Anchin: Personalized Accounting Services for Holistic Growth

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Russell Safirstein, Partner in Charge – Anchin Digital Risk Solutions and Chris Noble, Partner, Leader of Services & Technology Groups

The COVID-19 pandemic has presented challenges to accounting firms and their clients, many of whom are still working on a strategy to combat this unprecedented situation. While CFOs and other finance professionals spent much of 2020 addressing the pandemic's hardships, in 2021 they will likely be shifting their focus toward implementing long-term plans to position their organizations for growth and profitability. Despite its toll on people and businesses, the pandemic has created an opportunity for accounting firm leaders to influence positive outcomes by reevaluating and adjusting their goals and executing well-thought-out strategies. As a result, advisory services are among the fastest-growing segments for firms such as Anchin, one of the country's leading accounting and advisory firms. Since the onset of the pandemic, Anchin’s team of professionals have made it a priority to assist their clients through COVID-19 related hardships including guiding clients through the transition to remote working, evaluating cash flow and costs, and providing them with continuous information and updates on the Paycheck Protection Program (PPP) and other incentives and programs.

Anchin provides privately held businesses, investment funds, and high net worth individuals and families with a wide range of financial reporting, tax, and advisory services. In addition to traditional accounting and auditing, Anchin provides clients with a suite of advisory services including tax planning and compliance, cybersecurity, assistance with tax credits and incentives, business risk management, digital risk solutions, transaction advisory and exit strategies, and more.

For many firms, the pandemic brought on a unique set of challenges. While many firms were concerned that remote working would greatly reduce employee productivity, Anchin’s professionals were quick to pinpoint the many opportunities a remote work environment presented.

“For almost a century, our team has traditionally worked exclusively in an office setting. Our firm’s transition to remote working was seamless, as our team of professionals quickly embraced the virtual environment and made it their highest priority to guide our clients’ businesses forward. During the initial weeks, our team communicated with our clients around the clock to help them navigate government programs and offer them proactive advice on banking considerations, inventory levels, and backlog.

As the pandemic continues, we are actively supporting our clients in the same way by providing them the tools to move their company forward into a brighter future," says Chris Noble, Partner and Leader of the Services & Technology Groups at Anchin.

As the pandemic threw an unexpected curveball for business operations across the board, Anchin's risk management services proved instrumental in guiding clients on the right path to mitigate the challenges. "We have been making big strides to enhance our service offerings for our clients. As the world continues to battle the COVID-19 pandemic, we have been helping our clients to keep their organizations moving forward during these trying times, and preparing them for the future," explains Russell Safirstein, Partner in Charge of Anchin Digital Risk Solutions and President of Redpoint, Cybersecurity.

As the pandemic continues, we are actively supporting our clients in the same way by providing them the tools to move their company forward into a brighter future

In addition to transitioning their clients into a remote working space, Anchin’s team of professionals developed strategies to address system and data access issues by acquiring and adjusting to new systems and programs. From managing IP requirements to ensuring connectivity to evaluating the systemic risks associated with remote working staff, Anchin's advisory team was present at every step along the way to provide proactive advice to its clients. "We had to address issues related to the health of our staff and that of our clients, and also help our clients be mindful of the potential financial and reputational losses they might face," adds Safirstein.

Functioning as an external CFO to their clients, Anchin was able to assist companies in understanding the benefits of the Paycheck Protection Program (PPP) and ensure they understood the rules and nuances of eligibility and forgiveness. Anchin also helped a significant number of clients with various services related to carryback claims, consulting on expanding credit facilities to ensure that they had enough working capital to survive the pandemic, and cost reduction analyses for overhead and operational costs. "Our focus was on cash flow. We worked with our clients to help them preserve as much cash flow as they could, advising them on managing their customer and vendor relations with a post-COVID economy in mind," says Noble.

In response to the changing workforce, Anchin opened a new office in Long Island, NY and is focused on expanding their footprint in the coming years. "The pandemic has brought forth some of the world’s largest disaster recovery tasks. There are always lessons to be learned when you go through an event of such magnitude. And the biggest lesson for us is to be prepared for such events in the future and have a suitable plan of action," concludes Safirstein. Building on nearly 100 years of experience, Anchin plans to leverage their extensive intellectual capital in continuing to partner with their clients to solve the new problems of the changing world and provide the best service offerings to their clients.

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Anchin

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Anchin

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Russell Safirstein, Partner in Charge – Anchin Digital Risk Solutions and Chris Noble, Partner, Leader of Services & Technology Groups

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Anchin a leading accounting, tax and advisory firm, built to help clients overcome challenges and achieve their financial objectives with exceptional confidence. By mitigating risk and identifying opportunities, Anchin empowers privately-held businesses, investment funds and high-net-worth families to realize their goals and drive success, in any economy.

Anchin News

Anchin Continues Growth by Welcoming Partner Matthew Rosenblatt to its Professional Services and Technology Groups

NEW YORK,-- Anchin, a premier New York-based accounting, tax and advisory firm, is pleased to announce that Matthew Rosenblatt has joined as an Audit Partner in the Firm's Professional Services and Technology Groups.

Matthew Rosenblatt, a Certified Public Accountant (CPA), possesses extensive expertise in delivering both attestation and advisory services, encompassing a deep understanding of GAAP and various other technical proficiencies. With a background of serving clientele in industries such as technology, professional services, entertainment, media, and non-profit sectors, Matthew is set to assume a significant role at Anchin. In this capacity, he will provide valuable guidance to clients operating within these sectors, contributing as a key member within Anchin's expanding Technology and Professional Services Groups.

"I am excited to welcome Matthew to the team. He has experience in industries in which we are serving an increasing array of clients. Matthew is part of a growing roster of recent additions who are attracted to the firm due to Anchin's culture and independence," says Chris Noble, Partner and Leader of the Technology Group, and the Professional Services Group which includes Law Firms, Public Relations, Advertising & Media, IT Service companies and other professional service businesses.

"It is great to see how many professionals have recently joined our team at Anchin," adds Russell B. Shinsky, Managing Partner "Our core values and focus on providing exceptional client service in a Best Places to Work environment continue to draw talent to our firm. I think that is the attraction - the knowledge that they will be part of a robust and flourishing culture that is commencing its second 100 years in business."

Anchin has consistently earned recognition as a premier workplace in not only New York City and New York State but also on a national level. Esteemed publications including Crain's NY Business and Accounting Today consistently name Anchin among the Best Places to Work.

Alongside the remarkable growth Anchin accomplished in the year 2022 – marked by milestones such as establishing an office in Boca Raton, Florida; welcoming seven new Partners and Principals; and promoting an unprecedented number of individuals to Director and Senior Manager positions – the firm has already successfully onboarded four new professionals at the Partner level in the year 2023.

Anchin Expands Florida Footprint and Private Client Tax Team

NEW YORK, -- Anchin, a leading New York-based accounting and advisory firm, proudly announces the opening of its new office in Palm Beach Gardens, Florida. This expansion reflects the firm's continued effort to accommodate the growing service needs of high-net-worth families and individuals, as well as businesses in the South Florida region.

"As our clients' interests in Florida continue to grow, we want to ensure that our capabilities in the region properly align with personal, finance and strategic business objectives," said Russell B. Shinsky, Managing Partner of Anchin. "We are excited to bring Anchin's specialized knowledge and personalized service approach to Palm Beach Gardens and are committed to providing high-level compliance and advisory solutions to our individual, family, and privately held business clients in South Florida."

To further support this commitment, Anchin has added Laura Clark, CPA, Kyle Donham, CPA, and Patrick Mangan, CPA, to their South Florida team. As Tax Managing Directors within the firm's Private Client Group, they will significantly enhance the firm's ability to bring sophisticated tax strategies and family office services to high-net-worth families and individuals in the Sunshine State.

"Laura, Patrick, and Kyle bring a wealth of tax and regulatory experience that seamlessly complements our team's forward-thinking approach and technical excellence, and we eagerly welcome them to our organization," says Jared Feldman, Anchin's Private Client Group Practice Leader.

As residents who were raised in Florida and also cultivated their careers in the Sunshine State, Kyle, Laura, and Patrick will bring extensive experience, notably in aspects related to trusts and estates, gifting, private foundations, closely held businesses, and high-net-worth families, to Anchin and will strengthen its overall client service and presence in a market.

These prominent new hires reflect Anchin's expansive growth in the South Florida and New York Metro regions over the past two years. The firm established an office in Boca Raton, Florida, in 2022 and has welcomed and promoted more than twenty-five (25) diverse Partners, Principals, Directors, and Senior Managers through the start of 2024. Additionally, Anchin has proudly earned the 2024 Best of Accounting Award for Service Excellence and has consistently been listed among the Best Places to Work in the U.S., New York City, and New York State over the past 15 years.

Anchin Celebrated as a Top Workplace by Accounting Today and Crain's New York Business for 2024

NEW YORK - Anchin, announce its recent recognition as one of the 2024 Accounting Today's Best Accounting Firms to Work for, as well as being named one of the Best Places to Work in New York City by Crain's New York Business.

"The firms on this list represent the best workplaces in the accounting profession," said Accounting Today Editor-in-Chief Daniel Hood. "They are outstanding places to build a career."

These prestigious rankings highlight Anchin's continued success as an independent firm renowned for providing innovative tax, accounting, and business advisory solutions tailored to help privately-held businesses, investment funds, and high-net-worth families maximize their tax savings and achieve their financial goals. The accolades also reflect the firm's strong emphasis on cultivating a positive workplace culture, developing home-grown and lateral talent, and delivering exceptional, partner-led client service.

"Together, these awards reaffirm Anchin's commitment to its core values of people, teamwork, honesty, and excellence, which continue to drive the firm's leadership and esteemed reputation in the industry as we approach 2025," says Russell B. Shinsky, Anchin's Managing Partner.

Anchin is honored to be recognized alongside other distinguished recipients and remains committed to upholding the values represented by this distinction from Accounting Today and Crain's New York Business.

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