TOP 10 CONSTRUCTION LEADERS
Grassi & Co. focuses on construction
industry with forward thinking and
comprehensive accounting services
New York Construction Report special feature
From its 1980 start, Grassi & Co.

has grown to be among the top 100
largest accounting firms in the U.S.,
has been ranked by Crain’s New York
Business as one of the top 20 largest
firms in New York, and as one of the
top 10 largest firms on Long Island
by Long Island Business News.

Steven Goldstein, audit partner in
the construction niche, says when
Louis Grassi started the firm, he
sought to develop expertise in the
construction industry’s specialized
requirements because of his
connections with the industry.

Today the firm’s services include
tax and accounting, and business
advisory services delivered through
its offices in Long Island, Manhattan,
8 – WINTER 2018 — New York Construction Report
New Jersey, Westchester County
and Rome, Italy.

“Beyond growing geographically,
we also serve other niche expertise
including manufacturing and
distribution, healthcare, architecture
and engineering, retail, food and
beverage, and not-for profit.”
Goldstein says the team has also
developed to become thought
leaders in their respective fields,
teaching, presenting, and engaging
with their specific industries as
appropriate. The firm, for instance,
prepares and presents an annual
Construction Industry Market
Outlook Survey. The survey covers
topics including financial metrics for
benchmarking; business strategies
considered and implemented;
succession planning; taxation
planning and incentives; technology;
human resources; and compliance,
safety and risk assessment.

“We have also developed
expertise in areas including project
specific audits, contract forensics
and corporate valuation to provide
more comprehensive support where
clients need it.”
Goldstein says the annual
construction market report helps
clients better understand the overall
state of the industry and where they
fit, “and it helps us better understand
our clients and where we can fill
needs.” “This year’s survey, for instance,
indicated that only 19 percent of
respondents said they were taking
advantage of certain contractor
deductions,” he said.