Condo Media - August 2011 - (Page 34)

VENDOR SPOTLIGHT Cozby & Bruno LLC — CPAs Accounting Services Targeted for Condominium Associations by Pamela Schweppe I n 1789, Benjamin Franklin wrote, company, where she served as con“In this world nothing can be said troller prior to opening her own conto be certain, except death and sulting firm. In her role as a taxes.” His words are still true. consultant, she specialized in providing Today, however, it takes an expert to CFO-level expertise to smaller compabe certain about anything in an evernies that couldn’t support a full-time changing world of tax law — especially advisor. “Cozby & Bruno similarly when it comes to the unique financial structure of condominium associations. Fortunately for associations in the greater Boston area and Cape Cod, there is a public accounting firm that specializes in the distinct needs of condominiums: Cozby & Bruno LLC. “We have a real niche in the condominium area,” asserts company principal Christine L. Bruno. “The financial statement presentation is unique, and the tax preparation is complex. If you go to a firm that doesn’t specialize in this area, they may not be as familiar with the nuances of this industry.” Bruno, and fellow principal (l-r) Christine Bruno and Heather Cozby stand ready to handle the accounting Heather L. Cozby, bring a challenges specific to your condominium association. combined total of 30 years of experience to the field of accounting, provides outsourced financial consultwith a heavy emphasis on providing ing for mid-sized companies,” she says. services for condominium associations. “That’s a valuable service if your comPrior to joining forces with Bruno, pany isn’t in a position to keep a fullCozby obtained a diverse set of skills time CPA on staff.” during her employment at a South Shore (Mass.) accounting firm specializ- Better than the ing in the financial needs of condomini- Sum of Its Parts Realizing that their complementary um associations and real estate entities. backgrounds would be even more Bruno’s background includes tradieffective in combination, the two tional public accounting experience, joined forces five years ago. Their and she further honed her skills at a multimillion-dollar telecommunications blend of experience not only provides an in-depth understanding of organizations large and small, it also allows the team to offer a complete range of accounting, tax and business consultation services, covering everything from simple bookkeeping to complex audits. Financial statement audit, review and compilation engagements are an important part of the services Cozby & Bruno offers. “Massachusetts statute requires any association with 50 units or more to undergo a review by an independent CPA every other year,” Cozby explains. “Smaller CPA firms are moving away from this type of service due to the increasing complexity of our industry’s standards.” Steady Growth in a Soft Economy Like their clients, Cozby and Bruno possess an entrepreneurial spirit coupled with a desire to grow and succeed. Supported by a staff of five — three yearround employees and two who come on board during tax season — the growing firm is well on the road to realizing its dream of becoming the largest accounting firm in Plymouth, Mass., where it is based. One way they accomplish measured growth is by acquiring the practices of accountants who are looking to retire. One client who began using the services of Cozby & Bruno as a result of this type of merger is Bud Coluzzi, treasurer for Bay Pointe Village Homeowners Association of Buzzards Bay, Mass. The 61-unit complex is self-managed, so Coluzzi is especially 34 ADVERTISEMENT

Table of Contents for the Digital Edition of Condo Media - August 2011

Condo Media - August 2011
From the CED’s Desk
Editorial Board
CAI News
CAI Regional News
Asked & Answered
Homeowner’s Corner
Smooth Operations
Vendor Spotlight
Industry Perspective
Advertisers Index
Classified Service Directory

Condo Media - August 2011