New York CPA firms announce merger

Josephson Luxenberg & Kance CPAS, PC has merged with Maybaum & Maybaum CPA's PC to form a New York metro based certified public accounting firm effective January 1, 2009. The merger created a combined firm of $3.0 million in annual revenues and seven partners who are focused on serving the business and financial advisory needs of small, mid-sized, and large businesses and their owners.

The combined organization will work together under the name of Josephson, Luxenberg, Kance, Maybaum & Dolinger CPAs P.C. with offices in New York City on Madison Avenue and Lynbrook, NY on Long Island.

"Combining the accounting, tax, and consulting services of these two firms accelerates our strategy of building a leading firm serving middle market businesses with Employee Stock Ownership Plans (ESOP's) as well as our other corporate and high net worth clients," said Harvey Josephson, the founding partner of Josephson Luxenberg & Kance. "David and Michele Maybaum have a long history of providing excellent service to a very attractive list of loyal clients."

"While I am proud of our more than 25 year history as an independently operated CPA firm, I recognized that the next step for our organization was to merge with a firm of comparable quality that would enable us to expand services to our local, regional, national, and international clients," said David Maybaum, founding partner of Maybaum & Maybaum CPA's PC. "The partners of Josephson Luxenberg & Kance share Michele's and my client philosophy of helping our clients grow and succeed, and the merger will broaden and deepen our existing commitment to high quality financial services, enabling us to offer more comprehensive business advice tailored to our clients."

Accounting Transition Advisors, a merger and acquisition consulting firm exclusively serving the national accounting community, assisted in this transaction.

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