At Marks Paneth & Shron we focus on serving clients in selected industries. By concentrating on these industries, we are able to bring a depth of expertise to each engagement. We work consultatively to create tailored solutions for our clients. Our experienced, knowledgeable practitioners are committed to delivering proactive, personalized, insightful, responsive and professional service.
Marks Paneth & Shron (MP&S) has a long history working with clients in the energy industry. We help energy industry clients handle challenges related to the volatility of the energy market; reduce costs and enhance efficiency; comply with regulatory and reporting requirements; address cash flow issues, and navigate industry consolidation.
Among the services MP&S offers energy companies are acquisition, disposition and merger analysis; assistance in acquisition, season and term financing; cost of goods sold and gross margin analysis; profit center analysis; assistance in seasonal budget development; facilitations of bank financing, and business valuations.
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See a list of Family Office and Business Management Professionals
Contact the Family Office and Bussiness Management Group
Marks Paneth & Shron (MP&S) serves individuals and families with substantial net worth. Recognizing that each client is unique, we carefully assess individual and family requirements and provide a tailored array of services.
Once we have assessed our clients’ requirements, we assume the responsibility of assisting them with managing their financial lives so that they can concentrate their efforts on what they do best. Some of the services we offer include:
- Bill payment and cash flow administration
- Investment portfolio monitoring and analysis
- Management of family and small business employees
- Payroll administration
- Concierge services
- Fiduciary accounting
- Estate, trust and income tax planning
- Philanthropic planning
- Tax compliance
Customized Financial ReportingHigh net worth individuals and their families typically have multiple investment accounts with many brokers. Managing these numerous accounts can be a very difficult and time-consuming task. As part of Marks Paneth & Shron’s commitment to client service, we offer our clients a fully customizable reporting system.
Marks Paneth & Shron has over 20 years of experience serving domestic and offshore hedge funds, fund of funds, private equity funds and commodity pools. We have a diverse client base and service both start-ups and established funds. Our professionals have expertise in the latest strategies and financial instruments. We provide a full range of accounting and advisory services with a firm commitment to client relationships and service.
Fund Investment ReportingMarks Paneth & Shron offers fund managers a leading-edge partnership accounting and reporting system. We provide online access through a secure online portal and also offer online storage for important documents such as prior year K-1s, partnership agreements or hedge fund subscription agreements.
Marks Paneth & Shron (MP&S) recognizes that the jewelry industry owners and managers require unique financial guidance and services. Our professionals offer years of experience and particular expertise in providing practical solutions for these special challenges. You get sound business advice, complete accounting, auditing and tax-planning services, plus in-depth financial analysis.
MP&S serves as a financial consultant to both financial institutions that lend to the jewelry industry and manufacturers/wholesalers of diamond jewelry as well as dealers of loose stones.
Services for the Jewelry Industry
- Analysis of Gross Margin by Customer, Mass Merchandisers and Specialty Stores
- Analysis of Profitability of Memo Programs
- Review of Domestic Manufacturing vs. Importing
- Review of Operating Expenses
- Review of Financial Arrangements
- Cash Flow Analysis
- Development or Improvement of Inventory and Cash Management Controls
- Economic Order Quantities
- Inventory Valuation Methods
- Purchase or Lease Decisions
- IRC Section 263A – Uniform Capitalization Issues
- Bankruptcy
See a list of Manufacturing, Wholesale and Distribution Professionals
Contact the Manufacturing, Wholesale and Distribution Group
Marks Paneth & Shron (MP&S) offers experienced financial and business counsel in an area that is highly specialized and dynamic – manufacturing and its related industries.
We provide clients with effective solutions for industry-specific issues, as well as furnish knowledgeable tax-planning strategies to meet federal, state and local regulations. As professionals, we understand your needs.
Services for Manufacturers, Wholesalers and Distributors
- Development or Improvement of Cash Management and Inventory Controls
- Development and Analysis of Financial Ratios
- Inventory Valuations
- LIFO, FIFO, Average Cost
- Guidance in IRC Section 263A
- Uniform Capitalization Issues
- Assistance in Developing and Maintaining Distribution Systems
- Break Even Analysis
- Evaluation and Development of Internal Control Systems
Marks Paneth & Shron (MP&S) understands the nuances of the media and entertainment industry and has a long history of providing companies in that space with attest, accounting, tax and advisory services. The firm has worked with nearly all segments of the industry including internet and e-commerce; telecommunications; camera and light equipment rental and sales; direct mail; motion picture financing; motion picture production and distribution; television commercial production; editing and post-production; radio and television stations; book and magazine publishers, and advertising and public relations firms.
In addition to providing a full complement of services, we dedicate ourselves to helping media and entertainment companies reduce costs, enhance efficiency, address regulatory and reporting matters and meet the challenges of mergers and acquisitions that result from doing business on a global scale.
See a list of Nonprofit and Government Professionals
Contact the Nonprofit and Government Group
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Marks Paneth & Shron (MP&S) offers a wide range of auditing, accounting, tax and management advisory services designed to meet the specific needs of the over 100 public service sector entities that are our clients. Our understanding of the unique challenges that nonprofit organizations and government entities face has enabled us to successfully serve organizations operating in the public service sector for over 50 years.
Today’s environment is characterized by increased stakeholder demands, heightened public scrutiny and enhanced performance expectations. We help our clients meet these demands by ensuring that their organizations are audit-ready, that their financial reporting complies with all relevant requirements and that their accounting information is accurate, complete and transparent. A deep knowledge of the regulatory and economic conditions combined with in-depth technical and industry knowledge make certain that we are able to assist our clients in successfully addressing these challenges. Our people are actively involved in the public service sector. They speak at industry events, author articles, participate on standard-setting bodies, serve on boards and volunteer. Each member of the team is eager to demonstrate the value MP&S can bring.
Private FoundationsMarks Paneth & Shron (MP&S) offers all the services of a large accounting firm with the flexibility, timely personal attention and staff continuity clients expect from a mid-sized firm. Our trusted staff is relied upon, from generation to generation, to provide dedicated service for families, their businesses and their philanthropic enterprises.
Our deep involvement with individual families as they evolve over time to include family-owned businesses, private foundations and charitable organizations, helps us assist these clients in managing their enterprises, anticipating their changing needs and planning for a successful future. MP&S creates and preserves wealth by offering guidance on a variety of private foundation issues, including the excise tax on net investment income, distribution requirements, and grant-making rules.
See a list of Professional Services Firms Professionals
Contact the Professional Services Firms Group
Marks Paneth & Shron (MP&S) offers a wide range of auditing, accounting, tax and management advisory services to a wide array of professional services firms – legal, architectural, engineering and design firms as well as medical practices. Our services are provided by experienced practitioners who combine strong technical expertise with uncompromising integrity and a commitment to client service.
Law Firm ServicesAt Marks Paneth & Shron, we view law firms as distinct businesses with industry-specific needs. That’s why we offer a full complement of consultative services designed specifically for law firms in addition to the typical attest and tax compliance services you would normally expect.
Our experienced team of professionals understands the unique needs of the legal profession. Over the years, we have both advised firms on a wide range of business topics and provided litigation support services to top class-action litigation firms.
Marks Paneth & Shron (MP&S) has served the real estate industry for more than 100 years. This is an area of strategic focus for our firm. We have built a solid track record assisting many of the industry’s premier commercial and residential real estate owners, developers, builders, REITs (real estate investment trusts) and property managers to make smart financial decisions. We also serve clients in related fields including mortgage brokers, construction contractors, architects and engineers. We act as the trusted adviser to some of the top New York City real estate management companies as well as many of the most prominent real estate families in the New York area.
Our real estate clients benefit from the breadth and depth of our industry knowledge as well as our flexible approach to service delivery and our commitment to offering personalized attention and staff continuity. With more than 115 professionals, including 15 partners and principals, who focus on the real estate industry, MP&S brings deep industry expertise to each engagement. Our real estate advisers provide a broad range of services including guidance on acquisitions and joint ventures, tax planning and compliance issues and much more.
Transactional ServicesFrom structuring and financing multi-billion-dollar transactions to planning for future acquisitions and dispositions, Marks Paneth & Shron (MP&S) has the financial experience you need to support and strengthen your real estate deals. Our firm is a leader in handling large, complex transactions for some of the most prominent real estate developers and organizations in the country.
Our professionals can assist you in conducting due diligence for underwriting purposes, evaluating and making recommendations on proposed structures, preparing financial projections and feasibility analysis. A particular area of expertise for our real estate advisers is developing and implementing simple and complex workout plans. The success of our efforts can be measured by our notable list of clients, many of whom have been associated with the firm for decades.
We offer our real estate clients a proven approach to serving this industry that is based on more than 100 years of experience. We work with our clients to both optimize current transactions and proactively structure future ones. Our clients benefit from our ongoing partner involvement as well as working with a consistent team that understands both the real estate industry and your business and offers cost-efficient, timely solutions. We appreciate the fact that every transaction is significant when it affects your bottom line.
Affordable and Low-Income HousingFor more than five decades, the Real Estate Group of Marks Paneth & Shron (MP&S) has helped our clients meet their goals in the area of affordable and low-income housing. Our experience with assisted housing projects extends back to the early 1950’s when the Department of Housing and Urban Development (HUD) first implemented this program.
MP&S has been in the forefront of low and moderate-income housing programs. We were one of the first firms to successfully structure major HUD developers in areas such as decoupling of mortgage programs, conversion of over 8,000 Mitchell-Lama units to market value properties, negotiation of the write-down of debts accrued, and mark-up and mark-down to market restructuring.
We have handled complex tax structures for partnerships, cooperatives and nonprofit entities and have found opportunities for them to take advantage of beneficial programs such as low-income housing tax credits, administered by local supervisory agencies. Additionally, we have extensive experience in auditing assisted housing projects. Our capabilities include providing cost certifications and cost allocation consulting. Our clients have included approximately 40,000 low- to moderate-income housing units and developments located throughout the United States including Arizona, California, Georgia, Florida, Maryland, Minnesota, New York, North Carolina, Texas, Virginia and Washington, D.C.
Cost SegregationReclassifying certain real estate assets and accelerating their depreciation can help generate substantial tax deferral for owners of income-producing properties. The Real Estate Group at Marks Paneth & Shron (MP&S) has extensive experience recognizing opportunities for property owners to reduce their income tax liability and increase their net after-tax cash flow through the process of cost segregation.
The cost segregation analysts at MP&S pinpoint the most effective ways for owners of income-producing properties to classify their various assets as personal property and land improvements so that they can derive the greatest benefit from the accelerated depreciation. Our cost segregation studies identify the assets eligible for accelerated depreciation deductions and optimize your federal tax depreciation. Our real estate advisers have extensive experience with cost segregation studies ranging from residential rental properties and warehouses through premiere office buildings to complex multi-billion-dollar power plants.
Real Estate Services For The Hospitality IndustryThe Real Estate Group of Marks Paneth & Shron (MP&S) has extensive experience serving the hospitality industry. Our primary focus is on hotels, restaurants and catering establishments. We have a national focus and a distinguished client roster.
We have worked with clients in the hotel industry throughout the United States, most particularly in New York, Miami and Las Vegas. Our clients include existing hotels, developers of new hotels, condo hotels and time-share hotels. Our professionals fully understand the depreciation issues hotels face as well as the tax issues specific to hotels in each segment.
We also appreciate the tax benefits resulting from Brownfield site redevelopment as well as the Leadership in Energy and Environmental Design (LEED) green building rating system that has been developed by the United States Green Building Council (USGBC). We work closely with our clients so that they receive all applicable credits and deductions.
MP&S also has strong credentials in restaurant and catering. In addition to serving a number of several celebrity chefs and some of the most famous restaurants in the New York and Las Vegas market, we serve clients throughout the United States including New York State, New Jersey, Florida, California, Texas, Puerto Rico and Nevada.
Real Estate Restructuring and Workout ServicesNow more than ever, it is critical to work with advisors who truly understand the real estate industry and also have the financial and business acumen to provide proactive, timely assistance. Marks Paneth & Shron LLP (MP&S) has a long history of serving the real estate industry and delivering practical solutions to our clients.
Our dedicated specialists offer the straightforward advice you are looking for in challenging times. Through the hands-on involvement of our partners and principals, we work with our clients to evaluate and implement solutions to position them for success.
Marks Paneth & Shron (MP&S) recognizes that retail industry owners and managers require unique financial guidance and services. Our professionals offer years of experience and particular expertise in providing practical solutions for these special challenges. You get sound business advice, complete accounting, auditing and tax-planning services, plus in-depth financial analysis.
In addition to directly serving retailers, we work closely with companies that support the retail industry. Our clients include factoring and finance companies.
Services for the Retail Industry:
• Sales per Square Foot Analysis
• Point of Sale Analysis
• Cash Flow Analysis
• Local and Interstate Sales Tax Issues
• Development or Improvement of Inventory and Cash Management Controls
• Development and Maintenance of Warehousing and Distribution Systems
• Economic Order Quantities Inventory Valuation Methods
• Purchase or Lease Decisions
• IRC Section 263A – Uniform Capitalization Issues
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