Category Archives: Uncategorized

Dustin Provenzano Receives CPA License


Dustin Provenzano

CDL is pleased to announce that Dustin Provenzano received his CPA license.

Dustin, a Senior Tax Accountant, is a graduate of Florida Atlantic University where he received a Master’s degree in Accounting. He obtained a Bachelor of Science degree in Accounting from the University of Central Florida.

Dustin joined CDL in January 2017. He works primarily on individual tax returns, partnerships and trusts.

Dustin is a member of the American Institute of Certified of Public Accountants (AICPA), the Florida Institute of Certified Public Accountants (FICPA) and Palm Beach Young Professionals.

Richard Gray Joins CDL as Director of Business Valuation and Litigation Support

Richard (Rick) Gray

CDL is pleased to announce that Richard (Rick) Gray has joined the Firm as a Director of Business Valuation and Litigation Support.

Rick has more than 27 years as a CPA and has the certifications of ABV (Accredited in Business Valuation), CVA (Certified Valuation Analyst) and ASA (Accredited Senior Appraiser). At CDL, he will concentrate on providing valuation services for businesses and business interests, and will provide a variety of litigation support services.

Rick’s public accounting experience includes analysis and valuation services related to matters of family law, corporate disagreements, probate issues and damage cases. Rick has been admitted as an expert witness for litigation in state jurisdictions such as Florida, Maryland, Virginia, Georgia, Colorado and California. He has also testified as an expert witness in Federal Court.

Rick is a speaker, author and adjunct professor for the School of Accounting Executive Programs at Florida Atlantic University in Boca Raton. He is an instructor for the National Association of Certified Valuators and Analysts (NACVA), where he has won numerous awards including “Instructor of the Year” and “Instructor of Exceptional Distinction.”

“Rick’s addition to our Business Valuation and Litigation Support team emphasizes CDL’s commitment to providing our clients and professional advisors with the highest standards in business and legal engagements,” said Mark Veil, Shareholder of CDL. “Rick, a seasoned professional with proven credentials to support the business and legal community, will only elevate CDL’s expanding Business Valuation and Litigation Support department. We are pleased to have his expertise on our Team.”

Rick received his Master in Business Administration from Loyola College in Baltimore, Md. He is a certified public accountant in Florida and Maryland. In addition to his certifications, Rick is member of the American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA).

Rebecca Levine Named 2018 Honored Hero

Rebecca Levine

CDL will be the Premier Presenting Sponsor of this year’s Take Steps West Palm Beach Walk (the Walk). It is the tenth anniversary of the Walk and the goals are to raise money for Crohn’s & Colitis Foundation research and bring awareness to the community.

Rebecca Levine, daughter of Joel Levine, will be this year’s 2018 Honored Hero. Rebecca was diagnosed with inflammatory bowel disease (IBD) in 2005. Born and raised in West Palm Beach, and currently living in New York and working as the Event Director for the Altamarea Group, Rebecca wants to inspire others – especially children, teens and young adults – on how to manage IBD.

“My family and my father’s CPA firm employees and clients have been tremendous supporters of the Foundation and the West Palm Beach walk,” said Rebecca. “As this year’s 2018 Honored Hero, I want to do whatever I can to raise awareness and research dollars to help eradicate this disease forever.”

Last year, CDL was the number one fundraising team in the United States, raising more than $81,000 for the 2017 Walk and beating out teams from Los Angeles, Liberty State Park, NJ Fairfield Westchester, CT and New York City.

This will be the Firm’s eighth year participating in the Walk. Since 2010, CDL has raised close to $500,000 for the Foundation.

The Take Steps Walk will take place on Saturday, Nov. 3 at CityPlace, with festivities beginning at 10:00am.

If you’d like to support Rebecca, Joel and Team CDL for this year’s Take Steps Walk, please visit CDL’s Team Page at http://online.ccfa.org/goto/CDLTakeSteps to make your donation.

CDL Announces Promotions Including Laura Clark, New Shareholder

Laura Clark

CDL is pleased to announce that Laura E. Clark was named shareholder. Laura joins the Firm’s 11 shareholders in leading CDL’s departments and personnel, and serving the Firm’s clients.

Laura joined the firm in 2010 and concentrates in tax compliance and planning for trusts and estates, closely held businesses and high net worth individuals.

“Laura Clark’s promotion to shareholder was based in large part on her technical skills, her excellent client service and her contributions to employee development and growth,” said Lou Cohen, President of CDL. “Her extraordinary leadership and genuine care for her clients and colleagues will help accelerate the tremendous growth that CDL has been experiencing.”

In addition to Laura’s announcement, 12 other employees from the Firm were promoted. These outstanding individuals were promoted from within the Firm’s Administrative, Audit, Family Office Services and Tax Departments.

From Family Office Services:

  • Delia Lalchan, Senior Manager
  • Susan Rojas, Advanced Staff Accountant
  • Shannon Foster, Client Service Specialist

From Tax:

  • Masami Fujimoto, Manager
  • Dustin Provenzano, Senior Accountant
  • Blesilda Reis, Senior Accountant

From Audit:

  • Chris Micolucci, Manager
  • Daniel Demosthenes, Supervisor
  • Nicholas Raiola, Supervisor
  • Gary Mann, Senior Accountant
  • Shanna Modys, Advanced Staff Accountant

From Administration:

  • Priscilla Lowe, IT Assistant

After Tax Season, CDL Employees Get Ready to Volunteer

With the 2017 tax season quickly coming to a close, CDL employees are gearing up to volunteer throughout South Florida. The volunteer events will take place in May and June, with additional fundraisers and service projects being scheduled through the end of the year.

For 31 years, CDL has been committed to serving the local community and making civic leadership an integral part of the Firm. CDL employees sit on non-profit boards and advisory committees, volunteer in the community and make contributions to charities throughout Palm Beach and Martin Counties. As “Team CDL” employees get ready to volunteer, we invite you to come out and support us.

The American Heart Association (AHA)/ The American Stroke Association (ASA)

Thursday, May 17 (5:30pm – 8:30pm)

CycleNation
The CycleBar – 4550 Donald Ross Road, #100, Palm Beach Gardens

Team CDL will race to the finish line with eight employees cycling on stationary bikes for top prizes. Local businesses and their teams will compete to win in the categories of “Top Fundraiser,” “Highest Collective Team Mileage” and “Team Spirit” with an awards presentation starting around 7:30pm. CycleNation is the AHA and the ASA’s local and national movement to encourage biking as a way to get heart and brain healthy. Funds raised will help to continue vital community programs in Palm Beach County, while spreading awareness about the number one (heart disease) and number five (stroke) causes of death in America.

U.S. Department of Veterans Affairs

Saturday, May 19 (9:00am – 1:00pm)

CPA Day of Service/Armed Forces Day
The Veterans Affairs Medical Center – 7305 North Military Trail, West Palm Beach

Team CDL will trade in their shirts, ties and dresses for more comfortable-style clothing as they take on landscaping and beautifying projects around the West Palm Beach VA Medical Center. CPA Day of Service, initiated by the Florida Institute of CPAs, falls on nationally celebrated Armed Forces Day. To support and honor our local veterans, CDL employees, family, friends, as well as other CPAs around Palm Beach County, will landscape the grounds and gardens of the VA Medical Center. Funds normally earmarked for landscaping will go toward supporting other VA programs in West Palm Beach, and help to enrich the lives of military men and women who have served our country.

Habitat for Humanity Palm Beach County

Saturday, June 16 (12:00pm – 3:00pm)

Women Build 2018
801 5th Street, West Palm Beach

Ten women from Team CDL will paint the interior of a house that will be constructed for a local family, as part of Habitat for Humanity’s Women Build 2018. Forty teams, comprised mainly of women, will begin construction on two homes in mid-April, with Team CDL painting the interior of one of the homes on June 16. Habitat for Humanity has been building affordable homes in Palm Beach County for 30 years. The families invest a minimum of 400 sweat equity hours to build their home. Once completed, the families will be able to purchase the home at a 30-year, no-profit, no-interest loan. The Dedication Ceremony is scheduled in July.

Adam Friedwald joins Board of the Center for Family Services

Adam Friedwald

Adam Friedwald has joined the board of directors of the Center for Family Services of Palm Beach County, Inc. He is an Audit Senior Manager at CDL and will support the Center in its mission to protect and strengthen children and families.

Since 1961, the Center has been providing families with affordable mental health services and education, and is recognized by the Florida Department of Health as the only sexual abuse treatment provider in Palm Beach County. Adam joins seven other board members in directing and guiding the Center as it operates eight programs throughout Palm Beach County and serves more than 5,000 people annually.

“The board is a passionate, committed group, and we are grateful to have Adam serve alongside of us,” said Karen Hilo, CEO of the Center for Family Services of Palm Beach County, Inc. “The Center relies on our board’s experience, skills, and wisdom to lead, and with the addition of Adam, we just got stronger.”

Adam has been with CDL since July 2004. He performs audits in the industries of manufacturing and distribution, employee benefit plans, hospitality, real estate and non-profit organizations.

Adam is a graduate of Ithaca College with a Bachelor of Science degree in Finance. He has CPA certifications in the states of Florida and New York. Adam is a member of the American Institute of the Certified Public Accountants, the Florida Institute of Certified Public Accountants and the Florida Governmental Finance Officers Association.

CDL Named Number One Fundraiser in United States

Team CDL

Crohn’s & Colitis Foundation in New York announced that CDL is the number one fundraising team in the United States for their annual charity walk. Team CDL raised $81,293 for Crohn’s & Colitis South Florida Chapter’s Take Steps West Palm Beach. The walk was held in November of last year at CityPlace in West Palm Beach.

As the number one fundraising team in the country, Team CDL beat out teams from Los Angeles ($56,152), Liberty State Park, NJ ($54,610), Fairfield Westchester, CT ($53,673) and New York City ($44,259).

In addition, the designation as “number one Take Steps team in the United States” adds to CDL’s previous achievements, where they were also named number one in years 2015 and 2016.

Since 2010, when CDL became involved with Crohn’s & Colitis, Team CDL has raised more than $425,000 for Take Steps West Palm Beach.

CDL shareholder Joel Levine’s daughter Rebecca was diagnosed with ulcerative colitis when she was in high school. With the support of family, friends, clients, and firm employees, led by Nancy Margagliano and Michelle Price, Team CDL grew to be a powerhouse fundraising team in the United States.

The 2018 Take Steps West Palm Beach walk will take place on Saturday, November 3, beginning at 10:00 a.m. at CityPlace.

Laura E. Clark Named CDL Shareholder

Laura E. Clark

CDL is pleased to announce that Laura E. Clark has been promoted to Shareholder. Laura joins 11 shareholders in leading CDL’s departments and personnel, and serving the Firm’s clients.

Laura joined the firm in 2010 and concentrates in tax and planning for trusts and estates, closely held businesses and high net worth individuals.

“Laura Clark’s promotion to shareholder was based in large part on her technical skills, her excellent client service and her contributions to employee development and growth,” said Lou Cohen, President of CDL. “Her extraordinary leadership and genuine care for her clients and colleagues will help accelerate the tremendous growth that CDL has been experiencing.”

A graduate of the University of Florida with a Master’s degree in Accounting, Laura is a member of American Institute of Certified Public Accountants (AICPA) and the Florida Institute of Certified Public Accountants (FICPA). Laura is also a member of the Board of Directors for the Palm Beach Tax Institute and sits on the Advisory Council of Quantum House.

CDL and Civic Leadership

For more than 30 years, CDL and its employees have exemplified civic leadership throughout the community. During the month of June 2018, their leadership was on display as more than 50 CDL employees volunteered at three community service events in Palm Beach County.

Hope Build (to benefit Place of Hope)

On June 1, CDL employees arrived at Place of Hope’s foster care facility in Boca Raton, which is currently under construction. The 16 acre campus will become home to approximately 100 young adults who have aged out of foster care. CDL volunteers spent the morning laying sod and raking beds of rocks and debris to prepare the Place of Hope’s fifth foster campus in South Florida.

Women Build (to benefit Habitat for Humanity of Palm Beach County)

On June 16, CDL female employees painted the interior of a newly constructed home as part of Habitat for Humanity’s building mission. The CDL team spent the afternoon painting the interior walls, closets and trim of a home in West Palm Beach. The recipient of the home is Brandy Jordan, a single mother, who currently works two jobs and volunteers at her daughter’s (Destiny) school. A dedication ceremony will take place in August.

CPA Day of Service (to benefit the VA Medical Center)

On June 23, CDL employees, family and friends came out to landscape around the VA Medical Center’s hospice and geriatric facility in West Palm Beach. The team was scheduled to landscape on May 19 (National Armed Forces Day and CPA Day of Service), but was forced to reschedule due to tropical storms. Committed to the project, employees laid sod and planted shrubs outside the facility and entryway to honor veterans and their families who frequent the Center.

 

Protect Against Malware

Foreign malware attacks on U.S. routers have been discovered to be more widespread than initially thought. The FBI recommends owners of small offices and home office routers to take proactive measures.

Contact your Internet Technology (IT) advisor to ensure your home and business routers are protected from harmful attacks and viruses. If you’re tech savvy, you may be able to take the following precautionary steps:

  • Reboot your router to temporarily disrupt the malware.
  • Consider disabling remote management on the router settings.
  • Change your router password to a new, stronger password with random letters, symbols and numbers.
  • Get into the habit of changing your password every 90 days.
  • Be sure your network devices are upgraded to the latest versions of the router firmware.

Consider completing these tasks by scheduling a visit or call your IT advisor with any questions. Being pro-active and taking the necessary steps to safeguard your home and business router is one of the best ways to protect against foreign malware attacks.