History of the Firm
The professional accounting practice of Giffuni & Young, Certified Public Accountants, P.C. was founded originally in 1982 by Christopher V.L. Giffuni as a sole practitioner. When joined by Timothy R. Young in 1987, the accounting firm of Giffuni & Young CPA, P.C. (the Firm) was formally formed and has been in existence ever since. The firm is composed of these two Partners – Christopher V.L. Giffuni CPA and Timothy R. Young CPA, MBA-Taxation and encompasses additional staff comprising two CPA’s and two other accountants. Formed with the intent of giving close personal attention to closely held and entrepreneurial businesses, the firm has grown to serve a wide range of such businesses, each with unique needs.
Prior to forming the Firm, the partners worked together at the big five firm of Deloitte and Touche (formerly Deloitte, Haskins, & Sells) in the emerging business area. Tim was with Deloitte for eleven years. His tenure included time as a tax specialist serving large clients while in the New York office such as Mitsubishi, Mitsui, Avis Rent-a-Car, and Norton Simon, while specializing in smaller family owned and start up entrepreneurial companies while in the Long Island office. In addition he spent time in the national executive office disseminating the latest tax regulations and rules to firm practitioners around the country. Chris was with Deloitte for five years spending the entire time with emerging business area performing auditing, tax and financial services to entrepreneurial clients in the New York area.
While working in such a large firm environment, Giffuni and Young saw the needs of the emerging business owners for a close hands on approach by their accountants. In the tax and financial circumstances businesses must function in, business owners need a relationship with their accountant whereby the accountant is very well versed with both the individual, and their business on an ongoing basis.
The Firm was founded on a philosophy that has been followed to this day which dictates few clients, of high quality, that need a “hand holding” type of relationship with their accountants. It is not the firm’s intent to get any bigger than it has historically been, nor it’s intent to go into the mass production form of accounting whereby a firm has hundreds of clients, each of which gets one phone call a year from the partners, while an ever changing cast of staff members do the actual accounting work. The Firm is set up to consult a Company as we would wish to have ours consulted were we the stockholders.