People in the News: April 30th

Pennsylvania CPA Passes Away

Terry C. Martin

Terry C. Martin

Terry C. Martin, 60, a Hatboro, Penn., resident, passed away April 24.

A CPA, Martin worked for the accounting firm of Wouch, Maloney & Co., LLP for 30 years.

Martin was a Penn State alumnus, a fan of Penn State football and the Philadelphia Phillies, an avid golfer, and a member of The Succulent Supper Society, where for 25 years he enjoyed monthly gourmet meals with close friends. He spent vacations with his family in Ocean City, N.J., and at Otter Run Fish and Game Club in Lycoming County.

Born in Philadelphia, he was the son of Eleanor (Sinn) and the late Joseph Martin. He was married for 27 years to Linda (Haslinger). Terry was a devoted father to his three children, Andrew (Heather), Jessica and Tyler. He also is survived by his brother and best friend, Ronald (Rhonda), and a sister-in-law, Jean. He was preceded in death by his brother, Larry.

In lieu of flowers, contributions may be made in Terry’s name to Make A Wish Foundation, Philadelphia and Susquehanna Valley, 1 Valley Square, Suite 133, Blue Bell, PA 19422.


Senften Named Director Of Finance And Operations For Rea & Associates

New Philadelphia, Ohio-based Rea & Associates (FY12 net revenue of $31.2 million) admitted Jeremy Senften as director of finance and operations. In this newly created role, he will be responsible for assisting in firm management and growth of the firm by concentrating on financial performance, performance metrics, identifying and pursuing internal and external growth opportunities and improving firm processes.

“Jeremy brings solid accounting experience and a keen understanding of quality client service. And in his role of controller, he gained CFO-level experience outside of public accounting – all of which makes him a perfect fit for this new operational role,” says Lee Beall, Rea’s CEO.

Senften began his career with Rea & Associates in 2001 and rose to the ranks of senior manager in the firm’s Ohio offices in Medina and Mentor. In 2011, he left Rea and became controller at D&S Automotive and MC Mobility Systems.


Dailey Joins Citrin Cooperman as International Tax Partner

New York-based Citrin Cooperman (FY12 net revenue of $131.6 million) admitted Paul Dailey as a partner in its New York City headquarters. Dailey brings more than 35 years of experience as an authority on international tax matters for corporate and individual clients.

Paul Dailey

Paul Dailey

Dailey specializes in tax planning, structuring, consulting and compliance issues for large foreign-owned corporations. He also addresses residency issues and provides tax planning for high-net-worth individuals. Dailey’s international scope includes structuring offshore tax transactions, expatriate planning, entry/exit strategies and related compliance matters.

“Paul’s breadth of knowledge in international tax is a valuable asset to our partnership,” says Joel Cooperman, MP of Citrin Cooperman. “His years of experience navigating the nuances of the international markets will bring an added advantage to the services we offer our clients.”

“I’m excited to join Citrin Cooperman, as the firm’s reputation is unparalleled,” says Dailey. “I’m looking forward to leveraging my expertise and skills with the firm’s partners and drive growth.”


Marks Paneth Appoints PIC of New Commercial Business Group

New York-based Marks Paneth LLP (FY12 net revenue of $86.9 million) has named Howard Hoff PIC of the firm’s new commercial business group.

Marks Paneth’s commercial business group helps manufacturing, wholesale, distribution, retail and construction clients improve their organizations, structure and profitability. The group brings together specific expertise and capabilities from a range of the firm’s practices.

Hoff has been with Marks Paneth since 1996. He advises on both the buy and sell side of merger and acquisition transactions from identifying the target to due diligence and structuring. In addition, Hoff serves lending institutions, providing input on initial funding and annual examinations related to borrowers in the professional services, apparel, textile and diamond and jewelry industries.

“Our clients’ businesses are becoming increasingly specialized and the problems they face are becoming more challenging. Howard Hoff’s depth of knowledge and experience in tackling challenging problems and issues will help our clients navigate this complex environment,” says Harry Moehringer, MP of Marks Paneth.


KLR Announces Retirement of Founder and President

Providence, R.I.-based Kahn, Litwin, Renza & Co., Ltd. (KLR) (FY12 net revenue of $30.9 million)  announced that Lawrence Kahn, managing director and president, will retire effective May 31, after 40 years of establishing, building and leading KLR.

Lawrence Kahn

Lawrence Kahn

Kahn, who turns 65 in May, will remain as chairman emeritus and consultant. He will also be leaving his position as a board member of the Leading Edge Alliance and his board seat at the Massachusetts Society of CPAs.

“It is a bittersweet moment in time,” says Kahn “We were under $1 million in revenue when Alan Litwin and I teamed up in 1983, and here I am leaving a $35 million revenue firm, 95th largest firm in the USA and third-largest regional firm in New England. I have complete confidence that our team members, shareholders and emerging leaders will continue to propel the firm forward in the New England marketplace in the upcoming years.”

Kahn has been deeply involved in the business community sharing his knowledge and experience in senior leadership roles. He is a member of the Massachusetts Society of CPAs, the Rhode Island Society of CPAs and the AICPA.

In addition, he is a member of the Greater Boston Chamber of Commerce Financial Services Committee, The Entrepreneurship Institute (TEI), the Boston College CEO Club, National Association of Corporate Directors (NACD-NE), Bentley University Executive Club, The CEO Roundtable, the Rhode Island Estate Planning Counsel and Department of Accountancy Advisory Board at Bentley University.