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Chris has considerable experience in the areas of auditing, accounting, taxation, and consulting services with a primary focus on commercial businesses. He serves many of the Firm’s auto dealership and workers’ compensation clients, taking an active role in planning, performing, and reporting all phases of the engagements. Chris also provides tax compliance services for a number of the Firm’s individual tax clients. Over the past several years and in addition to the traditional auditing, accounting, and tax services described above, Chris has been materially involved in numerous large workers’ compensation trust forensic and targeted procedure engagements.
State University of New York at Buffalo, Bachelor of Science, Business Administration with a concentration in Accounting and Finance
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Association of Certified Fraud Examiners
Kiwanis Club of Buffalo, Treasurer
Buffalo Kiwanis Club Foundation, Treasurer
Our Lady of Peace Church Holy Name Society, Member
Chris is an avid fisherman and enjoys both fresh and saltwater fishing. During the summer months, you will often find him boating and fishing with family and friends on one of western New York’s two Great Lakes.
Criminals often hide behind businesses, using anonymous or shell companies to launder ill-gotten funds and avoid prosecution. A new law, the Corporate Transparency Act, aims to reduce financial crime by requiring certain businesses to report their ownership.
During the COVID-19 pandemic, many companies have shifted to work-from-home arrangements to protect the safety of their workers. This trend is expected to continue even after the pandemic ends. Unfortunately, the chances of intellectual property theft (or inadvertent loss) are generally greater when employees work at home.
The Tax Cuts and Jobs Act (TCJA) made an unfavorable change to the kiddie tax rules, starting in 2018, but that change was retroactively reversed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which passed in late 2019.
The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.
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The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.
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