Two of the region's most respected accounting firms, Mayer & Company LLP and Feldman, Meinberg & Co. LLP, have merged their practices. Both firms have a longstanding reputation for excellence - Mayer & Co. has operated for close to 25 years, and Feldman, Meinberg & Co. was formed more than 60 years ago. The new firm, MayerMeinberg LLP, will have offices in Syosset, New York and New York City. Co-managing partners Robert O. Mayer, CPA and Mark L. Meinberg, CPA jointly made the announcement.
Chief among the responsibilities of a managing partner is to identify opportunities that are beneficial to both the firm and its clients, and that includes identifying strategic merger partners," said Mark Meinberg. "Bob and I have found that there exists an ideal synergy between the two firms, from our expertise in congruent practice areas to the core values we uphold. We fully expect MayerMeinberg to capitalize on the strengths and resources of both firms to provide expanded client service.
Robert O. Mayer concurs. Like Mayer & Co., Feldman Meinberg has a history of solid commitment to responsive, individualized service and a deep understanding of the entrepreneurial spirit. By combining our shared competencies, we have broadened both our expertise and our resources, and our ability to retain and attract top talent for the firm. We are very excited about this new partnership and the increased opportunities it presents.
The two firms share a compatible culture, expertise and history of service, working with both individuals and businesses through the start-up, growth and transition phases with strategic advice and services to facilitate success, minimize taxes and maximize wealth. MayerMeinberg's strategic partnership includes core competencies in real estate, including but not limited to cooperatives, condominiums and homeowners associations; professional services, digital media, e-commerce, staffing, bankruptcy, forensics and litigation support, construction, entertainment, leisure and fashion.
Our real estate practice spans Manhattan, the outer boroughs and Long Island, with significant clients throughout the tri state area,explains Robert Mayer. The diversity of these clients within the industry has helped us to create a playbook of best practices to share with our clients.
The realities of the economic downturn have demanded reorganization, refinancing and retooling amongst many of our clients, points out Mark Meinberg. We've played a critical role as a liaison with financial institutions and investors.
Other MayerMeinberg services include lifestyle management, cash management, turnaround management, family business planning, business management consulting, estate and retirement planning and CFO services. The firm also has a full time tax attorney on staff to support and advise its accounting and business consulting practices.
Robert O. Mayer created Mayer & Company in 1992. His career, which initiated at a big 10 firm, spans more than 35 years in the field of public accounting. Robert's entrepreneurial prowess is one of the many assets that he provides to his clients. In the five years he served as chief financial officer for a Long Island company, the company expanded from one location to five locations, and sales increased from $12 million to $60 million. He also served as Chief Financial Officer of a lumber wholesale company, where he brought the sales from $42 million to $160 million. He has been included in Long Island Business News' Who's Who in Accounting and recognized by the publication as among Long Island's 50 Around 50.
Active in both his profession and the larger community, Robert serves on the corporate committee of the Nassau County Museum of Art, is a past president of the Suffolk Chapter of the National Association of Accountants, past treasurer of the Long Island Lumbermen's Association, past treasurer of the Dix Hills Jewish Center, past president of Ocean Dunes Cooperative and past treasurer of the HOA of The Hamlet on Olde Oyster Bay. He is a member of the AICPA and the New York State Society of Certified Public Accounts (NYSSCPA).
The managing partner of Feldman, Meinberg & Co. since 1990, Mark Meinberg is widely respected in the accounting profession for his professionalism, management skills and overall expertise. Under his leadership Feldman, Meinberg & Co. was recognized among the Best Accounting firms on Long Island by both Long Island Business News and the Long Island Press. His in-depth knowledge of insolvency, bankruptcy and reorganization and his successful representation of clients into and out of Chapter 11 filings make him a valuable resource to both his clients and professional colleagues, and qualify him as an expert witness in litigation and Bankruptcy Court proceedings.
The current past president of NYSSCPA's Nassau Chapter, Mark was elected to the state organization's Board of Directors in 2006, served on its executive committee and as vice president and has sat on the Board Governance subcommittee and many other significant committees. Previous Nassau Chapter responsibilities have included vice president, treasurer, secretary, chairman of the Management of an Accounting Practice Committee and Executive Committee. He currently serves in a council position for the AICPA (American Institute of Certified Public Accountants) and on the board of directors for the Long Island Chapter of the IMA (Institute of Management Accountants).
Recognized for his expertise and leadership, Mark was invited to Washington DC to meet with members of the Senate Finance Committee. He also was one of four panelists who discussed fraudulent behavior on the television program, Exploring Critical Issues, hosted by Adelphi University President Robert A. Scott, and was a guest on the radio show, Around the Market in 30 Minutes for a discussion on helping clients position their portfolio under current tax law.
The MayerMeinberg offices are at 14 Penn Plaza in Manhattan, and 6900 Jericho Turnpike in Syosset, New York. During the transitional phase, the firm will also operate out of the Mayer & Co. offices at 99 Sunnyside Blvd. in Woodbury, New York. More information can be found at www.mayermeinberg.com.