AI Issue 4 2017

18 Acquisition International - April 2017 In the wake of winning the 2016 Most Innovative Accountancy Firm – USA, Theodore ‘Ted’ Dudek tells us more about Smolin Lupin and what it is that makes the firm so successful. molin Lupin is an award-winning, full- service accounting firm in Essex County (Northern NJ), and has become an industry leader in accounting. For almost 70 years, Smolin Lupin has dedicated itself to developing long-lasting client relationships and can provide financial and accounting services designed to meet the needs of clients and deliver proven results. This personal attention and guidance has helped it become the successful and respected CPA firm it is today. Smolin Lupin is an Independent Member of the BDO Alliance USA, one of the NJBIZ Top 20 Public Accounting Firms in New Jersey and one of the top 200 Firms in the United States as reported by Inside Public Accounting. Theodore J Dudek is the President and Managing Member of the Firm. He is a licensed Certified Public Accountant in New Jersey and has more than 35 years’ experience in public accounting. Ted, as he is known, manages the firm by directing its strategic planning and business decision- making. Ted services clients in the bankruptcy, leasing, manufacturing and wholesale industries. He has provided these companies and their owners with accounting, tax, succession planning, and management consulting services. Ted has served as an expert witness before Federal Bankruptcy Court. He is a former member of the Eastern Association of Equipment Lessors, the American Association of Equipment Lessors, the Bankruptcy Committee and the Cooperation with Bankers Resource Group committees of the New Jersey Society of Certified Public Accountants. As a graduate of William Paterson University with a B.S. in Accounting, Ted practices out of the firm’s Fairfield, New Jersey office. Company: Smolin, Lupin & Co., P.A. Name: Theodore Dudek, CPA Email: [email protected] Web: smolin.com Address: 165 Passaic Ave Fairfield, NJ Phone: +1 973 439 7200 Sowing the Seeds of Success S 1701AI54 Ted goes into further detail about the various areas that the firm specialises in. “Professionals of Smolin Lupin bring to the table many areas of expertise and experience; they have education, skills and knowledge in tax, accounting, business valuations, business consulting and forensic accounting. They serve clients in Biotech, Construction, Distribution, Hospitality, Transportation, Real Estate, and High-tech. Smolin Lupin audit teams have also expertise in auditing Non-profits, Schools and ERISA plans. An affiliate, Smolin Wealth Advisors, is a tailored wealth management solution that meets the specific objectives and needs of a wealthy client.” Smolin Lupin continues on its path of organic growth, which has been its hallmark for 70 years. In addition, Smolin Lupin is looking for strategic mergers, acquisitions and business partners the objective of which is to enhance the quality and depth of offered services and deliverables. Ted gives us an example of one of the firm’s recent successes. “During an examination of a client’s records by a state agency, we noticed a conflict between the sales and use statute and regulations. The conflict in the law offered a significant tax saving opportunities to the client. We were able to obtain a letter ruling from the legal department of the state agency, the terms of which caused the state to refund hundreds of thousands of dollars of previously paid use tax, and provided the client with a safe harbour to continue savings of millions of dollars into the future.” Smolin Lupin takes great pride in staying progressive and cutting edge and it also takes great pride in its team of hardworking, dedicated employees. “We invest in the youth of our firm and advanced technologies,” comments Ted. “We promote leadership and skills training and empower our younger professionals to use technological tools that enhance the quality of our services. “Our young professionals are our future leaders. Smolin Lupin actively recruits talented tax specialist, accountants and auditors. We invest time and resources in continuous training of our professionals so that each individual is continually improving to better serve our clients. “Hiring and retaining talented professionals who are continuously trained and empowered, combined with a cutting edge technological support seems a proven path to success. “In all of our prior surveys we have always scored high in client satisfaction . We continue our dedication to the quality of our services and our clients’ financial successes .”