human services, communications, government and politics, the environment, culture and recreation, economic development, leadership development and the judicial system.
The training enables community members to better understand the many challenges facing Orange County and, therefore, to better serve our community.
For more information on Leadership Orange, please visit their website at www.leadershiporange.org.
On June 26, 2009, Gary Cassiello, CPA, ABV, CFF and Rob Unger, CPA, CFE did a presentation at SUNY New Paltz on Forensic Accounting for the New York State Society of CPA’s Mid-Hudson Chapter Career Opportunities in the Accounting Profession (COAP) program. The presentation focused on careers and opportunities in Forensic Accounting field, as well as, discussions on fraud and investigation techniques.
Domenick T. Del Rosso, CPA, MST has been promoted to Manager of Taxation at the accounting and business consulting firm of Judelson, Giordano & Siegel, CPA, P.C. Mr. Del Rosso will oversee tax preparation and planning services, as well as develop and implement effective tax strategies.
Mr. Del Rosso has been with JGS for over six years and has recently obtained his MS in Taxation.
He is a member of the American Institute of Certified Public Accountants as well as the New York State Society of Certified Public Accountants.
Judeslon, Giordano & Siegel, CPA, P.C. is pleased to announce the promotion of Robert Unger, CPA, CFE to Manager of Forensic Accounting. He will oversee all forensic engagements as well as assisting legal counsel as part of litigation support services. He will also work closely with clients to review and adopt internal control procedures to mitigate potential frauds.
Mr. Unger joined JGS in 1996. He is a CPA licensed in New York and Pennsylvania and a Certified Fraud Examiner. Mr. Unger is an Executive Board Member of New York State Society of Certified Public Accountants for the Hudson Valley Chapter and Chairman of the Accounting and Auditing Committee. He is a member of New York State Society of Certified Public Accountants, Pennsylvania Institute of Certified Public Accountants and Association of Certified Fraud Examiners.
Howard E. Witt, Jr. has been promoted to Manager of Mergers and Acquisitions at the accounting and business consulting firm of Judelson, Giordano & Siegel, CPA, P.C.
Mr. Witt started with JGS in 1996. He has more than 20 years of experience in accounting, taxation, mergers, acquisitions and corporate finance and restructuring. He previously held the title as Tax Manager for a multi-state corporation where he was instrumental in the transition period of this company which was acquired in a multi-billion dollar transaction. Mr. Witt has worked closely with banks and other financial institutions in multi-million dollar debt re-financing, as well as numerous stock and asset acquisitions.
Judelson, Giordano & Siegel, CPA, P.C. is pleased to announce the promotion of Barbara Natkiel to the position of Manager of Administration. Her responsibilities encompass overseeing human resources and marketing. Ms. Natkiel will be working closely with the firm’s partners to set and maintain office policies, as well as planning and organizing the operations of the firm.
Ms. Natkiel joined the firm in 2000 and brings over 15 years of administrative experience.
Middletown, NY, August 13, 2008 – Gary J. Cassiello, CPA, ABV, a partner in the firm of Judelson, Giordano & Siegel, CPA, PC located in Middletown, has recently been awarded the Certified in Financial Forensics (CFF) Credential by the American Institute of Certified Public Accountants (AICPA). The CFF Credential, established in 2008 by the AICPA, is granted to qualified CPAs with considerable professional experience in financial forensics.
Gary J. Cassiello, CPA, ABV, met the requirements to earn the CFF credential, which include demonstrating significant business experience in the area of financial forensics as well as completing the required life-long learning and education activities in the area of financial forensics. The CFF Credential is granted exclusively to CPAs who are members in good standing of the AICPA which binds them to the AICPA Code of Professional Conduct.
CPAs who have earned the CFF Credential must be recertified every three years to maintain their credential.
Gary has also received the AICPAs designation as Accredited in Business Valuations (ABV) and leads the forensic accounting /litigation support team for his firm.
Company That Began During Last Great Depression, Retools to Best Serve Clients During Current Economic Downturn
For Immediate Release
MIDDLETOWN, N.Y., November, 2008 — Believing that an economic downturn is a critical time for area businesses to turn to a trusted financial advisor, Judelson, Giordano & Siegel (JGS) announced today a new website to help potential and existing clients find the help these times demand. The new website can be found at www.jgspc.com.
“We have a strong tradition of working hand-in-hand with our clients to develop sound financial plans that began when our company was formed in 1932, at the height of the great depression,” remarked Frank Giordano, Jr., managing partner. “We want the website to be a resource for our clients as they contemplate the tough choices they will be making in this economic climate.”
Since 1932, JGS has operated using a unique business model of providing accounting services alongside unparalleled management consulting with an innovative business strategy. As accountants and financial advisors, JGS does far more than assist with taxes and payroll; they also act as valued partners, consulting on a variety of issues from monthly financial planning, capital investment planning, and capacity estimations to succession planning, fraud detection, and more.
“In addition to facilitating the search for financial services, our new website offers visitors insight into how JGS has helped its clients, many of whom have remained with the firm for generations. It also provides several financial calculators that offer quick and easy assessments of the financial impacts for important considerations like home mortgages, credit card debt, college tuition, retirement planning,” added Bill Siegel, partner.
The new website includes resources to assist with some of the day-to-day questions and concerns that may arise in personal and business financial planning. While these resources are not a substitute for financial advice from a qualified professional, they can be used as a starting point in a client’s decision making process.
Lifelong business partners with many of the area’s most successful businesses, JGS creates custom solutions. “There’s nothing cookie cutter about our approach to helping clients succeed,” says Frank. “We research every aspect of our client’s businesses and offer them the benefit of an outsider’s perspective yet provide an insider’s understanding of the challenges the company may face. Many of our clients consider us their outside board of directors.”
Founded 76 years ago, JGS provides financial consultation and a variety of financial products services to over 2,000 regional clients. The firm comprises CPAs and staff who are creative thinkers, ready to support a broad range of business needs with strategic planning, vision and innovation.
Judelson, Giordano, & Siegel, CPA, PC and EFCO Products celebrate 75th anniversaryby giving away financial advice to help weather today’s economic climate
For Immediate Release
Judelson, Giordano & Siegel, PC, (JGS) a Middletown-based financial service firm, and EFCO Products, Inc. an ingredients manufacturing company headquartered in Poughkeepsie, New York, are marking their 75th relationship by sharing lessons they learned together with businesses that might be facing uncertainty in today’s economic climate. “We’ll be offering a story every other month in hopes of inspiring companies to emerge stronger in spite of the economic downturn,” explains William Siegel of JGS.
During a relationship spanning over seven decades, these two regional companies have successfully turned a series of potential obstacles into opportunities for growth. “Even the worst of financial times can be the best of times when approached with insight and fortitude,” remarked Steven Effron, Executive Vice President of the 105 year old manufacturer and distributor of ingredients for the baking and foodservice industries. “Adversity can bring down a ship or make it far more seaworthy,” he adds. “Having an expert navigator to assist the captain makes the difference.”
JGS provides key services and support to EFCO including monthly financial planning, capital investment planning, capacity estimations and more. Over the years, they have become trusted partners. “If EFCO could have an outside board of directors, JGS would be it,” Effron says.
According to Effron, many companies looking to ride out stormy conditions often cut out the very consultants who may be able to help them streamline or even expand in new directions. “If you don’t have someone you trust to chart a new course, this is the time to find one,” he adds.
One noteworthy example of an obstacle the relationship has weathered together is EFCO’s transformation away from food distribution toward food manufacturing. Prior to the mid 1980’s EFCO had 125 employees and about 26 tractor trailers to handle distribution primarily to over 450 a major restaurant chain. Between 1985 and 1986, this chain decided to do their own distribution, cutting 80% of EFCO’s business and forcing EFCO to pare down to 50 employees and 5 tractor trailers as a result.
“We were faced with a dramatic change, almost overnight. It was time to navigate a new course for EFCO, a course we had never navigated before now.” Steven Effron quips. With JGS in tandem, the companies developed a pro-active plan to restructure the business, changing it in only 12 months from a distribution company with manufacturing capabilities to a manufacturing company with limited distribution channels. The company also added automation, custom formulation capabilities and the technology to expand its array of products. “We learned to offer our customers greater efficiencies compared to our larger competitors,” says Effron.
EFCO was agile—fit, flexible and capable of producing custom orders in a hurry. Their larger competitors could not custom formulate specialty products as quickly or effectively. “EFCO quickly became the company customers turned to for markets in Asia, Latin America, the Middle East and more.” he adds.
EFCO is a 4th generation, family-owned business started in 1903 by the grandfather of Jack and Ira and Mike Effron—brothers who both are still working in the business that’s now run by Steven Effron, Jack’s son. EFCO is a fine ingredients manufacturer serving chains including Dunkin Donuts, Perkins Family Restaurants, many in-store supermarket bakeries, such as Pathmark and Shop Rite, bakery distributors and food manufacturers.
JGS is a 75-year old firm comprising a new breed of accounting, business and financial consulting professionals who provide expertise in broad range of financial issues.
Below are articles of interest to those in the medical industry. JGS regularly appears in MD News, a publication dedicated to doctors in Orange County, as well as, the Lower Hudson Region. Please find additional articles in the coming year, as we premier in the publications, CPA corner.
Please Click the Title of Each Article to Review (PDF format)
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