Marc Taub, CPA*, is a principal in the Audit Department at MBAF. He has been with the firm since 1991 and was elected to partnership in 1996.
Marc has more than 25 years of experience servicing numerous entities in the independent and business sectors, including clients in advertising, commercial real estate, financial services, garment industry, manufacturing, professional services, publishing and technology industries, as well as residential condominiums and co-ops and non-profit organizations. In addition, Marc has worked with ESOPS and broker-dealers. He is a hands-on fiscal and business advisor with a comprehensive knowledge of the financial requirements of closely held businesses, as well as the financial and estate planning issues relevant to owners and executives on their management teams. In addition to providing business assurance, audit and tax consulting services, he helps clients establish credit and working capital and guides them through the budgeting and cash flow management processes.
Marc leads MBAF Non-Profit Group and coordinates the planning and administration of engagements, with a particular focus on infrastructure, reporting, and compliance issues. Marc’s extensive expertise with non-profit entities encompasses audits in compliance with GAAS and OMB A-133 requirements in accordance with Government Auditing Standards (the Yellow Book), as well as assurance, tax compliance, and management advisory services.
*Licensed to practice in the states of New York, Connecticut and New Jersey
- American Institute of Certified Public Accountants
- New Jersey State Society of Certified Public Accountants
- New York State Society of Certified Public Accountants
- Not-For-Profit Services Association
- Bryant College – Bachelor of Science in Accounting
On August 18, 2016, the Financial Accounting Standards Board, (FASB) issued an Accounting Standards Update, that has been designed to “help not-for-profits tell their story through their financial statements.” The Accounting Standards Upd ...Explore
The New York State Education Department (NYSED) has issued the Charter School Audit Guide with changes that go into effect for the year ended June 30, 2015. MBAF would like to inform you of these changes that will affect the audit procedure and requi ...Explore
New York Governor Andrew Cuomo recently announced the release of proposed regulations that would limit spending for administrative costs and executive compensation at non-profit institutions that receive certain levels of state funds and of state-aut ...Explore
The IRS has issued Notice 2012-9 which provides additional guidance on how non-profits and other employers must report the aggregate cost of employer-paid health insurance coverage for each employee, beginning with Forms W-2 for the 2012 tax year. Em ...Explore