September 10, 2019
This quarter, we take a look back.In honor of our 60th anniversary, this quarter’s spotlight is on the firm and our six-decades-long journey from a small firm of bookkeepers and tax accountants to a full-service, one-stop business solution.
It all began when Marvin Alloy and Raymond Silverstein merged their public accounting practices and set up shop in a small, three-room office suite in Pennsauken, New Jersey.
Electric typewriters and calculators came into the workplace. We moved to a new address in Cherry Hill, and hired future partners Joe Adams, Bruce Mulford, Bud Wilson, and Dennis Vogt.
The firm adopted the latest technology in the form of computers and suitcased-sized laptops. We hired future partners Ren Cicalese and Bill Jones, and our first accounting intern. In 1989, the current shareholders bought Alloy Silverstein from the founders.
Business growth and more technology were the firm’s hallmarks. We transitioned from manual to electronic workpapers, and launched a website. We established subsidiary companies Abacus Payroll, Inc. and Alloy Silverstein Financial Services, Inc. which are celebrating their 20th anniversaries this year. We also established a scholarship program with Rutgers University.
Alloy Silverstein transitioned to a paperless office. We joined the international association, INPACT Americas, and presented our first Externship Day about accounting careers for college students. In 2008, we acquired Robert W. Gargone & Associates, opening a second office in Hammonton, NJ.
The firm’s innovative thinking and penchant for looking outside the box have led to new services and even more community support. We now offer a wide range of digital solutions including paperless payroll, cloud accounting, online A/P and A/R services, virtual CFO solutions, disaster recovery plans, automated billing, fraud protection and more. We have expanded the reach and services of Abacus Payroll by merging with Payroll Express. Our monthly Alloy Academy sessions educate clients on business issues from bookkeeping to marketing to cyber security to financing. Year-round, we are committed to bettering the local community with efforts such as Adopt-A-Family during the holidays, Go Red for Women in the winter, an animal shelter drive in the spring, Project Backpack in the fall, and Alloy Cares volunteer time throughout the summer.
While tax laws have changed dramatically over the course of 60 years and technology has disrupted the way we all do business, one thing has never changed, and that is Alloy Silverstein’s promise to deliver quality service to clients. In recent years, we articulated that promise in a Client Bill of Rights that guarantees prompt, responsive replies, timely, reliable performance of services, and open communications. It’s what you deserve, and what we intend to continue for the next 60 years.
This article was published in Alloy Silverstein’s Fall 2019 Newsletter. Click here for more content or to subscribe.
