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BP-12 Hartford Business Journal • March 3, 2014 www.HartfordBusiness.com HBJBUSINESSPROFILES Federman, Lally & Remis — Not Your Typical Bean Counters W hen Dave Federman, Bob Lally and Jim Remis joined forces they shared a vision to create a firm that was different — one that could effort- lessly adapt to client needs and that stood apart from the larger, impersonal accounting firms. Describing themselves as "Not Your Typical Bean Counters," Federman, Lally & Remis has come to be the firm of choice for clients seek- ing personal relationships and smart, technical accounting practice. The firm is distinguished by its experienced, mature staff and its client-centered approach. Coming from large, multi-office, international practices, Federman, Lally and Remis built a firm a client could love. The teaching-hospital business model, which results in constant turnover of staff, is followed by most large accounting practices. In contrast, Federman, Lally & Remis' practice model is based on client satisfaction and professional continuity. Perhaps this is why they were recently voted: "The Best General Accounting Firm" in Connecticut by readers of the Commercial Record. As managing partner Dave Federman puts it: "It was clear from our experience that clients were uncomfortable with personnel turnover at accounting firms. They want to see the same experienced team every year. No one wants to be a training ground. In addition to retaining the very best talent, we are dedicated to the success of our clients." Federman, Lally & Remis is a traditional full-service accounting firm offering tax, advisory and auditing ser- vices. What differentiates this firm however is their abil- ity to combine solid accounting and business consulting practices with their original client-centered vision. The result is decidedly un-typical. Areas of expertise include manufacturing (particularly aerospace and high-tech), distribution, real estate and auto dealerships. The volume and scope of the firm's practice is remarkable for its size. Several clients exceed a billion dollars in sales, yet the principle feature of the client list is not size, but ownership. Federman, Lally & Remis limits its practice to closely held businesses and does not service publicly traded companies. In a business environment where the technical complex- ity and professional liability of auditing has led many firms out of the audit practice, Federman, Lally & Remis is very proud of its peer-reviewed audit practice. "Auditing is the hallmark of the true accounting practice and is the founda- tion for technical excellence," adds Jim Remis, head of the accounting and auditing practice. The firm regards itself as a local alterna- tive to New York or other money-center based firms. "While we happen to be in Hartford, the technical sophistication of our practice could be anywhere," says Bob Lally, head of the firm's tax prac- tice. "We are routinely involved in complex transactions and multi-national and multi-state matters." With more than 20 accomplished professionals, Feder- man, Lally & Remis offers significant service capabilities. The firm has created a niche for itself in which experience, problem solving and personal service are cause for success. Federman, Lally & Remis' vision of a more responsive and personal firm extends to the broader community as well. The firm is committed to the local community and is well known for its support of the Hartford Symphony and the Talcott Mountain Summer Music Series. In addition, the firm provides leadership and financial support to the Mandell Jewish Community Center, the Jewish Federa- tion, the Arthritis Foundation, Hartford Stage and the Yale School of Music. The firm also provides important support to Hartford Hospital, Hebrew Health Care and many other local charities. Pictured here are firm partners (left to right, standing): Wesley d. Barnard, James S. remis and david S. Federman. (left to right, seated) Scott a. Goodwin and robert V. lally. Federman, Lally & Remis LLC Address: 231 Farmington Ave., Farmington, CT 06032 Phone: 860-678-7100 Web Site: www.flrcpa.com Number of Employees: 23 Top Executives: David S. Federman, Robert V. Lally, James S. Remis, Wesley D. Barnard, Scott A. Goodwin Product or Service: Accounting and Tax Services Year Founded: 1991 ' ' Federman, Lally and Remis built a firm a client could love. Federman, LaLLy & remis LLc Certified PubliC ACCountAnts