Jan 05 SAX ADDS SCHALL & ASHENFARB, CPA’s – CONCLUDING FOURTH CONSECUTIVE NEW YORK MERGER IN 2022, AND GREATLY EXPANDING NONPROFIT PRACTICE
Parsippany, NJ Headquarters – January 5, 2023 – Top 100 accounting, tax and advisory firm, Sax LLP, has announced the successful addition of Schall & Ashenfarb, CPA’s based in New York City, effective January 1, 2023.
Schall & Ashenfarb, CPA’s has a solid 30 plus year history of providing exceptional accounting services to nonprofit organizations in the tri-state area. Schall & Ashenfarb has specialized expertise in the nonprofit industry, with clients in diverse fields that include health and welfare organizations, arts and cultural institutions, education organizations including charter schools, private foundations, international organizations, and religious institutions.
“We are delighted to join the team at Sax LLP and provide our clients with additional resources and specialties that smaller firms do not possess,” said David Ashenfarb, Partner at Schall & Ashenfarb, CPA’s. “Sax recognizes the excellent service we provide to our many clients and is dedicated to helping us maintain that high quality of work and responsiveness we are known for. We expect a seamless merge of cultures and service philosophies, which was an important component when working to identify the partner that will take our S&A team to the next level.”
This partnership greatly bolsters the expertise and services of Sax’s Nonprofit Practice and marks the fourth successful NY-based merger Sax completed in 2022 that further expands the firm’s New York presence (Sax added David Weiss CPA LLC, Steven Press, and KMR LLP). As a result of these recent NY partnerships, Sax added 8 Partners, 2 Senior Advisors, 1 Director and 40 employees to their growing team.
“Completing four mergers in six months has been no easy feat for our firm. While expanding through strategic partnerships is a consistent growth goal we strive for, the most important factor is finding firms that align with our values and can easily fold into our operations,” said Joseph Damiano, CEO & Managing Partner at Sax LLP. “We were fortunate to come across Schall & Ashenfarb, CPA’s in our search. They are truly dedicated to their principles of professionalism, responsiveness, and quality which is demonstrated in the results they deliver and their reputation in the region. We are excited to welcome them to our firm and accomplish great things together.”
The merger between Sax LLP and Schall & Ashenfarb CPA’s was brokered by Robert Fligel, RF Resources. Sax is now a 53-partner-led firm with 271 total employees. The firm has three offices between New York and New Jersey, one international office located in Mumbai, India and has a remote team that spans 17 states and 2 countries.
About Sax LLP
Sax LLP is a 53-partner led, Top 100 accounting, tax and advisory firm serving the needs of privately held companies, family-owned businesses, not-for-profit organizations, and high-net-worth individuals. With offices in Parsippany, NJ, Ewing, NJ, New York City, NY and Mumbai, India, Sax has specialized expertise that benefits clients in our largest vertical markets. Sax provides added value to clients through advisory services that include but are not limited to Cybersecurity and Managed IT, Investment Banking, Transaction Advisory, HR Consulting, Valuation, Forensic & Litigation and Wealth Management. Sax has been nationally ranked and listed among the Top Accounting Firms by NJBIZ, INSIDE Public Accounting (IPA), Accounting Today and Forbes. For more information, please visit www.saxllp.com.