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Grassi & Co. Admits Amy Joyce as Partner

Amy Joyce

New York-based Grassi & Co., an IPA 100 firm, has admitted Amy Joyce as a partner on the firm’s trust and estate services team. She has more than 20 years of experience in tax compliance, tax planning and asset transfer strategies, and will focus on helping Grassi’s high-net-worth clients develop strategic wealth preservation and tax mitigation plans.

Prior to joining the firm, Joyce was a tax partner at a regional accounting firm, with expertise in lifetime gift planning, generation-skipping transfer tax, multi-generational trusts, transaction structuring and leveraging valuation discounts.

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Grassi Admits Paul Deonarine as Partner

Paul Deonarine

Paul Deonarine

New York-based Grassi & Co., an IPA Top 100 firm, announced that Paul Deonarine has been admitted as a partner in its accounting services practice.

Deonarine has a strong background in technology consulting and helping businesses select and implement ERP and cloud-based systems to streamline their financial functions and enhance their data analytics capabilities. Prior to joining Grassi, he most recently led CFO advisory and outsourced accounting practices as MP of a boutique public accounting firm in New York.

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Community Service During COVID-19 Takes New Form at Grassi

With professional and social gatherings prohibited due to the COVID-19 pandemic, many corporate philanthropy and employee charitable initiatives are on hold as well.

New York-based Grassi & Co. (FY18 net revenue of $63.6 million) has found another way to give to the community despite its own workforce operating primarily in quarantine.

Most recently, executives and employees from across the firm volunteered for Grassi’s Small Business Support Saturday. On May 2, advisors specializing in emergency loans, tax, business consulting, HR, IT and marketing made themselves available in virtual meeting rooms to answer questions and concerns.

Grassi advisors spoke with more than 350 small business owners and nonprofit leaders over an eight-hour period.

“When the mission of your firm is driven by helping businesses succeed, not even a global pandemic can keep you from pursuing that goal,” says MP and CEO Louis Grassi. “Many of the people we spoke with on Saturday were trying to navigate emergency loans, workforce issues and cash flow challenges without any assistance, and these are decisions no business owner should have to face alone.”

Recognizing that small business owners do not have the same access to resources as their counterparts at larger organizations, Grassi has been making it a priority to lend support. The firm has offered a steady stream of complimentary content and webinars, as well as a 24-hour crisis response and recovery hotline that connects callers to skilled specialists in their specific area of concern.

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Grassi Admits Rozleen Giwani as Partner

Rozleen Giwani

New York-based Grassi & Co. (FY18 net revenue of $63.6 million) announces that Rozleen Giwani has been admitted as a partner in its tax practice.

Drawing on her knowledge of grantor-retained annuity trusts, complex and simple trusts, gift tax compliance and estate tax law, Giwani will advise high-net-worth clients on tax savings vehicles, wealth preservation strategies, gifting and trusts.

Prior to joining Grassi, Giwani was a tax partner at a New York-based regional public accounting firm working largely in the financial services sector.

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Grassi Expands Tax Practice with Addition of New Partner

Robert Tobey

New York-based Grassi & Co. (FY18 net revenue of $63.6 million) has admitted a new partner, Robert Tobey, to the firm’s tax services practice.

Tobey will provide tax planning services and compliance advice to clients with complex federal, state and local tax issues. He is experienced in advising clients in a variety of tax structures, including pass-through entities, multi-state corporations and international businesses. Specializing in the financial services sector, Tobey has worked with hedge, venture, real estate and private equity funds.

In addition to advising Grassi’s corporate clients, Tobey will use his experience working with investors and high-net-worth clients to advise the firm’s individual clients on achieving their tax savings and wealth preservation goals.

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Grassi & Co. Admits Construction Tax Leader to Partnership

Joseph Molloy

New York-based Grassi & Co. (FY18 net revenue of $63.6 million) announced the admission of Joseph Molloy to partner.

In this new role, Molloy will manage and oversee the taxation services offered through Grassi’s construction practice, the firm’s largest industry area. As part of Grassi’s leadership team, he will also contribute to the strategic vision and growth of the firm.

In addition to his partner responsibilities, Molloy serves as the firm’s tax construction leader, providing tax planning and compliance services tailored to the construction industry. He specializes in tax projections, corporate tax return preparation, tax incentive programs, tax deferral strategies and regulatory compliance.

“Joe embodies the values of leadership, integrity, respect and excellence that our partners are trusted to uphold,” says Carl Oliveri, construction practice leader. “He has dedicated his career to serving the tax needs of the construction industry, and his knowledge and experience are invaluable assets to our clients and construction team on a daily basis.”

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Grassi & Co. Introduces Grant Compliance Services to Nonprofits

Elizabeth Gousse Ballotte

Due to a shift in the need for compliance for private foundations and other funders, New York-based Grassi & Co. (FY18 net revenue of $63.6 million) is adding a grant compliance services team to its nonprofit practice. Principal Elizabeth Gousse Ballotte will lead the team and is based in the New York office.

The team assists funders by ensuring their grantees are complying with the conditions of the grant agreement. The team reviews financial operations and grant reporting to assure that adequate controls and oversight are in place. These services assist funders, typically private foundations, by evaluating the impact of the donations to the nonprofits and their missions and help determine how and where the funds are specifically being used. These compliance reviews offer greater assurance to the funders that the grant programs are operating efficiently and successfully, the firm announced.

“Private foundations have increasingly come under fire for not adequately monitoring their grantees, often due to limited resources and personnel. Our grant compliance services help foundations address this gap, assess their own risk and protect their reputations,” says partner David M. Rottkamp, not-for-profit practice leader.

Generally, foundations that pursue a grant monitoring program work with the Grassi team to develop a compliance review plan and monitor the program annually, either using Grassi resources as an outsourced provider or hiring the firm to implement the program and train their staff to conduct the reviews and provide feedback to grant recipients.

“These organizations make a huge difference to the recipients of their grant-making. My work further enhances that difference and provides the assurance that grant funds are used appropriately,” says Ballotte, who has more than 15 years of operational and organizational consulting and management experience.

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Michael Leigh Joins Grassi & Co. to Lead Cyber and Information Security Practice

Michael Leigh

New York-based Grassi & Co. (FY17 net revenue of $60.8 million) has hired Michael Leigh, a nationally recognized cyber and information security expert, to lead the firm’s practice.

By bridging the gap between the executives and practitioners of an organization, Leigh addresses cyber risk by focusing on empowering his clients to approach their security strategy from a business standpoint, not just a technical one – making him a valuable asset to the businesses and organizations the firm services.

He has held the position of global head of digital forensics and incident response for NCC Group, an international security consulting firm; and has held senior leadership positions in information security for major technology providers, including Cisco Systems and Oracle Corporation.

Services include incident response, analyzing and remediating cyber security incidents; penetration resting, assessing an organization’s security posture by simulating threat-actor actions; and virtual chief information security officer (VCISO), which act as an organization’s senior security management by defining the security strategy and converting that strategy into action. The team designs programs that are tailored to clients’ needs.

“By bringing someone with Michael’s expertise to the firm, we are able to save our clients from security risks that could have a catastrophic impact on their financials, their reputations and those of the clients they serve,” says CEO Louis C. Grassi. “With data being the core of nearly every business decision made today, this role is one of the most vital as we help navigate our clients in the direction of success they desire.”

Leigh says he is able to identify risks that are most important to clients’ businesses and build protections around these assets. “My approach results in saving the client precious time, effort and money – not to mention many sleepless nights and headaches.”

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Chris Fifis Joins Grassi & Co. as Director of Business Development

Chris Fifis

Chris Fifis

New York-based Grassi & Co. (FY17 net revenue of $60.8 million) announces that Chris Fifis is joining the firm’s leadership team as director of business development.

Fifis will cultivate new business opportunities and further the growth of the firm’s practice areas. Previously, he worked in business development for an insurance broker where his role focused on mid-sized companies – primarily in food processing, distribution and manufacturing – and helped them reduce risks and establish new policies and procedures.

He will be based in the Park Ridge, N.J., office and will focus his initial efforts on the northern New Jersey and New York markets, the firm says.

“Chris’s areas of expertise, particularly in prospecting in the northern New Jersey and Philadelphia markets, make him a desirable addition to our team as we continue to branch out into new territories,” says MP and CEO Louis C. Grassi. “We have an extremely strong presence in both Long Island and New York City and I am confident that Chris will help our firm build new and deeper relationships in New Jersey as well.”

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Grassi & Co. Admits Leonard Carone as Partner in Franchise Services

Leonard Carone

New York-based Grassi & Co. (FY17 net revenue of $60.8 million) has announced that Leonard Carone has been admitted to the partnership.

Carone brings more than 25 years of public and private experience to the firm and specializes in the franchise industry, specifically high-net-worth individual owners. He provides strategic advice and tax planning to assist them in maximizing their profitability and growth potential.

Prior to joining Grassi Franchise Services, Carone worked in a New York-based CPA firm and has served as a CFO in the telecom industry.

“Leonard has a powerful reputation within the franchise community of providing value and has successfully assisted with the closing of multiple franchise sales to private equity groups,” says James Bohl, president of Grassi Franchise Services. “His abilities earned him the right to distinguish himself as one of the leaders of Grassi Franchise Services.”