About our Firm

Background

The Firm was founded in Cleveland, Ohio as a sole proprietorship in 1938 by Walter B. Stone. Lewis B. Frauenthal joined the firm in 1956, shortly thereafter became a partner, and then managing partner. Steven H. Newman joined the Firm in 1983 and in 1985 became a shareholder. For over thirty years the Firm’s office was located on Euclid Avenue at East 18th Street. In June of 1988 the Firm moved to expanded, refurbished quarters in the Park Plaza building on Chester Avenue and remained there until 2002. In December of 2002, the Firm moved to their current location on the tenth floor of the Ohio Savings Plaza building on East Ninth Street.

In May of 2005, after nearly 50 years of professional practice, Mr. Frauenthal retired from the firm and the accounting profession. Steven H. Newman is now the 100% shareholder and President of the firm. Including Steve, the firm consists of ten employees, which includes six certified public accountants, an accountant/administrator, a staff accountant, a director of development and a secretary/receptionist. The professional staff is trained to work in tax, accounting, management services, business valuations, and consulting; however, some have advanced training in some areas of service provided.

Newman & Company, CPAs provides a full range of services that include: accounting, tax planning and compliance, personal financial advice, business planning, business valuations, litigation support, and cost segregation studies.

When the firm started, its philosophy was to provide comprehensive and personalized service. The firm has operated under different ownership over the years; however, its basic philosophy has remained the same: to provide quality accounting and personal attention to small and medium size businesses, the backbone of the American economy. Newman & Company, CPAs has established a firm capable of providing a full range of public accounting services to clients who benefit from its employees’ expertise, quality of work, and commitment to success.

Our Mission

The individuals who make up Newman & Company, CPAs are caring, trained professionals who help clients achieve their goals through thoughtful discussions and an understanding of their particular wants and needs. Newman & Company, CPAs strives to constantly improve to meet its clients’ requirements and expectations and then exceed them. As a firm it strives for honest, ethical, and professional actions. It is committed to an atmosphere of mutual respect and support to achieve a productive and rewarding work experience. As a firm of diverse professionals, Newman & Company, CPAs is committed to constant self-improvement and training in order to provide for the firm’s overall success.

Our Team

Steven H. Newman, CPA, CVA

Steven H. Newman is the Managing Shareholder and President of Newman & Company, CPAs. He joined the firm in 1983 as an Accounting Manager and became a Shareholder in 1985. Prior to joining Newman & Company, CPAs, Steve was a senior internal auditor and accounting manager for the Diamond Shamrock Corporation. A native Clevelander, Steve received his Bachelor of Business Administration in Accounting, Magna Cum Laude from Kent State University, Kent, Ohio, in 1979.

In addition to being a CPA, Steve received his certification as a Certified Valuation Analyst (CVA) in 1998. As a CVA, Mr. Newman values businesses for sales acquisitions, estate and gift tax planning, divorce and other litigation matters. Steve is a member of the American Institute of CPAs (AICPA), the Ohio Society of CPAs (OSCPA), the Tax Club of Cleveland, and the National Association of Certified Valuation Analysts (NACVA).

As an active member of the Northeast Ohio Apartment Association, he also serves clients as a consultant in real estate and other tax matters. Mr. Newman is very active in community service projects and organizations. He is the past Treasurer of the Ronald McDonald House of Cleveland, and is currently serving on the finance committee. Steve is a board member of the ALS Association – Lou Gehrig’s disease, Northern Ohio Chapter and Board Member and Treasurer of Temple Israel Ner Tamid. He is the host of the radio show “Financial Opportunities” airing on WCLV 104.9 FM on Sunday mornings. Steve served on the South Euclid-Lyndhurst finance advisory committee and was the Treasurer for the school system’s levy campaign. In addition, he enjoys volunteering for Habitat for Humanity.

A listing follows showing his background, continuing education, professional associations and civic activities.

BACKGROUND

• Graduate of Kent State University in 1979 Bachelors in Business Administration, Magna Cum Laude
• Accounting Manager and Internal Auditor for The Diamond Shamrock Corporation from 1979 through 1983
• Certified Public Accountant
• Certified Valuation Analyst
• Private practice 1983 through present and holds the position of President of Newman & Company, CPAs

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Member NACVA (National Association of Certified Valuation Analysts)
• Member CEIR – (Center for Economic and Industrial Research)
• Member AICPA (American Institute of Certified Public Accountants)
• Member OSCPA (Ohio Society of Certified Public Accountants)
• Member Cleveland Chapter of OSCPA – Litigation Services
• Member Tax Club of Cleveland
• Member COSE (Council of Smaller Enterprises)
• Member NOAA (Northeast Ohio Apartment Association)
• Member Cleveland Society of Financial Services Professionals
• Currently serving on the Finance Committee, Ronald McDonald House of Cleveland
• Board member of the ALS Association (Lou Gehrig’s disease), Northern Ohio Chapter
• Board member and Treasurer of Temple Israel Ner Tamid
• Host of the radio show “Financial Opportunities” airing on WCLV 104.9 on Sunday mornings
• Served as Treasurer, Ronald McDonald House of Cleveland (1996-2002)
• Served on South Euclid/Lyndhurst Finance Advisory Committee (1989-1993)
• Served as Treasurer, Citizens for South Euclid/Lyndhurst Schools (1989-1993)

newman@newmancpas.com 216-781-6106 x102

Louis Marn, CPA

Louis Marn is the Tax Manager for Newman & Company, CPAs. He joined the firm in 1991. Prior to joining Newman & Company, CPAs, Lou was a Tax Manager with Price Waterhouse Coopers in Akron, Ohio and a Tax Supervisor with Ernst & Young in Dayton, Ohio. He also served as a Corporate Tax Field Agent with the Internal Revenue Service. Lou received his Bachelor of Business Administration in Accounting, graduating with honors and attended the Masters in Business Administration Program at Wright State University.

Mr. Marn has almost 30 years of public accounting experience covering all aspects of corporate and individual taxation. He is a member of the American Institute of CPAs (AICPA), the Ohio Society of CPAs (OSCPA), and the Construction Employers Association.

A listing follows showing his background, continuing education, professional associations and civic activities.

BACKGROUND

• Graduate of Cleveland State University with a Bachelors in Business Administration majoring in accounting, graduating with honors
• Masters in Business Administration Program at Wright State University
• Tax Manager of the Firm since 1991
• Tax Manager and Staff Accountant with Price Waterhouse Coopers in Akron, Ohio
• Tax Supervisor with Ernst & Young in Dayton, Ohio
• Certified Public Accountant
• Former Internal Revenue Service Corporate Tax Field Agent

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Member AICPA (American Institute of Certified Public Accountants)
• Member OSCPA (Ohio Society of Certified Public Accountants)
• Member Construction Employers Association

Marn@newmancpas.com 216-781-6106 x101

Victoria R. McClintock, CPA

Vicki McClintock is the Accounting Manager of Newman & Company, CPAs. She joined the firm in 1983 as a keypuncher/bookkeeper. Since joining the firm she has earned her Bachelors of Science in Accounting from Myers University in 1988 and obtained her Certified Public Accountant license in 1989.

A listing follows showing her background, education, and professional associations.

BACKGROUND

• Graduate of Myers University in 1988 Bachelors of Science in Accounting, Summa Cum Laude
• Joined the Firm in 1983 and currently holds the position of Accounting Manager
• Certified Public Accountant

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Member AICPA (American Institute of Certified Public Accountants)
• Member OSCPA (Ohio Society of Certified Public Accountants)

vicki@newmancpas.com 216-781-6106 x105

Darlene M. Groves

Darlene Groves is an Accountant and Office Manager for Newman & Company, CPAs. She joined the firm in 1995. Prior to joining Newman & Company, CPAs, Darlene was the Controller for First Forms from 1988 to 1995 and also previously an Assistant Director of Financial Operations for Jones, Day, Reavis & Pogue, Attorneys at Law. She graduated from Cleveland State University with a Bachelors of Science in Accounting in 1979.

A listing follows showing her background and civic activities.

BACKGROUND

• Graduate of Cleveland State University with a Bachelors of Science in Accounting in June 1979
• Accountant & Office Manager of the Firm from October 1995 to the present
• Controller for First Forms from January 1988 to June 1995
• Assistant Director of Financial Operations for Jones, Day, Reavis & Pogue Attorneys at Law

CIVIC ACTIVITIES

• Eucharistic Minister at Holy Spirit Church in Avon Lake

Darlene@newmancpas.com 216-781-6106 x108

Pamela S. Payton, CPA

Pam Payton is a Staff Accountant for Newman & Company, CPAs. She rejoined the firm in February 2006 having worked here previously from May 1987 through 1995. In the interim, she worked in both public and corporate environments. In addition, she obtained a background in Human Resources and functioned in this additional role for sometime. Pam received her Bachelor of Business Administration in Accounting from Cleveland State University, Cleveland, Ohio, in December 1986.

Pam is a member of the American Institute of CPAs (AICPA), the Ohio Society of CPAs (OSCPA), the Society for Human Resource Managers (SHRM), Beta Alpha Psi (Accounting Honorary) and Beta Gamma Sigma (Business Honorary).

She is on the Advisory Board for the Diocese of Cleveland Catholic Campaign for Human Development and serves as Lector and Eucharistic Minister at St. Ambrose Parish. Due to her younger sister, Lynn, being specially challenged, she has served as a board member of her sister’s Special Olympic group, worked with the athletes, and acted as their accountant for a few years.

A listing follows showing her background, continuing education, professional associations and civic activities.

BACKGROUND

• Graduate of Cleveland State University in 1986 Bachelors in Business Administration in Accounting
• Staff Accountant for the Firm from February 2006 to the present and previously from 1987 to 1995
• Chief Financial Officer for Computer Quest, Ltd. from February 2005 to October 2005
• Manager of Human Resources & Administrative Assistant to the President for North American Manufacturing Co., Ltd. from April 2004 to November 2004
• Staff Accountant & Human Resources representative for Steinke Vertal Langdon & Drum, Inc. from June 2003 to April 2004
• Staff Accountant & Human Resources representative for Quality Protective Clothing, Inc. from August 2002 to June 2003
• Human Resources & Payroll Coordinator for K & M International, Inc. from February 1997 to October 2001
• Controller for Plant Systems, Inc. in 1996 & 1997
• Staff Accountant for Mills, Potoczak & Company in 1995 & 1996
• Certified Public Accountant

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Member AICPA (American Institute of Certified Public Accountants)
• Member OSCPA (Ohio Society of Certified Public Accountants)
• Member SHRM (Society for Human Resource Managers)
• Member Beta Alpha Psi (Accounting Honorary)
• Member Beta Gamma Sigma (Business Honorary)
• Advisory Board member of the Catholic Campaign for Human Development (CCHD) for the Diocese of Cleveland
• Lector & Eucharistic Minister at St. Ambrose Parish

pam@newmancpas.com 216-781-6106 x104

Julie A. Groves

Julie A. Groves is a staff accountant with Newman & Company, CPAs. She joined the firm in August 2006. Prior to joining Newman & Company, CPAs, Julie was a Staff Accountant with Mastercraft and Tyre in Mesa, Arizona and a Billing Coordinator with Brett Linden Lawn Maintenance in Avon, Ohio. Julie received her Bachelor of Science in Business majoring in Accounting and a Bachelor of Arts in Political Science at Miami University in Oxford, Ohio, both in 2003. She also participated in Miami’s Capstone in Strategic Management course. This is an intense course on managing a company while competing with others in the class to see who could make the largest profit. The team she was on won this competition.

A listing follows showing her background.

BACKGROUND

• Graduate of Miami University of Ohio in 2003 Bachelors of Science in Business majoring in Accounting and Bachelor of Arts in Political Science
• Capstone in Strategic Management – Intense Management Course at Miami University
• Staff Accountant at the firm since August 2006
• Staff Accountant for Mastercraft Automotive and Tyre in Mesa, Arizona in 2005 until August 2006
• Server at Cheesecake Factory from 2005 until December 2006 in Arizona and in Ohio
• Supervisor/Installer at RJ Data Cabling, Inc. from 2002 until 2005
• Billing Coordinator at Brett Linden Lawn Maintenance in 2000

julie@newmancpas.com 216-781-6106 x106

Sheldon M. Lewin, CPA

Sheldon M. Lewin is a part-time accountant and tax preparer at Newman & Company, CPAs with over 50 years experience working in public accounting. He joined the firm in late November 2007 and brings a wealth of knowledge in many types of businesses. Sheldon has experience in accounting, auditing, taxes, retirement plans and business consulting. Past clients were concentrated in wholesale business, service companies, and real estate and were from small to large in overall size of operation.

Prior to joining Newman & Company, CPAs, Sheldon was a partner with CBIZ Accounting, Tax & Advisory Services from November 1999 to December 2006; he was a Partner in Baden & Linden, PLL, which was acquired by CBIZ, from December 1959 to November 1999. He started his public accounting career with Stromberg & Associates and was with them from March 1958 to December 1959.

Sheldon graduated Magna Cum Laude from Western Reserve University in June 1957 with a Bachelors of Business Administration in Accounting. He served as president of the University’s chapter of Beta Alpha Psi and was also a member of several honorary societies. He is currently a member of the American Institute of Certified Public Accountants and the Ohio Society of CPAs. Sheldon was an active participant in the Cleveland Chapter of the Ohio Society Downtown Practitioner’s Group and has given talks on taxation to them and to several non-profit organizations. He is currently a board member and treasurer of the Historic Warehouse District of Cleveland and has been involved with several non-profit organizations.

A listing follows showing his background, continuing education, professional associations and civic activities:

BACKGROUND

• Graduate of Western Reserve University in 1957 Bachelors in Business Administration, Magna Cum Laude
• Junior Accountant with Stromberg & Associates in Cleveland, Ohio from March 1958 to December 1959
• Managing Partner of Baden & Linden PLL in Cleveland, Ohio from December 1959 to November 1999
• Director of CBIZ Accounting, Tax & Advisory of Ohio, LLC in Independence, Ohio from November 1999 to December 2006
• Shareholder of Mayer Hoffman McCann PLL, an Independent Accounting Firm for attest services only
• Sole practitioner in private practice
• Certified Public Accountant

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Member AICPA (American Institute of Certified Public Accountants)
• Member OSCPA (Ohio Society of Certified Public Accountants)
• Board Member and Treasurer of the Historic Warehouse District of Cleveland
• Participant Cleveland Chapter of Ohio Society Downtown Practitioners Group
• Served as Board Member and Treasurer of the Northeast Ohio Jazz Society
• Served on the Finance Committee of the West Side Catholic Center

sheldon@newmancpas.com 216-781-6106 x103

Thomas M. Woisnet, CPA

Tom Woisnet is a unique member of Newman & Company, CPAs. He is a twenty-five year veteran of the Cleveland Fire Department and a degreed accountant and CPA. Besides serving the department, he pursues an interest in accounting on a part-time basis working for the firm. Tom worked for the firm as a part-time accountant in the 1990’s and recently rejoined the firm in February 2006. During the busy season, he is able to help complete the various tax returns that are due and helps in many ways throughout the year.

Tom’s family consists of his wife, two daughters and a dog. In his spare time, he enjoys playing golf (a lot).

A listing follows showing his background, continuing education, and professional associations.

BACKGROUND

• Graduate of Cleveland State University with a Bachelors of Business Administration in Finance
• From 1984 to 2005 was a Staff Accountant for both Shalek & Associates and Jurcago & Company.
• Returned to Newman & Company in February 2006 having previously worked at the Firm during the 1990’s
• Certified Public Accountant
• Member of the Cleveland Fire Department since March of 1981
• Promoted to Captain in the Cleveland Fire Department in 1997
• District Field Representative for Westinghouse Credit Corporation

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Member AICPA (American Institute of Certified Public Accountants)
• Member OSCPA (Ohio Society of Certified Public Accountants)
• Served approximately one year at the Fire Prevention Bureau
• Served approximately one year at the Fire Training Academy
• Served approximately one year at the Fire Storeroom

tom@newmancpas.com 216-781-6106 x107

Karen Temple

Karen Temple is employed as the Director of Development for Newman & Company, CPAs. She joined the firm in February 2008 and has worked in the field of marketing and graphic design since 1988. She also has a side business that she started in 1999 called Karen’s Cheesecakes that sells gourmet cheesecakes and has over one hundred regular customers.

Prior to joining Newman & Company, CPAs, Karen worked in various industries and companies in a marketing capacity. Some of her responsibilities and tasks were making sales calls, setting appointments with follow-ups to contacts and as a designer in their graphic arts departments.

Karen graduated with a Bachelor of Arts degree concentrating in Graphic Design from Kent State University. She also received an Associates of Liberal Arts degree from the University of Cincinnati.

A listing follows showing her background and education:

BACKGROUND

• Graduate of Kent State University with a Bachelors of Arts in Graphic Design
• Graduate of University of Cincinnati with an Associates of Liberal Arts
• Owner and baker for Karen’s Cheesecakes from 1999 to the present
• Marketing and Sales activities for the following:
• U.S. Network from 2004 to 2006
• Akron Cotton Products from 1993 to 2002
• PRD Graphics from 1990 to 1993
• Penton Media from 1988 to 1990

CONTINUING EDUCATION, PROFESSIONAL ASSOCIATIONS AND CIVIC ACTIVITIES

• Volunteer with OhioReads

karen@newmancpas.com 216-781-6106 x112

Elizabeth Steptau

Elizabeth Steptau is the Receptionist and Administrative Assistant of Newman & Company, CPAs. She recently joined the firm in September 2006. Before joining the team at Newman & Company, CPAs, Liz managed a pharmacy as well as being its top pharmacy technician. Born and raised in Brooklyn, New York, she relocated to Cleveland in 2006.

A listing follows showing her background

BACKGROUND

• Attended Baruch College from 1996 to 1998 with a Major in Accounting
• Secretary and Receptionist for the Firm from September 2006 to the present
• Manager and Pharmacy Technician for Best Care Pharmacy in New York from May 2005 thru August 2006
• Administrative Assistant for Taxes Computerized Associates in New York from November 2004 to May 2005
• Office Manager for a Medical Doctor in New York from November 2002 to October 2004
• Manager of Future Tan in New York from June 2000 to January 2002

elizabeth@newmancpas.com 216-781-6106 x100