The Bonadio Group

There are two upcoming opportunities to learn from our Partner, Timothy Doyle, at the New York Government Finance Officers’ Association (NYFGOA) Fall Seminars! On October 3rd, Tim is presenting on “Internal Control: Processes, Compensating Controls, and Technology.” Learn more about the NYGFOA Downstate Fall Seminar and register here: https://ow.ly/RXPE50Tqsj2 On October 10th, Tim is presenting on “Fixed Asset Inventories: Means and Methods” at the NYGFOA Long Island Fall Seminar. Learn more about the event and register here: https://ow.ly/2jWi50Tqsj0 We hope to see you there! #NYGFOA #DownstateNewYork #LongIsland #InternalControls #FixedAssetInventories

Glad to have been able to take part in the Rochester Business Journal’s 10th annual Women’s Leadership Summit! Nothing more inspiring than bringing together the Rochester business community to focus on supporting, elevating, and growing women leaders! #RBJEvents #WomeninBusiness #TheBonadioGroup #TBG #ToBreakGlassceilings

The addition of a new shareholder to an organization symbolizes a shared vision for future success. However, many shareholder agreements are signed without a full understanding of potential impacts. ??? A poorly written shareholder agreement can lead to costly disputes and legal battles when a triggering event occurs. Our Senior Consultant, William F. Delaney, CPA, CFE, has seen the consequences of contradicting clauses and unclear key terms in a shareholder agreement firsthand. In this article, he offers six recommendations for organizations and their shareholders to implement to protect their interests and avoid future disputes. Take a look: https://ow.ly/miR350Tqsan #ShareholderAgreement #Shareholder #TriggeringEvent #Dispute

Business Owners, if you are thinking about selling your business, I suggest reading my recent article on "The Importance of Organized and Accurate Business Records in M&A Transactions" at https://lnkd.in/eeUbzBjj. In the article, I discuss how well-organized and accurate business records are fundamental components that support every aspect of the M&A process, from due diligence to post-transaction integration. If you have any questions, I'm here to help. Feel free to contact me.?#MergersAcquisitions #MergersAndAcquistions #BusinessOwners #TBG

A new regulation for colleges and universities requires basic information about related party transactions to be disclosed, aiming to protect students and taxpayers from high-risk events. ?? As your institution prepares to report this information, our Partners, Heidi Bresler, CPA, MBA and Joseph Peplin, recommend implementing strong internal controls to identify and record all related party transactions. Read Heidi and Joe’s insights on complying with the new regulation in this University Business article: https://ow.ly/P7jp50Tqs3f #HigherEducation #Compliance #InternalControls

There has been talk of change and transformation in the accounting industry for many decades. However, in recent years, I’ve seen real progress come to fruition initiated by the pandemic requiring organizations to temporarily operate remotely. During this time, accounting professionals reflected on what is truly important to them: flexibility and finding a healthy work-life balance. Employers must consider these priorities in the post-pandemic era while focusing on building in-person relationships and preserving their company culture. I’ve found that leaders can encourage employees to come into the office with social and wellness events, coaching and mentorship opportunities, adoption of technologies that enable efficiency, and fostering an inclusive environment, all while continuing to provide the option to work from home. This model has been The Bonadio Group's recipe for success as the accounting industry transforms. In the inaugural episode of Bonadio’s newly launched podcast, TBG Talks, I dive deeper into these industry trends and the employee and client experience. You can listen to it here: https://ow.ly/b3l650TmfYZ #PublicAccounting #EmployeeExperience #CompanyCulture

City and county governments have become increasingly vulnerable to ransomware attacks, with the average attack costing $2.83 million in 2024. ??? The public sector is a popular target for threat actors because of entry points created by connected devices and remote work, budget constraints, and the ability of generative AI to create sophisticated phishing emails. This American City & County article further details this threat to local governments and their constituents: https://ow.ly/8GGv50TqrMi If you’d like to learn how to best protect yourself from a ransomware attack, read our tips here: https://ow.ly/Mcpt50TqrMh #Ransomware #PublicSector #CityGovernment #CountyGovernment

In the modern workplace, employees expect companies to cultivate a welcoming environment for all, which includes promoting racial equity. This requires reflection, continuous education, initiating tough conversations, and supporting marginalized communities through allyship. Our Manager of Diversity, Equity, and Inclusion, Andrew Stephens, speaks on how to address racism in the workplace and the importance of being an ally in this blog. Take a look: https://ow.ly/UFrJ50TqrEX #AntiRacism #Inclusion #DEI

We are proud to announce that High Probability Advisors, LLC made the 2024 Greater Rochester Chamber of Commerce Top 100 list of fastest-growing privately-owned companies headquartered in the Rochester area! ?? As we serve our clients throughout the country and overseas, we are proud to be headquartered in Rochester!?We look forward to many more years of bringing growth and opportunity to the Greater Rochester Community! Read more about this recognition and our fellow honorees here: https://ow.ly/OwOc50T9ewR #GreaterRochester #Rochester #Business #Growth #Community

Last Thursday night, we had the pleasure of presenting the Henrietta Messier Award to the amazing Diane Dearborn. Diane has been a true gem in our Arc Community, always lending her support, wisdom, and friendship to all. As a devoted Parent Advocate for the Troy Schools, she has left a lasting impact by helping parents find their voices and navigate important paperwork for their children. Diane's commitment to empowering others is truly inspiring, whether she was actively involved in Guardianship Programs or leading various committees with passion and dedication. She has effortlessly juggled tasks like ensuring compliance with regulations and organizing reports while still creating a warm, inclusive culture for everyone. We are truly lucky to have her in our community. Thank you to Willow Baer, from NEW YORK STATE OPWDD and Erik Geizer, from The Arc New York for being a part of this event. A huge thank you to our sponsors: Amsure, Complete Network, Callanan Industries, Inc, Pioneer, Northway Toyota, ONEGROUP Risk Management and Insurance, Barclay Damon LLP, Capital Regional Pharmacy Services, Von's Airline Service, Bond, Bond, Schoeneck & King PLLC, and The Bonadio Group, and Bouchey Financial Group, Ltd. for sponsoring this event. Our next event is our Community Partners Breakfast on November 7th honoring our partners who help provide jobs to the people in our community. If you are looking to see some of our "why" behind what we do this is a great event to be a part of! If you would like to be part of it via sponsorship, please reach out to Amber at [email protected]. We are always looking to welcome new partnerships in the community!