IMA January 2012.indd - Long Island Chapter of the Institute of

LONG ISLAND CHAPTER
Monthly Dinner Meeting - Tuesday, January 10, 2012
The Milleridge Inn - Jericho, NY - Cocktail Hour begins at 6:00 pm
Cloud Computing
Special Guest Speakers:
Keith Hochheiser
John Impellizeri
Ettelman & Hochheiser, P.C.
Ira Reisman
Lifetime Brands
The LISS Group
Moderated by John P. Fodera, CPA
Advanced Pricing and
Payment for the Meeting:
Thank You To Our January Sponsors
$65
(IMA Members receive $10 discount)
American Heart Association (donated by BDO)
Pre-register online at http://longisland.imanet.org/
(*Please note there will be a $10 surcharge for
registration & payment at the door)
Bank of America • Deloitte & Touch LLP
Sandwire
January 2012
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Page 2
keith hochheiser, Partner - Ettelman & Hochheiser, P.C.
Keith Hochheiser is a founding partner of Ettelman & Hochheiser, P.C., a premier corporate and
commercial boutique law firm located in Garden City, NY. Ettelman & Hochheiser, P.C. is recognized
internationally for utilizing the law to achieve sound business solutions on behalf of privately-held,
regional, national and multi-national clientele across diverse industries.
Keith Hochheiser concentrates on corporate and commercial transactions with an emphasis on mergers
and acquisitions, manufacturing and distribution, joint ventures and privacy and security law. Mr.
Hochheiser represents multi-national, national and regional public and privately-held corporations,
and large and small business entities.
Mr. Hochheiser is a director of a number of multi-national manufacturing and beverage entities. He is
a frequent lecturer at seminars on corporate and commercial transactions and privacy and security law.
Mr. Hochheiser graduated from Bentley College in 1987, magna cum laude. He received his Juris
Doctorate from Villanova University School of Law in 1990 where he was a member of the Corporate
Law Society.
Mr. Hochheiser is admitted to the New York State Bar, Connecticut State Bar and the United States
District court for the Southern District of New York. He is also a member of the American Bar Association;
Business Law and Taxation Committees, New York State Bar Association; Business Law Section and the
Nassau County Bar Association where he was a founding member of and original Co-Chairman of the
Joint Special Committee of Attorneys and Accountants, as well as a member of the Multi-Disciplinary
Committee. Keith may be reached at [email protected].
john impellizeri, Senior Vice President, Chief Information Officer - Lifetime Brands
John Impellizeri is a well-rounded technologist with 3 decades of industry experience including systems,
operations, process and procedure improvement, telecommunications and strategic team building.
Recent success stories include a large scale SAP and Business Intelligence implementation, global
network deployment, and numerous corporate acquisitions.
John also has a BS in computer science and an MBA from New York Institute of Technology and may
be reached at [email protected].
ira reisman, Vice President, Business Development - The LISS Group
Ira Reisman brings over 18 years of experience in technology management to his many clients and
focuses on identifying and developing new solutions that enhance business efficiency. Mr. Reisman
has worked closely with clients such as Ferrari North America, Silvercup Studios, AT&T and Time
Warner Cable.
A skilled information architect and systems integration strategist, Mr. Reisman has extensive experience
building high-performance systems able to handle the robust needs of both large corporate ventures
and small businesses. Mr. Reisman has overseen every aspect of the technology industry, with executive
skills ranging from business operations to developing LISS’s cloud solutions.
A vital and results-based corporate partner, Mr. Reisman was crucial in developing both the intellectual
capital and infrastructure that distinguish LISS from other boutique technology firms. Ira may be
reached at [email protected].
January 2012
Institute of Management ACCOUNTANTS
Last Month's Meeting
Page 3
by Allan T. Mendels, CLU ChFC
A merry Long Island Chapter of the IMA celebration was shared by over 100 people including IMA members, their families, friends and
Past Presidents on December 13th. It was a very joyful way to end a successful 2011 calendar year and to share good wishes for an even
better 2012.
The Milleridge Inn created a very festive environment. The appetizers were exceptional including fresh shrimp cocktail. And the night
was not complete without a visit from the Milleridge Carolers.
The dinner meeting started with wonderful lessons about, and samplings of, fine wines including Pierre Gimonnet & Fils Champagne Brut,
Washington State Nelms Road Merlot and Chateau Jean Faux Bordeaux. The wine expert was our own IMA-LI member, Jim Leskody,
CPA, the CFO of Michael Skurnik Wines. Jim is also a grass roots economist. He informed us that the 2011 economy was better than 2010
based on people’s wine buying habits. With the better economy, this year Jim showed us the above and other slightly more expensive
wines that are great values for the money.
Karen Garvey, MBA followed Jim with an interesting lecture about how we all have the power of intuition and we need to tune into it.
Karen had an extraordinary experience the morning of 9/11 intuiting what was happening, even though she lived more than 40 miles from
the World Trade Center and had heard no news. Intuitively she knew that there had been a terrorist attack of the World Trade Center,
even when newscasters were still broadcasting that a small plane had hit One World Trade Center.
Karen shared many examples of how her intuitive sense has taught her personal lessons and as a result of that she can guide people to
happiness and help them to reveal their best selves. If we overcome our skepticism, we are able to use our intellect to support our intuition
and change things for the better.
The IMA wishes everyone a wonderful 2012 filled with good health and many successes!
Thank You To Our December Sponsors
The LISS Group • The Marty Lyons Foundation (donated by Cerilman Balin)
Mendels & Associates • Thaler Gertler LLP
January 2012
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Page 4
The CFO & Financial Executives Committee of the Nassau Chapter
would like to invite you to participate in our meetings.
Please review the information below and save the dates that are of interest to you.
We look forward to seeing you and having you join our group.
Meeting
The meeting format will be as follows:
First half hour round table discussion.
Next hour/hour and a half a formal presentation.
15 minutes review of the topic presented and wrap up.
We will meet at 8:00am at Meltzer Lippe’s Office, 190 Willis Ave, Mineola.
There is no cost to attend. A light breakfast will be served compliments of Meltzer and Lippe.
Meeting Dates & Topics for the 2011-2012 Year
Thursday, January 12 - Cloud Computing
Tuesday, February 7 - Nexus Issues
Wednesday, March 21 - Business Continuity
Thursday, April 19 - Round Table
Wednesday, May 9 - Inventory Control & Management
Tuesday, June 19 - Planning Next Year
PERSONAL SERVICE. TRUSTED ADVICE.
Accounting & Auditing
Business & Strategic
Planning
Fraud & Forensic Services
Government Services
Not-For-Profit
Taxation
Technology Services
Wealth Management
Joseph A. Giacinto
Chief Executive Officer
(516) 338-5454 Ext 23
Fax (516) 338-4479
ALBRECHT, VIGGIANO, ZURECK & COMPANY, P.C.
[email protected]
www.pbipayroll.com
WWW.AVZ.COM
Peter Papagianakis
Grassi & Co.
[email protected]
Premier professional service organization
specializing in accounting, auditing, tax,
technology and business consulting
50 Jericho Quadrangle, Suite 200
Jericho, NY 11753
tel. (516) 256-3500
fax. (516) 256-3510
Peter Papagianakis
22 Jericho Turnpike; Suite 100-East
Mineola, NY 11501
office: 516-280-8600
fax: 516-740-0761
245 Park Avenue, 24th Floor
New York, NY 10167
T: 212.792.4075
1375 Broadway (37 St.); Suite 300
New York, NY 10018
office: 646-862-1210
fax: 646-292-5121
www.grassicpas.com
275 Madison Avenue, Suite 1305
New York, NY 10016
tel. (212) 661-6166
fax. (212) 661-6125
25 Suffolk Court
Hauppauge, NY 11788-3715
T: 631.434.9500 F: 631.434.9518
INDEPENDENT MEMBER OF BKR INTERNATIONAL
January 2012
Institute of Management ACCOUNTANTS
choosing the road less traveled
can save money in healthcare
In recent years, private-sector healthcare spending
has continued to rise, according to the Employee
Benefit Research Institute and the Center for Studying
Health System Change. The trend for hospital
outpatient costs outpaced spending growth for other
types of healthcare services.
Such data on hospital cost trends has prompted
employers and health plans to consider the cost
savings that can be gained from steering covered
employees to alternative care settings for certain
types of services and procedures.
An analysis by First Health Group reported in
Employee Benefit News showed a potential $300,000
savings for a 1,400-employee group, if half of the
claims for five types of hospital outpatient services
(radiology, pathology/lab, emergency room, surgery,
and physical medicine) were shifted from a hospital
to an alternate care site.
A number of common services and procedures can,
in most cases, be conducted in a setting other than
a hospital without compromising patient care. These
include:
Page 5
by Joseph R. Sellitto, CLTC
Pension &Wealth Consultants, LLC
require a hospital admission. According to a report
by the Medicare Payment Advisory Commission,
Medicare payment rates made to ambulatory
surgery centers were lower than those made to
hospital outpatient departments for 87 percent of
procedures. While ambulatory surgery centers may
not be appropriate for cases presenting an unusual
risk of complications, for most patients needing
outpatient surgery, they represent a safe, convenient,
and costeffective alternative to a trip to the hospital.
• Urgent care centers. Hospital emergency room visits
are up 20 percent over the past decade, according
to data from the Centers for Disease Control and
Prevention’s National Hospital Ambulatory Medical
Care Survey. Yet only 48 percent of the cases were
classified as urgent or semi-urgent. Anyone who has
visited an emergency room - and then saw the bill
- knows that ER services come at a very high price.
Urgent care centers offer a cost-effective alternative
for non-life-threatening situations that require
prompt medical attention, but a visit to the doctor’s
office is not possible or practicable.
• Freestanding imaging centers.
• Surgeries usually performed on an outpatient
basis, such as tonsillectomies, cataract
extractions, colonoscopies.
• Freestanding labs.
• Conditions that require urgent - but not
emergency - care (for example, most sports
injuries, a suspected ear infection that surfaces
after-hours, a persistent condition usually
treated in a doctor’s office, but the wait for an
appointment is too long).
• Imaging services (such as x-rays, MRIs,
and mammograms); lab services; and renal
dialysis.
What your company can do: Communication efforts
can be undertaken to inform employees about the
advantages of appropriate alternatives to hospitals.
Additionally, incentives - such as a differentiated copayments or coinsurance levels - can be effective in
encouraging employees to use alternate care sites.
The educational component is important so that
employees make their selections based on knowledge,
rather than just cost considerations.
Here are some of the alternative care sites:
• Ambulatory surgery centers. These state-licensed
facilities perform surgical procedures that do not
• Physical therapy clinics.
Joseph R. Sellitto is the President of Pension & Wealth
Consultants, LLC. He may be reached at 516-522-2663,
or via e-mail at [email protected].
January 2012
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Page 6
The LI Chapter of IMA Supports the
2011 MWE College Accounting Challenge
The Margolin, Winer & Evens LLP (MWE) College Accounting Challenge is a game show event designed to give
the best and brightest accounting students across Long Island their moment in the spotlight. Hosted at some of
Long Island’s most renowned university campuses, the event brings the thrill of competition and the fun of a
game show to a professional not always known for being lighthearted.
On November 2, 2011, MWE sponsored the fourth Long Island “College Accounting Challenge” at Adelphi
University in the Performing Arts Center Concert Hall, Garden City, NY. The competition is a quiz-show-style
event that pitted five teams of four representing Adelphi, NYIT, Molloy College, SUNY Old Westbury and Briarcliff
College against each other to test the students’ knowledge in their chosen field. Teams answered challenging
accounting questions in ethics, tax, auditing, and financial accounting. Special guest Nassau County Comptroller
George Maragos delivered the opening remarks. This event is free each year, open to the public, and was supported
this year by the Long Island Chapter of the Institute of Management Accountants (IMA). Hundreds of students,
faculty, alumni, and friends were in attendance to cheer on their teams.
The scores and winning schools were as follows: SUNY Old Westbury 3,500, Adelphi 2,700, Molloy 2,300, NYIT
1,800 and Briarcliff 1,600. The winning school received a commemorative trophy and each winning team member
received a $300 American Express gift card. The IMA presented every participant with a $100 Visa gift card, as well
as awarded a one year free IMA membership to the top two teams. In addition, Becker Professional Education
will again offer CPA exam prep scholarships and free materials to help students prepare for the exam.
An entertaining twist was added to the 2011 challenge. This year, the professors from each school competed in a
“Minute to Win It” intermission event, from the popular TV show.
Immediately following the event was a celebratory reception where students had the opportunity to mingle
with partners and professionals from MWE, representatives from the IMA as well as their professors and fellow
students from the competition.
For further information, please contact Tracey Segarra at [email protected] or call 516.747.2000.
Photo credit: Willson Lee
January 2012
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Page 7
2011-2012 IMA LI Dinner Meeting Schedule
January 10th, 2012 - Cloud Computing
February 7th, 2012 - The Power of Non-Verbal Communication
March 13th, 2012 - Developing Leadership
April 10th, 2012 - CFO Panel - Outsourcing Effectively
May 8th, 2012 - FINANCIAL EXECUTIVE OF THE YEAR AWARD DINNER
Quarterly IMA LI Breakfast Series
January 31st, 2012 - Exit Strategies
April 24th, 2012 - The Benefits of Strategic Planning
New Members:
Send or bring a friend or business associate to an IMA meeting!
Your help is needed to keep our Chapter growing. Please submit the name of a prospective
candidate who might be interested in IMA membership to our Vice President of Membership:
Gail L. Trugman-Nikol
Unique Business Solutions
PO Box 7777 • Hicksville, NY 11802
Direct (516) 935-5641 • Cell: (516) 713-6325 • Fax: (516) 935-4101
Email: [email protected]
Your Newsletter Co-Editors
Your newsletter editors are always looking for information about you and other chapter members
as well as significant issues concerning our Long Island community relative to accounting and
business matters. Please forward all personal notes for possible inclusion in the newsletter to:
Karen A. Goldberg, CPA
or
Sanders Thaler & Associates LLP
350 Jericho Turnpike, Suite 1
Jericho, NY 11753
(516) 704-7122
[email protected]
Visit our website at
Sima Ali, Esq.
Ali Law Group, PC
775 Park Avenue, Suite 255
Huntington, NY 11743
(631) 423-3440
[email protected]
http://longisland.imanet.org