IMA-Summer-2011 - Long Island Chapter of the Institute of

LONG ISLAND CHAPTER
summer 2011
Mark Your Calendars!
The meeting schedule for the 2011-2012 Chapter Year has been set. The monthly dinner meetings will take place on
the second Tuesday of each month beginning September 13, 2011 (*Note: for February 2012 only, the dinner meeting is
the first Tuesday). They will begin with a cocktail hour at 6 p.m. at The Milleridge Inn in Jericho followed by dinner.
The quarterly breakfast meetings will take place on the dates noted below in the LIE/Melville Corridor (locations may
vary). The meeting time is 8 a.m. to 10 a.m. with a continental breakfast and each session qualifies for 2 CPE credits.
2011-2012 Dinner Meeting Schedule
September 13th, 2011 - The Economic Outlook
October 11th, 2011 - Bankruptcy Law - Creditor’s Rights
November 8th, 2011 - CEO - Maximizing Company Value
December 13th, 2011 - HOLIDAY EVENT
January 10th, 2012 - Cloud Computing
th
February 7 , 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 Breakfast Series
August 10th, 2011 - Social Media for the Business Professional
October 25th, 2011 - Healthcare Plan Options
January 31st, 2012 - Exit Strategies
th
April 24 , 2012 - The Benefits of Strategic Planning
New Board of Directors!
Your new Board of Directors is hard at work already planning and finalizing the meeting topics as well as speakers
for the upcoming year.
Sponsorship Opportunities!
There are plenty of opportunities to show your support for our Chapter. Your organization can sponsor a dinner,
newsletter, website or breakfast - see page 5 for more details.
Advanced Pricing and
Payment for the meeting:
$65
(IMA Members receive $10 discount)
Pre-register online at http://longisland.imanet.org/
(*Please note there will be a $10 surcharge for registration & payment at the door)
Thank You To Our FEY Sponsors
AVZ Financial Services • Citibank
CMIT Solutions • Farrell Fritz P.C
Grassi & Co. • PBI Payroll
Summer 2011
Institute of Management ACCOUNTANTS
Page 2
Institute of Management Accountants - Long Island Chapter
2011 Milton Zipper Financial Executive of the Year
by Bob Arnold, Jr., Past President
On May 10th members of the Long Island Business Community gathered to honor Ronald G. DeVos, Vice President
of Finance, Chief Financial Officer and Secretary of Nathan’s Famous, Inc., at the 2011 Financial Executive of the Year
(FEY) Award Dinner hosted by The Institute of Management Accountants, Long Island Chapter. Initially bestowed
in 1989, this prestigious award recognizes the outstanding performance, accomplishments and contributions of
accounting and financial executives.
During the cocktail hour, a vibrant atmosphere filled the Atrium at The Milleridge Cottage in anticipation of the
evening’s events. Wayne Norbitz, President, Chief Operating Officer and Director of Nathan’s Famous gave a
wonderful introductory speech, emphasizing Ron’s abilities, ethics and importance to the organization.
Our Guest of Honor was both gracious and humble in his acceptance speech thanking the Institute of Management
Accountants for bestowing the award upon him. He was also appreciative of the support he receives at Nathan’s
from his staff as well as other members of the Executive Management team. In addition, Ron gave a heartfelt thank
you to his wife and children for their encouragement over the years. Mr. DeVos received several proclamations
from various elected officials at the Village, Town, County and State levels.
The evening concluded with the passing of the torch as 2010-2011 President, Neil Seiden, CPA, welcomed Arthur
Sanders, CPA as incoming President for the 2011-2012 Chapter Year.
Our next dinner meeting will be on Tuesday, September 13th at The Milleridge Inn Carriage House. See you then.
Summer 2011
Institute of Management ACCOUNTANTS
Page 3
Have You Met Your New Board of Directors . . .
President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Arthur Sanders, CPA
Vice President of Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Manlio J. Cafiero, CPA
Vice President of Communications . . . . . . . . . . . . . . . . . . . . . . . . . . Karen A. Goldberg, CPA
Vice President of Marketing/Sponsorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lucy Mazany
Vice President of Membership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gail L. Trugman-Nikol
Secretary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amy Abrie, CPA
Treasurer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Renee C. Sumpter, CPA
Immediate Past President, Corporate Development . . . . . . . . . . . . . . . . . . . . Neil Seiden, CPA
Past President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alice Schildkraut
Past President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Andrew Meyerson, CPA
Past President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Charles Schreiber
Past President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gary Carpenter, CPA
Past President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Michele C. Yen, CPA
Past President . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stephen Antaki, CPA
Past President, By-Law Revision . . . . . . . . . . . . . . . . . . . . . . . . . . Adrienne M. Sinnott, CPA
Past President, By-Law Revision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Marc P. Palker, CMA
Past President, Community Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bob Arnold
Past President, Community Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bob Arnold, Jr.
Past President, Corporate Development . . . . . . . . . . . . . . . . . . . . . . . . . Robert E. Grote, CPA
Director, Corporate Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Alan Giamis
Director, Corporate Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ira Halperin Esq., CPA
Director, Corporate Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Michael Buoncore
Director, Student Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thomas Rosenthal, CPA
Director, Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Anthony Aronica, CPA
Director, Education/CPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . John Fodera, CPA
Director, Liason to NYSSCPA - Nassau Chapter . . . . . . . . . . . . . . . . . . Mark Meinberg, CPA
Director, Liason to NYSSCPA - Suffolk Chapter . . . . . . . . . . . . . . . . . . . Joel Ackerman, CPA
Director, Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cindy McLoughlin, CPA
Director, Marketing/Newsletter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Steven J. Kuperschmid
Director, Marketing/Sponsorship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mark S. Davis, CPA
Director, Marketing/Sponsorship . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tom Attivissimo
Director, Membership/CPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lori Catapano, CPA
Director, Newsletter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sima Ali, Esq.
Director, Registration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Justine Roe, CPA
Director, Registration/CPE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Steve Schwimmer
Director, Special Activities Fund Raising . . . . . . . . . . . . . . . . . . . . . . . . . . . Allan T. Mendels
Director, Special Activities Fund Raising . . . . . . . . . . . . . . . . . . . . . . . . . . James Smith, CPA
Director, Special Activities Fund Raising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Joe Giacinto
Director, Webmaster . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Linda McCormack
Summer 2011
Institute of Management ACCOUNTANTS
Page 4
The IMA would like to Thank the following for being
a Sponsor this
past
year: InstItute of management
summer
2009
aCCountant
The IMA would like to Thank the following for being a Sp
www.acepayroll.com
www.acepayroll.com
www.ajilon.com
nstItute
of management aCCountants
Page 5
www.augustbenefits.com
www.avz.com
www.bankofamerica.com
e to Thank the following for being a Sponsor this past year:
iates.com
www.boylanbrown.com
www.augustbenefits.com
www.bankofamerica.com
www.boylanbrown.com
www.blawfirm.net
www.blawfirm.net
www.certpay.com
w
www.corporatevalues.net
www.certpay.com
www.citibank.com
GRASSI & CO.
CPAs & SUCCESS CONSULTANTSTM
www.blawfirm.net
www.candbconsulting.com
www.grassicpas.com
GRASSI
& CO.
www.farmingdale.edu
CPAs & SUCCESS CONSULTANTSTM
www.cmitsolutions.com
www.corporatevalues.net
www.cpdltd.com
www.expresspros.com
www.farrellfritz.com
www.grassicpas.com
www.israeloff.com
GRASSI & CO.
www.lckservices.com
CPAs & SUCCESS CONSULTANTSTM
www.grassicpas.com
www.hsbc.com
www.lckservices.com
www.hsbc.com
www.mtb.com
www.icclogistics.com www.jacksonlewis.com
www.lidc.org
www.pmphr.com
www.onesourcedoc.com
www.onesourcedoc.com
www.onesourcedoc.com
www.mendels.net
www.pbipayroll.com
www.pbipayroll.com
www.pmphr.com
www.sovereignbank.com
www.renaissance-associates.com
www.ubsassociates.com
www.sovereignbank.com
www.sovereignbank.com
www.statebankofli.com
www.statebankofli.com
www.lissgroup.com
www.vistage.com
www.usercom.com
www
www.ubsassociates.com
Summer 2011
Institute of Management ACCOUNTANTS
Page 5
2011 – 2012 Advertising Program
Please check all that apply:

Sponsorship Program –
Dinner Meeting sponsorship, Newsletter Sponsorship #1, Web
Site Sponsorship

Dinner Meeting Sponsorship

Two (2) Dinner Meeting Sponsorships **
** Each additional Dinner Meeting - $350

Breakfast meeting sponsorship – exclusive sponsor

½ breakfast meeting sponsorship (1 of 2 display tables)

Newsletter Sponsorship #1 (Business Card Ad – 1 Year)

Newsletter Sponsorship #1A
(Business Card Ad - $25/issue – (4) four issue minimum)

Newsletter Sponsorship #2 (1/8 page-per issue) * $50 x _____
$850
$400
$750
$500
$250
$250
$_______
$_______*

Newsletter Sponsorship #3 (1/4 page-per issue) * $100 x _____
$_______*

Newsletter Sponsorship #4 (1/2 page-per issue) * $200 x _____
$_______*

Web Site Sponsorship (Banner Ad/Link – 1 Year)
$250
Less: Discounts above * (if applicable)
$_______*
TOTAL
$_____ __
* Partial-page Ads in 4 or more issues will enjoy a 10% discount *
Contact Name:
Phone:
Title:
Fax:
_______
Email:
Company:
Address:
DINNER MEETING SPONSORSHIPS SELL OUT FAST – PLEASE RESPOND ASAP
Mail this form and check payable to IMA LI Chapter to:
Renee Sumpter
Albrecht Viggiano Zureck & Co., PC
25 Suffolk Court, Hauppauge, NY 11788
Phone: 631-434-9500 Fax: 631-434-9518 Email: rsumpter@avz.com
Summer 2011
Institute of Management ACCOUNTANTS
broadening the reach of the ada
Effective May 24, 2011, The Equal Employment
Opportunity Commission (“EEOC”) has issued its final
Rules and Regulations (“Regulations”) implementing
the Americans with Disabilities Amendments Act of
2008 (“ADAA”). Employers need to understand how
the ADAA, as interpreted by the Regulations, changes
their rights and obligations under the Americans with
Disabilities Act (“ADA”).
New Constructions and Added Obligations of
Employers
Prior to the ADAA, numerous court decisions had
noted that the determination of whether an employee
had a disability was a fact-intensive, individualized
inquiry. Two persons could have the same medical
condition; one might have been “disabled” for
purposes of the ADA and the other not, depending on
the specifics of their individual circumstances. Prior
to the ADAA, whether an employee could claim to
be “disabled” turned on whether or not the physical
or mental condition at issue “substantially limited”
a major life activity for that employee.
The ADAA and the Regulations change this legal
standard. The Regulations assert that whether an
individual is “substantially limited in a major life
activity “should not demand extensive analysis.”
The Regulations state that a limitation need not
“significantly” or “severely” restrict a major life
activity in order to satisfy the “substantially limits”
requirement. In addition, the Regulations expand
the definition of “major life activities” to modify or
even overturn the impact of judicial decisions that
had limited the ability of employees to come within
the coverage of the ADA.
The Regulations also make clear that employees with
temporary physical or mental conditions may now be
“disabled.” The Regulations state that “[t]he effects of
an impairment lasting or expected to last fewer than
six months can be substantially limiting within the
meaning of this section.”
The Regulations list various conditions that “in
virtually all cases” meet the definition of disability.
The list includes autism, cancer, cerebral palsy,
diabetes, epilepsy, HIV infection, multiple sclerosis,
muscular dystrophy, major depressive disorder,
bipolar disorder, post-traumatic stress disorder,
obsessive compulsive disorder, and schizophrenia.
Page 6
by A. Jonathan Trafimow
Moritt Hock & Hamroff LLP
Commentators have noted how dramatically this
new approach differs from earlier interpretations of
the ADA that eschewed categorical, “per se” rules
to determine whether an employee was disabled in
favor of an individualized assessment as to whether
a particular individual had a disability.
The Regulations reaffirm the pre-ADAA rule that even
employees without a disability may nonetheless be
protected under the ADAA if they are “regarded as”
being disabled by their employers. The “regarded as”
analysis now permits an employee to claim that s/he
is disabled even if the “regarded as” impairment is not
a disability. The Regulations explain that an applicant
or an employee who is subjected to a prohibited
action (e.g., failure to hire, denial of a promotion,
or termination) because of an actual or perceived
impairment will meet the “regarded as” definition of
disability unless the impairment is both “transitory
and minor.” In a victory of sorts for employers, the
Regulations do not impose a duty to reasonably
accommodate an employee who only comes within
the coverage because s/he is “regarded as” disabled
by the employer and does not, in fact, have a disability.
Strategic Implications for Employers: The Reasonable
Accommodation Defense
More often than ever before, employers’ best tactics
in defending ADA lawsuits will be to demonstrate
good faith efforts to accommodate employees, rather
than challenging the employee’s ability to bring
an ADA claim based on the employee’s medical
condition. Put bluntly, the Regulations make it more
difficult for employers to prevail in court (or before
administrative agencies like the EEOC) on the issue
of whether employees are disabled. Thus, employers
are likely to focus their litigation defense efforts on
proving that they offered reasonable accommodations.
The “reasonable accommodation” analysis has both
procedural and substantive aspects to it.
Procedurally, employers will want to argue that
they proactively followed the “interactive process”
when the employee requested an accommodation.
Employers should consider steps that demonstrate
their good faith participation in this process, and
develop a favorable record in connection with
individual “reasonable accommodation” requests.
Developing an appropriate record places added
importance on choosing good managers to accept
Continued on page 7
Summer 2011
Institute of Management ACCOUNTANTS
Page 7
Continued from page 6
responsibility for these issues and providing them
with the appropriate resources and training.
Policy Implications for Employers
Employers should review their disability
discrimination policies and practices, paying attention
to the whether they are still appropriate given their
obligations under the ADAA and the Regulations.
To the extent that employer policies rely on terms
that now have new meanings, such as “disability,”
“substantially limits,” “major life activities,” and
“regarded as,” these policies may need to be reviewed.
New York employers should also note that while the
ADAA and the Regulations bring the ADA closer
to the requirements of New York State and New
York City disability laws, distinctions remain. It is
worth recalling that the New York City Civil Rights
Restoration Act of 2005 worked substantial revisions
to New York City disability law. The ADAA and
the Regulations provide New York employers with
another opportunity to revisit this complicated and
rapidly changing area of employment law.
uuuuu
Employers must understand their exposure under the ADA,
including their expanded exposure under the ADAA and the
Regulations. There are steps employers can take to reduce that
exposure.
© 2011 Moritt Hock & Hamroff LLP. All rights reserved.
A. Jonathan Trafimow, a partner in the firm Moritt Hock &
Hamroff LLP, can be reached at (516) 873-2000 or by email at
jtrafimow@moritthock.com
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Fax (516) 338-4479
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LISS Group Company
Summer 2011
Institute of Management ACCOUNTANTS
Page 8
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: gail@UBSassociates.com
Remember to Pre-register Online
In our efforts to serve you better and avoid long lines at registration,
we encourage you to pre-register and pre-pay for breakfast and
dinner meetings on our website at: http://longisland.imanet.org.
A surcharge may apply for registration at the door.
Your Newsletter Editor
Your newsletter editor is 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 the editor:
Karen A. Goldberg, CPA
Grassi & Co., CPAs
50 Jericho Quadrangle, Suite 200 • Jericho, NY 11753
(516) 336-2455
Email: kgoldberg@grassicpas.com
Visit our website at
http://longisland.imanet.org