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Firm News

  • Recent changes in federal tax law have enhanced the availability of Research & Development tax credits to a variety of clients. We have held a number of small group meetings with clients to explain the enhanced credits and determine their applicability to specific client situations.

  • For the fourth consecutive time GMPW successfully completed a peer review of its system of quality control. This encompasses the firm's organizational structure and the policies adapted and procedures established to provide it with reasonable assurance of complying with professional standards. The review was conducted in accordance with standards established by the Peer Review Board of the AICPA. If you would like to receive a copy of our peer review opinion letter, please contact Kate Horay.
 
 

  • Recognizing that health care insurance costs are sky rocketing again, GMPW hosted a seminar for clients and friends of the firm. They offered specific recommendations for minimizing cost increases for employers and employees without significantly reducing the overall quality or scope of medical coverage.

    We also offered a seminar for our clients and friends on the subject of Long-term Care Insurance. We recognize that nursing home costs and in-home care can significantly and negatively impact a person's life long accumulation of wealth. Long-term care insurance is a little known, but highly effective method of reducing the financial risk of aging.
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Accomplishments and Activities

  • Don DeGrazia is Global Chairman and a member of the Global and Americas Executive Committee of Integra International, an international association of independent accounting firms of which GMPW is a member.

    Don recently returned from the 9th Annual World Wide Conference of Integra International in Hong Kong, where he assumed the Chairmanship of Integra. At this conference, members shared ideas with accounting and consulting experts from around the world. Don met with representatives of 92 firms from North America, South America, Europe, Africa, and Asia where they discussed current technical issues and innovative practice management/consulting techniques that will help businesses to grow at the local level. He also attended Integra's European division's regional meeting in Luxembourg and the Americas' division meeting in Atlanta, GA.

    Don is also a chairman of the NJ Society of CPAs (NJSCPA) Business Valuation Committee. He was a speaker in May at the 2008 American Institute of CPAs and American Academy of Matrimonial Lawyers Joint National Divorce Conference in Las Vegas. He will also chair the NJSCPA Business Valuation Conference in September 2008.

    He is a member of the Family Law Task Force of the AICPA. The task force has developed a Practice Aid for the accounting, tax and business valuation aspects of family law. He also serves on the "Ask the Experts" Panel of the AICPA E-Valuation Alert Newsletter published monthly.

    Don is a member of the Board of Directors of the Society of Financial Service Professionals – South Jersey Chapter. SFSP is a multidisciplinary association of professionals providing services in the area of estate planning, investment advisory and risk management. In January 2008 he spoke to the chapter about the Taxation and Valuation of Stock Options.

    Don was a presenter in a nationally broadcast webinar on the Valuation Methodologies and Issues for Small and Medium Size Businesses.

    Don is a contributing author to the AICPA publication entitled "Income Reconstruction:  A Guide to Discovering Unreported Income." He also edits the annual publication "Divorce Engagements" issued by Practitioners Publishing Corp (PPC).
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  • H. Barton Greenspan and Stanton Meltzer have received honorary memberships in the American Institute of Certified Public Accountants (AICPA) in appreciation and recognition of 40 years of continuing contributions to the accounting profession. Stan has actively participated in the AICPA as chairman of major national conferences and as a lecturer throughout the United States.
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  • Pavel Kazlou recently passed the CPA Exam in the State of New Jersey. Pavel is a graduate of the Richard Stockton College of New Jersey with a Bachelor of Science in Accounting. As a staff accountant, Pavel's responsibilities include accounting, auditing and tax preparation. Pavel is a native of Minsk, Belarus.
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  • Marty Mellman has been appointed to represent GMPW with the Cherry Hill Jewish Business Network Organization. He also rode in the long-distance bicycle fund raiser for the benefit of the American Cancer Society.

    Marty has received his Life & Health Insurance License. He is a registered Investment Advisor in the state of NJ. GMPW is able to provide Life & Health services to all their clients. Marty will be happy to discuss any investment or insurance questions that you may have.
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  • Stan Meltzer attended the AICPA National Business Valuation Conference in Las Vegas dealing with the latest techniques of business valuations including the valuation of S-corps and medical practices, differences between performing business valuations and calculating lost profits, an in-depth look at discounts for lack of marketability and new professional standards for business valuation.
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  • Ed Plasky attended Integra International's 2007 World Conference in Hong Kong which included independent CPAs and Chartered Accountants from 92 firms from North America, South America, Europe, Africa, and Asia.

    Ed is a member of the Board of Directors of the Temple University Owl Club. The Owl Club is a nonprofit organization funded by private contributions to support Temple University's 20 sport intercollegiate athlete program and to increase Temple's visibility at a national level.

    He is also a member of the Board of Directors of the Jewish Federation of Southern New Jersey where he is also on the Executive Committee and is the Chairman of the Finance Committee. The Southern NJ Federation encompasses Camden, Burlington and Gloucester counties and is the third largest federation in the State of New Jersey.
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  • Stacey Udell has become an Accredited Senior Appraiser in the American Society of Appraisers (ASA). A Candidate in the ASA must demonstrate five years of full-time equivalent experience in business valuation, have experience in appraising a wide variety of companies and pass the ethics and USPAP exams. She is also designated as an ABV (Accredited in Business Valuation) by the AICPA (American Institute of Certified Public Accountants) and certified as a CVA (Certified Valuations Analyst) by the NACVA (National Association of Valuation Analysts).

    In May, Stacey D. Udell spoke at the 15th Annual NACVA Consultants Conference in Las Vegas on the topic of Reasonable Compensation How to Support It. In July, she was a speaker on the topic of reasonable compensation in a teleseminar offered by Business Valuation Resources.
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  • Harmon Wise has completed a 2 day course on how to conduct a peer review under the AICPA practice-monitoring programs. Harmon has submitted his reviewers resume to the AICPA and is now qualified to conduct a peer review under the uniform professional standards.
    Back to top Updated August 2008
 
 
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