Marcum SEC Auditing Practice Leads Industry In National Ranking For Fourth Quarter

Friday, February 1, 2013 - 15:12

Marcum LLP led the entire accounting industry in most new Securities and Exchange Commission audit clients in the fourth quarter of 2012, according to an article published by Accounting Today. The article was based upon research reported by Audit Analytics, a company that analyzes changes in auditors of Public Companies. With six net SEC client wins, Marcum outpaced the growth of all other accounting firms, including the Big Four, and doubled the results of the second-ranked firm for the quarter.

The Audit Analytics ranking was reported February 12 on

“Our accomplishment for the quarter exemplifies the growth of Marcum’s SEC practice and our commitment to delivering superior services to our clients,” said David C. Bukzin, partner-in-charge of the firm's SEC Practice Group. “Our depth and specialization in the industry, as reflected in our top ranking, is also the basis for the creation of the Marcum MicroCap Conference, which debuted last year with more than 60 publicly traded companies presenting and an attendance that exceeded 800 people.”

The second annual Marcum MicroCap Conference will take place on Thursday, May 30, 2013 at the Grand Hyatt New York. More information is available at

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Marcum LLP has unveiled an interactive map tracking the status of same-sex marriage in each of the 50 U.S. states and how such unions are treated for tax purposes. The map was created as a tool for clients of Marcum’s national Lesbian, Gay, Bisexual, Transgender (LGBT) & Non-Traditional Family Practice group.

The map enables users to view the status of same-sex marriage unions in individual states by hovering their computer cursors. A pop-up chart for the highlighted state reveals a variety of data, including whether same-sex marriage or rights similar to marriage are recognized in that state, and the effective date the applicable law was enacted and/or repealed.  The chart also notes whether it is a community property state and whether protective tax refund claims or amended allocated tax returns should be filed. The map can be accessed at

As of January 1, 2013, Connecticut, Iowa, Maine, Maryland, Massachusetts, New Hampshire, New York, Vermont and Washington, as well as the District of Columbia, have legalized same-sex marriage. In addition, Rhode Island recognizes same-sex marriages performed in other jurisdictions, and California, which briefly granted same-sex marriages in 2008, now recognizes them on a conditional basis.

“The Marcum Same-Sex Marriage Map gives same-sex couples and non-traditional families an easy way to check fundamental facts relevant to taxpayer status in their home state or others.  This will be an especially useful tool once the U.S. Supreme Court rules on the definition of marriage as contained in the Defense of Marriage Act, which is expected to have broad-ranging implications for the way same-sex couples and non-traditional families are taxed at the federal and state levels,” said Nanette Lee Miller, national leader of Marcum’s LGBT practice group and Partner-in-Charge of Assurance Services for the firm’s California offices.

“In states permitting or recognizing same-sex unions, taxpayers must be vigilant and proactive in order to make sure they are getting full benefit from the equitable tax treatment that is available to them.  It is critical that married same-sex couples file protective claims now to ensure that they have access to any retroactive refunds they may be due pending the Supreme Court decision,  before the statute of limitations expires. The ruling may also allow same-sex married couples to benefit from tax-advantaged estate planning,” said Janis Cowhey McDonagh, a partner in the firm’s New York City office and a member of its Trusts and Estates Practice group, who frequently lectures on LGBT estate and income tax issues. Ms. McDonagh is the author of Top 10 Estate Planning Tips for LGBT & Non-Traditional Families.

Marcum LLP is the thought leader in the specialty area of tax compliance and consulting services within the LGBT community. The firm's professionals have more than 20 years of experience in dealing with the complex tax and financial rules faced by LGBT couples and families, state-by-state and around the country.  For more information about Marcum LLP’s LGBT & Non-Traditional Family Practice Group, call (415) 568-2605 or email

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Marcum LLP  has announced that the offices of Parent, McLaughlin & Nangle CPAs, Inc. have merged into the firm’s New England practice, effective immediately.  The merger combines a leading Massachusetts CPA firm into a top-ranked national accounting and advisory firm with offices in the U.S. and abroad.

PMN brings six partners and 30 professional staff to Marcum’s Massachusetts practice and adds a fourth office to the firm’s New England region. Founded in 1976, PMN specializes in serving financial institutions and other service organizations; not-for-profit organizations; and closely held businesses. The firm is ranked as a Top 3 audit and accounting provider in Banker & Tradesman’s Best of 2012.

“PMN’s deep roots in the Boston financial services community are an asset that will further strengthen our service offering in the New England region. The firm is particularly well known for its work in community banking and nonprofit services, which strategically complements Marcum’s core capabilities in these and other industry sectors. In addition, PMN’s office in Raynham expands our geographic footprint in the region,” said Jeffrey M. Weiner, Marcum’s managing partner.

“Marcum’s extensive national resources will enable us to expand well beyond what we would have been able to accomplish on our own. The expertise and experience of both firms are a great natural fit,” said David A. St. Yves, PMN partner and president.

“PMN brings both talent and additional critical mass to our Boston team.  We anticipate great synergies within the merged organization,” said Douglas J. Farrington, partner-in-charge of Marcum’s Boston office.

“This merger will bring together one of the best-known audit firms in Boston with a major national CPA firm that has one of the fastest-growing New England practices. Marcum will provide PMN clients with a wide range of additional services, while PMN will expand Marcum’s audit services in the greater Boston community. There is also a wonderful cultural fit between the two firms which will provide great opportunities for both clients and staff,” said Stephen Weinstein, a New England-based practice management consultant to the CPA profession who introduced the merger partners.