Marvinites participate in 2020 JDRF Virtual One Walk

Posted on: 5/29/20

This past weekend several employees at Marvin and Company took part in the 2020 JDRF Virtual One Walk - a walk to find a cure for Type 1 Diabetes.

Team KirvStrong walked, ran, canoed and kayaked in honor of Marvin's marketing manager, Kathleen Wren-Kirvin who is a type 1 diabetic. Take a look at our video to learn more. Click on the image below to play:

Breaking News: 3/31/2020 Paycheck Protection Program Update

Posted on: 3/31/20

Breaking News: 3/31/2020

Paycheck Protection Program Update

The U.S. Small Business Administration just released an updated item list and application document giving clarification to some of the key terms and conditions essential to the Paycheck Protection Program (“PPP”), authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.

To learn more about the following:

  • When can you apply?
  • Where can you apply?
  • Who can apply?
  • What do you need to apply?
  • How long will the program last?
  • What can you use the loans for?
  • How large can the loans be?
  • How much of the loan will be forgiven?
  • And more...

Check out this fact sheet for answers to all of those questions and more.

Click here for a copy of the application. 

Visit our special Coronavirus Resources and Information page for additional information.

Stay healthy!

Kevin P. O'Leary, CPA, Managing Director

NYS Paid Leave for COVID-19 

Posted on: 3/26/20

In response to the consequences of the coronavirus pandemic on New Yorkers, Governor Andrew Cuomo signed a bill into law that provides wage replacement assistance to NY families. The bill signed on March 18, 2020 offers support to most NY employees who are unable to work due to an eligible quarantine- self or dependent children under 18 years of age. Below is a list of programs along with their associated details. 

Paid Sick Leave:   

Under this bill, NY employers are required to offer paid sick leave to their employees who are unable to work due to COVID-19 qualifying reasons. Employees are entitled to their regular pay and job protection for the duration of this leave. The duration of the leave is contingent to the size of the employer. 

  • Employers with less than $1M in net income in 2019 and under 10 New York employees are not required to provide paid sick leave. Employees in this category should apply for Paid Family Leave and Disability Benefits. 
  • Employers with over $1M in net income in 2019 and under 10 New York employees must provide at least 5 days of paid sick leave. 
  • Most employers with under 100 New York employees are required to provide 5 days of job-protected paid sick leave. 
  • Public employers of any size with New York employees are required to provide 14 days of job-protected paid sick leave. 
  • Private employers with 100 or more New York employees are required to provide 14 days of job-protected paid sick leave. 

NYS Paid Family Leave: 

The NYS PFL benefits are available for workers who are unable to work because they are either caring for a family member who has COVID-19 or a minor child under quarantine. This benefit is to be used once the employer paid sick leave is exhausted.  

  • This benefit offers up to 10 weeks of partial wage replacement as well as job protection. 
  • PFL insurance benefits cover up to 60% of an employee’s pay, a maximum of $840.70 per week. 
  • The 7-day waiting period is waived for COVID-19 qualifying reasons. 

Temporary Disability Insurance: 

Workers who contract COVID-19 and are unable to work because of it may qualify for temporary disability benefits.  

  • The benefits may be paid up to 26 weeks and will max at $170 per week. 
  • The 7-day waiting period is waived for COVID-19 qualifying reasons. 

NYS Unemployment Insurance:  

This benefit provides individuals who lose their employment up to 26 weeks of partial wage replacement benefits. The one week waiting period is waived for job losses in conjunction with a COVID-19 closure.  

Workers Compensation: 

This benefit is for individuals who cannot work because they were exposed or they contracted COVID-19 in the workplace. 

  • This benefit provides partial wage replacement and medical care to the affected individual. 
  • The worker is entitled to a maximum of $934.11 per week in addition to the cost of medical care. 

If you have questions or would like additional information, please contact your Marvin and Company, P.C. representative.

H.R.6201 - Families First Coronavirus Response Act

Posted on: 3/25/20

H.R.6201 - Families First Coronavirus Response Act 

On March 18, 2020, President Trump signed into law The Families First Coronavirus Response Act. This new law will take effect on April 2, 2020. Below are some key provisions to consider: 

Emergency Family and Medical Leave Expansion Act (Public Health Emergency Leave) 

The FMLA law was expanded to cover employers with fewer than 500 employees as well as all public sector employers. This allows employees of covered employers up to 12 weeks of job protective leave if they are unable to work or telework due to caring for a child whose school/childcare is closed due to a COVID-19 emergency. Eligible employees must have been employed for at least 30 calendar days.  

Payment is effective after the first 10 days of the leave. Employees may use Emergency Paid Sick Leave, PTO, or take the first 10 days unpaid. The rate of payment must be at least 2/3 of the employee’s usual pay rate capping at $200/day or $10,000 total benefit. This leave excludes health care providers and emergency responders.  

Under this law, employers must reinstate employees to their prior or equivalent position upon their return from leave. An employer with less than 25 employees may not be obligated to reinstate an employee at the end of their leave if the position is eliminated due to economic downturn or a change in the operating conditions due to COVID-19.  The Secretary of Labor may exempt employers with less than 50 employees from the requirements of this law if the obligation of such would jeopardize the continuity of the business.  Employees should expect no retaliation for taking leave. This leave expansion takes effect on April 2, 2020 and expires December 31, 2020. 

Emergency Paid Sick Leave Act 

This act also covers employers with fewer than 500 employees as well as public sector employers, there is no length of service requirement. Employees who fit the following situations qualify for paid sick leave:  

  • The employee is subject to a Federal, State, or local quarantine or isolation order related to COVID–19.  
  • The employee has been advised by a health care provider to self-quarantine due to concerns related to COVID–19. 
  • The employee is experiencing symptoms of COVID–19 and seeking a medical diagnosis. 
  • The employee is caring for an individual who is subject to an order as described in number one or two above. 
  • The employee is caring for a son or daughter of such employee if the school or place of care of the son or daughter has been closed, or the child care provider of such son or daughter is unavailable, due to COVID–19 precautions. 
  • The employee is experiencing any other substantially similar condition specified by the Secretary of Health and Human Services in consultation with the Secretary of the Treasury and the Secretary of Labor. 

Covered employers must provide paid sick leave at the employee’s regular pay rate. Full-time employees are entitled to 2 weeks or 80 hours of sick pay. Part-time employees are entitled to the typical number of hours they usually work in a two-week period. Paid sick leave must be paid at the employee's regular rate of pay, or minimum wage, whichever is greater, for leave taken for reasons 1-3 above.  An employee taking leave for reasons 4-6 may be compensated at two-thirds of his or her regular rate of pay, or minimum wage, whichever is greater. This paid leave requirement is in addition to an employer’s current leave policies. Leave under this law takes effect on 4/2/2020 and expires 12/31/2020, it will not carry over to the following year. An employer may not retaliate- discharge, discipline or terminate an employee who takes part of this Act. 

Health Insurance  

No Cost-sharing for COVID-19 Insured Plans, this includes deductibles, copayments and coinsurance. Comprehensive coverage on testing and associated treatment must be provided. A plan cannot impose restrictions on where the treatment or testing is provided.   

Employer Tax Credits- Payroll Credit for Required Sick Leave 

An employer is allowed tax credit for each calendar quarter an amount equal to 100 percent of the qualified sick leave wages paid by such employer with respect to such calendar quarter. For Emergency Family and Medical Leave Expansion Act, the amount of qualified family leave wages taken into account for each employee is capped at $200 per day and $10,000 for all calendar quarters. In terms of the Emergency Paid Sick Leave Act, the tax credit can be for up to 10 days of paid leave per employee in the amount of up to $200 per day for employees on paid leave due to caring for an ill family member or school closure or up to $511 per day for amounts paid for any of the other situations resulting in the benefit being paid.   This credit may include some costs associated with group health plans. 

Employers pay the paid leave and can take an immediate tax credit by retaining the amount of payroll taxes equal to the amount of qualifying sick and childcare leave that they paid instead of depositing them with the IRS. 

If you have questions or would like additional information, contact your Marvin and Company, P.C. representative. 

Marvin And Company, P.C. Becomes One of The First Upstate NY Accounting Firms to Deploy Artificial Intelligence to Protect Confidential Client Data

Posted on: 3/12/20

ALBANY, NY (March 9, 2020) — Marvin and Company, P.C., an award-winning Capital Region accounting, auditing, taxation and management consulting firm, is pleased to announce it is one of the first Upstate New York Accounting Firms to deploy Darktrace’s artificial intelligence to protect confidential client data and stop cyber-attacks.
 
“Cyber threats continue to increase at an extremely fast pace with no signs of slowing down,” said John J. Unser, CISO and Vulnerability Assessor at Marvin and Company, P.C. “In recent years cybercriminals have moved from using traditional cyber-attack tactics to AI-based attacks.  We felt the only way for the firm to stay ahead of the cybercriminals was to implement AI-based cyber security. Darktrace, the world’s leading cyber AI company, is the only technology with the capability to detect and respond in real time, learning on the job to protect a company’s entire digital estate. Cyber AI can then take precise action to contain a threat in seconds – a unique Autonomous Response capability.”
 
Marvin and Company, P.C. recognizes that the status quo of cyber defense is no longer sufficient, leading the firm to be proactive with its security strategy. The firm wanted a technology capable of defending against tomorrow’s unpredictable threats, whether it be machine-speed ransomware or slow and stealthy threats. Marvin and Company, P.C. has turned to Darktrace for the answer, trusting in its cyber AI to identify and autonomously respond to attacks within seconds.
 
Darktrace’s proven ability to detect and stop sophisticated attacks within seconds will revolutionize security and significantly enhance risk mitigation for our clients. 
 
“Darktrace’s Autonomous Response is the crucial difference between an emerging threat and a crisis. Using AI to autonomously block attacks within seconds, we can feel confident that our client data is protected from cyber-criminals – despite our industry becoming more vulnerable by the day,” said Kevin P. O’Leary, CPA, Managing Director of Marvin and Company, P.C.
 
Have questions about AI or want more information? Contact John J. Unser, CISO, at 518-785-0134 or jju@marvincpa.com.

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About Marvin and Company P.C.
Now in its 10th decade, Marvin and Company P.C., named one of the 2014, 2015, 2016, 2017 and 2018 Top Workplaces in the Capital Region by the Albany Times Union, a 2017, 2018 and 2019 Albany Business Review Best Places to Work and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.
 
About Darktrace
Darktrace is the world’s leading cyber AI company and the creator of Autonomous Response technology.  Its self-learning AI is modeled on the human immune system and used by over 3,000 organizations to protect against threats to the cloud, email, IoT, networks and industrial systems. This includes insider threat, industrial espionage, IoT compromises, zero-day malware, data loss, supply chain risk and long-term infrastructure vulnerabilities.  The company has over 1,000 employees, 44 offices and headquarters in San Francisco and Cambridge, UK. Every 3 seconds, Darktrace AI fights back against a cyber-threat, preventing it from causing damage.

Christopher Cimijotti, CPA Appointed to Community Foundation Board

Posted on: 10/4/19

The Community Foundations welcomes new boards members in 2019.

Welcomes New Board Members and new Board Emerita 

The Community Foundation for the Greater Capital Region welcomed three new board members beginning their first three-year term in September 2019. They are Christopher Cimijoitti, CPA, Eileen McLoughlin, and Robert Reynolds, Esq. The Community Foundation’s Board of Directors is representative of our community’s rich business, civic, and cultural diversity. With a demonstrated commitment to philanthropic endeavors, Board members inspire the Foundation’s success in strategic grantmaking, philanthropic services, and community leadership.

“The Community Foundation is stewarded by a highly engaged and committed Board of Directors,” says John Eberle, President & CEO of the Community Foundation. “We are thrilled that each of these new members offers a variety of expertise and a shared understanding of how local giving can impact the needs of the Greater Capital Region.”

In addition, the Community Foundation inducted Ellen Sax as a member of the Foundation’s Board Emeriti members. Receiving the “Emeritus” distinction is the highest honor the Community Foundation board can bestow on former members. Emeriti have demonstrated long-term dedication and support for the Community Foundation. They inspire others to action and show future board members an aspirational level of service and engagement. Emeriti serve as non-voting members of the Community Foundation board and may serve on select board committees.

For a full list of board of directors and board emeriti of the Community Foundation, visit https://www.cfgcr.org/about-the-foundation/leadership.

Full biographies of the new board members can be found below. 

 

Christopher Cimijotti, CPA is a Principal at Marvin and Company, P.C. and has more than 33 years of experience providing estate, trust, personal, and business planning and taxation services to a wide range of clients. Cimijotti has presented on tax issues at various client seminars and been a regular contributor to the firm’s newsletter. He has also written for the Capital District Business Review and the New York State Veterinary News and been a guest on various local radio programs. Cimijotti’s other activities in the community include serving on the Senior Services of Albany Board of Directors, serving as a member Estate Planning Council of Eastern New York, being a member American Institute of Certified Public Accountants (Tax Division), and being a member New York State Society of Certified Public Accountants (NYSSCPA). He served on NYSSCPA Northeast New York Chapter’s tax committee and was a former member Commercial Services Advisory Board at the Center for Disability Services. Cimijotti has served on the Community Foundation’s Professional Advisor Council and will serve on the Finance Committee. 

 

Eileen G. McLoughlin brings more than 30 years of experience in finance and higher education. As Vice Chancellor for Finance and CFO for the State University of New York (SUNY), McLoughlin oversees all aspects of SUNY’s financial resources and $12 billion all-funds budget. She is also responsible for developing, implementing, and overseeing the financial planning for SUNY System Administration and each of its 64 campuses, working closely with the Vice Presidents for Finance and Administration at each of the colleges to establish financial plans and strategies along with sound policies and procedures. McLoughlin provides support, guidance, and training to SUNY related professional development organizations including State University Business Officers, Community College Business Officers Association, The State University of New York Human Resources Association, and State University of New York College Admissions Professionals. She is also a frequent Guest Speaker at SUNY Faculty Senate. McLoughlin volunteers for several community activities and fundraising events including serving as a Catechist for several years at St. Kateri Tekakwitha Parish in Schenectady, NY. McCloughin will serve on the Foundation’s Finance Committee. 

 

 

Robert S. Reynolds, Esq. is a partner at Whiteman, Ostermann & Hanna LLP. He is in the Estate Planning and Administration and the Federal and State Taxation Practice Groups. Reynolds is a member of the Albany County Bar Association, the New York State Bar Association (Trusts and Estates Section, Taxation Committee, Vice Chair) and is a Fellow of The New York Bar Foundation. Reynolds is a member, former Director, and Past President (2010-2011) of the Estate Planning Council of Eastern New York, Inc. and a member of Siena College Saints Alive! Program. He is the President of the Bethlehem Basketball Club and a Director of the Bethlehem Girls Basketball Club, and has coached youth basketball, soccer and baseball. Reynolds will serve on the Foundation’s Finance Committee and Chair the Professional Advisor Council. 

 

Ellen Sax joined MVP Health Care in February 2014 as the Director of Corporate Social Responsibility, in 2016 was promoted to Vice President and is now the Senior Leader of Community Engagement. In addition to developing and implementing MVP’s philanthropic focus, Ellen is responsible for expanding MVP's presence in the community through charitable giving, employee engagement and partnerships with nonprofit organizations and community groups throughout MVP Health Care’s footprint. She continues to be active with many community organizations, and her community involvement has been recognized with many honors and accolades. Sax participates in a number of community endeavors including Trustee for the Crohn’s & Colitis Foundation Upstate Northeastern NY Chapter and board member for the B’nai B’rith Gideon Foundation, founding member and Committee Chair for the Alliance for the Creative Economy (ACE), co-chair for Ellis Medicine’s Women’s Night Out, committee member for the CCFA Evening to Remember Gala, committee member for The College of Saint Rose Community of Excellence, and WAMS Luncheon. She also serves on the Tech Valley Nonprofit Business Committee, Vale Park Task Force, Advisory Council for Albany ProMusica, and the Albany Symphony Orchestra’s Task Force on Diversity, Equity and Inclusion. Past service includes member of the Chamber of Schenectady County. Sax served on the board of directors from 2008-2017 and served as chair from 2014-2016 and currently serves as the Co-Chair for the Foundation’s Campaign for Impact. 

Director Reshma Mulchandani Selected for Leadership Tech Valley Class of 2020

Posted on: 9/23/19

Marvin and Company principal Reshma Mulchandani, CPA selected to participate in the Leadership Tech Valley Class of 2020

https://capitalregionchamber.com/news/leadership-tech-valley-class-of-2020-announced/

Marvin and Company, P.C. Profile of Success: Albany Business Review

Posted on: 2/6/19

Check out our recent Profile of Success in the Albany Business Review (February 1, 2019 edition)

Marvin and Company, P.C. Announces Kevin P. O’Leary, CPA as New Managing Director

Posted on: 1/7/19

Marvin and Company, P.C., an award-winning Capital Region accounting, auditing, taxation and management consulting firm, is pleased to announce the election of Kevin P. O’Leary, CPA as the new Managing Director of the Firm, effective January 1, 2019.  O’Leary succeeds Kevin J. McCoy, CPA, CFF as Managing Director, who has led the firm in this role since 1991.  McCoy will continue with the firm advising and servicing clients as a Principal.
 
“It has been an honor to serve as Managing Director for the past 27 years,” says McCoy. “The growth and progression of the firm have been outstanding the past 95 years, and I know it will continue to make leaps and bounds under the direction of Kevin O’Leary.”
 
O’Leary began his career with Marvin and Company in 1999 and became a Director in 2010.  He has nearly 20 years of experience in corporate and personal income tax.  He is also the director in charge of the Firm’s tax department.  He primarily deals with individual and corporate tax compliance, Form 990 issues and assisting non-profits to obtain exempt status.  Kevin also oversees the firm’s business development and marketing initiative, which includes budgeting, marketing goals and scheduling of events and participation.
 
“I am humbled and excited to be elected as the Managing Director of Marvin and Company, P.C.,” said O’Leary. “Our Firm is built on a strong foundation and our staff is dedicated to serving our clients, our community, and each other. Our Firm will continue to rise to meet the challenges of our clients. I have some big shoes to fill, but with the great team we have at Marvin, I strongly believe we can accomplish our immediate and long-term goals.”
 
O’Leary previously served on the Small Business Committee for the Albany-Colonie Regional Chamber of Commerce and served as the treasurer of Capital Region Sponsor-A-Scholar. He is a past President, President-Elect, Treasurer and Secretary of the Northeast Chapter of the New York State Society of CPAs. Kevin is also very involved in the local start-up community as an investor with Eastern NY Angels and a sponsor of local events such as Start-up weekend at Grand-Slam Alley and the College of Nanoscale Science and Engineering as well as many college incubator programs.  He currently serves on the board of the New York State Society of Certified Public Accountants (NYSSCPA).
 
Kevin graduated from Hartwick College in Oneonta, New York, where he received his BS in Accounting.  His wife, Tara, is also a CPA and they are parents to two boys, Mason (6) and Nick (4).
 
About Marvin and Company P.C.
Now in its 10th decade, Marvin and Company P.C., named a 2014, 2015, 2016, 2017 and 2018 Top Workplaces in the Capital Region by the Albany Times Union, a 2017 and 2018 Albany Business Review Best Places to Work and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

CITY OF ALBANY MAYOR KATHY SHEEHAN DELIVERS PROCLAMATION HONORING MARVIN AND COMPANY, P.C. ON ITS 95TH ANNIVERSARY

Posted on: 10/19/18

City of Albany Mayor Kathy Sheehan issued a proclamation today honoring Marvin and Company, P.C. on their 95th anniversary.

City of Albany Mayor Kathy Sheehan and Marvin and Company, P.C. Tax Director Kevin P. O'Leary, CPA

In business and in life, making a difference is what it’s all about. In commemoration of our 95th year of service, we asked ourselves how each Marvin & Company employee might demonstrate that commitment in their own way, through their own personal lens. The answer (fittingly for a CPA firm) was numerical: 95. Specifically, $95 – the amount each Marvin & Company employee has been allotted in commemoration of the occasion to make a difference at some point during 2018. Whether through donations to charitable organizations, random acts of kindness, or other actions we have yet to foresee, each My95 story will be unique—and our Marvin and Company family will share them via social media throughout the year.

“I am honored to be here to congratulate you on this huge milestone, 95 years in business, which is something to be celebrated”, said Mayor Kathy Sheehan. “Thank you for your economic and civic contributions to the city."

“The occasion of our 95th anniversary provides a unique opportunity to reflect on the people who have made a lasting difference at every stage of our evolution and growth—our clients and our people,” said Kevin P. O’Leary, Tax Director and member of the Executive Committee at Marvin and Company, P.C. “We have built our firm on the principle of community service and believe that our success is shaped by the success of the communities in which we live and work. The My95 campaign is the perfect way to demonstrate our commitment to that core principle.”

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, was founded in 1923 by Charles L. Marvin who opened an office at 12 Jay Street in Schenectady. Today the company employs 70 people in offices in Latham and Queensbury, NY.

The proclamation stated:

 

Recognizing the 95th Anniversary of Marvin and Company, P.C.

WHEREAS, Marvin and Company, P.C. was organized in 1923 by Charles L. Marvin; and

WHEREAS, Marvin and Company, P.C. is one of the largest and oldest, regional certified public accounting firms in the Capital Region of New York State; and

WHEREAS, The firm has a proud history of service to the community, with staff spending more than 2,000 hours each year serving on the boards of non-profit organizations and holding leadership positions at area chamber of commerce and in local start-up companies; and

WHEREAS, The firm has been recognized as a “Top Workplace” for five years in a row and a “Best Place to Work” as well as a “Best Accounting Firm to Work For” highlighting our exceptional reputation not only as a public accounting firm, but also as an employer.

NOW, THEREFORE, I, Kathy M. Sheehan, Mayor of the City of Albany, New York do hereby proclaim Friday, October 19, 2018 to be:

“Marvin and Company, P.C. Day”

In the City of Albany, and ask the residents to join me in recognizing Marvin and Company, P.C.’s 95th anniversary year and thank the company for its economic and civic contributions to our community.

 

 

See the full 95th Anniversary Proclamation at: https://www.marvincpa.com/images/uploads/general/Proclamation_City_of_Albany_2018.pdf

Photos from the event: https://www.marvincpa.com/my95/view/photos-from-city-of-albany-mayor-kathy-sheehans-visit-and-presentation-of-95th-anniversary-proclamation

More information on the My95 campaign: http://www.marvincpa.com/news-and-events/my-95/

 

 

About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C., named one of the 2014, 2015, 2016 and 2017 Top Workplaces in the Capital Region by the Albany Times Union, 2017 Best Places to Work by the Albany Business Review and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

THE TIMES UNION NAMES MARVIN AND COMPANY, P. C. A 2018 TOP WORKPLACES AWARD WINNER FOR 5TH YEAR IN A ROW

Posted on: 4/17/18

ALBANY, NY (April 17, 2018) – Marvin and Company has been awarded a 2018 Top Workplaces honor by The Albany Times Union for the fifth year in a row. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage, LLC (formerly WorkplaceDynamics), a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution, and connection, just to name a few.

“We are delighted to receive this award for the fifth consecutive year, it’s a testimony to the company’s values of respect, integrity, excellence, innovation, leadership and teamwork. Our leadership team is proud of what the people in this company have achieved, and it is our privilege to provide a workplace that allows them to grow and thrive – and enjoy coming to work,” said Kevin P. O’Leary, the firm’s Tax director. “As we celebrate our 95th Anniversary this year, we continue to build on our strong presence in the Capital Region, where we started. We strive every day to make this a fun and rewarding place to work and are proud to receive such positive feedback from the employees who make us successful.”

Marvin and Company provides employees with many benefits including; flexible hours/schedule, 100% individual health insurance benefit coverage, community service time off, charity dress down Fridays, social events (e.g. happy hours, barbeques, summer outings, Siena basketball games, holiday party, end of busy season party), referral bonus program, and highly competitive compensation and benefits. Marvin and Company also contributes to more than 100 not-for-profit organizations throughout New York State through sponsorships and community service.

“Top Workplaces is more than just recognition,” said Doug Claffey, CEO of Energage. “Our research shows organizations that earn the award attract better talent, experience lower turnover, and are better equipped to deliver bottom-line results. Their leaders prioritize and carefully craft a healthy workplace culture that supports employee engagement.”

The Albany Times Union published the complete list of Top Workplaces on Thursday, April 6, 2019.

###

About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C., named one of the 2014, 2015, 2016, 2017 and 2018 Top Workplaces in the Capital Region by the Albany Times Union, a 2017 Albany Business Review Best Places to Work and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.


About Energage, LLC
Headquartered in Exton, PA., Energage (formerly known as WorkplaceDynamics) is a leading provider of technology-based employee engagement tools that help leaders to unlock potential, inspire performance, and achieve amazing results within their organizations. The research partner behind the Top Workplaces program, Energage has surveyed more than 47,000 organizations representing well over 16 million employees in the United States.
 

TOWN OF COLONIE SUPERVISOR PAULA MAHAN DELIVERS PROCLAMATION HONORING MARVIN AND COMPANY, P.C. ON ITS 95TH ANNIVERSARY

Posted on: 4/5/18

LATHAM, NY (April 5, 2018) —  Town of Colonie Supervisor Paula Mahan along with Town Board Members Paul Rosano and Melissa Von Dollen issued a proclamation today honoring Marvin and Company, P.C. on their 95th anniversary.

In business and in life, making a difference is what it’s all about. In commemoration of our 95th year of service, we asked ourselves how each Marvin & Company employee might demonstrate that commitment in their own way, through their own personal lens. The answer (fittingly for a CPA firm) was numerical: 95. Specifically, $95 – the amount each Marvin & Company employee has been allotted in commemoration of the occasion to make a difference at some point during 2018. Whether through donations to charitable organizations, random acts of kindness, or other actions we have yet to foresee, each My95 story will be unique—and our Marvin and Company family will share them via social media throughout the year.

“Marvin and Company has been providing professional and exceptional service to its clients in the Town of Colonie and beyond”, said Town of Colonie Supervisor Paula Mahan. “I congratulate them on their 95th Anniversary.”

“The occasion of our 95th anniversary provides a unique opportunity to reflect on the people who have made a lasting difference at every stage of our evolution and growth—our clients and our people,” said Kevin P. O’Leary, Tax Director and member of the Executive Committee at Marvin and Company, P.C. “We have built our firm on the principle of community service and believe that our success is shaped by the success of the communities in which we live and work. The My95 campaign is the perfect way to demonstrate our commitment to that core principle.”

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, was founded in 1923 by Charles L. Marvin who opened an office at 12 Jay Street in Schenectady. Today the company employs 70 people in offices in Latham and Queensbury, NY.

 

The proclamation stated:

Recognizing the 95th Anniversary of Marvin and Company, P.C.

Whereas, It is with great pride that I congratulate Marvin and Company, P.C. on celebrating its 95th Anniversary;

Whereas, Marvin and Company, P.C. was organized in 1923 by Charles L. Marvin; today Marvin and Company, P.C. is one of the largest and oldest, regional certified public accounting firms in the Capital Region of New York State; and

Whereas, the firm has a proud history of service to the community, with staff spending more than 2,000 hours each year serving on the boards of non-profit organizations and holding leadership positions at area chambers of commerce and in local start-up companies; and...

 

See the full 95th Anniversary Proclamation here

 

See photos from the event here

 

More information on the My95 campaign: http://www.marvincpa.com/news-and-events/my-95/

 

About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C., named one of the 2014, 2015, 2016 and 2017 Top Workplaces in the Capital Region by the Albany Times Union, 2017 Best Places to Work by the Albany Business Review and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

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Marvin and Company Adds Albany CPA Firm Tice, Brunell & Company, CPA’s P.C. Effective January 1

Posted on: 1/10/18

Tice, Brunell & Company, CPA’s P.C., has merged with Marvin and Company, P.C. Effective January 1, 2018

We can now be reached at 518-785-0134 or by email:

Kenneth E. Tice, Jr., CPA - ket@marvincpa.com
Michael J. Brunell, CPA/PFS - mjb@marvincpa.com
Brian D. Foster, CPA - bdf@marvincpa.com

 

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms is proud to announce that Tice, Brunell & Company, CPA’s P.C., an Albany-based CPA firm specializing in accounting, tax preparation, business consulting, QuickBooks and bookkeeping services to individuals and small businesses has merged with the 95-year old company.

The merger is effective Jan. 1, and the combined company will have nearly 70 employees and 9 directors — owners within the company — across two offices in Albany and Queensbury under the name Marvin and Company, P.C.

“Our growth plan calls for mergers with firms just like Tice, Brunell & Company, CPA’s P.C.,” said Kevin P. O’Leary, CPA, Tax Director and member of the firm’s Executive Committee. “This merger and our combined capabilities will allow Marvin and Company to better serve the needs of small and mid-size businesses in this market and most importantly it is a great cultural fit.”

Kenneth E. Tice, Jr., CPA and Michael J. Brunell, CPA/PFS will be Principals and Brian D. Foster, CPA will be a Senior Tax Associate and they will work out of Marvin and Company’s Latham location.

“While we are very proud of the history of Tice, Brunell & Co., CPAs, and formerly Wagner and Farina, PC, we also realized that the next step for our team and our clients was to merge with a firm of comparable quality that would enable us to expand services to our clients,” said Michael J. Brunell, CPA/PFS. “Teaming with Marvin and Company, which has a strong presence in the Capital District and shares our same philosophies and commitment to client service, allows us to stay on the cutting edge of changes so prevalent in today’s accounting and financial services markets, thereby strengthening our inherent objectives.”

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About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C., named one of the 2014, 2015, 2016 and 2017 Top Workplaces in the Capital Region by the Albany Times Union, 2017 Best Places to Work by the Albany Business Review and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com,  or call 518-785-0134.

About Tice, Brunell & Company, CPA’s P.C.

Tice, Brunell & Company, CPA's P.C. provides the experience needed to be effective in managing the financial matters of individuals, as well as the corporations, agencies, companies and not-for-profits they represent. Collectively, the partners offer comprehensive coverage regarding the management of simple and complex financial and tax-related decisions that achieve immediate and long-term goals.

Small Business Owners Should Consider Accelerating Expenses, Delaying Receipts

Posted on: 11/10/17

Director Jim Amell discusses year-end tax planning in this recent article from the Glens Falls Business Journal - check it out here

Marvin and Company Named “Best Place to Work” by Albany Business Review for 2017

Posted on: 10/26/17

Marvin and Company is proud to announce being named one Albany Business Review’s 2017 Best Places to Work in the medium-large category. Best Places To Work measures several categories of excellence via a set of employee surveys. This makes it a wonderful insight into how a company is performing in areas such as team dynamics, leadership, and communication.

This award comes on the heels of Marvin and Company being awarded a 2017 Top Workplaces honor by The Times Union for the fourth year in a row as well as a 2016 Best Accounting Firms to Work For honor by Accounting Today.

Director, Kevin P. O'Leary, CPA, says, “This award once again demonstrates the pride our team takes in making Marvin and Company a wonderful place to work. I am grateful to work with such an amazing group of people every day. Like each award we've been fortunate enough to win in the past, this motivates us to continue making Marvin and Company a better place to work.” We  congratulate all the other amazing companies on this list. We look forward to many years of success alongside each of you!

 

Marvin and Company’s Megan Tan Earns CPA and CIA Designations

Posted on: 5/4/17

Marvin and Company congratulates Senior Tax Associate Megan Tan for earning her Certified Public Accountant (CPA) and Certified Internal Auditor (CIA) designations. 

Megan joined Marvin and Company's tax staff in 2015. “Part of the responsibility we have as a firm is to encourage our associates to pursue continuing education opportunities that will help us in further strengthening the services we can offer to our clients,” said Kevin J. McCoy, CPA, CFF, the firm’s Managing Director. “We are very proud of what Megan has accomplished by earning the CPA and CIA designations. We know the additional expertise she gained by going through both processes will benefit the firm and our clients.”

Earning the CIA documents that as a trained internal auditor, Megan is prepared and committed to meeting today’s challenges. According to the IIA, earning the CIA designation is seen as a professional advantage for auditors at all stages of their career, including chief audit executives, audit managers, audit staff, and risk management staff, as well as students. To achieve the certification, candidates must complete course work and pass a three-part CIA exam or CIA Challenge Exam. Plus, candidates can only earn a CIA designation if they have obtained a minimum of one year internal auditing experience or its equivalent s. The Institute of Internal Auditors is an international professional association with members who work in internal auditing, risk management, governance, internal control, information technology auditing and security.
 
The CPA credential is a license issue by one of the 55 states or territories of the United States that authorizes the holder to practice as a certified public accountant in that jurisdiction. Licensing of CPAs helps to protect the public interest because only those individuals who have met prescribed requirements are permitted to identify themselves to the public as a CPA. To qualify, an individual must complete 150 semester hours of education then pass the Uniform CPA Examination, a 14-hour examination with sections in Auditing and Attestation, Business Environment and Concepts, Financial Accounting and Reporting, and Regulation. Finally, the candidate must have one year of professional experience under the supervision of a CPA. Each jurisdiction has a board of accountancy that regulates the profession and establishes rules of conduct and ethics that CPAs are required to abide by. In New York, CPAs must complete 40 hours of continuing education each year to maintain an active license.

The Malaysian native is a graduate of the National University of Malaysia where she earned her Bachelor’s degree in Finance and The University at Albany where she earned her Master’s degree in Accounting. Before joining the Marvin and Company, P.C. team, Megan worked for Deloitte in Malaysia and The Iyer Practice in Singapore.

She also holds a Certified Fraud Examiners (CFE) and a Fellow Member of the Association of Chartered Certified Accountants (FCCA) designation.

MARVIN AND COMPANY GROWS WITH ADDITION OF FIVE PROFESSIONALS

Posted on: 4/10/17

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, continues to grow and is pleased to announce the addition of five new hires to its team.

“We are extremely excited to have these talented individuals join our team,” said Kevin J. McCoy, the firm’s Managing Director.

Andrew A. Matthews, CPA joins the audit department as an Assurance Manager. Andy earned his Bachelors from the University of Connecticut along with a Certificate in Accounting from Siena College. He specializes in commercial businesses and employee benefit plans. Andy comes to Marvin and Company with nearly 20 years of accounting experience. He was most recently an Audit Manager for BST & Co. CPAs, LLP, where he focused primarily on commercial businesses and employee benefit plans. Prior to that he was with UHY, LLP, where he focused on not-for-profits and higher education as well as commercial businesses and employee benefit plans. Andy is currently the treasurer for the New York State Society of Certified Public Accountants (NYSSCPA).

 

Brandon Smith joins the audit department as a Senior Assurance Associate. He was previously with The Bonadio Group where he was an Audit Experienced Assistant focusing on Government, Compliance and Labor. He was also a previous Tax Intern for General Electric and a Tax Clerk for the Capital Communications Federal Credit Union. Brandon received his Masters in Accounting from Siena College. He plays hockey for Albany Area Hockey clubs and was also a volunteer firefighter for the Slingerlands Fire Department.

 

 

Matthew L. Burnell joins Marvin and Company as a Senior Tax Associate.  Matt previously worked for the AYCO as a Financial Planner. Matt is experienced in areas such as Estate Planning, Advanced Personal, Gift, Trust, Estate Taxation and Investment Management. He has earned his Bachelors in Psychology from SUNY Plattsburgh and is currently pursuing his MBA with a Tax Focus from SUNY Albany.

 

 

Phillip J. Zdanowski joins Marvin and Company as an Audit Associate. He earned his Masters and Bachelors in Accounting from the College of St. Rose. He was a member of the Delta Mu Delta Honor Society and earned a Certificate in Forensic Accounting. Phil was a resident assistant at the college and played baseball on the St. Rose team for 4 years where he earned several accolades, including the colleges Man of the Year award, Male Athlete of the Year nominee, NorthEast-10 Baseball Conference Spring academic All-Conference award, Capital One Academic All-District honoree and Perfect Game Collegiate Baseball League Pitcher of the Week award.

 

 

Aliaksandra Khutsko joins Marvin and Company as an Audit Associate. Alex earned her Bachelors in Accounting from the Sage College of Albany and is currently pursuing her MBA with Concentration in Finance from the same institution. She was most recently an intern with the NYS Department of Health- Finance and Rate Setting Division. She is trilingual in Russian, Belarussian and English.

 

 

Marvin and Company, P.C. is constantly on the lookout for outstanding candidates, especially those with advanced degrees (3-5+ years’ experience) because their education and skillsets are critical to the success of our growing firm.

Now in its 10th decade, Marvin and Company P.C., named one of the 2014, 2015, 2016 and 2017 Top Workplaces in the Capital Region by the Albany Times Union and a 2016 Accounting Today Best Accounting Firms to Work for., is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com,  or call 518-785-0134.

MARVIN AND COMPANY, P.C. EARNS “TOP WORKPLACE” HONOR FOR 4TH YEAR IN A ROW

Posted on: 4/6/17

Marvin and Company is pleased to announce that it has been awarded a Top Workplaces honor for the fourth year in a row by The Times Union.  The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including Alignment, Execution, and Connection, just to name a few.

“We are grateful to be honored as a Top Workplace for the past four consecutive years,” said Kevin J. McCoy, the firm’s managing director. “We have an outstanding employee base that appreciates the culture we have created at Marvin and Company.”

Marvin and Company, now in its 10th decade serving the regional business community from its headquarters in Latham and additional office in Queensbury, is committed to making investments in training, professional development, work/life balance, and other benefits to support our people, McCoy noted.

Marvin and Company provides employees with many benefits including; flexible hours/schedule, 100% individual health insurance benefit coverage, community service time off, charity dress down Fridays, social events (e.g. happy hours, barbeques, summer outings, Siena basketball games, holiday party, end of busy season party), referral bonus program, and highly competitive compensation and benefits. Marvin and Company also contributes to more than 100 not-for-profit organizations throughout New York State through sponsorships and community service.

The Marvin culture unifies the firm to work as a team toward the same goal—the highest level of client satisfaction. Hard work is not only appreciated, but rewarded. As a result, they have achieved high employee retention and development, with many employees at the firm for more than 20 years.

The Albany Times Union published the complete list of Top Workplaces on Thursday, April 6, 2017.

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About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

About The Top Workplaces Survey

Headquartered in Exton, PA, WorkplaceDynamics specializes in employee feedback surveys and workplace improvement. This year alone, more than two million employees in over 6,000 organizations will participate in the Top Workplaces™ campaign—a program it conducts in partnership with more than 40 prestigious media partners across the United States. Workplace Dynamics also provides consulting services to improve employee engagement and organizational health. WorkplaceDynamics is a founding B Corporation member, a coalition of organizations that are leading a global movement to redefine success in business by offering a positive vision of a better way to do business.

MARVIN AND COMPANY, P.C. PROMOTES CLINK TO DIRECTOR

Posted on: 2/13/17

ALBANY, NY (January 1, 2017) — Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce the promotion of Alan W. Clink, CPA from Principal in the firm’s Audit and Assurance Department, to Director.  Clink joined the firm in 2005.

“Alan’s expertise, commitment, and innovation have a major impact on the firm and our clients,” said Kevin J. McCoy, CPA, managing partner for Marvin and Company, P.C.  “We are honored to welcome him to the partner group, and we look forward to Alan’s leadership in the firm while he continues to deliver clients personalized services.”

Alan has extensive experience providing accounting and auditing services to various entities including not-for-profit organizations, manufacturers, health care organizations, employee benefit plans, local unions, membership organizations, worker compensation trusts, and HUD audits, as well as consulting services including internal audit.

Previously, Alan was a staff accountant with Piaker & Lyons, P.C. of Norwich and Proctor & Gamble, also in Norwich.

He is a 1998 Magna Cum Laude graduate of Hartwick College with a BS in Accounting.  Alan is currently a member of the American Institute of Certified Public Accountants as well as the New York State Society of Certified Public Accountants.  Alan is also the Treasurer of the Board of Directors of the United Way of New York State.

Director James Amell Interviewed for LOOKTV Story on Euro Zone Brexit

Posted on: 6/27/16

James E. Amell, CPA, Director of Marvin & Company CPA, sat down with LOOKTV to discuss Great Britain leaving the Eurozone, and how that affects us on a global and local level.

Department of Labor announced Final Rule updating overtime regulations

Posted on: 6/9/16

CHANGES TO EXEMPT EMPLOYEE STATUS 


 

On May 18, 2016, the Department of Labor announced their Final Rule updating the overtime regulations, which will impact employees who may currently be classified as Exempt and not entitled to overtime pay.  Employers may want to take this opportunity to audit employee job descriptions to ensure that those employees, whose salary does not meet the new minimum, still qualify for Exempt status based on the DOL's SALARY BASIS TEST.

Click HERE for more information.

*Marvin and Company, P.C. will be hosting a webinar on this topic on July 20 as part of our Marvin University Webinar Series. Stay tuned for details.

Brenda Schermerhorn of Marvin and Company, P.C. to be featured on Siena Alumni Connection

Posted on: 5/26/16

​She and her beagle (Henry) visit hospitals and nursing homes as patient therapy. Siena grad Brenda Schermerhorn of Marvin and Company, P.C. also explains on the Siena Alumni Connection why accounting isn't just about the numbers.

Program airs Friday, 4:30 pm on FM 88.3wvcr.com and on the iHeart radio app. Mark Grimm is the host. We'll have a link to the interview after it airs.

Marvin and Company, P.C. Partners with BizLab’s BizHub as Accounting Expert

Posted on: 5/3/16

The New York BizLab, a technology accelerator, officially launched the BizHub this week made up of the Tech Valley region’s top-tier experts in the areas of accounting, human resources, legal and recruiting services.

Marvin and Company, P.C. is proud to partner with BizLab’s BizHub as an accounting and tax expert for area startup technology companies. Since our founding in 1923, we have built our firm on shaping the futures of our clients, our employees and our communities. We turn to this experience time and time again to help those same clients, our employees and communities and now startup companies, shape their future.

Marvin and Company, P.C. is very involved in the local start-up community. The Director of our tax department is an investor with Eastern NY Angels and the firm is a sponsor of local events such as Start-up weekend at Grand-Slam Alley and the College of Nanoscale Science and Engineering as well as many college incubator programs.

Marvin and Company, P.C. recently created an e-book dedicated to providing start-up advice straight from the experts. The e-book (available on the Marvin and Company website), titled: “The Anatomy of a Start-Up” was created to help those who have recently started a new business or are considering venturing out on your own. In the e-book, we highlight the topics that are vital to the success of start-ups and growing businesses, including:

  • Determining the Right Entity Type for Your Business
  • Understanding Financial Statement Reporting
  • Hire a Contractor or an Employee?

As you read through the articles, you’ll find proven growth strategies, novel ideas that will help your company become more successful and ways to proactively protect your business from risk.

The New York BizLab’s BizHub was designed to provide startup technology companies with the best-in-class experts in the areas that startups need the most. The BizHub experts will work out of an office in the BizLab, with each day devoted to a specific specialty area. For example, a legal expert will be on site on Tuesdays, an HR expert is scheduled for Wednesdays, accounting and tax expert is scheduled for Thursday's, etc.

The BizHub team of advisers is comprised of:

  • Deb Best of Deb Best Practices
  • Tom Donovan of Marvin and Company, P.C. CPAs
  • Howard Foote of UHY LLP
  • Rich Honen of Phillips Lytle
  • Jim Lozano of CFO for Hire
  • Arkley Mastro of Lavelle & Finn
  • Bill Tansey and Katie Tansey of HR Resolved
  • Chris Wessell of Pinnacle Recruiting

Marvin and Company, P.C. Accounting and Tax Experts

About New York BizLab

The New York BizLab, http://www.nybizlab.net, is a business accelerator located in Schenectady, New York. It is focused on helping tech companies grow smart and grow fast. The BizLab has state-of-the-art space, 1Gig Internet access and more than 30 CEOs and entrepreneurs in its stable of advisors. The BizLab, which is a Start-Up NY-approved site, was founded by Antonio Civitella, the president and CEO of Transfinder, a logistics software company that has been featured on Inc. magazine’s fastest-growing companies’ list for the past nine years.

MARVIN AND COMPANY, P.C. NAMED “TOP WORKPLACE” THIRD YEAR IN A ROW

Posted on: 4/6/16

Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has been awarded a 2016 Top Workplaces honor by The Times Union.  The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including Alignment, Execution, and Connection, just to name a few.

“The Top Workplaces award is not a popularity contest. And oftentimes, people assume it’s all about fancy perks and benefits.” says Doug Claffey, CEO of WorkplaceDynamics. “But to be a Top Workplace, organizations must meet our strict standards for organizational health. And who better to ask about work life than the people who live the culture every day—the employees. Time and time again, our research has proven that what’s most important to them is a strong belief in where the organization is headed, how it’s going to get there, and the feeling that everyone is in it together. Claffey adds, “Without this sense of connection, an organization doesn’t have a shot at being named a Top Workplace.”

“This achievement powerfully demonstrates the ongoing commitment of our team members and it’s an honor to once again receive this recognition,” said Kevin J. McCoy, the firm’s managing partner. “We pride ourselves on having created a culture where employees work hard, see the results of their contribution and have fun in the process. We are proud of the great people on our Team and sincerely thank them for their contributions.”

Marvin and Company, now in its 10th decade serving the regional business community from its headquarters in Latham and additional office in Queensbury, is committed to making investments in training, professional development, work/life balance, and other benefits to support our people, McCoy noted.

Marvin and Company provides employees with many benefits including; flexible hours/schedule, 100% individual health insurance benefit coverage, community service time off, charity dress down Fridays, social events (e.g. happy hours, barbeques, summer outings, Siena basketball games, holiday party, end of busy season party), referral bonus program, and highly competitive compensation and benefits. Marvin and Company also contributes to more than 100 not-for-profit organizations throughout New York State through sponsorships and community service.

The Marvin culture unifies the firm to work as a team toward the same goal—the highest level of client satisfaction. Hard work is not only appreciated, but rewarded. As a result, they have achieved high employee retention and development, with many employees at the firm for more than 20 years.

The Albany Times Union published the complete list of Top Workplaces on Thursday, April 7, 2016.

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About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

About The Top Workplaces Survey

Headquartered in Exton, PA, WorkplaceDynamics specializes in employee feedback surveys and workplace improvement. This year alone, more than two million employees in over 6,000 organizations will participate in the Top Workplaces™ campaign—a program it conducts in partnership with more than 40 prestigious media partners across the United States. Workplace Dynamics also provides consulting services to improve employee engagement and organizational health. WorkplaceDynamics is a founding B Corporation member, a coalition of organizations that are leading a global movement to redefine success in business by offering a positive vision of a better way to do business.

Director James Amell Interviewed for Times Union Story on New Obamacare Tax Form 1095

Posted on: 2/1/16

New Obamacare tax form is one for the files
Form 1095 verifies that person met Obamacare health coverage mandate

By Claire Hughes
​Posted to TimesUnion.com 6:39 am, Monday, February 1, 2016

 

There's a new tax form coming to your mailbox — for some, it has already arrived — courtesy of Obamacare.

Here's the most important thing to know about Form 1095, area experts said: You should keep it with your tax records once you get it, but you don't need to wait for it to arrive in order to file your taxes. At least not this year.

The form is a new requirement under the Affordable Care Act for employers, insurance companies and state-run insurance exchanges to provide Americans with independent verification that they met the law's mandate to carry health insurance.

Initially, it was intended to arrive at the same time as your W-2s, which this year are due from your employer by Feb. 1. A deadline extension to March 31, however, prompted regulators to permit taxpayers to file without the 1095, making 2015 another year in which state and federal tax agencies will rely on Americans to be honest about their coverage, according toThomas Flynn, a principal in the Rochester office of the benefits company Mercer.

"The government has given everyone an OK to basically self-report again," Flynn said.

The deadline extension came about because some of the information required on Form 1095 has not previously been collected by payroll departments, said John Millet, president of Bouchey & Clarke Benefits Inc. in Troy. The form, for instance, must show not only an employee's health coverage, but also the lowest-cost individual plan that the company offered.

"That data is not typically saved in payroll systems," Millet said.

Form 1095 comes in A, B and C varieties. Form 1095-A, from the state, is for individuals who purchased insurance through NY State of Health, the online marketplace established by the state in October 2013. Form 1095-B comes directly from the insurance carrier that provides coverage, and Form 1095-C from large employers that are required to provide coverage under the law, which is known as Obamacare.

Some employees will receive both 1095-B from an insurance company and 1095-C from their employer, Millet said.

The important thing to do is hang on to it, in case you're one of the Americans to be audited by the Internal Revenue Service, experts said.

If you didn't have health insurance in 2015, the penalties this year have increased enough for most families to feel the difference, said Jim Amell, a director at Marvin and Co., a Latham-based accounting firm. The penalty is the greater of 2 percent of household income; or $325 per adult and $162 per child, capped at $975 per family.

The federal law's mandate for most Americans to carry health insurance went into effect in 2014. Despite publicity surrounding the law, some of Marvin and Co.'s clients were surprised last year that those penalties, though smaller a year ago, ate up the refund they expected, Amell said.

That penalty increases even more for those without health insurance in 2016.

chughes@timesunion.com • 518-454-5417 • @hughesclaire

MARVIN AND COMPANY, P.C. NAMES YOUNGEST FEMALE DIRECTOR

Posted on: 1/29/16

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce that Heather R. Lewis, CPA has been named a Director and Shareholder. Lewis is the youngest female director in the firm’s over 90-year history.  Lewis joined the firm in 2002 and previously served as a senior assurance manager.

“Heather brings years of demonstrated excellence in the areas of technical expertise, firm leadership, financial performance, staff development, teamwork, personal effectiveness, client relationship management, business development and community leadership,” said Kevin J. McCoy, CPA, managing partner for Marvin and Company, P.C.  “My colleagues and I are honored to welcome Heather into the partnership and congratulate her for her hard work and outstanding leadership.”

Heather has more than 14 years’ experience providing accounting, auditing and tax services to various entities including school districts, governmental organizations, rehabilitation organizations and not-for-profits. She is one of three members of the Firm’s audit and accounting executive committee, responsible for monitoring compliance with professional standards, proactively implementing new standards, and developing staff training programs.

In addition, Heather leads the firm’s school district auditing and consulting practice. She has been a key member of the firm’s coaching program since its inception nearly a decade ago, mentoring more than a dozen young professionals. She provides all of the firm’s continuing professional education (CPE) on the Government Accountability Office (GAO) accounting, auditing and compliance topics.

Heather is also a certified peer reviewer who is called upon as a participant in peer reviews of other CPA firms when her expertise in governmental auditing and accounting is required. She is a frequent presenter at the New York State Association of School Business Officials (NYSASBO) Annual Conference and treasurer training.

Heather is an integral part of the operations of the Accounting and Auditing practice at the firm and is relied upon heavily to provide leadership and serve as a role model to our staff and is a trusted professional to her many clients.

Heather is a board member and the treasurer for Ingersoll Place Assisted Living Facility and serves on the treasurer's Steering Committee of the NYS Association of School Business Officials. She is also a member of the American Institute of Certified Public Accountants (AICPA), the AICPA Government Audit Quality Center, the New York State Society of Certified Public Accountants and an active member of the Rensselaer County Chamber of Commerce. She is also very active among several women’s networking groups.

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About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C., named one of the 2014 and 2015 Top Workplaces in the Capital Region by the Albany Times Union, is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

MARVIN AND COMPANY, P.C. ADDS THREE NEW EMPLOYEES AND PROMOTES EIGHT

Posted on: 1/29/16

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, continues to grow and is pleased to announce the addition of three new hires to its team as well as several staff promotions.

“Marvin and Company is excited to welcome Reshma, Jennifer and Sean to our staff and we’re proud of the hard work of our promoted staff,” said Director Kevin O’Leary, CPA. “These professionals strengthen our firm, helping enhance the quality of services we have to offer, which reinforces our commitment to meeting the needs of our client base and the community.”

  • Reshma N. Mulchandani, CPA joins the tax department. She has over eight years of experience in public accounting, seven of which she spent with a firm in Schenectady. She earned her Associate of Business Administration degree at SUNY Adirondack Community College and her Bachelors of Science in Accounting from Siena College.
  • Jennifer A. Menard is a recent graduate of the University of Phoenix where she earned her Master’s and Bachelor’s degrees in accounting. The Vermont native has several years of experience in accounting having worked for a boutique accounting firm and a credit union.
  • Sean M. Daley, joining the audit department, earned his Master’s in Business Administration - Finance and Bachelor’s in accounting from Sage Colleges of Albany. Daley, a resident of Watervliet, was previously an internal auditor at Albany Medical Center.

In addition to the new hires, Marvin and Company, P.C. has promoted numerous staff members for their exceptional efforts in 2015. In our Latham office, Craig T. Borgen and Jessica L. Olszowy were all promoted to Level II Assurance Associate, Veronica L. Maheux, CPA and John M. Schlegel, CPA were promoted to Senior Assurance Associate, Joshua L. Mabee, CPA was promoted to Level II Senior Assurance Associate, and Christopher J. Healy, CPA was promoted to Assurance Supervisor. In our Queensbury office, Mark J. Quackenbush has been promoted to Level II Senior Assurance Associate. 

Credits Due - Director Kevin O’Leary Interviewed For Times Union Article

Posted on: 1/26/16

CREDITS DUE
PAUL NELSON
PUBLICATION: Times Union, The (Albany, NY)
SECTION: Spaces
DATE: January 24, 2016
EDITION: Final Edition
Page: G14


We all know about clipping coupons to save at the store or when dining out, but what about using our home to save on monthly bills and earn a few tax credits in the process?

That's what John Windover has done. Windover noticed an immediate savings on his utility bill after having 33 solar panels installed on the back roof of his Averill Park home last summer.

He estimates that at first his energy cost went down by around $230 a month, about $130 in the fall, and between $70 and $90 with the colder weather.

"It makes economic sense to take advantage of free energy on the roof," said Windover, a damage evaluator for Allstate. "I think it's a great thing for the environment, and it just makes sense." Solar panels or photovoltaic systems are solar cells that capture light energy from the sun and convert it directly into electricity.

The Windovers were able to take advantage of $20,000 in nonrefundable state and federal solar energy tax system equipment credits and the New York State Energy Research and Development Authority (NYSERDA) rebate to offset the $37,000 cost of installing the panels and inverters.

Right now, the NYSERDA rebate amounts to about 50 cents a watt. For example, a person who has a 10,000 watt system qualifies for a $5,000 rebate. The federal credit is 30 percent and not capped, while the state credit is 25 percent but is limited to $5,000, according to information online.

As we move into tax season, homeowners (and tax professionals) are tallying deductions. It's also a good time to think about what you may be able to do to your home this year to save on your 2016 bill.

Wider availability of credits and the desire to be more environmentally friendly have led to an explosive growth in solar energy systems among homeowners.

"They mostly do it to save the money, but there's no doubt solar energy is cleaner," said John Hodgens, a solar energy consultant with Monolith Solar in Rensselaer. "Every year, our residential division has grown exponentially," he said.

In part because of their relative complexity, other ''green'' energy options, such as geothermal pumps and small wind turbines, are less popular, he said.

The installation of new windows and exterior doors also offers a maximum lifetime tax credit of $500, said CPA Kevin O'Leary of Marvin and Company in Latham.

The breakdown for these so called non-business energy property credits are $200 for windows, $50 for any advanced main air circulating fan, $150 for any qualified natural gas, propane, or oil furnace or hot water boiler and $300 of any item of energy efficient building property, based on instructions for the IRS Form 5695.

The tax document, which a homeowner would need to complete to apply for the credits, also mentions skylights and any metal roof with the appropriate pigmented coatings or asphalt roof with the right cooling granules designed to reduce the heat gain in your home.

Some plug-in electric vehicles are also eligible for federal tax credits. The only tax credit on the state level is for solar energy.

Windover, who serves as president of the Poestenkill Fire Company, said he decided to go with solar panels on his Colonial-style home after they were installed at the firehouse.

A homeowner is entitled to a solar tax credit of up to 30 percent of the total installation cost of solar energy systems, added O'Leary.

"The reason these things are so attractive is because $1 credit will directly reduce your income tax by $1," said O'Leary, adding "you can't create a refund through this credit."

In other words, it's a nonrefundable tax credit.

He said one of the conditions of the credit is that the improvements must be made to a person's primary residence.

Additionally, the systems must provide electricity for the dwelling and meet fire and electrical code requirements. "I think now you're seeing more people doing it because their friends are doing and telling them about it, and they feel more comfortable," he said.

pnelson@timesunion.com - 518-454-5347 - @apaulnelson

Worries rising as stock markets falling - Director Tom Donovan interviewed for Times Union article

Posted on: 1/26/16

Worries rising as stock markets falling

By Eric Anderson

 

Published 9:21 pm, Wednesday, January 20, 2016

 

Financial markets stumbled again Wednesday, with the Dow Jones Industrial Average falling 565 points before recovering to close at 15,766.74, a loss of 249.28 points and the lowest close since August.

 

The S&P 500 index fell 22 points, or 1.2 percent, to 1,859.33, its lowest close since April 2014, the Associated Press reported.

 

And the Nasdaq composite lost 5.26 points, to close at 4,471.69, it lowest close since October 2014.

 

Should investors be worried?

 

"It's not something that can be ignored," said Hugh Johnson, the chairman and chief investment officer at Albany-based Hugh Johnson Advisors. "It's too early to say it's a bear market that will lead to recession." But, he added, "this is at a minimum very, very dicey."

 

Individuals have seen their 401(k) and 403(b) retirement savings plans shrinking as the market falls. At the same time, they've seen gasoline prices tumble as demand for oil softens even as the supply surges, thanks in part to the re-entry of Iran into the oil markets following the lifting of sanctions.

 

"There are benefits," Johnson said. "We're seeing lower prices at the pump. "It benefits consumer confidence and puts more money in consumers' pockets," he added.

 

But oil producers and the economies that depend on them are hurting, Johnson said.

 

During the Great Recession, many investors sold their holdings, and didn't benefit when the markets recovered.

 

"I don't understand why people panic and just unload," said Jim Drislane, managing partner at Albany-based accounting and auditing firm Teal, Becker & Chiaramonte. "Eight out of 10 (investors), they're going to ride it out."

 

He said investors might want to talk with their certified public accountant or adviser.

 

"What is your level of risk that you're willing to take?" he asked. "A lot of the investment people, they look at it as a buying opportunity."

 

Due to the financial markets' earlier strong performance, the state comptroller's office made annual cuts to employer contribution rates to public pension funds.

 

"For the third year in a row, there will be a decline in pension contribution rates as a result of solid investment returns," State Comptroller Tom DiNapoli said in a September announcement. But the comptroller's office also lowered its estimate of the rate of return going forward.

 

"This strategic decision is consistent with the tougher investment climate ahead," he said.

 

A spokesman on Wednesday said the state pension funds remain "very well-funded."

 

In the private sector, pension contributions are established using the prior year's ending balance.

 

"12-31 is a popular measurement date for a lot of the plans," said Tom Donovan, director at Marvin & Co., Colonie-based certified public accountants and consultants. "Most of the decline we're talking about has hit just in the past couple of weeks, since 12-31."

 

The Dow has fallen 1,638.74 points, or 9.4 percent, since Jan. 4.

 

"If we end up down 9 percent for the year, it'll be a year from now that most of the funding rates will be affected," he added.

 

How much further might stocks fall?

 

Johnson said he thinks they're now undervalued. That, along with growing pessimism, often precedes a rebound.

 

But, said Donovan, "if things don't recover, I think there'll be a lot of pressure on pension plans and endowments."

 

And that could lead to cost-cutting and belt-tightening at many conservatively managed organizations.

 

eanderson@timesunion.com • 518-454-5323

James E. Amell featured guest on LookTV’s Look Today

Posted on: 12/21/15

12.17.15 - LookTV - Interview with James E. Amell, CPA, Director, regarding Interest Rate Hike

James E. Amell featured guest on LookTV’s Look Today

Posted on: 6/16/15

James E. Amell, CPA, a director at Marvin and Company, P.C. joined LookTV's Look Today - Look at Finance program this morning to discuss important information on Social Security. Click here to see the video.

MARVIN AND COMPANY, P.C. Recognized as Member of the AICPA’s G400 Group

Posted on: 4/28/15

FOR IMMEDIATE RELEASE
Contact: Kathleen Kirvin
Marketing Manager
Marvin and Company, P.C.
Tel: (518) 250-4539

MARVIN AND COMPANY, P.C. RECOGNIZED AS MEMBER OF THE AICPA'S G400 GROUP

ALBANY, NY (May 6, 2015) — Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has been recognized by the American Institute of Certified Public Accountants (AICPA) as one of the 500 largest firms, out of more than 45,000, in the United States and a member of the Group of 400 (G400).

“We are pleased to be recognized by the American Institute of CPAs,” said Kevin J. McCoy, the firm’s managing partner. “This distinction recognizes the commitment to excellence our entire team offers our clients and the local communities we serve. From two locations in the Capital Region, Latham and Queensbury, we have experienced very healthy growth over our more than 90 year history.”

The AICPA is the world’s largest member association representing the accounting profession, with more than 394,000 members in 128 countries. The AICPA identifies the country's 100 largest CPA firms and classifies this group as the G100. The next 400 largest, representing the organizations serving America's small and mid-sized businesses, fall into the G400 group, of which Marvin and Company, P.C. is included. The firms that make up The G400 range from having 21 – 90 CPAs in their firm and have annual revenues of $3 million to $28 million.

The G400 will provide Marvin and Company, P.C. with direct access to leaders at the AICPA and in the accounting profession. The G400 also provides a wealth of valuable and timely information related to the regulatory, legislative and standards-setting landscape for accounting matters.

As a member of the G400, Marvin and Company, P.C. is recognized as a leader in the industry and will be part of an influential forum of forward thinkers that are shaping and growing the accounting industry.

About Marvin and Company P.C.

Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

MARVIN AND COMPANY, P.C. RECEIVED HIGHEST PEER REVIEW RATING

Posted on: 4/28/15

FOR IMMEDIATE RELEASE
Contact: Kathleen Kirvin
Marketing Manager
Marvin and Company, P.C.
Tel: (518) 250-4539

MARVIN AND COMPANY, P.C. RECEIVED HIGHEST PEER REVIEW RATING


ALBANY, NY (May 6, 2015) — Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has successfully completed a rigorous peer review of its accounting and auditing practice and received a rating of pass with no deficiencies or comments by the peer review team, the highest possible rating, from the CPA firm of Flaherty Salmin CPAs LLP, which was accepted by the AICPA Peer Review program administered by the National Peer Review Committee.

Marvin and Company, P.C. is a proud member of the American Institute of Certified Public Accountants (AICPA) and their Government and Employee Benefit audit quality centers.  As a participant in the Peer Review Program, a practice monitoring program developed by the AICPA, the national professional organization of CPAs, the firm must have an independent review of its accounting and auditing practice every three years. The review was conducted following standards issued by the AICPA and meets the New York State Education Department’s requirements for Quality Review.  The reviewers concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended July 31, 2014, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.

Marvin and Company, P.C. is also a member of the Public Company Accounting Oversight Board (PCAOB), a nonprofit corporation established by Congress to oversee the audits of public companies.  As such, certain additional requirements were met in the peer review performed.

The peer review of Marvin and Company, P.C. was performed by another independent CPA firm who qualified under the program's requirements for service as a peer reviewer.  Its peer review rating of pass with no deficiencies or comments indicates Marvin and Company, P.C. meets the accounting profession's highest standards of quality and professionalism.

The American Institute of Certified Public Accountants, founded in 1887, is the world’s largest association representing the accounting profession, with nearly 394,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies and non-profit. It develops and grades the Uniform CPA Examination.

About Marvin and Company P.C.
Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134. 

MARVIN AND COMPANY, P.C. NAMED “TOP WORKPLACE”

Posted on: 4/28/15

FOR IMMEDIATE RELEASE

Contact: Kathleen Kirvin

Marketing Manager

Marvin and Company, P.C.

Tel: (518) 250-4539

 

MARVIN AND COMPANY, P.C. NAMED “TOP WORKPLACE”

ALBANY, NY (May 6, 2015) — Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has been named to the Times Union’s “Top Workplaces” list.  2014, determined solely by employee feedback, for the second year in a row. The Top Workplaces program, run by WorkplaceDynamics, LLP, is set-up to recognize companies that have a great work environment in the Capital Region area.

“Our employees are at the core of our firm’s success,” said Kevin J. McCoy, the firm’s managing partner. “It is an honor to be among the top workplaces in our region for a second year in a row. It is truly a testament to our team.”

Marvin and Company, now in its 10th decade serving the regional business community from its headquarters in Latham and additional office in Queensbury, is committed to making investments in training, professional development, work/life balance, and other benefits to support our people, McCoy noted.

Marvin and Company provides employees with many benefits including; flexible hours/schedule, 100% individual health insurance benefit coverage, community service time off, charity dress down Fridays, social events (e.g. happy hours, barbeques, summer outings, Siena basketball games, holiday party, end of busy season party), referral bonus program, and highly competitive compensation and benefits. Marvin and Company also contributes to more than 100 not-for-profit organizations throughout New York State through sponsorships and community service.

The Marvin culture unifies the firm to work as a team toward the same goal—the highest level of client satisfaction. Hard work is not only appreciated, but rewarded. As a result, they have achieved high employee retention and development, with many employees at the firm for more than 20 years.

The Albany Times Union published the complete list of Top Workplaces on Thursday, April 23, 2015.

About Marvin and Company P.C.
Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134. 

MARVIN AND COMPANY, P.C. RECEIVED HIGHEST PEER REVIEW RATING

Posted on: 4/28/15

FOR IMMEDIATE RELEASE
Contact: Kathleen Kirvin
Marketing Manager
Marvin and Company, P.C.
Tel: (518) 250-4539

MARVIN AND COMPANY, P.C. RECEIVED HIGHEST PEER REVIEW RATING


ALBANY, NY (May 6, 2015) — Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has successfully completed a rigorous peer review of its accounting and auditing practice and received a rating of pass with no deficiencies or comments by the peer review team, the highest possible rating, from the CPA firm of Flaherty Salmin CPAs LLP, which was accepted by the New York State Society of CPAs.

Marvin and Company, P.C. participates in the Peer Review Program, a practice monitoring program approved by the American Institute of Certified Public Accountants (AICPA), the national professional organization of CPAs.  A firm participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years. The review was conducted following standards issued by the AICPA.  The reviewers concluded that the firm’s system of quality control for the accounting and auditing practice in effect for the year ended July 31, 2014, has been suitably designed and complied with to provide reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects.

The peer review of Marvin and Company, P.C. was performed by another independent CPA firm who qualified under the program's requirements for service as a reviewer.  Its peer review rating of pass indicates Marvin and Company, P.C. meets the accounting profession's highest standards of quality and professionalism.

The American Institute of Certified Public Accountants, founded in 1887, is the world’s largest association representing the accounting profession, with nearly 394,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations and federal, state and local governments. It develops and grades the Uniform CPA Examination.

About Marvin and Company P.C.
Now in its 10th decade, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134. 

MARVIN AND COMPANY, P.C. STAFF EARN EA AND CPA LICENSES

Posted on: 3/24/15

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce tax manager Victoria A. Reilly has earned her Enrolled Agent License (EA) and senior assurance associate Joshua L. Mabee has earned his Certified Public Accounting License (CPA) bringing the number of CPAs at the firm to a total of 31.

“We are extremely proud of Victoria and Josh and applaud their commitment to professional development,” said Kevin J. McCoy, Managing Partner at Marvin and Company, P.C. “Attaining the requirements of licensure in NY is a significant milestone and is representative of their commitment to the profession and desire to provide the highest level of professional service to our clients.”

Reilly joined Marvin and Company in 1984 and is a member of the tax department. She successfully completed the special enrollment exam (SEE) governed by the Internal Revenue Service (IRS) and has passed a thorough background check to earn the enrolled agent license. Enrolled agents (EAs) are independent, federally authorized tax practitioners who have demonstrated a high level of technical competence in tax law and are currently the only taxpayer representatives licensed to practice by the United States government. EAs may advise and represent taxpayers before the IRS, including taxpayers who are being examined, are unable to pay or are trying to avoid or recover penalties. All EAs specialize in taxation and are required by the federal government to maintain their professional skills with continuing professional education.

Mabee joined Marvin and Company in July 2013 and is a member of the audit department. He successfully completed all four sections of the Uniform CPA Examination and meets all New York State licensing requirements. A CPA license is the accounting profession’s highest standard of competence, a symbol of achievement and assurance of quality. The Clifton Park, NY native is a 2013 graduate of Le Moyne College where he earned an undergraduate degree in accounting and a Master’s degree in business administration. He was a member of the Varsity Soccer team.

Kevin J. McCoy To Participate in Panel Discussion - Boomers: Ready, Set, RETIRE!

Posted on: 3/10/15

Boomers: Ready, Set, RETIRE!

Date: Thursday, March 19, 2015
Time: 6-8:00 PM
Location: The Beltrone Living Center (6 Winners Circle, Albany, NY 12205)
​Register: Call 518.459.2857, ext. 337 for more information and to register for the event.

Steven Bouchey CFP, host of ‘Let's Talk Money’ on NewsTalk Radio (810AM/WGY/103.1FM) will frame the issues and moderate the panel.

Panelists include:

Brian Johnson, National Long Term Care Brokers, Long term care insurance options
Kevin J. McCoy, CPA, Director, Marvin and Company, P.C., Tax planning before and after retirement
Richard E. Rowlands, Rowlands & LeBrou, PLLC, Wills, estates, retirement planning, protecting your assets
Charles Joseph, Janney Montgomery Scott, Philanthropy and charitable gifts

The event is free, with a cash bar and complimentary hors d’oeuvres. 

The Beltrone Living Center, a program of the Colonie Senior Service Center Inc., is located at 6 Winners Circle in Colonie. The independent living apartment building is open to those 55 and over.

40 Under Forty - Kevin O’Leary

Posted on: 3/4/15

Marvin and Company, P.C. congratulates Kevin P. O'Leary, CPA, director in our tax department for being named an Albany Business Review 40 Under Forty winner. Check out the article here: http://www.bizjournals.com/albany/news/2015/03/04/albanys-40-under-40-class-of-2015-revealed.html

Congress Passes Extenders Package

Posted on: 12/18/14

Congress Passes Extenders Package

Tax Increase Prevention Act of 2014 (HR 5771)

Congress has approved the Tax Increase Prevention Act of 2014 (HR 5771). The new law, which opens the door for significant tax savings for businesses and individuals on their 2014 returns, extends the so-called "tax extenders" retroactively for one year (through 2014). It also includes the Achieving a Better Life Experience (ABLE) Act, creating tax-favored savings accounts for individuals with disabilities along with some tax-related offsets. To take advantage of some of the benefits, tax preparers may need to take steps quickly before January 1, 2015.

Before adjourning, Congress also approved an Omnibus Spending Agreement for fiscal year (FY) 2015, which cuts funding for the IRS. President Obama has indicated that he will sign both the Omnibus Agreement and H.R. 5771 bills as soon as they reach his desk. To read the special report click here.

Here is a brief overview of some of the tax breaks that have been extended:

Tax Increase Prevention Act of 2014 - Title I: Certain Expiring Provisions - Amends the Internal Revenue Code to extend certain expiring tax provisions relating to individuals, businesses, and the energy sector.

Subtitle A: Individual Tax Extenders - Extends through 2014:
 

  • the tax deduction of qualified tuition and related expenses; and
  • the tax exemption of distributions from individual retirement accounts for charitable purposes.

Subtitle B: Business Tax Extenders - Extends through 2014:

  • the tax credit for increasing research activities;
  • the work opportunity tax credit;
  • accelerated depreciation of qualified leasehold improvement, restaurant, and retail improvement property, of motorsports entertainment complexes, and of business property on Indian reservations;
  • accelerated depreciation of certain business property (bonus depreciation);
  • the increased expensing allowance for business assets, computer software, and qualified real property (i.e., leasehold improvement, restaurant, and retail improvement property); and
  • the reduction of the recognition period for the built-in gains of S corporations.

Amends the Housing Assistance Tax Act of 2008 to extend through 2014 the exemption of the basic military housing allowance from the income test for programs financed by tax-exempt housing bonds.

Subtitle C: Energy Tax Extenders - Extends through 2014:

  • the tax credit for residential energy efficiency improvements;
  • the tax credit for energy efficient new homes; and
  • the tax deduction for energy efficient commercial buildings.

A complete listing of all extended tax breaks and a summary of the bill can be found on the Library of Congress website. If you have questions, please call your Marvin and Company, P.C. representative at 518-785-0134.

Marvin and Company Press Release - Staff Earn CPA Licenses

Posted on: 10/27/14

Marvin and Company, P.C., one of the Capital Region's leading accounting, auditing, taxation and management consulting firms, is pleased to announce that in-charge auditor Kevin Manieri and level II auditor Christopher J. Healy have earned their Certified Public Accounting Licenses (CPA). 
 
According to the National Association of State Boards of Accountancy (NASBA), approximately 9,800 people take the exam annually in New York, but according to the New York State Board of Accountancy only about 2,500 new CPA licenses are issued. Within the past year, five accountants at Marvin and Company, P.C. have received CPA licenses, bringing the number of CPAs at the firm to a total of 29. Continuously improving professional skills to better serve the needs of clients and expanding the knowledge of our staff is a priority at Marvin and Company, P.C.
 
"We are extremely proud of Kevin and Chris and applaud their determination and desire to become CPAs," said Kevin J. McCoy, Managing Partner at Marvin and Company, P.C. "It is always a pleasure to acknowledge the continued efforts of our employees who exhibit dedication to their professional development. It is a hallmark of the employees we have at Marvin and Company, P.C."
 
Manieri joined Marvin and Company in November 2013 and is a member of the audit department. He graduated from the State University of New York, College at Oneonta with a Bachelor of Arts Degree in Music Industry and from La Salle University in Philadelphia, PA with a Master of Business Administration Degree in Accounting.  Prior to joining Marvin and Company, P.C., Kevin was an audit associate with Grant Thornton LLP in Philadelphia, PA responsible for client audits in manufacturing, banking, real estate, nonprofit and other industries.  Kevin resides in Cohoes with his wife, Victoria.
 
 
 
 
 
 

Healy joined Marvin and Company in July 2013 and is a member of the audit department. The Walworth, NY native is a 2013 graduate of The College of St. Rose where he earned an undergraduate degree in business administration, a master’s degree in accounting and was a member of the Varsity Swim Team.
 
For more information, contact Kathleen Kirvin at 518-250-4539.

Family Tax Relief Credit

Posted on: 9/30/14

Family Tax Relief Credit

Last year's State Budget included a tax break as part of New York State's new effort to reduce taxes. This "Family Tax Relief Credit" is a $350 payment to certain middle-income New Yorkers.

The Tax Department has begun automatically mailing checks to eligible taxpayers. If you are eligible for the credit, you do not have to apply. If you think you are eligible, but do not receive a check, you will be able to have your case reviewed.

Eligibility requirements

You are entitled to this credit for 2014 if, on your 2012 return, you:

  • were a resident of New York State for the entire year,  
  • claimed at least one child under age 17 as a dependent,
  • had New York State adjusted gross income (line 33 of your Form IT-201)  between $40,000 and $300,000, and
  • had a New York State liability after credits that is zero or greater.

NYS has an interactive wizard that will easily walk you through the eligibility requirements. We recommend you have your 2012 return on hand when using the wizard. 

Click here to see if you qualify

How to claim the credit

If you filed a 2012 return and meet the four eligibility requirements above, you do not need to do anything to receive your 2014 credit. 

In 2015 and 2016, taxpayers will claim the credit when they file their income tax returns. Eligibility for those years will be based on the return you file for that year. 

What if you do not receive a check?

If you do not receive a check, please review your 2012 return to make sure you meet the eligibility requirements listed above. Allow until early November for the check to reach you.

If you still feel you are eligible, you will be able to apply to have your return reviewed for eligibility. The online application for having your eligibility reviewed is to be ready in early October. If you need to, this is the quickest and easiest way to apply.

How to cash or deposit the funds - it can be tricky!

We've heard from several people that accessing these funds can be a bit tricky. Before you head to the bank or pick up your phone to electronically deposit the funds, give your financial institution a call. If you filed a joint return, the check will be made payable to both spouses and both will need to endorse the check in order to cash or deposit the funds. In some cases both spouses will also need to be present with a valid form of ID in order to cash the check. Some financial institutions require a joint account in order to deposit so that both payees have access to the funds. We encourage you to check with your financial institution for their specific rules.

 

 

 If you have questions, give us a call at 518-785-0134 or send an email to your Marvin and Company contact.

 

Marvin and Company, P.C. Associate Earns CPA License

Posted on: 7/24/14

Marvin and Company, P.C., one of the Capital Region's leading accounting, auditing, taxation and management consulting firms, is pleased to announce that associate John J. Runfola has earned his Certified Public Accounting License (CPA).

"We are extremely proud of John and applaud his determination and desire to become a CPA," said Kevin J. McCoy, Managing Partner at Marvin and Company, P.C. "Marvin and Company now has 27 total CPAs on staff."

Runfola joined Marvin and Company in 2013 and is a member of the tax department. He spends much of his time preparing personal and corporate tax returns as well as general bookkeeping and other accounting services. He earned his Bachelor of Arts in History and Government from Cornell University, his Juris Doctor from the Emory University School of Law, and his Master of Business Administration in Accounting from the Simon Graduate School of Business at the University of Rochester.

"John has been a great addition to our tax and small business department," said Kevin P. O'Leary, CPA, Director, John's immediate supervisor. "He is very intelligent and will be a great asset to our firm for years to come."

 

For more information, contact Kathleen Kirvin at 518-250-4539.

WE’RE HIRING - Immediate opening for an EXPERIENCED ACCOUNTANT/AUDITOR

Posted on: 6/12/14

Marvin and Company, P.C., a regional accounting firm, celebrating 90 years of service, with offices in Latham and Queensbury, NY, is growing. We have an immediate opening for an experienced accountant/auditor to join our team in the Latham office.

The ideal candidate will possess 2-5+ years public accounting experience, currently hold or is currently pursuing a CPA license, have excellent communication skills, and have experience in the audit, review, and compilation of financial statements. A Bachelor’s degree or higher level of education is required.

Our salary and benefit programs are highly competitive, including medical, dental, life, and long term disability insurance. We also boast 401K, cafeteria plan, and excellent vacation and holiday paid time off benefits. Marvin is known for providing a better work/life balance, as travel time is less than many firms on average and personal needs for schedule flexibility are considered.

Marvin and Company, P.C. is an Equal Opportunity/Affirmative Action Employer.

Please submit your resume and cover letter via e-mail to mmg@marvincpa.com or mail to:

 

Monique M. Blake, HR Manager

Marvin and Company, P.C.

11 British American Blvd.

Latham, NY 12110

Marvin and Company, P.C. Named “Top Workplace”

Posted on: 4/28/14

Marvin and Company, P.C., a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting, is pleased to announce that it has been named to the Times Union’s “Top Workplaces” list.  2013 marks their first time on the list, which is determined solely by employee feedback. The Top Workplaces program, run by Workplace Dynamics, is set-up to recognize companies that have a great work environment in the Capital Region area.

 

“Our employees are at the core of our firm's success,” said Kevin J. McCoy, the firm’s managing partner. “It is an honor to be among the top workplaces in our region. It is truly a testament to the team.”

 

Marvin and Company, now in its 10th decade serving the regional business community from its headquarters in Latham and additional office in Queensbury, is committed to making investments in training, professional development, work/life balance, and other benefits to support our people, McCoy noted.

 

Marvin and Company provides employees with many benefits including; flexible hours/schedule, 100% individual health insurance benefit coverage, community service time off, charity dress down Fridays, social events (e.g. happy hours, barbeques, summer outings, Siena basketball games, holiday party, end of busy season party), referral bonus program, and highly competitive compensation and benefits. Marvin and Company also contributes to more than 100 not-for-profit organizations throughout New York State through sponsorships and community service.

 

The Marvin culture unifies the firm to work as a team toward the same goal—the highest level of client satisfaction. Hard work is not only appreciated, but rewarded. As a result, they have achieved high employee retention and development, with many employees at the firm for more than 20 years.

 

-30-

 

About Marvin and Company P.C.

Recently celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

 

About The Top Workplaces Survey

The Top Workplaces employee survey is conducted by WorkplaceDynamics, LLC, a leading research firm on organizational health and employee engagement. WorkplaceDynamics conducts regional Top Workplaces programs with 40 major publishing partners across the United States. Over the past year, more than 5,000 organizations and 1 in every 88 employees in the U.S. have turned to WorkplaceDynamics to better understand what’s on the minds of their employees. Through its workplace improvement offerings, WorkplaceDynamics provides solutions, training and tools to help clients improve their workplace.

Marvin and Company Announces Results of 28th Annual Business Climate Survey

Posted on: 2/27/14

More than 91 percent of Capital Region firms are expecting business to expand or remain stable in 2014 according to the 28th annual Marvin and Company/University at Albany School of Business Business Climate Survey. The survey, which encompasses industries such as professional services, retail, construction/engineering and the service industry from Columbia County to the Adirondack area, provides a barometer of the regional economic outlook as well as the top concerns for regional businesses.

 

The Business Climate Survey results were presented during a news conference held for the first time at UAlbany's new School of Business Building, a $64 million facility opened in the fall of 2013.

 

Among the highlights, more than 81 percent of firms saw business increase or remain stable in 2013, nearly a two percent increase from 2012. Additionally, nearly 69 percent of respondents characterize the Capital Region economy as recovering or prospering, an improvement of 5 percent since 2012.

 

Health care costs, the primary issue for Capital Region businesses for 17 of the past 19 years, remain the top concern for Capital Region employers followed by taxes, the national economy, and government regulations. Correspondingly, nearly 64 percent of respondents believe the Affordable Care Act has increased costs either to their business or employees, with approximately 22 percent noting the legislation required significant changes to health insurance coverage. About 15 percent of respondents also indicated they changed insurance providers as a result of the Affordable Care Act.

 

“More than 50 percent of respondents expect the Capital Region’s economy to continue to prosper in the next several years despite ongoing concern regarding health care costs, taxes, the national economy and government regulations,” said Kevin P. O’Leary, CPA and director, Marvin and Company, P.C. “Regional firms are continuing to feel some boost from the technology sector with more than 40 percent having a significant or moderate impact.  Obviously, the technology sector of the Capital Region continues to help the other businesses in our economy.”

 

Now in its 28th year, the survey was developed to respond to chambers and prospective clients seeking to assess the regional business marketplace and its affects on their contracting, expanding and hiring. The survey offers valuable insights that can be used by Marvin and Company, the chambers, economic developers, government leaders and businesses.

 

In order to offer the best barometer, Marvin and Company and the UAlbany School of Business compile the business climate survey in conjunction with local chambers of commerce to discern the concerns and projections area businesses have for the year ahead. School of Business Associate Professor Jakov Crnkovic worked with UAlbany undergraduate student Rebecca Shost to design the data form. Shost, a senior from Clifton Park, is majoring in Information Technology Management, and will utilize the data for her undergraduate research project.

 

“The Business Climate Survey highlights how Capital Region firms continue to prosper, despite significant concerns about the rising cost of health care,” said Dr. Donald Siegel, dean of UAlbany's School of Business. “The results showcase the resiliency of area businesses, stimulated by regional and federal investment in high technology, innovation and entrepreneurship.”

 

About Marvin and Company, P.C.:

Recently celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm with offices in Latham and Queensbury offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

 

About the University at Albany:

Educationally and culturally, the University at Albany-SUNY puts "The World Within Reach" for its more than 17,500 students. An internationally recognized research university with 50 undergraduate majors and 125 graduate degree programs, UAlbany is a leader among all New York State colleges and universities in such diverse fields as public policy, nanotechnology and criminal justice. With a curriculum enhanced by 300 study-abroad opportunities, UAlbany launches great careers. Visit UAlbany's extensive roster of faculty experts.

Marvin and Company Co-Sponsoring Fundraising and Development Event for Nonprofits

Posted on: 2/20/14

More Than the Mission: Fundraising and Development for Everyone Who Loves a Nonprofit
Wednesday, March 12, 2014
Comfort Inn & Suites, Schodack
7:30 a.m. Registration & Breakfast; 8 - 9:30 a.m. Program

Registration: click here

$35 Members; $50 Non-Members & Walk-ins

Nonprofit Organizations are crucial to our community. Here
is a workshop designed for everyone involved in any nonprofit. How can you—as a Board member, volunteer or staff member help catapult your organization to new levels of fundraising, communication, awareness and participation.

Join us for this Chamber workshop providing all the basics for everyone who cares about a nonprofit. This session is designed to provide
the basics and best practices for the nonprofit that you care about.

This workshop/session will help you to understand:

  • The key concepts in Development and Fundraising for staff.
  • That good marketing can happen even when there is no budget.
  • The very simple way to overcome your fear of fundraising.
  • That nonprofits are businesses too—but with a twist!

Presented by Diane Cameron Pascone, Development Director at Unity House in Troy. Diane has been a Development Director and Executive Director for nonprofit organizations in the Arts, Human Services, Community Development, Healthcare and Education for more than 30 years. Her career began at The Smithsonian Institution in Washington, DC and she has led nonprofits in Maryland, Pennsylvania and New York State. She is a development consultant and has a passion for community-based organizations. Diane is also a journalist and advocate for family caregivers. She lives in Guilderland, New York.

Sponsored by: 

MarvinCo

MICROKNOWLEDGE_LOGO pierce_logo.sept 2011

HIGHLIGHTS OF THE NEW NON-PROFIT REVITALIZATION ACT AND OTHER NFP UPDATES WEBINAR SLATED FOR 2/19

Posted on: 2/6/14

HIGHLIGHTS OF THE NEW NON-PROFIT REVITALIZATION ACT AND OTHER NOT-FOR-PROFIT UPDATES WEBINAR SLATED FOR 2/19

Anyone involved with Not-For-Profit entities in New York State, including Board members, Trustees,  and Personnel involved with accounting and financial reporting  is encouraged to attend this complementary webinar titled, “Highlights of the New Non-Profit Revitalization Act and other Not-For-Profit Accounting Changes” on Wednesday, February 19 from noon to 1 p.m.

Led by Director Carol A. Hausamann, CPA, this general session will address highlights of the new Non-Profit Revitalization Act, Financial Accounting Standards Board Not-for-Profit Financial Reporting Project, and a new Accounting Standard update on accounting for services received from personnel of an affiliate. Attendees will understand the key provisions of the new revitalization act, as well as potential reporting changes to not-for- profit financial statements.

“Staying current in the ever-changing world of reporting and compliance of the not-for-profit industry can be challenging,” said Hausamann. “Understanding those changes and the impact they have on the organizations you work with is important from a fiduciary standpoint and planning for change results in a smooth transition.”

Hausamann has over 30 years experience in providing services to not-for-profit organizations, employee benefit plans and the health care industry. She provides auditing, accounting, tax and consulting services, and assists clients with their reporting requirements.

One hour of continuing professional educational credit is available for CPAs.

PC-based attendees are required to have: Windows® 7, Vista, XP or 2003 Server, while Macintosh®-based attendees need Mac OS® X 10.4.11 (Tiger®) or newer.

Space is limited.  Reserve your seat now by visiting:
https://www2.gotomeeting.com/register/913325802

After registering, you will receive a confirmation email containing information about joining the session.

For more information, call 518-785-0134 or email cah@marvincpa.com.

SAVE THE DATE: 28th Annual Business Climate Survey Results Press Conference

Posted on: 1/20/14

The Results Are In!

The 28th Annual Business Climate Survey

Press conference announcing the results of the survey

 

Tuesday, February 26th, 2012

10:00 a.m. – 12:00 p.m.

 

SUNY Albany

Standish Living Room, Business School

(located on Collins Circle, across from University Hall, parking available in the Visitor Lot)

 

Please mark your calendars

Stay tuned for additional details

KEVIN MANIERI JOINS MARVIN AND COMPANY, P.C. AUDIT TEAM

Posted on: 11/25/13

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce the addition of Kevin Manieri to its audit team.

“Kevin’s strong analytical skills, attention to detail and proven track record in accounting and auditing are a great addition to our firm and we are proud to have him join our team,” said Kevin J. McCoy, managing partner of Marvin and Company, P.C.

Kevin’s main responsibilities consist of auditing both for-profit and not-for-profit clients. He will also participate in audits of many of the firm’s pension plan audits.

He graduated from the State University of New York, College at Oneonta with a Bachelor of Arts Degree in Music Industry and from La Salle University in Philadelphia, PA with a Master of Business Administration Degree in Accounting.  Prior to joining Marvin and Company, P.C., Kevin was an audit associate with Grant Thornton LLP in Philadelphia, PA responsible for client audits in manufacturing, banking, real estate, nonprofit and other industries.  Kevin resides in Cohoes with his wife, Victoria.

 

About Marvin and Company P.C.

Now celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

MARVIN AND COMPANY, P.C. ASSOCIATE EARNS CPA LICENSE

Posted on: 11/18/13

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce that associate Matthew W. Merriam has earned his Certified Public Accounting License (CPA).

“We are extremely proud of Matt and we applaud his determination and desire to become a CPA,” said Kevin J. McCoy, Managing Partner at Marvin and Company, P.C. “Marvin and Company now has 26 total CPAs on staff.”

Merriam, who began his career with Marvin and Company as an intern and joined the firm full-time in 2010 after graduating from Siena College with a combined bachelor’s and master’s degree in accounting, works on auditing services for a variety of clients including not-for-profit, small businesses, schools and pension plans.

“Matt has proven to be a valuable asset over the years because of his attention to detail and relationships with clients,” said Frank S. Venezia, CPA, Director, Merriam’s immediate supervisor. “We are excited about his certification and leadership in business.”

 

About Marvin and Company P.C.

Now celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

Marvin and Company Celebrates 90th Anniversary with Redesigned Website, Logo and Tagline

Posted on: 10/1/13

In celebration of its 90th anniversary, Marvin and Company, P.C. — one of the oldest accounting firms in the Capital Region — has launched a new logo, tagline and redesigned website.

The new site, marvincpa.com, provides an in-depth overview of the accounting, auditing, taxation and management consulting services Marvin and Company provides to individuals, partnerships, corporations, governmental units and non-profit organizations.

“Marvin and Company is known for being forward thinking, offering fresh ideas and solid values,” said Managing Director Kevin McCoy.  “Our new tagline, `A History of Shaping Futures,’ salutes how the company is looking ahead for its clients, while leveraging the successes of the past.

“Our new website, which matches the logo and new brand identity, has been built to serve the growing needs of our clients,” continued McCoy.  “It includes access to past Marvin University educational webinars, a blog featuring accounting insights focused on various industries, an E-newsletter archive, and a client self-service portal.”

Visitors to the site can also obtain more detailed information about the firm’s history, browse the latest news and events, as well as apply online for available positions.

Located for the past 16 years at 11 British American Blvd. in Latham, Marvin and Company has gained regional prominence for its annual Business Climate Survey, which assesses the concerns and projections area businesses have for the coming year.

The company, which is led by 10 directors and employs 60, traces its roots back to 1923 when local businessman Charles L. Marvin established a public accounting firm at 240 State St. in Schenectady.  Comprising just himself and another employee, the firm experienced steady growth, culminating in a partnership with Arthur Bianchi and Fred Maune under the name of Charles L. Marvin Company in 1957.

After leading the firm through several phases of advancement, Marvin retired from the business in 1964.  Despite his departure, the company, now a professional corporation, continued to seek strategic expansion opportunities under its second generation of leadership.

“During the mid-70s, our workload was split 60/40 between tax and audit services,” recalled Tom Donovan, one of the fourth-generation directors still active at the firm.  “Merging with Zuckerman and Ray in 1982 allowed us to open an office in downtown Albany, enabling the company to significantly expand its audit practice, particularly in the non-profit and human services-related areas.”

After changing its name from Charles L. Marvin, P.C. to Marvin and Company, P.C. and consolidating its Albany and Schenectady offices into its more centrally located present facility in 1998, the firm continued to seek out strategic growth opportunities.

Last year, Marvin and Company acquired the Queensbury-based Ross Rigby & Patten LLP.  As a result of the blending of the two firms, Marvin clients now have access to a broader array of expertise and services in accounting, auditing, taxation, management consulting and employee pension and benefit planning and administration.

“There are many reasons we’re still here after 90 years,” explained Carol Hausamann, a fifth-generation director.  “The company offers a flexible working environment for its employees, with a tremendous amount of internal mentoring.  Each generation of directors is willing to pass along its expertise to the next. Our team spends more than 2,000 hours each year serving on the boards of non-profit organizations and holding leadership positions at area chambers of commerce and in local start-up companies, which makes us extremely visible throughout the Capital Region.”

“Perhaps the biggest reason for our longevity, however, is that we’ve always been concerned about maintaining a diversified practice,” maintained McCoy.  “We’re a company where our for-profit and non-profit clients are valued equally.” 

 

About Marvin and Company P.C.

Now celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

Marvin and Company, P.C. Announces Five Promotions

Posted on: 7/29/13

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce five staff promotions.

“Marvin and Company proudly congratulates these team members on their well-deserved promotions and thanks them for their commitment and service,” said Director Kevin O’Leary, CPA. “Our employees are dedicated to self-improvement and this growth enhances the quality of services we have to offer our clients and the firm.”

  • Brittney Wineinger completed an internship with Marvin and Company in 2009 and joined the audit department staff in 2012. She has been promoted to level 2 in the audit department. The Troy resident earned a master’s degree in accounting from Boston College Carroll Graduate School of Management in 2011 and an undergraduate degree in accounting from Siena College in 2010.
  • Andrew Bullard of Queensbury joined the firm in 2011 and has been promoted to beginning in-charge in the audit department. He earned a master’s degree in business administration (accounting focused) from Union Graduate College in 2011 and an undergraduate degree in accounting from Siena College in 2010.
  • Anthony Marino, a certified public accountant with the firm since 2012, was promoted to beginning in-charge in the audit department. He earned a master’s degree in accounting from The College of St. Rose in 2011 and an undergraduate degree in finance from Sacred Heart University in 2009. He is a resident of Queensbury.
  • Elizabeth Deal joined the firm in 2011 and has been promoted to beginning in-charge in the audit department. The Niskayuna resident earned a master’s degree in accounting from the University at Albany in 2011. She also earned a doctorate in veterinary medicine from the University of Florida, College of Veterinary Medicine and a bachelor of science in animal science from Clemson University.
  • Debra Smith, a certified public accountant, has been promoted to manager in the Queensbury office. The Johnsonville native joined the firm in 2012 and brings 9 years of experience in accounting services to her latest duties. She holds a bachelor in business administration in accounting from Siena College.

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About Marvin and Company P.C.

Now celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

Marvin and Company, P.C. Continues to Grow Business with Addiiton of Seven New Employees

Posted on: 7/18/13

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is growing and is pleased to announce the addition of five new hires to its team.

“Marvin and Company is proud to welcome these five individuals to our staff,” said Director Kevin O’Leary, CPA. “As we continue to expand, this internal growth enhances the quality of services we have to offer and reinforces our commitment to meeting the needs of our client base and the community.”

  • Margaret Hurlburt, CPA has spent the past 13 years at two regional CPA firms. The Fort Edward resident joins the Queensbury office at the in-charge/supervisor level. 
  • Katrina Tierney joins the audit department, having recently been employed since 2009 as an audit senior accountant at a firm in Burlington, VT. The Saratoga resident earned her undergraduate degree in accounting/finance from St. Michael’s College in Colchester, VT and spent one semester studying abroad at the University of Melbourne in Australia. She is currently working toward her CPA.
  • Christopher Healy joins the audit department. The Walworth, NY native is a 2013 graduate of The College of St. Rose with an undergraduate degree in business administration and a master’s degree in accounting.
  • Joshua L. Mabee is a recent graduate of Le Moyne College where he earned his bachelor’s degree in accounting as well as a master’s degree in business administration. The Clifton Park resident was a member of the Accounting Society (Beta Alpha Psi) and joins the audit department.
  • Thomas Piraino, an intern at Marvin and Company last tax season, earned his undergraduate and master’s degrees in accounting from Siena College in May. Piraino, a resident of East Greenbush, joins the audit department.
  • Mark Quackenbush, of Fort Edward, joins Marvin and Company as an auditor, having earned an associate’s degree in administration from SUNY Adirondack and his bachelor’s degree in accounting from SUNY Oswego in 2013.
  • Nicholas Rhoades is a 2013 graduate of The College of St. Rose with an undergraduate degree in business administration and a master’s degree in accounting. The Ballston Lake resident joins the audit department.

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About Marvin and Company P.C.

Now celebrating its 90th year, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call 518-785-0134.

Marvin and Company Adds Five New Employees

Posted on: 2/15/13

Marvin and Company, P.C., one of the Capital Region’s leading accounting, auditing, taxation and management consulting firms, is pleased to announce the addition of five new hires to its team.

Martin D. Hull, CPA – Principal in the Audit Department

Martin Hull is a highly qualified senior executive and CPA with more than 20 years of diversified experience. He is an effective communicator and recognized technical expert, with a proven track record of developing professional staff and client relationships. He is also a trusted advisor with a demonstrated track record of providing exceptional client service to senior management and audit committees through roles as the lead audit partner for various companies. His areas of specialty include accounting & finance, auditing and management advisory services related to manufacturing, financial services, employee benefits, broker dealers, mortgage banking, retail, not for profits and other industries. He is a proven team leader with experience managing in a dynamic environment.

Hull was most recently with KPMG LLP as Partner and prior to that Ernst & Young LLP. Hull is a licensed CPA in the State of New York, member of the American Institute of Certified Public Accountants, member of the New York State Society of Certified Public Accountants, board member of Junior Achievement of Northeastern New York, Inc., treasurer of the local Notre Dame alumni club, board member of Bethlehem Youth Hockey Association and board member of Normanside Country Club.

He earned his BBA with a concentration in Accounting from the University of Notre Dame.

Neville G. Lim– Staff Accountant

A recent graduate of the State University of New York at Geneseo, Lim most recently worked as an associate with Inthai Trading Tasty Treats and Inthai Health Manufacturing Pte Ltd in Singapore where he established and implemented a customized cost accounting system for the food and beverage subsidiary worth more than $400,000. He was an Intermediate Financial Accounting Tutor for the School of Business at SUNY Geneseo, tutoring junior class students.

Lim received SUNY Geneseo’s NYSSCPA Outstanding Accounting Student 2011 Award selected by School of Business faculty. He was a member of the Beta Gamma Sigma Honor Society and Golden Key International Honor Society for being within the top 15 percent of the School of Business. He received the Financial Accounting Peer Tutoring Scholarship Award and placed second in the New York State Phi Beta Lambda Competition for Accounting Principles.

John J. Runfola – Staff Accountant

Runfola earned his Master of Business Administration in Public Accounting from the University of Rochester, his Juris Doctor from Emory University School of Law and his Bachelor of Arts in History and Government from Cornell University. He is an admitted and licensed member of the New York State Bar.

Runfola worked as a tax intern at Bonadio & Company in the Corporate Tax Department where he prepared various tax forms for individual and corporate clients and researched Internal Revenue Code and relevant tax regulations to support filing positions taken on behalf of clients. He previously worked as an Appellate Intern with the Cobb County District Attorney’s Office in Marietta, Georgia where he reviewed and summarized thousands of pages of trial transcripts of Jury Interview process and identified jurors whose service could be challengeable on appeal. He also drafted appellate briefs used in arguments in a capital case before the Georgia Supreme Court and criminal cases before the Georgia Court of Appeals. He also previously interned in the New York City Criminal Court for Honorable Matthew Sciarrino, Jr.

Danna Toëws – Staff Accountant

Toëws earned her Bachelor’s Degree in Accounting from Midwestern State University in Wichita Falls, Texas and her Associates in Liberal Arts from South Florida Community College in Sebring, Florida. Most recently she was a Junior Accountant with Stephen G. Gilland, CPA in Bowie, Texas where she performed bookkeeping duties, compiled financial statements, prepared individual tax returns and other tax forms as well as organized and updated audit work papers for preparation.

Michael M. Harman, CPA – Staff Accountant

Harman earned his Bachelor of Arts in Business Administration, Finance & Accounting from Washington State University. He most recently worked as an accountant for Jenkins, Beecher & Bethel LLP in South Glens Falls where he prepared corporate, non-profit and individual tax returns, performed audits of corporations, non-profits and school districts and prepared financial statements for small businesses, schools and non-profit organizations. Previously he was an accountant for Washington State University, treasurer for Students Book Corporation in Pullman, Washington and an accounting intern for Swift Aviation Services in Phoenix, Arizona.

Harman is treasurer and board member for the Prevention Council in Saratoga Springs, board member for the Southern Adirondack Child Care Network in Glens Falls and treasurer for the West Glens Falls Volunteer Fire Company.

Marvin and Company Adds Three New Employees

Posted on: 9/18/12

Latham, NY (September 18, 2012) Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region is proud to announce Jessica Schreiber, CPA, CIA, Deborah Riley, and Brittney Wineinger, have joined the firm as Staff Accountants. 

Schreiber is a Senior Staff Accountant, as she was most recently employed as a Senior Audit Accountant with Gallagher, Flynn, & Company, LLP in Vermont.  Prior to that, she was a Senior Internal Auditor for Vail Resorts, Inc., Pepsi Bottling Group, and Ernst & Young, LLP.  Schreiber earned her MS Accounting/MBA from Northwestern University, and her Bachelor of Science in Applied Economics and Business Management from Cornell University. 

Riley holds a Bachelor and Masters of Science in Accounting from Siena College, and Wineinger holds a Master of Science in Accounting from Boston College, and a Bachelor of Science in Accounting from Siena College.

Joseph Heroux, CPA, has also re-joined Marvin as an Audit Manager.  He has worked as an Internal Audit Manager for QUESTAR III for the past five years, and earned his Bachelor of Science in Accounting from Siena College.

Marvin and Company Adds Three New Employees

Posted on: 3/14/12

Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region is proud to announce Debra Smith, CPA, Jeff Belisle, and Anthony Marino, have joined the firm as Staff Accountants. Smith is a Senior Staff Accountant, as she was recently an Accountant with an Albany CPA firm. She holds a Bachelor of Science in Accounting from Siena College. Belisle earned his Bachelor of Science in Accounting from the State University of New York Institute of Technology, and formerly held an Accountant position with a Utica firm.  Marino holds a Bachelor of Science in Accounting from Sacred Heart University, and a Masters of Science in Accounting from the College of St. Rose.

Eric Brundige has also joined Marvin as a PC Analyst. He is a graduate of ITT Technical Institute, and recently worked for tickets.com.

Marvin and Company Adds Four New Employees

Posted on: 8/22/11

Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region is proud to announce Sarah Miller, Andrew Bullard, Theodore Cervini IV, and Elizabeth Deal, have joined the firm as Staff Accountants in the Auditing department. Miller is a Senior Staff Accountant, as she was recently an Accountant with Teal, Becker & Chiaramonte, CPAs, P.C., and holds a Bachelor of Science in Accounting from the University of Albany.  Bullard earned his Bachelor of Science in Accounting from Siena College, and recently graduated from Union Graduate College with his Master of Business Administration. Cervini holds a combined Bachelor’s and Masters degree in Accounting from Siena College, and Deal graduated from the University at Albany with her Masters of Accountancy.

Marvin and Company Director Appointed to New York State’s Quality Review Oversight Committee (QROC)

Posted on: 3/24/11

The New York State Board of Regents appointed four of the five required members of the state’s Quality Review Oversight Committee (QROC), the oversight body of the state’s new mandatory quality review program that goes into effect Jan. 1, 2012. The fifth QROC member will be appointed by the Regents at a later date. QROC was established by state regulations, which were adopted by the Regents in December 14, 2010 and took effect on Jan. 1, 2011, pursuant to the New York accountancy reform law. The four QROC appointees are NYSSCPA members and are as follows:

  • John Roger Donohue, former NYSSCPA Peer Review Committee chair, past Society vice president and past Syracuse Chapter president. (Term: April 1, 2011-March 31, 2014)
  • David J. Moynihan, past NYSSCPA president and former NYSSCPA Peer Review chair. (Term: April 1, 2011-March 31, 2015)
  • John C. Olsen,  NYSSCPA member and former State Board for Public Accountancy chair. (Term: April 1, 2011-March 31, 2016)
  • Frank S. Venezia,  current NYSSCPA Peer Review Committee chair. (Term: April 1, 2011-March 31, 2015)

QROC members serve five-year terms, except for the terms of these first appointees, which are arranged so that an equal number of terms shall terminate annually as nearly as possible. A QROC chair has not yet been named.

In addition to the approval and monitoring of sponsoring organizations, including review and approval of each sponsoring organization’s plan of administration , the QROC will also be charged with informing the SED of any problems related to the quality review program that may require the department’s intervention, making an annual recommendation as to the qualifications of sponsoring organizations, assessing the quality review program overall, reviewing each quality review report to ensure firms are complying with the standards and ensuring that any documents received from a reviewer or firm is confidential and does not constitute a public record.

If the results of the QROC’s review indicate a firm is in compliance with applicable professional standards and has successfully completed a quality review performed by an SED-approved reviewer, the QROC will recommend to the SED that the quality review report be accepted. If the results reveal some deficiencies or indicates that the firm was not in compliance with applicable professional standards and the QROC finds that the quality review report warrants disciplinary action, then QROC may refer the firm to the Office of Professional Discipline.

For more information on the state’s mandatory quality review program and mandatory firm registration, click here.

Marvin and Company Adds Three New Employees

Posted on: 2/23/11

Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region is proud to announce Lynn Hallenbeck, Andrew Bullard and Luda Khlevnoy have joined the firm as Staff Accountants.  Hallenbeck was recently a Staff Accountant with BBL Hospitality in Albany and holds a combined bachelor’s and masters degree in accounting from Siena College and The College of Saint Rose.  Bullard is currently a tax intern with Marvin, and will begin full-time upon graduation from Union Graduate College in June with his MBA in accounting.  Khlevnoy is a recent graduate of The College of Saint Rose with a masters degree in accounting and previously received her bachelor’s degree from the University at Albany.  In addition, Dan Colvin has joined the firm’s Auditing Department as an In-Charge Accountant. Colvin is a graduate of Western New England College in Springfield, Mass.  He was recently a Senior Accountant for Empire Generating Co. in Albany and a Senior Audit Associate at KPMG.

Marvin and Company, P.C. Announces Addition of Three New Shareholders

Posted on: 9/29/10

Marvin and Company, P.C. (Marvin), a leading regional CPA firm based in the Capital Region, is proud to announce effective Oct. 1, 2010, the addition of three shareholders to the accounting, auditing, , tax and management advisory services firm, bringing the total number of shareholders to 10.

Marvin and Company’s newest partners, Timothy A. Reynolds of Clifton Park, Karl F. Newton of Ballston Spa and Kevin P. O’Leary of Albany, are seasoned Managers with significant experience in an array of small business, non-profit and tax-related fields.

Timothy A. Reynolds, CPA, MSCIS, is a 1998 graduate of Siena College.  Tim joined the firm in 1998 and has extensive experience in providing accounting, auditing and management advisory services to clients in the non-profit sector.  Tim specializes in the rehabilitation and human services industries helping clients manage all of their reporting requirements, including cost reporting to regulatory bodies and single audit filings in accordance with OMB Circular A-133.  He has worked with a variety of not-for-profits including foundations, preschools, special education centers, substance abuse centers, colleges and agencies serving the physically and mentally challenged.

 

Karl F. Newton, CPA, joined the firm in 1999 and is a graduate of Bentley College.  Karl provides audit, accounting and management advisory services to not-for-profit organizations, rehabilitation and human service agencies, public authorities, local governments and commercial entities.

 

 

 

Kevin P. O’Leary, CPA, is a 1999 graduate of Hartwick College.  Kevin joined the firm in 1999 and provides accounting, and tax services to various not-for-profit organizations as well as personal and corporate tax clients.  Kevin currently oversees the Firm’s tax-exempt tax services.  In October 2009, Kevin also took over managing and centralizing the business development of the firm.

“We are delighted to offer each of them a partnership,” said Marvin and Company Managing Partner Kevin McCoy.  “They bring tremendous experience to the firm and we are privileged to have them as part of our team.”

About Marvin and Company, P.C.

Founded in 1923, Marvin and Company, P.C. is headquartered in Latham, New York.  Some of the services we provide include: accounting, auditing and other assurance services, business plan development, buying and selling a business, buy/sell agreement consulting, children’s education funding consulting, compilations of financial statements, computer consulting – technology security assessment, corporate tax preparation and planning, estate and trust tax preparation, planning and accounting, financial forecasts and projections, fringe benefit and retirement plan services, government audits, IRS representation, management advisory services and business consulting, not-for-profit entity planning services: (compensation and benefit planning, risk management, strategic planning, tax preparation and planning, unrelated business income tax preparation and planning), personal income tax preparation and planning, reimbursement methodology analysis and consulting, retirement plan audits, reviews of financial statements and tax attribute maximization.  For more information, call (518) 785-0134, or visit www.marvincpa.com.

Marvin and Company Director Discusses Internal Control Essentials for Financial Managers, Accountant

Posted on: 9/3/10

The American Institute of Certified Public Accountants (AICPA) recently released a continuing professional education self-study course titled “Internal Control Essentials for Financial Managers, Accountants and Auditors.”  Marvin and Company Director, Frank S. Venezia, CPA, is a featured presenter in the DVD video accompanying the course.  The course is designed to provide information and guidance on internal control systems and control documentation at the significant process level.  For more information about the course, please contact us.

Marvin and Company volunteers for Capital District Habitat for Humanity

Posted on: 5/21/10

Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region, recently held a Habitat for Humanity Day. Fifteen employees and family members assisted Capital District Habitat for Humanity in rehabilitating a house in the Capital District.  Capital District Habitat for Humanity’s goal is to ensure that everyone in the community has a decent home in which to live by inviting people from all walks of life to work together in partnership to help build homes for those in need.  CDHfH is one of more than 1,600 affiliates of Habitat for Humanity, International, located around the world.  Since 1976, these Habitats have built more than 200,000 homes in the United States and in 100 countries around the world.

Marvin and Company discusses Office of Medicaid Inspector General Audits

Posted on: 5/14/10

Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region, recently presented at the Financial Managers Association Conference at the Otesaga Hotel in Cooperstown, New York.  Representatives from Marvin and Company, PC participated in the workshop “Investigating and Evaluating OMIG Audit Findings”.  Ben Lasher, CPA, Tim Reynolds, CPA and Frank Venezia, CPA led participants through the regulations used by the Office of Medicaid Inspector General, the audit approach, the self-disclosure program, preparing for the audit and the types of findings to expect.  The discussion leaders also provided information on how to understand the extrapolation methodology and suggestions on how to challenge audit findings based on weaknesses in the audit methodology.  Contact us if you would like a copy of the presentation.

Marvin and Company Adds Two New Employees

Posted on: 4/10/10

Marvin and Company, P.C. (Marvin), a leading regional CPA firm in the Capital Region is proud to announce Nicolena M. Asaro and Matthew W. Merriam have joined the firm as Staff Accountants in the Auditing department. Asaro was recently an Internal Auditor with Trans World Entertainment, and holds a combined bachelor’s and masters degree in accounting from The College of Saint Rose. Merriam is currently a tax intern with Marvin, and will begin full-time upon graduation in May, 2010 with a combined bachelor’s and masters degree in accounting from Siena College.

Staff Accountants Frank L. Moran and Gloria J. Buice have both recently earned their CPA license in New York State. Buice holds a bachelor’s degree in English from the University of Memphis, and received her master’s degree in Accounting from the University at Albany. She works primarily in the firm's tax department, and serves clients in the commercial and not for profit areas, as well as personal tax clients. Moran is a graduate of Siena College with a bachelor’s degree in Accounting. He serves clients both commercial and not for profit, as well as school districts and clients in the health care industry. 

In addition, the following Staff Accountants with Marvin have recently passed all four sections of the CPA exam. They serve both commercial and not for profit clients, as well as school districts and clients in the health care industry.

Daniel J. Henley graduated from the State University of New York at Buffalo with a Bachelor of Science in Business Administration, and completed the Registered Accounting program.

Christopher M. Hynes graduated from Hartwick College in Oneonta with a combined bachelor’s degree in Accounting and Political Science.

Bryan L. Li holds a Bachelor of Business Administration, with a major in Accounting from Siena College and a Master of Science in Accounting from The College of Saint Rose.

Kevin McCoy, Director of Marvin and Company, P.C. Discusses Health Care Reform

Posted on: 4/8/10

Kevin McCoy, CPA, a director with Marvin & Company, P.C. and a former member of the New York State Society of CPA’s Board of Directors, will discuss health care reform and its impact on small businesses at the seventh in a series of the New York State Society of Certified Public Accountants Breakfast Briefings in New York City on Wednesday, April 21, 8:30-10:30 a.m.

Kevin, along with five other panelists will cover health care reform topics including impact on small businesses, cost to health care providers, impact on New York State, tax implications and other topics.

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