Real Estate Journal — New Jersey — February 10 - 23, 2017 — 13B
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M id A tlantic
N ew J ersey Multi-disciplinary accounting & consultancy firmwith deep roots in NJ Real Estate Industry Sax LLP marks 60 years of service to the New Jersey real estate industry A ccounting, tax and ad- visory firm Sax LLP celebrated its 60th as a top accounting firm by NJBIZ, Accounting Today and Inside Public Accounting and (NJAA), Urban Land Institute, Builders & Remodelers Asso- ciation of Northern New Jersey
the Year award from BRAN- NJ and the “Companies that Care” distinction from the Commerce & Industry Asso- ciation of New Jersey. Community Champion In addition to involvement in Real Estate industry events and several associa- tions’ charitable endeavors, Sax has rallied the New Jer- sey real estate community around its annual 4 Miler at Garret Mountain. Sponsored by the firm’s charitable foun- dation, the event has raised more than $290,000 over the past five years for St. Joseph’s
Children’s Hospital, thanks to generous support from the real estate industry, includ- ing Mountain Development, Value Companies, BNE As- sociates, Sterling Properties, Longstreet Development, Millennium Custom Homes, Bukiet Building & Manage- ment and Madison SPECS. For more information on Sax LLP and its special- ized services for the Real Estate Industry, visit www. saxllp.com or contact Michael A. Mongelli, CPA, Practice Leader, at mmongelli@saxllp. com or (973) 472-6250. n
anniversary at the end of 2016, mark- ing another d e c a d e o f s e r v i c e t o New Jersey businesses and the ver- t i ca l mar -
“Succeeding in the real estate market today is highly dependent on aligning yourself with the right professionals,” said Michael A. Mongelli, CPA, Practice Leader of the Real Estate Industry Services Group at Sax.
is ranked among the 250 larg- est private companies in New Jersey by NJBIZ. The Real Estate Industry Service team is well-known for its support of and involvement in industry associa- tions, including NAIOP-NJ, New Jersey Apartment Association
(BRANNJ) and Metropolitan Builders and Contractors As- sociation of NJ. In 2016, the firm was the recipient of two Garden State Awards from NJAA, an Award of Excellence from Metro BCA, the Associate of
Michael A. Mongelli
kets in which they operate. Established in 1956 as Sax Macy Fromm & Co., Sax is now a thriving 150-person firm with offices in Clifton, NJ and Manhattan. Real estate is one of the firm’s largest and fastest- growing practice areas, driven by a team of experi- enced and knowledgeable professionals dedicated to the industry. In addition to traditional accounting and tax services, Sax’s Real Estate Industry Group pro- vides specialized services for cost segregation, incen- tives, 1031 exchanges, due diligence, valuations, afford- able housing projects, and wealth and estate planning for high-net-worth families and individuals. Clients include developers, investors, property owners and family-owned real es- tate companies that rely on Sax professionals as their trusted advisors and busi- ness partners. “Succeeding in the real es- tate market today is highly dependent on aligning your- self with the right profession- als,” said Michael A. Mon- gelli, CPA, Practice Leader of the Real Estate Industry Ser- vices Group at Sax. “Chang- ing tax laws, available incen- tives, increased compliance and reporting requirements, and intense competition for the most desirable projects all combine to require the specialization of advisors who know the industry inside and out.” Stuart Berger, CPA, one of the founding members of the Sax Real Estate Industry Services Group, added: “Sax’s focus has always been beyond the numbers, looking into the client’s operations and pro- cesses in order to recommend strategies and solutions to improve their efficiency and results.” Industry Recognition Sax is consistently recognized
WE KNOW REAL ESTATE
The Real Estate professionals at Sax understand what it takes to achieve profitability, growth and long-term success. We use our industry knowledge and expertise to ADVISE REAL ESTATE OWNERS, DEVELOPERS, INVESTORS AND FAMILY-OWNED BUSINESSES on the best ways to face industry challenges, stay compliant, seize new opportunities and reach their financial goals.
Specialized Services include:
› TAX STRUCTUR I NG AND COMPL I ANCE
› 1 03 1 TAX- FREE EXCHANGE PLANN I NG › I NCENT I VES AND TAX CRED I T CONSULT I NG › REPRESENTAT I ON I N TAX CONTROVERSY
› LOW I NCOME HOUS I NG AND HUD
› ASSURANCE SERV I CES
› L I T I GAT I ON SUPPORT
› COST SEGREGAT I ON
For more information on the services offered through the REAL ESTATE Industry Services Group, contact Michael A. Mongelli, CPA, Practice Leader at (973) 472-6250 or mmongelli@saxllp.com . Clifton, NJ | New York, NY › www.saxllp.com
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