Profile
SEMANCHIN & WETTER LLP
SERVICES PROVIDED: Accounting, bookkeeping and payroll Financial Statements - Audit/Review/Compilation Income Tax Planning – Multi-state Financial Planning Family Business Planning Accounting Software Installation Assistance Business Planning Consultation Estate and Gift Tax Planning and Preparation & more.. INDUSTRIES SERVICED: Small and Medium Sized Businesses Medical, Dental, Legal and Engineering Professions Construction Entertainment Hotels Retailers & Wholesalers Real Estate Estate and Trusts Not-For-Profit Manufacturing and Technology About the Firm Semanchin & Wetter LLP is a Buffalo, New York based full-service accounting firm whose clients include successful businesses, professionals and individuals located in various counties throughout Western New York, Canada and many states, including Pennsylvania and Ohio. The firm also provides services to private foundations and public charities.
The firm's emphasis is on providing timely professional services in a cost effective manner. The success of the firm is attributed to the personal attention and responsiveness given to each and every client. The partners and staff have extensive experience in the areas of corporate, partnership, limited liability company, estate, fiduciary, individual and multi-state taxation. The firm was recognized by "Money Magazine" for its tax knowledge and quality of its service. We are proud of our performance and are pleased to represent Western New York in a positive manner on a national scale.
ABOUT THE PARTNERS
THOMAS J. SEMANCHIN- Managing Partner
Tom has over thirty-five years of experience in all facets of taxation, auditing, accounting and management consulting for closely held companies. He has substantial experience in providing services to the medical, engineering and legal professions, insurance industry, construction contractors, real estate development and management companies, waste disposal companies, courier delivery service, industrial refining and recycling companies, manufacturing, nonprofit organizations, retail, hotels restaurants, and automobile dealerships. His experience also includes liquidations, purchase and sale of businesses and tax-free incorporation of various partnerships and sole proprietorships. He is skilled in the implementation of numerous cost and accounting systems including the utilization of the LIFO inventory method.
- Member, American Institute of CPAs
- Member, Tax Division of American Institute of CPAs
- Member, New York State Society of CPAs
- Past Director, Buffalo Chapter NYS society of CPAs
- Former Chairman and Current Member, Committee of Cooperation with the Bar Association, Buffalo Chapter, NYS Society of CPAs
- Member, Committee on Cooperation with Commercial Credit Grantors, Buffalo Chapter NYS Society of CPAs
- Served on Niagara County Community College Accounting program evaluation panel
- Course instructor for Foundation of Accounting Education, Inc.
- Lecturer at professional meetings for the Buffalo Chapter and the NYS Society of CPAs
- Developed course manual and presented seminar to the commercial loan officers of a major WNY bank titled "Financial Overview of Construction Contractors".
RICHARD H. WETTER-- Tax Partner
Dick has over thirty years of experience in all areas of individual, corporate, partnership, estate and fiduciary taxation including tax planning and consultation and preparation and review of tax returns. The clients he services include sole proprietorships, partnerships, including limited liability companies and corporations including extensive work with medical groups and practice, nonprofit organizations, professional sport franchises and professional athletes. Dick was recognized by Money Magazine as one of the best tax practitioners in the United States. His tax experience includes consulting on acquisitions, mergers, liquidations and sales of businesses, implementation of alternative tax accounting methods such as LIFO and adoption of employee benefit programs. He also worked with individuals relocating to the Western New York area from other areas. His experience also includes extensive tax representation service before agent and appeals levels of the Internal Revenue Service. From 1978 to 1980, Dick worked in the London, England and Brussels, Belgium offices of Price Waterhouse & Co., where he gained extensive experience in U.S. expatriate taxation including tax equalization programs for expatriate employees of several major U.S. Corporations.
- Member, American Institute of CPAs
- Member, Tax Division of American Institute of CPAs
- Member, NYS Society of CPAs
- Past member, Federal and State Taxation Committee and Committee on Cooperation with the Bar Association, Buffalo Chapter of NYS Society of CPAs.
- Past member of Advisory Board Graduate Tax Certificate Program – SUNY School of Management
- Instructor in taxation for the Foundation for Accounting Education, Inc.
- Cited as the only tax preparer who determined the correct tax on Money Magazine's annual tax return completed by over fifty tax preparers throughout the U.S.
WILLIAM E. MANCINI --Partner
Bill has over twenty years of experience in many facets of taxation, auditing accounting and management and computer consulting for closely held companies. He has experience in providing services to medical and legal practices, elder care services, insurance industry, construction contractors, real estate development and management companies, engineering professionals, professional athletes, entertainers, manufacturing, wholesale, retail, hotels and restaurants. In addition, his experience includes implementation of computerized and manual accounting systems and the utilization of LIFO inventory method.
- Member, American Institute of CPAs
- Member, NYS Society of CPAs
- Former Chairman and Current Member, Computer Users Committee, Buffalo Chapter, NYS Society of CPAs
- Member, Information Technology Membership Section, American Institute of CPAs
- Board of Directors of Depew-Elma-Lancaster Chamber of Commerce.
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