News
June 29, 2016Longtime Chamber Member Celebrates Its 45th Anniversary
This month marks the 45th anniversary for Teal, Becker & Chiaramonte, CPAs, P.C. (TBC).
John Chiaramonte, a founder of the public accounting firm, now serves as Chairman. He recently shared his reflections on doing business locally for 45 years.
“The automation and tax complexity has definitely changed from then to now, but the way we do accounting has always been the same,” said Chiaramonte. “It’s been a lot of fun. We’ve really been blessed with good fortune and associates, and we’ve grown because of them.”
The other namesakes of the Firm, Ron Teal and Larry Becker founded TBC with Chiaramonte in 1971. Ron Teal, who last worked at TBC during tax season in 2015, congratulated TBC on its 45th anniversary. “I’m glad I was a part of it for many years and that they are continuing.” said Teal. “I always enjoyed working with all of the people. It was a very friendly atmosphere to work in, and I think that helps to make the Firm continue.”
Becker, who left his career in public accounting in the 1980s to establish a real estate development business, has been a loyal client for more than 30 years.
“Windsor Development has happily used TBC for tax services since its inception,” Becker said. “I have watched the growth of TBC with great admiration always knowing it would be a success, and am sure that success shall continue in the future.”
Nearing its fifth decade of client service, TBC has been serving thousands of businesses and individuals in the areas of accounting, auditing, tax and advisory services, as well as other specialty services including pension administration services, employee benefit plan audits, estates and trust planning and administration, business valuations, forensic accounting and cost segregation studies. Over the last 45 years, the Firm has significantly grown its client base and looks to continue this trend, while continuing to provide the close, personal attention that the clients need.
One aspect of the Firm that has certainly changed is its size. Starting with only four employees, today it employs 95 associates, including 52 CPAs which is the most in any Capital Region public accounting firm. While the Firm has moved its physical location several times to accommodate the growing number of employees, the current staff all operate out of one office building located at 7 Washington Square – and there are no plans to change the headquarters.
In addition to real estate developers, the Firm’s commercial clientele includes construction contractors, distributors, manufacturers, professional service firms, automotive dealers, retailers, technology companies, and wholesalers among other businesses. To learn more about TBC’s history and its continued growth, the Firm’s website includes a timeline of its milestones at http://www.tbccpa.com/about/history.
