Marks Paneth & Shron LLP, Leading New York Area Accounting Firm, Merges With Montalto CPA, LLC
Merger Expands Tax and Family Office and Business Management Services Offered in Westchester, New York; Northern Suburbs and Connecticut
NEW YORK, NY--(Marketwire - April 15, 2009) - Marks Paneth & Shron LLP (MP&S), a
leading New York-area accounting firm with nearly 500 people, approximately
70 of whom are partners and principals, announced today that it has
merged with Westchester-based accounting firm Montalto CPA, LLC. The
merger expands MP&S's tax and family office and business management
services offered to small businesses and high-net-worth individuals in
Westchester County, the northern suburbs and Connecticut. A partner,
Anthony V. Montalto, CPA, 64, one senior tax manager, Lucille
Murray, 53, and four supporting staff members will join the MP&S
Tarrytown, New York office.
Said Arthur E. Cannata, CPA and Mark Levenfus, CPA, managing
partners of Marks Paneth & Shron, "Expanding the firm's Tax and Family
Office and Business Management Groups in our Westchester office allows us
to be more focused in the services we provide that market and its
surrounding areas. We are excited to welcome Tony, Lucille and their team
to Marks Paneth & Shron and value the strength they will lend to our firm's
tax and family office and business management practices."
Montalto CPA, LLC is the successor firm to Montalto & Company, LLP that was
established in New York in 1970. In its nearly forty years operating in
New York, the firm has specialized in providing tax preparation and
compliance, as well as family office and business management services to
over 350 businesses, service organizations, not-for-profit organizations
and individual clients.
New MP&S Partner and Senior Tax ManagerAnthony V. Montalto, CPA, Partner
Anthony V. Montalto, CPA served as the managing member of Montalto CPA, LLC
where he spent 38 years establishing and building the firm's practices in
Westchester County and in Stamford, Connecticut before merging Montalto
CPA, LLC with Marks Paneth and Shron in 2009. He brings to MP&S more than
40 years of experience in general accounting, review and compilation,
consulting and tax advisory services. Mr. Montalto has worked extensively
with high-net-worth individuals, companies in the construction, food
importing and distribution, entertainment and personal service industries,
as well as municipalities and private foundations.
Mr. Montalto is a member of the American Institute of Certified Public
Accountants (AICPA), as well as a member of the New York, Connecticut and
California Societies of Certified Public Accountants and the National
Association of Tax Professionals.
Mr. Montalto completed the AICPA WebTrust Certification Program which
qualifies him to issue the WebTrust seal of assurance service to clients.
He has also completed and received the NYSSCPA Certificate of Educational
Achievement in Personal Financial Planning. Mr. Montalto holds a Bachelor
of Science degree from Fordham University. He is a resident of
Pleasantville, NY.
Lucille S. Murray, Senior Tax Manager
Lucille S. Murray was a senior tax manager of Montalto CPA, LLC, where she
served in the Taxation & Family Office Practice. An accounting
professional with 30 years of experience, Ms. Murray specializes in the tax
aspects of the medical industry, as well as serving the needs of
high-net-worth families and individuals. Ms. Murray is an associate member
of the New York State Society of Certified Public Accountants (NYSSCPA),
the National Association of Tax Professionals and the American Society of
Women Accountants. She holds a Bachelor of Business Administration in
Accounting from Iona College, New Rochelle. She is a resident of
Pleasantville, NY.
About Marks Paneth & Shron
Marks Paneth & Shron LLP (MP&S) is an accounting firm with nearly 500
people, approximately 70 of whom are partners and principals. The firm
provides businesses with a full range of auditing, accounting, tax,
bankruptcy and restructuring services as well as litigation and corporate
financial advisory services to domestic and international clients. The firm
also specializes in providing tax advisory and consulting for
high-net-worth individuals and their families, as well as a wide range of
services for international, real estate, media, entertainment, nonprofit,
professional and financial services and energy clients.
The firm also provides information technology consulting services through
its Tailored Technologies subsidiary. In addition, its membership in JHI,
the leading international association for independent business advisers,
financial consulting and accounting firms, facilitates service delivery to
clients throughout the United States and around the world.
Marks Paneth & Shron, whose origins date back to 1907, is the 32nd largest
accounting firm in the U.S., and the 15th largest in the New York area. Its
headquarters are in Manhattan. Additional offices are in Westchester, Long
Island and the Cayman Islands. For more information, please visit
www.markspaneth.com.
Contact Information: Contact:
Adria Greenberg
Sommerfield Communications, Inc.
212-255-8386
adria@sommerfield.com