Berdon Adds Tax Partner, Director

Terence Avella

Terence Avella

New York-based Berdon (FY14 net revenue of $101 million) has admitted Terence Avella as a principal in the state and local tax group, and Peter Salts has been hired as a director in Berdon Fund Services LLC.

Avella brings more than 15 years of experience in the accounting profession and private sector. He advises client management teams on a wide array of federal, state and local tax matters, including all phases of planning, compliance and provision. He also performs extensive legal research and has written draft memoranda on various legal matters. Avella advises on income and franchise tax, sales and use tax, and tax recovery. In addition, he consults on audit defense and assists in voluntary disclosure with taxing authorities.

Peter Salts

Peter Salts

Salts brings more than 20 years of experience in fund administration for private equity, hedge, mutual and variable annuity funds. He has built and managed multiple teams servicing billion-dollar clients with a focus on back office services in accounting, finance and operations. Salts examines day-to-day operations to identify weaknesses and key risk areas and alerts clients to opportunities for improvement and options to mitigate current and potential problems.