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Advisor Overview

EXPERIENCE HIGHLIGHTS

Jack Pulvirenti, an audit partner, member of the Executive Committee, and Chair of Hospitality Services at Berdon LLP, has been with the firm since 1988. A specialist in the hospitality and real estate industries, with a focus on closely held businesses, he also advises clients in retail, distribution, and professional services. His hospitality and real estate expertise encompasses advising clients on all types of accounting, tax, and business issues including:

  • Acquiring, developing, renovating, and selling hotels and restaurants, as well as commercial and residential properties, including:
    • Developing models to evaluate the economic and tax effects of potential transactions
    • Performing due diligence with respect to assets to be acquired
    • Consulting on the determination of Hotel and Restaurant Prorations and other "day of closing" related  issues
    • Advising on management, franchise, and lease agreements
  • Providing operational studies and reviews to help uncover overlooked profit centers, identify potential cost reductions, and assist in providing oversight of third party managers 
  • Advising on internal controls to assist in determining areas of risk that require tighter controls and initiating procedures to remediate potential problems
  • Preparing and evaluating cash flow projections, financial forecasts, and comparative performance analysis
  • Developing fixed asset capitalization policies to ensure compliance with income tax
    and accounting requirements
  • Creating succession plans for the orderly and tax-efficient transition of control and ownership of closely-held businesses
  • Representing privately held businesses in disputes with taxing authorities
  • Providing traditional GAAP and income tax basis auditing and financial reporting services, as well as preparing special purpose reports relating to mortgage and other financing agreements, operating leases, and regulatory filings

Mr. Pulvirenti authored an article in Real Estate Weekly on reducing financial risks in an economic downturn, advised Long Island Business News readers on the audit process and building rapport, and was profiled in New York Real Estate Journal.  He moderated the Bisnow panel discussion "NYC Hospitality Climate." In addition, Mr. Pulvirenti is a key contributor to the Berdon Hospitality Industry Insights newsletter and has advised on fraud prevention in the hospitality industry on the Berdon video series 2MinutesOn. He is also active in a number of internal Berdon committees, including education, integrated financial reporting, and family/owner-managed businesses.

PROFESSIONAL MEMBERSHIPS AND ACTIVITIES

American Institute of Certified Public Accountants

Hospitality Financial & Technology Professional Organization - New York City Chapter

Hotel Association of New York City 

New York Society of Certified Public Accountants

  • Hospitality Committee

EDUCATION AND LICENSES

Mr. Pulvirenti earned his Bachelor of Science degree in accounting from the State University College of New York at Oswego. In 1991, he obtained his license as a certified public accountant
in New York.